Hello guys, in this article I will present you a short summary of TimeBox, a project currently at ICO stage.
Idea
TimeBox is a platform that uses decentralized storage technology with a smart contract on it, to store valuable digital assets in a secure way.
Grade: 4/5
Token metrics
The hard cap is attractive, but what concerns me is the largest bonus of 50% during pre-sale, which could lead to a potential dump as soon as the token hits exchanges. Team retains only 15% of the tokens, which is also ok and states that they are not greedy.
Grade: 3,5/5
Roadmap
The roadmap is not that long term orientated, but the releases during 2018 are significant and could increase the value of the token.
Grade: 4/5
Team
The team looks very good, with experience in big companies like Ernst & Young or Sony, they also have decent advisers like the CEO of TraDove, which is another blockchain project. They only have 4 developers, but that might be enough for what they aim to achieve.
Grade: 4,5/5
Prototype
They have no working product yet, just an alpha of the prototype, but the main client is to be released in Q4 2018, which is not that far away.
Grade: 2,5/5
Token utility
The TB coin will be used as the virtual payment currency in the TimeBox platform. This doesn't mean that you couldn't also use fiat currency to access the platform.
Grade: 3,5/5
Competition
There is some competition within the crypto-space in the likes of Siacoin, or even Storj, so it will have to deliver everything on time and to do some marketing in order to have a chance to reach the level of its competition.
Grade: 3/5
Hype
The Telegram channel has almost 30.000 users and their Twitter account has about 16.000 followers, which is very good and their presence on other social media is also very high. The project is rated 4,8/5 on ICObench.com, which also contributed to the big hype around it.
Grade: 5/5
Overall conclusion
TimeBox is a project with an all-star team, lots o hype and a low hard cap, but also a big pre-sale bonus (50%), but the biggest negative in my opinion is that it doesn't have a working product, which in this inflation of ICO's could really make the difference.
Final grade: 3,75/5 (decent)
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Also please always do your own research before investing in any token/ICO!
Thank you.