Utility token based on a community of 100k+ strong crypto enthusiasts and experts.
Crypto-related projects approach No BS Crypto to be rated and reviewed by a team of vetted and trusted, publicly anonymous reviewers.
Part of the community bids on a certain ICO to be reviewed. A reviewer reviews the project and gets paid in ETH. About $100 per reviewer is expected to be earned from here.
NOBS token are used to bid on projects.
Token purchase sources: Exchange, airdrop, community participation.
There will be different reviewing categories. White paper analysis, Tokenomics analysis, Github analysis, Smart contract analysis, Founders and advisory team research, final report assembling.
Once all reviewers have finished their respective assignments, their findings are sent to a reviewer in charge of data compilation and assembly into a clean and standardized report in PDF format, with a final numeral grade given to each project.
Reviewers are then paid based on their expected amount going into the project. Higher skillsets will be compensated more generously than low skillsets. Reviewers will collectively earn 80% of the fee charged by No BS Crypto to the crypto project. 20% will be retained by No BS Crypto for overhead.
Each reviewer will be categorized internally and based on their skill set. Reviewers won’t be publicly known so this reduces the risk of getting bribed for high ICO scores.
This rating and report will be posted on noBScrypto.com, within its respective category for the world to see.
System seems more complicated then it should be.
Reviewers on projects won’t know each other to prevent collusion.
Extra revenue model: Projects that get favorable review can pay extra and be promoted on the website or social medias.
The teams first product was 1-4 week algorithmic signals. Then ICO reviews, now this token. They’re going after what the market is demanding.
Planning to add to exchanges in summer 2018.
Only listed on 1 exchange at the moment. The exchange they are listed: Bitforex seems to have issues.
70K members in Telegram, 2K members in Discord, 80K on Twitter.
Ronnie Moas is following the founder Chris.
Total Supply: 10,000,000,000 NOBS
10% for founders & advisors, 25% company operations, 65% for community.
37431 addresses hold the token, pretty good decentralization of the tokens. All distributed via airdrops. (Via ethscan)
Max valuation atm is $10M, seems in the appropriate range for this project.
Strong and active community can get this coin listed in a lot of exchanges.
Team has the relevant experience in differentiating scam projects from nonscam ones.
The company listed in their whitepaper: NO BS Crypto, LLC, couldn’t be searched and found.
McAfee is an advisor. (Good influence for the initial stage of the project, bad influence now)
Team doesn’t have any idea about the big picture after the differentiating the scam stage.
Founder served as a fulltime missionary in Hungary church for 2 years.
Studied weak business programs in low tier universities.
Previously founded local phone repair and phone recycling company chains. Sold businesses and made $9M in sales.
Founder seems to be good at operations.
Developer: Justin Waite, competent JS developer. Is working as CTO on another startup at the moment. Actively pushing code. Not working full time on NOBS. Also was a missionary.
Matthew Waite listed as software developer in the whitepaper. He is listed as a community manager in the website. But is only studying engineering at the moment.
Kirk Salisbury their marketing guy seems like the reason they’ve gathered such a community. But is working as a webmaster in Utah.
They claim to have an anonymous PhD guy.
Solving a real problem, but not a real decentralized project. Its crowdsourced information gathering with a centralized company calling the shots and making revenue.
No crypto-influencer recognizes the project as legit. So there are social and branding challenges after some scale.
High possibility for 2x-5x. Maybe 10x. Probably won’t ever go 100x.