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#Blockchain, #FinTech All projects

CellBlocks: Fair economy for Inmates in the Prison System

CellBlocks is a digital solution to an outdated & sometimes corrupt monetary system within correctional institutions

stage Ended crowdsale

4.1 Rating

by 7 users


    KPLs

    • Employees10

    Team

    6
    man Jonas Brown

    Founder

    Jonas is a highly experienced fund manager with a
    focus on the crypto markets.

    man Naomi Rogers

    COO, Co-founder

    Naomi is an early backer of the ethereum project and a major advocate for Bitcoin in the Denver area.

    man Robert Tucker

    Prison Communications

    Robert is a 5 year veteran in the Florida State Prison System. Robert's misson is to help bring CellBlocks into the State Prisons.

    man Sukhen Bar

    CTO

    Sukhen is the CTO working on the infrastructure, database managment, security and design/coding of the CellBlocks network.

    man Maria Alfano

    CPA, CFO

    Maria is a CPA and forensic accountant currently with Ernst and Young. Maria has years of experience in financial accounting and audits.


    Advisors

    4
    man Edward Scott Bales

    CEO - Justice Solutions of America, Inc.

    Mr. Bales is one of the pioneers of the Federal & State Prison Consulting and Advocacy Industry.

    man Peter Borenstein

    Attorney​ and Founder Restorative Justice Fund

    Peter is a California based attorney who helps incarcerated people protect and manage their assets while in prison. He also helps them recover their property when it has been stolen from them as a result of their long-term incarceration.

    man David Ramirez

    Blockchain and Smart Contract Developer

    David is a solidity smart contract developer and computer science teaching assistant at Oregon State University. David has extensive experience in smart contract functionality.

    man Kaushik Ghosh

    Sr. Blockchain and Smart Contract Developer

    Kaushik is a blockchain consultant, Technical Implementation and smart contract developer with extensive experience using Solidity.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (75%)
    • Founders and Team (9%)
    • Inmate Bounty (7%)
    • Advisors (3%)
    • Bounty (3%)
    • Concoin (3%)
    Budget allocation
    • Distributed to Community (75%)
    • Founders and Team (9%)
    • Inmate Bounty (7%)
    • Advisors (3%)
    • «Bounty» campaign (3%)
    • Concoin (3%)
    Details Indicators
    Token Symbol CLBK
    Full Token Name CellBlocks Token
    Pre-sale Start April 1st, 00:00 GMT+03:00
    Pre-sale End April 25th, 00:00 GMT+03:00
    Pre-crowdsale Start April 26th, 00:00 GMT+03:00
    Pre-crowdsale End May 30th, 00:00 GMT+03:00
    Crowdsale Start June 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or June 10th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $12000000
    Crowdsale Soft Cap Yes, $1000000
    Token type utility token
    Domain registration date 2017-12-21
    Domain owner Registration Private, Domains By Proxy, LLC

    Cost of the token

    1 token for 0.1 $

    Price without discounts

    Bonuses

    Presale bonuses (April 1-April 25):
    Buy amount 10,000+ ..... Get +33%
    Buy amount 7,500+ ....... Get +26%
    Buy amount 5,000+ ....... Get +23%
    Buy amount 75+ ............ Get +18%

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    15% April 26 — May 05, 2018
    10% May 05 — 12, 2018
    6% May 12 — 18, 2018
    3% May 18 — 30, 2018
    Crowdsale
    Bonus Dates Minimum purchase amount
    15% April 26 — 26, 2018
    10% May 06 — 06, 2018
    6% May 12 — 12, 2018
    3% May 18 — 18, 2018

    Accepted currency

    • Bitcoin
    • Bitcoin Cash
    • Ethereum
    • Litecoin
    • Waves


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    7
    Kate Konovalova April 14, 2018
    Rating of project
    4.0

    Advantages

    The project will help prisoners protect their money from corruption and fraud. The team has good experience to implement this idea.Can make the translation much easier.

    Risks and disadvantages

    Does the state support such a platform. The distribution of tokens and the budget is not presented, it is important for investors.

    Comments

    The project has no analogues, so there are great chances to interest investors, but the road map shows long terms of implementation.

    Anne Bryn April 13, 2018
    Rating of project
    4.0

    Advantages

    Corruption in this sphere may be reduced thanks to this project. Inmates life may become easier: they can have their cryptocurrency without delay and nobody can steal it. Both inmates and correctional institutions in US are interested in realization of this project.

    Risks and disadvantages

    The pilot program is planned to be released in December, which seems quite a long time to me. I don`t know why the team didn`t give us any information about budget`s allocation, which is so important for investors.

    Comments

    I think the best thing about this project is a real interest to it. The presentation is quite good too. I don`t think though the realization will be easy for the team.

    Christine Collins April 11, 2018
    Rating of project
    4.2

    Advantages

    Conveniently, you can now make transfers quickly, as opposed to transferring to credit cards or debit accounts. The transactions themselves are cheaper.
    I like the focus on protecting the means and safety of the convict, fighting corruption and stealing. For the family of prisoners this is an undoubted plus.

    Risks and disadvantages

    A similar project has already failed to attract the necessary funding. Now only two prisons are considered starting with a trial version of the program.
    Even with the successful implementation of this program, the old corrupt scheme that suits both speculators, prisoners, and the administration will work in parallel. There must be a global transformation of society for the adoption of this system.

    Comments

    An interesting project, which at the moment has no analogues and competitors.

    William Anderson April 11, 2018
    Rating of project
    3.3

    Advantages

    Cell blocks's CEO is experienced in the filled of cryptocurrency therefor he will effectively contribute to decision making for the company. A variety of cryptocurrencies are accepted which brings in numerous investors with alternate digital currencies to invest in the project. The target market being aimed at is unexplored, this will enable them acquire a large market share. The bonus scheme is good and will bring about high demand for tokens on the exchange and limited supply hence making the token more valuable.

    Risks and disadvantages

    Creating advertisements on different forums is key and has not been widely explored by the PR correspondents, such negligence will result into static progress of the venture as the awareness will be limited. This kind of initiative is most likely to hinder the administration of justice to the convicted felonies their are high chances that many will not welcome the idea with open arms. It lucks diversified activities of investment this greatly cuts down on the expected profits.

    Comments

    This is a humanitarian move that will enable the people locked away from society make a life from within the cells and until they have served their sentence. It however has technicalities that might affect its smooth running like compliance from several governments where this project plans to reach, its service is also limited to inmates which opens it to more risk of loss in case this particular item doesn't work out in a nut shell its a good move but far from profiting to the investors

    Veronika Arbisman April 04, 2018
    Rating of project
    4.5

    Advantages

    Reduce the violence connected with money transfer and keeping it inside the prison. Costs are way lower and it is much faster.Accurate transaction records will allow to see details and prevent crimes. Provides time saving in all operations and cuts possibility of funds been taken by any third party. Eliminates delays and generate additional essential revenue for state each month.

    Risks and disadvantages

    Main risks are connected with organization and implementing of a project. In any case for sure there will be a number of jails happy to participate in project.

    Comments

    It is a good alternative to a slow and inefficient prison financing network. Perfect for US prison system. For the other prison systems may be not applicable as each state has its own way of organizing it. However, the project can be really of use inside of United States.

    Ladislava Chernik April 02, 2018
    Rating of project
    4.0

    Advantages

    The aim of the project is good and noble. if everything works out, it will be good for everyone

    Risks and disadvantages

    The idea of the platform seems little bit naive and not compatible with the current system

    Comments

    In general, such a project should be done only with the approval and support of the state. There are so many things that can go wrong if the administration does not like something. And then investors simply lose their money

    Jordan Semanda March 26, 2018
    Rating of project
    4.8

    Advantages

    Cell-Blocks creates financial security for inmates. It makes the inmates be optimistic about the future when they get out of prison. it will also reduce on crimes carried out in prison. faster transactions and reducing on labor costs.The project allows a number of cryptocurrencies. The team and advisers look to be efficient.

    Risks and disadvantages

    The easy accessibility of money to inmates might promote crime activities.The project is likely to face resistance from some governments.

    Comments

    The project is a good one its also very considerate it gives opportunities for those locked up to carry on with life, it will be welcome to society with authentic business going on it will allow many to reform effectively.The value of cellblock tokens will increase drastically.

    See more reviews

    FAQ

    FREQUENTLY ASKED QUESTIONS

    WHEN DOES THE CELLBLOCKS ICO START?

    The token sale starts on April 1, 2018 and ends on June 1 (or sooner, if the token issue cap is reached). If you need to buy more than 100,000 tokens before the beginning of the ICO, please contact us ([email protected]).

    WHAT ARE THE CONDITIONS OF THE PRE-SALE?

    The pre-sale starts on April 1 and ends on April 25. You can receive up to a 33% token bonus for purchases during this period, i.e., if you buy 100,000 CLBK tokens, you will receive a bonus 30,000 CLBK tokens, so in total you’ll get 130,000 CLBK tokens. If you need an exclusive offer, please contact us ([email protected]).

    HOW CAN I CONTRIBUTE TO THE CELLBLOCKS ICO?

    Supported payment methods are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and wire payments. First you need to register an account on our book-building platform starting on March 15 2018.

    IS THERE A MINIMUM AMOUNT OF TOKENS TO BUY?

    Minimum token purchase amount during the token sale is just 750 CLBK tokens.

    WHAT PRISON WILL BE DOING THE PILOT PROGRAM?

    All we are saying at this time is we have been in talks with a state prison in the northern part of California as well as a private prison in Colorado.

    WHY DID CELLBLOCKS AQUIRE CONCOIN?

    We were an early stage advocate of ConCoin and saw they were lacking the funding to make their vision come to life, so we made the offer to take over their company, so we would not have competition.


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