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#Blockchain All projects

Coins4Favors: Platform for favors around the world

Global marketplace and platform app for users to search and offer small mini-job services

stage Ended crowdsale

3.1 Rating

by 4 users


    KPLs

    • Employees7

    Team

    7
    man DR. JENS SCHMIDT

    CEO and Founder of C4F Ltd.

    PhD & M.Sc. Engineering, MBA, serial entrepreneur, Corporate Technology Consultant of $50 Bln company for IoT, Big Data, Blockchain

    man DENNIS HILLEMANN

    Chief Counsel & Legal Advisor

    One of the top graded German Lawyers with predicate exams, attorney at law since 2006, senior manager with KPMG Law in Germany.

    man NIKE HORNBOSTEL

    Marketing & Communications Director

    Experienced marketing and sales expert with strong business acumen and previous expertise in startup incubation and communication strategy.

    man UDO ELFERS

    Chief Financial Officer

    40+ Years of experience in German finance industry. Former head of corporate lending department & service center, bank manager at large Credit Union.

    man SHAHERYAR AFSAR

    Graphics & App Designer

    Experienced Graphics, Web and App designer with degrees in Business Administration, IT and Computer Science.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (60%)
    • PreSale (10%)
    • Bounty Program (5%)
    • Operations of the Coins4Favors system (15%)
    • Team (10%)
    Budget allocation
    • Marketing of our Coins4Favors system (40%)
    • Technical development (15%)
    • Operations costs (20%)
    • Legal and compliance (15%)
    • Contingency (10%)
    Details Indicators
    Token Symbol C4F
    Full Token Name FavorCoins
    Pre-crowdsale Start May 15th, 00:00 GMT+03:00
    Pre-crowdsale End May 31st, 00:00 GMT+03:00
    Crowdsale Start June 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or July 30th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 33690 ETH
    Token type utility token
    Domain registration date 2017-12-30
    Domain owner DomainPrivacyProtect.info, Domain Robot Ltd., 33 Ashley Road, Unit 1109 11/F Kowloon Centre, Kowloon, HONG KONG

    Cost of the token

    10000 tokens for 0.005 eth

    Price without discounts

    Bonuses

    Pre-crowdsale
    Bonus Dates Minimum purchase amount
    25% May 15 — 22, 2018
    10% May 23 — 31, 2018

    Accepted currency

    • Ethereum


    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

    4
    Alexandr Gonchar August 04, 2018
    Rating of project
    3.8

    Advantages

    The project represents a global platform-trading application for users who are seeking and offering small services on mini-works. It is controlled by blockchain technology with an instant and secure way of payment through its unique internal compensation system: The FavorCoins which based on ERC20 technology. The project brings blockchain technology to everyone and makes it possible to use it on a small scope as a method of payment with little financial risk. For the first time, the platform opens a global market for mini-vacancies, which is unrealized right now due to lack of a simple and secure compensation system that can be used by an ordinary person for non-commercial transactions.

    Risks and disadvantages

    The project has a good idea, but in order to talk about the real benefits of the project, it's necessary to see the working prototype of the project through which it would be able to see the effectiveness of the new approach; or it's still thought out not enough and requires further development.

    Comments

    I think that this project will gain success in the long term if there will be a working alpha version of the project and the positive results that can be shown. By using blockchain technology and cryptocurrencies it would be possible to pay for minor works all around the world thanks to small fees and high speed of transactions.

    James Young June 11, 2018
    Rating of project
    3.3

    Advantages

    I would consider that as a good long-term project, as crypto culture is still has a very limited audience. I definitely like the idea of the service and the way how the team is placing the project. The white paper has enough level of details and technical information, description of the potential expenses and the Team looks experienced.

    Risks and disadvantages

    Despite the positive points mentioned above, such type of projects have a very high-level of risk which is not covered anywhere. Also, I would consider engaging external advisors as there is a lot of similar type of services based on a standard technical stack.

    Comments

    Should be interesting to see the results of efforts in 3-5 years, as the idea itself is really amazing.

    Denys Serhiichuk June 03, 2018
    Rating of project
    2.0

    Advantages

    Besides detailed Whitepaper, consisting of 41 pages, there is also Onepage paper, where the basic features of the platform are outlined. There is a huge variety of social networks, as Instagram, Medium, Twitter, Youtube, Facebook and others.

    Risks and disadvantages

    Roadmap looks vague, as most of steps of platform development described not clear enough, I wish there would be more dates and specifics.

    Comments

    Overall, the idea is not new. There are many other projects, that connect job service. Bitjob is the example. Thus it has already a working product, which one cannot say about Coins4favors.

    Jordan Semanda May 15, 2018
    Rating of project
    3.2

    Advantages

    It will improve on service delivery to a vast sector of people of different cretariors and transparency is guaranteed because of the use of smart contracts and authenticity of the blockchain.

    Risks and disadvantages

    The problem solution might not be very competitive with the current projects in the market today meaning that it might attract a smaller number of investors. It might take a long time to earn profits.

    Comments

    This project has the capability to grow and take the minority market that might be in need of these services being provided at will grow to be profitable.


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