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#Blockchain, #Finance All projects

Setoken: Blockchain-based personal identifier data storage

We’ve built a platform to securely and decentrally store your digital identity

stage Ended crowdsale

3.3 Rating

by 8 users


    KPLs

    • Employees4

    Traction

    August, 2017

    Alpha platform-launch

    January, 2018

    Beta platform goes live (internal)




    Crowdsale details

    Distribution of tokens
    • Core phase of token sale (57%)
    • Project Team (12%)
    • Bonus Fund (10%)
    • Tokens presale (Round 2) (8%)
    • Tokens presale (Round 1) (5%)
    • Partners (7%)
    • Bounties (1%)
    Budget allocation
    • Branding and Marketing ($53)
    • Legal and Financial Overhead ($5)
    • IT Infrustructure ($12)
    • Development of authentication protocol ($29)
    • Bounty and Overhead ($1)
    Details Indicators
    Token Symbol SET
    Full Token Name Setoken
    Crowdsale Start March 26th, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or May 25th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, 1550 ETH
    Crowdsale Soft Cap Yes, 350 ETH
    Token type utility token
    Domain owner NOT DISCLOSED!

    Cost of the token

    40000 tokens for 1 eth

    Price without discounts

    Bonuses

    1st Round: 25,000,000 SET (5%) + 40% early-bird bonus
    2nd Round: 40,000,000 SET (8%) + 35% exclusive bonus
    Main Sale: 285,000,000 SET (57%) + 25% exclusive bonus

    Crowdsale
    Bonus Dates Minimum purchase amount
    15% September 10 — 22, 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

    8
    Alexandr Gonchar April 13, 2018
    Rating of project
    3.7

    Advantages

    The decentralized way of personal data storing is very claimed service if all security and confidentiality measures are observed. The project is quite interesting, and it's going to be demanded on the market.
    .

    Risks and disadvantages

    This kind of services is quite popular, so that's why we see very high competition in the blockchain data storage market and a lot of projects already working with a large number of customers

    Comments

    If the project's team can provide some unusual conditions for clients, I think the project would be successful in a short-term, but this is challenging task considering the number of companies in the data storage market.

    Natsumi Iwata April 05, 2018
    Rating of project
    3.7

    Advantages

    Risks and disadvantages

    Comments

    Phil Zander April 04, 2018
    Rating of project
    3.5

    Advantages

    Risks and disadvantages

    Comments

    Xiuli Wang April 04, 2018
    Rating of project
    3.5

    Advantages

    Risks and disadvantages

    Comments

    Veronika Arbisman April 03, 2018
    Rating of project
    2.7

    Advantages

    Platform is aimed to securely ad decentralize store users digital identity. Provides opportunity to mitigate identity theft and fraud, reduce costs and KYC processes time spending. Digital identity holders will be able to access services more efficiently.

    Risks and disadvantages

    You provide your bio-metrical data, digital identity. What are the measures to prevent them from being stolen? This is not the unique project of the kind and competitors are providing way more information.

    Comments

    Direct control of personal information, limitation and setting the % of shared information are of course attractive, but lack of details, absence of information about team, advisers, no press reviews and a lot of questions on technical side of project do not increase the trust in the project.

    Ladislava Chernik April 03, 2018
    Rating of project
    2.0

    Advantages

    Launched Alpha (though I do not see anywhere the results of its tests, audit)

    Risks and disadvantages

    Poor, unclear presentation
    How are you going to encrypt, protect your customers personal data? Where are the results of the audit?
    Why is there no information about the team? To whom should I entrust my ID?
    How are you going to make your platform to sustain such a volume of transactions to ensure the identification of all users?

    Comments

    There are a lot of questions and doubts about the technical part - and almost no answers. And this is in the matter of storing and encrypting personal data. Does not cause trust.

    Sofia Medda March 30, 2018
    Rating of project
    3.3

    Advantages

    The team launched their beta platform, so they may have some advantages compared to the competitors.

    Risks and disadvantages

    There is a little piece of information about the team... And there are no advisers.
    If I`m right this platform is meant to provide service to people, not to companies. But were $16 billion (which are mentioned in the Whitepaper) stolen from people? It seems too much.

    Comments

    The idea in not unique, but relevant. It all depends on realization. In this case we need much more information about the team.

    Jordan Semanda March 26, 2018
    Rating of project
    4.0

    Advantages

    Setoken encourage more users to open up to the internet, it will cut on expenditure by organisations with large data to employ DPO's Data Protection Officers.It will increase the number of online transactions. Piracy and fraud is definitely going to be dealt with since access to personal data and passwords is by bio-metrics.
    The project will attract many users hence increasing the token value.

    Risks and disadvantages

    Lack of a press team might not earn the project public loyalty.
    The project has competition from data blockchain applications like Datawallet.
    Accepting only one crptocurrency limits the expansion and growth. A lot is still desired to boost the statistics of the project on the internet.

    Comments

    Setoken encourage more users to open up to the internet, it will cut on expenditure by organisations with large data to employ DPO's Data Protection Officers. It will increase the number of online transactions. Piracy and fraud is going to be dealt with since access to personal data and passwords is by bio-metrics

    See more reviews

    FAQ

    Frequently Asked Questions

    What is SETOKEN?

    SETOKEN is a blockchain-based platform to store your personal identifier data such as your digital identity decentral and secure.

    What cryptocurrencies can I use to purchase?

    To buy SET you can use Ethereum, ETH. Please make sure you are sending your funds not from your Exchange Wallet.

    How can I participate in the SETOKEN Token sale?

    To participate you have to subscribe to our TokenSale Newsletter below. When TokenSale starts you will receive our Startletter with our Ethereum tokenaddress. Send the amount of ETH you want to - after the TokenSale is finished you'll get your SET Tokens.


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