Snapparazzi: Everyone is a reporter
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CTO & Co founder
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ICO and Business Strategist
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ICO Strategic Marketing and Consulting
- Crowdsale (70%)
- Reserve (10%)
- Team (9%)
- Advisor (6%)
- Bounty/Airdrop (5%)
- HR & Development (50%)
- Marketing (30%)
- Reserve (10%)
- Administration (5%)
- Legal (5%)
Cost of the token1 token for 0.18 $
Price without discounts
Rate the project
Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users2
I like the concept and I convinced that this will be a comprehensive replacement of the current solutions. At least the white paper says a lot and the Team is ambitious. The idea is quite straightforward and properly explained both via the one-pager and white paper. Advisors surrounded this project are also capable and famous, so as I mentioned previously, this will be a very interesting solution.
Risks and disadvantages
It's still unclear a complete me how the budget will be allocated, as I was expecting more precise breakdown rather than common explanations. Considering that the team didn't introduce a demo version of the product, I would at least ask about the HR&Development structure.
Overall, I like the project and how everything is organised, it's very nice and ambitious, which should bring unique values in the social media. However, some details such as tokens allocation and the budget breakdown could be reconsidered, and as was mentioned, the team needs to work hard and rapidly on the demo.
Besides regular Whitepaper, there is also One Pager, where the basic platform features are outlined. Roadmap has precise information. It is described up to months. Founders use a system of bonuses to motivate investors to take part in the tokensale as soon as possible. So, people will get more tokens. Only 10 % of all tokens are in reserve fund. It is good that the share is little, so token rate on the market will not be easily manipulated.
Risks and disadvantages
When entering the website, one can see that connection is not secured. Thus, there is no information about partners. In addition, nothing mentioned about MVP.
Getting benefits for sharing videos is a good idea, however it is not fully clear how it will be practice. For now, I have not seen any practical implementations my the team.
Is there a legal entity for the company and where is it registered?
Snapparazzi Ltd is legally registered in Malta.
What payment methods do Snapparazzi accept?
Snapparazzi will accept ETH, BTC, and wire transfer in euro/USD.
Which wallets support Snapparazzi’s tokens?
SnapCoin is an ERC20 token running on the Ethereum Blockchain, therefore all the Ethereum wallets will support SnapCoin.
Monetary strategy: How are the finances that are raised going to be used?
- 50 % of the funds raised will be used to recruit qualified professionals into our team. This will allow for the development of the application and the blockchain platform. We will also expand our existing sales and marketing team to cater for global presence.
- 30 % will be used for marketing campaigns to promote Snapparazzi.
- 5 % will be used for administration, including the operating expenditure for our global office network.
- 5 % will be utilised in legal expenses to ensure compliance and adherence to regulations.
- 10 % will be kept as a reserve by Snapparazzi.
What are the specific company objectives to be achieved within 12 months?
During the first 12 months, Snapparazzi will be able to release the Snapparazzi App on smartphone, the web platform and attract users. Alongside this, Snapparazzi will continue to grow by employing the appropriate team with the skills to expand the product through targeted marketing campaigns and sponsorships.
Can Snapparazzi investments come from any country?
Citizens from USA, North Korea, and China are not able to participate in the Snapparazzi ICO.
Can you say more about the company’s regulated markers (GDPR)?
We take our responsibility very seriously with regards to the private lives and information of our community, we will ensure that we comply with the new GDPR regulations.
What are the procedures used by Snapparazzi to take care of the know-your-customer (KYC) process?
All participants in the Snapparazzi ICO must upload proof of their identity.
When will the tokens be released? Are they going to be utility tokens?
The SnapCoin token will be released after the end of the ICO and sent directly to the wallet provided by the customer.
Can you elaborate on the hard and soft cap?
The Hard cap is 59million USD, and the soft cap is 5 million USD.
Will any more tokens be issued after the crowdsale?
No, all unsold SnapCoin will be burnt.