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#Blockchain All projects

TrustBar: Decentralised cryptocurrency exchange

Allows users to swop tokens from one blockchain to another

stage Ended crowdsale

2.8 Rating

by 5 users


    KPLs

    • Employees9

    Team

    9
    man Lillian Ho

    CEO

    An all-round IT specialist with over 14 years in projects and management experience. Academic achievements include a Masters in Computer Science Cum Laude with experience in A.I research in and computer security.

    man Bheka Mchunu

    COO

    Crypto currency enthusiast with more than 18 years development experience in banking and manufacturing and over 5 years’ experience in the blockchain space, having mined both Ethereum and Bitcoin.

    man Mark Smith

    CFO

    Management consultant with 20 years’ experience in delivering projects and solutions and a blockchain enthusiast.

    man Luke Bowes

    Lead Developer

    A passionate full-stack web and application software engineer with over 18 years’ experience in enterprise-grade financial systems. He holds a NDIT and MCPD from Microsoft and is a mobile application Blockchain developer.

    man Tiyapo Moseki

    UI/UX

    Digital designer well versed in user experience and interaction design.

    Wesley McRae

    Integration Specialist

    Andrew Kay

    Community Manager

    Danielle van der Merwe

    Community Manager




    Crowdsale details

    Distribution of tokens
    • Crowdsale (60%)
    • Team (20%)
    • Foundation (10%)
    • Advisors (2%)
    • Community (8%)
    Budget allocation
    • Operations and development (55%)
    • Marketing (20%)
    • Establishing partnerships (15%)
    • Legal costs (5%)
    • Reserve (5%)
    Details Indicators
    Token Symbol TSB
    Full Token Name TrustBar token
    Pre-crowdsale Start August 31st, 00:00 GMT+03:00
    Pre-crowdsale End September 30th, 00:00 GMT+03:00
    Crowdsale Start October 1st, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or October 31st, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $35000000
    Crowdsale Soft Cap Yes, $10000000
    Domain owner Individual

    Cost of the token

    1 token for 0.33 $

    Price without discounts

    Accepted currency

    • Bitcoin
    • Other


    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

    5
    Jordan Semanda August 24, 2018
    Rating of project
    2.7

    Advantages

    The team holds a significant number of tokens and this gives it the trust for the involved members because it is sign of commitment towards in the sight of the prospective investors. trustBar’s protocol has the ability to match traders with common interest with the help of its integrated system matched to various blockchains. The social media associated with the project has remarkable traction.

    Risks and disadvantages

    The project might not be able to deliver as promised because it doesn't have a market it is serving already and therefore getting into the market sphere will be a hustle and also getting a loyal market to serve.

    Comments

    Durability of the project will entirely depend on the continuous productivity and the involvement of the investors which is why the team has to focus on keeping them content them can be done through diversifying the investment opportunities on the platform.

    William Anderson August 20, 2018
    Rating of project
    3.0

    Advantages

    The platform offers a very unique service one that has not been explored by other ICO startups this will give it advantage including market availability and monopoly these above mentioned factors shall provide it a very productive return on profits.

    Risks and disadvantages

    The road map hasn't been well discribed and this, portrays incompetence and luck of direction for the exact tasks to be carried out in oder to improve the project. The reserve funds according to the budget are small and might not be adequate incase of an income shortage.

    Comments

    Diversity in the investment ventures for the potential clients makes the project way more reliable and also guarantees its sustainability.

    Anne Bryn August 19, 2018
    Rating of project
    2.8

    Advantages

    The prices aggregated from different exchanges will be available on TrustBar exchange. TrustBar token holders will have dividends from the profits generated from the exchange. Tokens not sold during crowdsale will be paid out to the Community of Holders.

    Risks and disadvantages

    I think a good road map would also contain the information about establishing partnerships, testing early versions of the product and product promotion. The startup has no advisers.

    Comments

    The startup has an interesting idea of creating a new kind of decentralised crypto exchange. Meanwhile the advantages of using such a platform are questionable. Probably it will be cheaper or faster, but I'm not sure.

    Sofia Medda August 17, 2018
    Rating of project
    2.8

    Advantages

    Token holders with over 3000 TSB tokens won't pay any trading fees, which will incentivize active users to hold their tokens and is intended to lead to the decrease of the total amount of tokens in circulation. The total number of tokens will be limited and won't be increased.

    Risks and disadvantages

    Marketing strategy is not presented, there are no mentions about marketing in the roadmap. Having such a roadmap it's impossible to see in detail how the project will be developed. There is no information about founders.

    Comments

    The project's goal is to enable cross-chain trading with a single click and through one transaction. Initially the platform will be created as a set of exchanges allowing trading only within a native blockchain, and then it will be integrated with multiple blockchain to allow cross-chain trading. I think it's a useful and competitive high demand product. But there is no a clear strategy of project's development. Token economy may prove a disappointment, as utility is almost not described.

    Denys Serhiichuk August 04, 2018
    Rating of project
    2.5

    Advantages

    Whitepaper has only 20 pages. That is definitely not enough to explain all platform features. The project has precise information about team members, advisors and partners. Among the last ones, there are such big companies as NEO, and Entreprise Ethereum Alliance.

    Risks and disadvantages

    A significant drawback is the lack of the working product. In addition, marketing is also a poor side. There are not a lot of social media platforms, where people can get information about the project. For example, nothing mentioned about thread on Bitcointalk. Moreover, there are no bonuses for early investors.

    Comments

    The idea of a decentralized crypto-exchanger is not new. There are many competitors in that sphere. Thus, it will be difficult for the platform to succeed without a working product.


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