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#Blockchain, #Finance All projects

World Coin Network: The future of Middle Eastern cryptocurrency

World Coin Network will help leapfrog 85% of the unbanked Middle East into a new digital era of wealth management, cryptocurrency,

stage Ended crowdsale

3.4 Rating

by 3 users


    Team

    5

    MOHAMMED MAQBOOL

    CO-FOUNDER

    DANIEL ASHE

    CO-FOUNDER & CMO

    PAVEL RUBIN

    BLOCKCHAIN DEVELOPER

    ALEXANDER MISUNO

    MOBILE DEVELOPER

    PHILLIP MCCARTY

    UX DESIGNER


    Advisors

    5

    ZUBIN MOWLAVI

    ADVISOR

    MOHAMMED ALHASSAN

    ADVISOR

    BOJAN JOSIC

    ADVISOR

    JOSH BIGELOW

    ADVISOR

    ROB RUKSTALIS

    ADVISOR


    Crowdsale details

    Distribution of tokens
    • Presale (30%)
    • Bounty Programs (2.5%)
    • Referral Rewards (2.5%)
    • Reserved (15%)
    • Lending (15%)
    • Team (15%)
    • Other Expenses (20%)
    Details Indicators
    Token Symbol WCN
    Full Token Name WCN Coin
    Crowdsale Start March 16th, 00:00 GMT+03:00
    Crowdsale End April 16th, 00:00 GMT+03:00
    Domain registration date 2017-08-31
    Domain owner Direct Privacy, Domain Name Proxy Service, Inc, P.O. Box 6592, Metairie, LA, UNITED STATES

    Cost of the token

    1 token for 0.29 $

    Price without discounts

    Bonuses

    Round A, the price is $0.21 per token.
    Round B, the price is $0.29 per token.
    For all phases, investments greater than $10,000 will be given a 20% token
    Bounty bonus.


    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

    3
    Alexandr Gonchar May 14, 2018
    Rating of project
    3.8

    Advantages

    The project creates its own cryptocurrency to ensure the work of the Middle East regions, which can't use banking services. In addition, the team of the project provides an opportunity for all comers to create its own cryptocurrency. Quite a relevant thing with a good and longterm perspective.

    Risks and disadvantages

    The general and theoretical description of the project is quite interesting and relevant, but if we start looking deeper, we would see the lack of integration of this idea into real life. For example, what is the rate for conversion of this cryptocurrency to ordinary money and how it will be done; who will issue a permit for the project to use cryptocurrency in certain countries.

    Comments

    I can't see the prospects for this project, even with all the urgency of the problem. Completely lacking the scheme of phased integration of the cryptocurrency economy into real life. The possibility of accepting a new coin by various companies in the Middle East is very small; developers or authoritative businessmen aren't standing behind this coin.

    Denys Serhiichuk April 07, 2018
    Rating of project
    2.5

    Advantages

    One region, particularly Middle East will be unified by one financial network, where all users can pay with one cryptocurrency.

    Risks and disadvantages

    For creating a such project ICO is not needed. Also, it is not clear why this token is better than its rivals. There are also no guarantees that governments of Middle East will start using it.

    Comments

    The idea is not fully clear. I do not see benefits if this token over other cryptocurrencies.

    Jordan Semanda March 30, 2018
    Rating of project
    4.0

    Advantages

    It will help those with out people in the middle east to have sufficient banking system and financial management. The project has a target market that it can effectively focus on and exploited. The ratio of the WCN token to eth is good for profitable business. The project will solve the prevailing economic problems of unstable economies and inflation. The platform provides for lending to the people of the region to increase on development in the region , profits gotten from the lending will increase on the cryptocurrencies stability.

    Risks and disadvantages

    The ads from the traffic statistics are extremely low this will affect prospected growth. The project will need to carry out effective sensitization to the target market which might have little or no knowledge about the digital currencies. Acceptance of only one cryptocurrency limits potential growth.

    Comments

    The initiative is on a regional basis which encourages its growth. It focus on diversifying the cryptocurrency that is allowed in the platform which will widen its market base. The project is very competitive in the market and is targeting a fresh market base making its success inevitable. Ethereum is a highly used crypto currency most ICO's which means that its value will be greater in the not so distant future, implying that the project is on the right path to victory. The project has competitive marketing strategies such as integration into untapped markets in the middle east. Worldcoin network will also allow the growth of the blockchain system of the digital currency.


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