ICO review of AIDA (AID): valuation, analysis, token cost | Digital Rating Agency
We will call you soon!
Low level of investment attractiveness
High default risk in the short term
C
11/14/2017
Low
Quality Rate
No detailed scores
ICO
finished
Start: 10/12/2017
End: 08/01/2018

AIDA

About

Mission: development of a unique automated sales service that will solve more than 90% of all existing market problems.

Rate history

The project’s objective is to develop an automatic building materials trading platform by uniting customers, suppliers and logistic companies in one single system without any third-party involvement. Judging by the WP text, the project is insignificant. It is written in an illiterate way, with slang expressions. The author of the chapter under the headline “Financial plan” fails to bring home the main idea. The usage of blockchain technology is not explained properly. At the moment there is an array of trading platforms, which can function without it. Nowadays the team cannot boast of MVP – it does not exist. Our request to provide a GitHub code was declined. Also, the tokens turnover and their price increase in the long run are not substantiated. The developers claim, that before ICO they are going to launch a fiat currency platform and only after that they are to start switching to blockchain. The question is raised: “If the service works perfectly on the base of fiat currency, will there be any transition to blockchain at all?” The project’s telegram channel is vapid. The team either tend to be superficial in their answers or simply ignore replying. The juridical structure of the company is far from being transparent, the developers conceal the information on the topic. There is no any mention of any preventive measures, which would help to avoid issues with ICO market regulators. Face-to-face communication does not bring any results because the information is not commented. All members of the team are very young, and it is hardly believable they are competent experts who have already had some experience in handling projects of this kind. It seems that the team have not thought too much about the appropriate introduction of blockchain technology in terms of their project and lack necessary knowledge in the field.
Token
AIDA

Downloads and links

Website
Whitepaper
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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com