ICOrating

CROWDCOINAGE Basic Review (https://crowdcoinage.com/)

ICO dates (12.02.2018 - 12.03.2018)

Web: icorating.com

Email: info@icorating.com

Twitter: @IcoRating

Project details

Name: CrowdCoinage

Ticker symbol: CCOS

Project type: Infrastructure, Cryptocurrency

Extended company description: A decentralized platform providing financial

services for ICO campaigns.

Company: CrowdCoinage OÜ

Website

Whitepaper

ICO details

Public ICO start: 12.02.2018

Public ICO end: 12.03.2018

Token Sale duration (weeks): 4

Token type: ERC20

Token emission: 250,000,000

Token available (Pre-Sale + Public ICO): 125,000,000

Investment goal: development (see “Development Plans” chapter)

CCOS price: 1 ETH = 10,000 CCOS tokens

Accepted payment: ETH

Bounty: Program active until March 12, 2018

Token role: functional

Team

Team (number of people): 10

Advisors and partners (number of people): 6

GitHub

Project information

CrowdCoinage is a decentralized platform providing financial services and ICO

campaigns.

The CrowdCoinage Operating System will offer a wide range of financial services

based on blockchain technology for the cryptocurrency market. CrowdCoinage will

stimulate the blockchain economy by providing an operating system for conducting

ICO campaigns and thus helping to create a strong market, as well as providing

loans and insurance services.

The CrowdCoinage OS will provide the following services:

• Conducting of ICO-campaigns:

o search for the necessary information and personnel required for an

ICO.

o interaction with exchanges.

o technical support: operating with blockchain and smart contracts.

• Communication between users.

• Market analysis.

• P2P lending.

• Exchange and storage of currencies.

• Insurance (upon obtaining a license).

• Public APIs.

• Remote operability (e-residency).

Advisors:

Christopher Matthew Spencer (LinkedIn) - Business consultant. International

Business Consultant at Kathy Ireland Worldwide, President of Spencer Co.

Edvin Parisalu (LinkedIn) - Financial advisor. Financial manager of Car Rental

Gateway Limited, co-founder of K & M Pharma OÜ, previously member of the board

of Upsteem.com LLC, Financial Manager at Upsteem.com LLC;

Kaupo Lepasepp (LinkedIn) - Legal consultant. Partner, board member, attorney at

SORAINEN, previously attorney at Teder, Glikman & Partnerid, Aivar Pilv Law Firm.

Peeter Kruusvall (LinkedIn) - Strategy consultant. Partner of Optimist Public,

consultant and partner of Meediaportaal OÜ, previously consultant to PR-agency

JLP.

Terence Seow (LinkedIn) - Managing director of Bank of Singapore.

Mervik Haums (LinkedIn) - Blockchain consultant. Web skills developer at

NewGenre Business Solutions, project manager at IdeaKloud, Consultant Press

Release Center.

Partners: N/A

Investment attracted: N/A

Summary

The project features experienced IT and software development specialists. By the

4th quarter of 2019 it is planned to launch a second ICO to finance future products to

be integrated with the CrowdCoinage financial ecosystem.

Strengths of the project:

• A professional team, including an experienced development team.

• The target segments are developing dynamically; this is helping the project

gain the attention of the blockchain community.

• The project has a working MVP.

Weaknesses of the project:

• Several business models are offered, focusing on several client segments,

which could increase the project’s market scope but will require additional

development costs.

Details in the relevant sections of this review.

Market and Industry

According to Coinschedule, the amount raised by ICOs during 2016 was more than

$96 million, over 46 crowdsales. In 2017, this amount increased fivefold and reached

$3.6 million, with about 230 ICOs conducted.

According to an Infoholic Research LLP forecast, the cryptocurrency and blockchain

market will grow at a rate (CAGR: 2016-2022) of 35.2% over the next 5 years.

Consequently, we expect an increase in the number of ICOs conducted, which is

clearly positive for the potential development of CrowdCoinage.

According to Statista, the global market for peer-to-peer lending will be worth $234

billion in 2018. Based on the average annual growth rate (CAGR) given by Statista

(56%) and Technavio (53%), we expect that the potential project market will be over

$360 billion by early 2019 (market growth is expected to be $1 trillion by 2025

[Statista]).

[https://www.coinschedule.com/stats.php?year=2017],

[https://techcrunch.com/2017/09/07/ico-report-q2-coindesk/],

[https://www.infoholicresearch.com/report/cryptocurrency-and-block-chain-market-

trends-2016-2022/], [https://www.technavio.com/report/global-miscellaneous-peer-

peer-lending-market], [https://www.statista.com/statistics/325902/global-p2p-lending]

According to the team’s analysis, it is expected that the P2P lending market will grow

at a rate of 48.2% per year (CAGR: 2016-2024).

Comments: The project’s proposed segments for its business are showing high

growth rates. As already noted, this has a favorable effect on the project's release.

We believe that CrowdCoinage has every chance of occupying a niche in the

crowdfunding market as well as in the market for additional services for technical

projects.

Competitors

The white paper identifies the following competitors in respective market niches:

1. P2P lending and banking services:

Change - combines a wallet, a payment card and a marketplace, offering

transparent, inexpensive banking services.

Polybius - a cryptocurrency bank.

2. In addition, there are the following:

Crypterium – a crypto bank featuring contactless payments available to all.

Everex - a platform enabling payments in cryptocurrency, with exchange and

microfinance services.

Utrust - a platform enabling payments in cryptocurrency, instant conversions and

transfers.

There are also Rpay, Meridian, Pundi X and Bankex.

3. Maintenance of ICO processes:

Ambisafe - a platform offering a full range of services in support of the ICO

process, covering legal, marketing and technical support.

KickICO - a platform for organizing ICOs.

Fundyourselfnow - a platform offering crowdfunding services, various services for

supporters of projects, support and advice for projects and mentoring - with low

transaction rates.

ICObox - this platform offers an integrated approach to the organization and

conduct of ICOs, with 3 main types of service offered: Legal, marketing and

technical.

Blockstarter - a platform designed to provide technical solutions for ICOs.

Conclusion: The key feature distinguishing CrowdCoinage from its competitors is

the project’s combination of services offered via a single platform.

Engineering features of the project

CrowdCoinage's vision is the creation of a decentralized, borderless OS for all types

of financial product and service, and where anyone anywhere can either be a service

provider or consumer of said products and services.

The platform is built on the basis of blockchain technology using smart contracts.

The backend runs on NodeJS and data is stored in MongoDB. Docker containers

help improve the development and deployment cycle of the system. Websockets are

used. Mocha automatic unit tests and labor resources are used to filter out any

errors in the codebase.

VueJS is the main framework of choice for the frontend, coupled with the latest

technologies such as ES6, Webpack, Babel, SSR, Gulp, HTML5, CSS3, etc. SSR

(server-side rendering) boosts the initial loading time for the application which means

that users can interact with the application more rapidly.

Sentry offers the best user experience by monitoring real-time crashes, boosting the

platform’s efficiency. Implementation of Hotjar enables better understanding of the

user base. [https://nodejs.org/en/], [https://www.mongodb.com/],

[https://www.docker.com/], [https://vuejs.org/], [https://www.hotjar.com/]

Technical description

The platform includes the following components:

• ICO campaigns: Support for companies for all stages of their ICO - technical

(smart contracts) and informational (search for and provision of all necessary

information).

• Community: finding and communicating with like-minded people, partners,

finding jobs.

• e-Residency facility will enable (1) creation of a company from any location;

(2) remotely manage a business, document signing, etc. (3) KYC.

• Analytical tools: Analysis of the market situation, investment.

• P2P lending: (1) Client applies for a loan. (2) The client's rating is checked by

APIs. (3) investors determine amounts they are willing to lend. (4) Loans are

issued upon collecting the entire amount required; if not possible, collected

funds will be returned to investors.

• Wallet: enabling conversion and storage of multiple currencies. There are

plans to obtain an Electronic Money Institution (EMI) license for issuing cards.

• Insurance: This facility will be available when the required license is granted

and will be offered via smart contracts, IoT and AI.

API interface:

Based on the project's value proposition, we single out the following types of

potential user.

• Investors.

• Startup Accelerators.

• Talents.

• Borderless Financial Services.

Comments: The project already has an MVP. Clients can use a variety of services on

a single platform.

Technical roadmap

With the future development of technology and data capacities it is planned to

implement the following:

• Q3 2018: Beta testing of the ICO platform with community approval and an

investor vote.

• Q4 2018: Launch of the open version of the ICO platform with integration

into the labor and services market; support for the e-residence program.

• Q2 2019: Launch of the desktop and mobile wallets and the API for ICO

campaigns.

• Q3 2019: Integration for the e-residence application and registration of EU

companies programs.

• Q4 2019: Launch of the second ICO towards financing future products

available in the CrowdCoinage financial ecosystem.

Comments: The project team has provided a detailed plan for the platform’s

development; the team features many developers, including those with blockchain

expertise. It may be assumed then that development will be completed to schedule.

The following active modules are available in open repository:

Comments: The repository contains one open module with a smart contract: (Smart-

Contracts - a smart contract for the ICO). The repository belongs to the

CrowdCoinage project.

Documentation

We have analyzed the CrowdCoinage website and its documentation for sufficiency

and consistency for making an investment decision.

Information about the project is contained in the White Paper, Terms and Conditions,

Privacy Policy, and KYC policy. Documentation is available in English, Russian and

Chinese. The project is described in sufficient detail In the white paper. The main

emphasis is on components of the platform and the staging of the ICO.

The website also provides information about the project, the ICO, the platform

components, the roadmap, frequently asked questions with answers, blog,

consultants and the team. The website is presented in English, Russian and

Chinese. The website features a detailed description of the platform services and

answers to frequently asked questions.

Summary: The documentation enables a comprehensive view of the project.

Components of the platform are described in sufficient detail. However, there is

some inconsistency of information between the white paper and the website, in

particular regarding ICO details.

ICO

Tokens issued for sale: 50%

Public ICO start: February 12, 2018

Token type: ERC20

Accepted payment: ETH

Price: 1 ETH = 10,000 CCOS tokens

Crowdsale duration: 4 weeks, until March 12, 2018

CCOS coins will have many functions including payment for services such as

insurance or P2P loans. The coins can also be used for ICO campaigns, etc.

Token limitation: 250,000,000

Advantages for token holders are as follows:

Dividends: No

Additional token emission: No

Escrow: N/A

Hard cap: 3900 ETH

Min goal: 390 ETH

Bonus:

Comments: Unsold tokens will be burned. Tokens will be placed on exchanges after

the completion of the ICO.

Bounty

Link to the bounty program

The project has allocated 5% of all CCOS issued at the ICO on the bounty program,

which operates in the following areas:

Summary: The project has an extensive bounty program. All conditions are

indicated at the link above. Rewards will be distributed within 30 days of the end of

the token sale.

Token and capital distribution

Tokens and capital are distributed according to the following scheme:

Summary: Tokens do not affect the distribution of shares in the company. The

incentive system is built such way that it is more profitable to buy tokens earlier.

Development plans

The roadmap is as follows:

The main direction of development will be functional extensions. In this regard all

plans for the future require obtaining licenses and running advertising campaigns.

Summary: According to the team the project already has potential customers but

they did not disclose any names.

Regarding cooperation with exchanges announced in the white paper, the team told

us that negotiations are ongoing.

Team

The team consists of 10 people and 6 advisors. Information about the main team

members based on LinkedIn is given below:

Peep Paum (LinkedIn) - CEO and Co-founder. Co-founder and board member of

GoOffline.today OÜ, founder and CEO of Totalstar OÜ, previously co-founder and

chief technical officer at Indoor.Ninja, founder and CEO of Mobile Digital OÜ.

Tauno Poks (LinkedIn) - Co-founder and chief technical officer. CEO and project

manager for EstPress Solutions OÜ.

Sven Kauber (LinkedIn) - Co-founder and blockchain developer. Analyst-

programmer at svenkauber.com, previously analyst programmer and owner of

InfoHaiku, LLC., freelance web developer at svenkauber.com, programmer at

HansaNet, LLC.

The team has 7 more people.

Summary: Only senior managers indicated their affiliation with the project.

The team is mostly from Estonia and has the following specialists: A frontend

developer, a marketing director, a blockchain-expert, a senior backend / Solidity

developer, designer, and additional frontend and backend developers.

Marketing

Information about the project is available via popular services such as Twitter,

Telegram, Reddit, Medium, LinkedIn, Facebook, GitHub, BitcoinTalk and YouTube.

The project has a bounty program.

The team is active on social media. Twitter and Facebook update project news

regularly; there is a blog on Medium and videos with the team available on YouTube.

The format of articles about the project shows that they were written mainly at the

project's request.

Comments: Interest in the project is growing; the marketing campaign is being

developed mainly on Facebook and Twitter.

Traffic analysis of the CrowdCoinage website based on Similarweb.com data

showed the following:

Traffic source: Similarweb

Comments: direct: 27.94%, referrals: 46.39%, search: 16.73%, social: 7.86%, mail:

0.72%

Traffic through search: 16.73%, 58.73% of which is “organic”.

Referral links: 46.39%

Social activity analysis of the CrowdCoinage website based on BE1.ru data showed

the following:

Traffic source: [https://be1.ru/stat/crowdcoinage.com]

Comments: Top 5 visitor countries: the USA - 15.43%, Japan - 12.33%, Germany -

6.74%, France - 5.79%, Russia - 5.40%

Referral links: icoalert.com: 64.59%; coinschedule.com: 9.45%; bitcointalk.org:

7.31%; cryptocompare.com: 3.23%; coingecko.com: 2.25%

Social activity: Facebook: 54.33%; Twitter: 34.15%; Reddit: 10.70%; YouTube:

0.58%; WhatsApp Webapp: 0.23%

Summary: Based on available data on the project, it can be concluded that interest

in the project is increasing. The team is conducting an advertising campaign via

Twitter and Facebook, has a blog on Medium, communicates with users via

Telegram and uploads videos to YouTube.

Over the last month, the website's attendance has grown by 85,000 visitors, but we

note that this increase in attendance is mainly due to ad clicks.

Contacts

The developers may be contacted using the links below:

Website

Twitter

Telegram

Medium

Reddit

LinkedIn

Facebook

GitHub

BitcoinTalk

YouTube

The information contained in the document is for informational purposes only. The views

expressed in this document are solely personal stance of the ICOrating Team, based on

data from open access and information that developers provided to the team through Skype,

email or other means of communication.

Our goal is to increase the transparency and reliability of the young ICO market and to

minimize the risk of fraud.

We appreciate feedback with constructive comments, suggestions and ideas on how to

make the analysis more comprehensive and informative.