Digital Ticks

Digital Ticks
ICO date: 15.04.2018 - 15.06.2018
Industry: Exchange
Description:

Digital Ticks is a commodity crypto exchange.

How it works:

Digital Ticks develops a set of user friendly trading tools that would be useful for experienced traders and novices alike. The platform features trading crypto pairs, trading crypto and commodities like silver or gold and trading spots and futures.

Right now users can trade BTC, ETH, LTC, NEO, DTx, gold and silver, but the number of available trading pairs is going to increase. Trade is conducted using high frequency trading algorithms.

All funds that are not being withdrawn are stored in a cold storage to combat hacking. The platform uses multi signature wallets and two factor authorisation on logging in and withdrawing crypto to add another level of security.

Innovation:

Digital Ticks doesn’t really innovate the way things are done in this industry. The only extraordinary thing about this project is that it is possible to trade commodities on the platform.

Innovation score: Medium

Token value:

DTX is a utility token of the platform, it is used to purchase advanced tools and pay commissions. Once the platform is big enough, DTX will start rising in price.

Token value score: Medium

White paper:

The white paper Digital Ticks presens features a brief market analysis, explanation of the concept of the platform and technology it works on. It also talks about the company’s revenue model and potential profits for ICO investors.

White paper score: Medium

Roadmap:

As of today the project only has a concept and a UI prototype. The platform will be launched in August 2018, mobile apps will be released later in the same month. In September the company will be adding more altcoins to the platform.

By May 2019 they expect to list more than a thousand cryptocurrencies and raise the daily exchange volume to over 200,000 BTC. T0 achieve this volume in such a short span of time is a bit unrealistic.

Roadmap score: Medium

Business model:

Digital Ticks is going to charge a 0.1% fee on transaction volume, listing fees and withdrawal fees. The company will also charge a subscription fee for access to tools. The first two months are going to be commission free to attract new customers.

This revenue model is competitive enough to have a chance of survival on the market.

Business model score: High

Team:

The company’s CEO has been a trader since 2003 and occupied the post of managing director in several companies after that. COO has a trading past too. He has been CEO in two companies. However, the blockchain developer doesn’t have any work experience mentioned in his LinkedIn profile.

The company only has one advisor, a lawyer with 12 years of experience.

Team score: Medium

Competitors:

Startups like Tokpie , Paymon  and Mandala have better conditions than Digital Ticks. However, it still can earn a place on the market thanks to the fact it allows trading commodities.

Competitors score: Medium

Overall thoughts:

Digital Ticks is a pretty average project that nonetheless can find its niche on the market. However, it gets a high risk score because of insufficient team presentation and overestimated growth predictions.

Website: digitalticks.com
Whitepaper: Whitepaper

Overall Score

Medium

3.2 / 5

Risk score

High

Crowdsale


ICO

ICO start date: 15.04.2018
ICO end date: 15.06.2018
Soft cap: 5,700,000 USD
Hard cap: 30,000,000 USD

TOKEN DETAILS

Ticker: DTX
Token price in USD: 0.7
Bonus Program:

45% 28,800,000 DTX

35% 38,400,000 DTX

18% 51,200,000 DTX

Legal


ICO Platform: No
Registration Country: India