HireGo

HireGo
ICO date: 01.06.2018 - 31.07.2018
Industry: Car sharing
Description:

HireGo is a decentralized car sharing platform that brings smart contracts and blockchain in the industry, making user experience way better.

How it works:

HireGo creates the first car hire dapp that makes sharing cars more accessible and safer. Using blockchain adds trustworthiness to the platform, as all payments are secured by smart contracts. The contracts include insurance for car owners.

The dapp itself is very simple. Once registered, users can rent out their car for a fee, or look for a car to rent. Users can create communities within the platform to filter out who they want to share cars with. The whole system is designed to be ready to meet the era when cars become a part of the Internet of Things, so when the time comes, HireGo will be able to take the lead.

Innovation:

The idea behind HireGO is simple, yet effective. In the world that is crowded by cars, sharing is the key to faster commuting and saving environment. HireGo facilitates that with its dapp.

Innovation score: High

Token value:

HGO tokens are utility tokens of the platform. Users will be able to convert most crypto and fiat money into HGO to pay for services on the platform. As the amount of people using HireGo rises, the demand for the token will go up, driving its price. The nature of the dapp allows for quite a big users base, so HGO’s value has big potential.

Token value score: Medium

White paper:

The white paper HireGo presents is not informative at all. On its eleven pages it only manages to present some basic information about the dapp the company plans to develop and details on the ICO.

White paper score: Low

Roadmap:

The company started developing the dapp in the first quarter of 2018 and it now has an alpha version live. Beta version will be available in the third quarter of 2018. Before the end of the year, Android app will be live and first incentives for early users will be paid.

Web app will be ready in the first quarter of 2019. By the end of the year, the company will release API and beta versions of car sharing and using IoT devices.

Roadmap score: High

Business model:

Not much is known about the company’s business model, as it is not explicitly mentioned on the site or in the white paper. However, the details that are mentioned allow us to understand that it is not bad at all.

The platform charges transaction fee when users rent or share cars. The influx of users is ensured by incentivising early users by HGO payments

Business model score: High

Team:

The company’s managing director has been a Senior Architect in UK’s top FTSE organisations and has experience of managing a successful mobile development company in UK. Operation director worked as a consultant, helping companies to improve their efficiency. Urban transport expert has spent 18 years in researching, planning and execution of road projects, including those funded by World Bank. Lead developer is a Microsoft certified professional with 13 years of experience.

HireGo’s blockchain advisor is an aeronautical engineer and securities investor.  Sharing economy advisor is a researcher in said field at Charles University, Prague. The team also features advisors in the field of investment, smart contracts and big data.

Team score: High

Competitors:

HireGo seizes the opportunity in a growing market, but it might be too late. It competes with services like Uber, Lyft and many others from the centralized side. But it is not the only player on team decentralized either. Startups like Arcade City or La’Zooz are already through with the ICO stage and started functioning.

Seizing a part of global market may prove to be quite a challenge for HireGo.

Competitors score: Medium

Overall thoughts:

HireGo has a good team, but its advantages stop there. With direct competitors already in the market, taking a piece of the pie may be difficult. Investing in HireGo is a gamble, but if it does succeed, the profits will be substantial.

Website: hirego.io
Whitepaper: Whitepaper

Overall Score

Medium

3.5 / 5

Risk score

Medium

Crowdsale


Pre-ICO

Pre-ICO start date: 01.05.2018
Pre-ICO end date: 01.06.2018

ICO

ICO start date: 01.06.2018
ICO end date: 31.07.2018
Soft cap: 1,500 ETH
Hard cap: 11,836 ETH

TOKEN DETAILS

Ticker: HGO
Token price in ETH: 0.00025
Bonus Program:

35% 01/05/2018 – 01/06/2018

Legal


ICO Platform: No
Country Limitations: USA
Registration Country: United Kingdom