Organicco ICO Review

Organicco ICO Review
ICO date: 06.06.2018 - 06.07.2018
Industry: Industrial waste management
Description:

Organicco is a company that holds several eco friendly projects they will develop given the hard cap is met. The company’s vision is to serve as a vehicle of ecological change.

How it works:

Organicco is based on 10 years of research. During this time the core team has developed technologies that Oragnicoo is going to use in their business. They have several aerobic digester technologies, that are tested by a consulting firm and patented. Three projects in UK that are based on these technologies are ready to start.

Organicco is an eco capitalist company, that strives to make profit while making the planet a cleaner and safer place. The projects that start as soon as the ICO is complete include recycling unwanted organic farm waste and by-products from the renewable energy plant into fertiliser. They already have partnered up with a number of farms to get the waste from them.

The team is working on two technologies that would allow transforming black bag wastes into fuel and dry farm waste into methanol and ethanol.

Organicco is introducing a payment system easiPayer for the purchase of their goods. It will charge 0.5% transaction fee and 1.5% exchange fee. It hopes to attract other companies to use it too.

Organicco is a small company with a product that solves problems of the market and of ecology as a whole. However, they can’t compete against green companies funded by government grants. This is why they are holding and ICO.

Innovation:

In terms of blockchain technology Organicco doesn’t introduce anything. However, their patented green technologies grant them a medium score in this category.

Innovation score: Medium

Token value:

ORC is a security token. The first 5 mio investors will receive a capital guarantee. The company will be distributing a part of its income among them.

The company’s products are only accessible for purchase by ORC tokens through easiPayer system. Big volume of bulk orders will ensure that ORC rises in price and ICO investors receive their profit.

Token value score: High

White paper:

Organicco’s white paper is rather short. It has only 9 big pages. On them, it tells how their product works and describes the technology behind it. The latter, however, is better illustrated by videos on their Facebook page. It also presents a brief market overview, comments on token value, presents financial estimates and an enhanced roadmap.

White paper score: Medium

Roadmap:

The team who founded Organicco in January 2017 has spent 10 years developing and perfecting green technologies that are in the core of the company’s product.

Organicco has completed a government funded project in the first quarter of 2018. The first project the company starts on the ICO funds is a plant that converts chicken muck into fertiliser at a rate of 40 tons a day. It is going to begin production in the third quarter of 2018. In the fourth quarter the company plans to introduce two similar plants if the hard cap is met.

By the second quarter of 2019 Organicco launches a renewable fuel system in Northern Ireland and introduces easiPayer. By the fourth quarter of 2019 the company will launch a technology capable of producing fertiliser and electrical energy from organic waste.

In 2020 it launches car and aviation fuel plants for emerging markets of Africa, India and South America. In 2021 the company plans to expand the number of projects and increase production volumes.

By 2022 Organicco wants to establish a network of farmers who would only use their organic fertilisers to save the earth from negative effects of chemical ones.

Roadmap score: High

Business model:

The market for industrial waste management is worth around $1,442 billion. This number is around £500 million in UK. Organicco taps into a market with a lot of potential. The company has a number of secured sales opportunities and has partners in Portugal, France,Greece and Hungary that might consider taking Organicco technologies to these countries.

The financial forecast estimates that the company will generate £9.4 mio selling their products and £40.8 mio from transaction fees by 2020.

Business model score: High

Team:

The company’s Managing Director has a legal background and has spent many years in private practices and serving in local government. The Financial Director has spent several years working in the same post for a major healthcare organisation. Organicco’s Canadian partner has experience of running multi-million dollar businesses. He will be expanding the company’s presence in North America. Chief Technical Director has over 13 years of entrepreneurial experience

The team only features one advisor who consults them on general questions regarding ICO. This doesn’t completely ruin the company’s rating as they have few topics they need to be consulted in.

Team score: High

Competitors:

Organicco has several competitors in UK with whom they could not compete merely because of the lack of funding. Their technology outperforms competing ones and the company has a number of partners that would help in expanding the project’s geography.

Competitors score: High

Overall thoughts:

Organicco is a good investment, especially on the early stages of the ICO, as it grants a part of its income to the early investors.

Website: organicco.uk
Whitepaper: Whitepaper

Overall Score

Medium

3.8 / 5

Risk score

Medium

Crowdsale


Pre-ICO

Pre-ICO start date: 11.04.2018
Pre-ICO end date: 16.05.2018

ICO

ICO start date: 06.06.2018
ICO end date: 06.07.2018
Soft cap: 3,500,00 GBP
Hard cap: 35,000,000 GBP

Legal


ICO Platform: No
Registration Country: UK