Vikky

Vikky
ICO date: 02.05.2018 - 31.07.2018
Industry: Job market
Description:

Vikky is a blockchain driven platform for short-term job search and freelance.

How it works:

Vikky is a platform for advertising and finding short term jobs like repairs, gardening, delivery, etc. The system shows the shortest way to the point of destination too, or a path that would allow taking multiple orders on your way.

Users can look for jobs near them or filter out by language or other factors. New jobs will appear on the map. The jobs may include private tasks or gigs that the platform gets from Uber or Airbnb integration, driving, cleaning, bike rent, etc.

Fast and secure payments with VIK coin via a smart contract ensures that there will be no fraud from either party. The platform charges 15% fee on the transaction to cover operational costs. VIK tokens are free to be withdrawn without a fee, once the amount is big enough.

The company’s vision is to become number one app for short-term jobs in Southeast Asian and later in the whole world. Their marketing efforts will start from the biggest cities, where the need for short-term staff is high.

Innovation:

The platform operates on a rather simple idea of connecting employers and employees that seek short-term jobs. It doesn’t enhance the idea further than that. However, it brings blockchain into the game, making job market decentralized, and makes a handy map to make it easier for users to finds a gig they won’t have to commute across the city to.

Innovation score: Medium

Token value:

VIK value is tied to the volume of transactions on the platform, since this is a utility token. The company plans to expand rapidly. The growing number of transactions in VIK will drive its price up, creating profits for the investors.

Token value score: Medium

White paper:

The white paper presents the assessment of market potential, problems and solutions that the company has for them. It talks about blockchain technology and the role it plays in the platform. The white paper also briefly mentions marketing and business strategy and presents an expanded roadmap.

White paper score: High

Roadmap:

The project has two roadmaps, one for business achievements and the other for running ICO and marketing plan.

The project is being developed since April 2017 and has reached transaction volume of half a million USD in February 2018. In March 2018 the team started preparing the ICO.

VIK tokens will be listed on the exchanges in August 2018. In September 2018 VIK wallet will be released and integrated with Android and iOS apps. Vikky estimates the platform should have 200,000 members by this time. PR campaign in Asia begins in November 2018.

Further growth estimates show that the platform will have 1 mio users by March 2019. This number is expected to triple by March 2020.

Roadmap score: High

Business model:

Vikky takes a small yet profitable niche on the job market. It already functions and has enough members to generate quite a big transaction volume for a growing company.

The marketing is focused on Asia and big cities, places where this kind of solution is needed the most. The service charge is 15%. These funds go towards covering operation costs and making profit for the founders.

Business model score: High

Team:

The CEO of the project has been holding positions of CEO and chairman in different companies since 2008. The IT manager has 15 years of experience. One of the developers mentioned on the site has 13 years of experience, the other two have four and three years of experience respectively. The marketing executive is a fresh graduate and only has one year of experience.  

The project has only one advisor, but he covers for marketing executive’s inexperience, as he is specialised in marketing and PR.

Team score: High

Competitors:

The biggest players on short term job market are Handy, Wonolo, BuzzWorker, and Indeed. Some of them are very niched, others are in the process of development. Since Vikky already has an audience and its own niche to take, it should have little competition from the existing companies in this industry.

Competitors score: High

Overall thoughts:

Vikky takes a simple idea and puts it in the right context for it to work perfectly. The experience of the team is certainly a week point, but the platform is already functioning and has a niche within the industry that is not crowded by competing companies. It is easy to see the company growing its user base.

Investing in VIK may be a good decision.

Website: ico.vikky.io
Whitepaper: Whitepaper

Overall Score

High

4 / 5

Risk score

Medium

Crowdsale


ICO

ICO start date: 02.05.2018
ICO end date: 31.07.2018
Soft cap: 5,000 ETH
Hard cap: 26,600 ETH

TOKEN DETAILS

Ticker: VIK
Token price in ETH: 0.000050
Bonus Program:

20% 02/05/2018 – 16/05/2018

10% 17/05/2018 – 30/05/2018

5% 31/05/2018 – 13/06/2018

Legal


ICO Platform: No
Registration Country: Vietnam