Welltrado ICO Review

Welltrado ICO Review
ICO date: 30.04.2018 - 25.06.2018
Industry: Investment
Description:

Welltrado is a platform that combines P2P investment platforms in one, allowing for more than a million investment possibilities for its users.

How it works:

Welltrado connects P2P investment platforms into a single networks to allow users to diversify their portfolio like no other company. They currently cooperate with more than a hundred platforms and will be adding more when the ICO is finished. Return rates range between 5% and 35%.

Users can choose different risk profiles and adjust automated investment strategy to achieve an optimal portfolio. The diversification Welltrado offers is unprecedented. Investment can be safely spread across a thousand assets, minimising the risks. Available investment choices include crypto, mortgage, personal loans and invoice financing.

Innovation:

This project is one of the first of the kind. It offers unparalleled opportunities for long-term investment with significantly lowered risks.

Innovation score: High

Token value:

WTL is a utility token, used to pay for entrance on the platform and to pay fees. As the platform accumulates uses, the price of the token is going to raise. Considering the fact that each time a profit is made, 2.5% of the sum is burned, the rise will be rather significant. ICO investors can expect big profits from this project.

Token value score: High

White paper:

The white paper provides a market overview, identifies problems that exist on the market and describes the concept of the platform. It also provides a token model, a competitive analysis and  talks briefly about the company’s revenue model.

White paper score: High

Roadmap:

The first MVP was released in December 2016. By November 2017 the company had incorporated over 100 P2P investment into the platform and onboarded 1,500 investors.

In October 2018 Welltrado is going to acquire a fund managing license. By the end of the year the company will release dashboard for retail and institutional investors, API and wallet.

In 2019 the company will release version 3.0 of the platform. By this time Welltrado is expected to sign up 800 P2P lending platforms across Europe, Asia and South America for partnership.

Roadmap score: High

Business model:

Welltrado charges a 5% fee on return on investment. Half of that fee is burned to fuel growth of the token’s value.

This is an efficient revenue model that would not scare off too many investors.

Business model score: High

Team:

CEO has seven years of experience, occupying posts of marketing manager and general manager in several companies. COO has received an extensive media coverage including from New York Times and BBC for his work. Business development manager is a certified financial broker with 5 years of experience in investment banking.

The advisory board includes the founder of ICObox.io, a managing partner at Goldfish Fund, an expert in financial sales and analytics from Bloomberg L.P. and the CEO of a leading European B2B accelerator. The credit risk scoring expert  has severn years of experience and has built over 30 credit risk models.

Team score: High

Competitors:

Welltrado lists Orchard Platform, Orca Money and BlackMoon Crypto as their competitors, but none of them have all features Welltrado has to offer. Individual investment platforms do not constitute direct competition, because most of them would only benefit from partnership with Welltrado.

Competitors score: High

Overall thoughts:

Welltrado offers unrivalled diversification of investment risks. It has a well staffed team and dedicates a part of commission it charges to token burn. This means WLT has a significant potential for price increase.

Website: welltrado.io
Whitepaper: Whitepaper

Overall Score

High

4.6 / 5

Risk score

Low

Crowdsale


ICO

ICO start date: 30.04.2018
ICO end date: 25.06.2018
Soft cap: 1,500 ETH
Hard cap: 65,000 ETH

TOKEN DETAILS

Ticker: WLT
Token price in ETH: 0.001
Bonus Program:

7% 21/05/2018 – 28/05/2018

5% 28/05/2018 – 04/06/2018

3% 04/06/2018 – 11/06/2018

Legal


ICO Platform: No
Registration Country: United Kingdom