Hello everybody today I will be talking about the Credits ICO!
Credits is a project based out of Singapore which has just recently finished their Pre ICO on December 26th of 2017.
Now Credits will be moving into the ICO Phase starting on February 15, 2018.
So lets take a closer look at this new Credits project token shall we?
Credits ICO Review
Credits is a blockchain platform. Some are saying it could be one of the biggest competitors to coins such as Ethereum.
They claim they will be able to handle ONE MILLION TRANSACTIONS PER SECOND in comparison to Ethereum which is three hundred and Bitcoin being seven.
If this holds true this is an amazing difference in what Credits can offer in terms of speed of transactions.
At this point in time I’m not stating a fact. I’m just telling you what Credits has claimed and they are saying they can prove it.
One of the other benefits that Credits is offering they have a very low transaction fee of .001 USD. Ethereum ranges between 0.1 – 1 USD and Bitcoin even higher.
These are some of the things that actually got me to look into the Credits ICO.
Another thing that caught my eye was how unique the project itself was. They absolutely have a huge milestone to achieve in terms of products development.
As you can see on their website their White Paper has been complete and on their website since January of 2017. So it’s been over a year now.
If Credits didn’t have this history behind the token I would not be taking this project serious at all. I do like this aspect of the token.
Credits ICO Team
As it stand Credits has 34 team members and 8 advisory board members. When I first looked at the ICO the team wasn’t this strong. It seems as if they have been adding more talent to the team.
When I first looked as Credits I’m going to be honest. I disqualified them right away because I didn’t think their team was strong enough. This has changed.
Whenever choosing an ICO to invest in always look at the team. Make sure they know what their doing. See if you recognize any of the team or advisors.
I always invest in teams and what they are trying to achieve. If the teams not strong it’s always a no for me. However if I like a project I will watch and see if things change. They certainly have with Credits.
Credits ICO does have an expert team in software development and also a pretty solid marketing team. I’m not familiar with anyone in Credits but I do like what I see so far.
At this moment in time I will say this. I don’t really know anyone on the Credits team but it seems strong. I went through their Linkedin profiles and there is a lot of experience ranging in blockchain, software development and marketing.
Credits ICO has a very diverse team. USA, France, UK, Norway etc.
This can give a lot of leverage to a project.
Sometimes you have to go with your gut feeling and I am personally doing that with Credits ICO (not investment advice) do your own research.
Credits ICO Social Reach
Like I said earlier I have been watching Credits for about one month. When I first heard of Credits ICO like anything it was just another ICO popping up on the radar. However as the weeks went on a got a bit more excited about the project.
One thing I noticed was the community getting behind Credits. As you can see in the screen below their Facebook account hasn’t quite reached 5000 people. However it’s getting a lot of engagement and great reviews. They also leave an actual phone number you can contact Credits. I personally won’t be doing that but it’s there if you want to try it out.
As you can see below their Twitter account has been growing organically. Credits seems to be very active posting 2-3 times daily. Always a big plus for the community to follow their progress and announcements.
Credits Telegram group has really taken off in the past week or so. Last time I checked I want to say it was at 11,000 or so. It’s not approaching 20,000 members. It’s really starting to pick up.
For an ICO to do well it’s always positive to have a strong community backing the project. When I first started to look at Credits that didn’t seem to be the case. In fact they were a bit weak with their marketing. Just over the past couple weeks this has definitely changed. Seems to be going a bit viral at the moment.
Please note it doesn’t take a huge amount of people for an ICO to hit their hard cap. So get on the whitelist if you plan on buying tokens.
Credits ICO – Roadmap
As you can see ICO starts this month.
The tokens exchange rate is 1 ETH = 5000 CS (Credits).
Token Allocation goes like this:
- ICO – 60%
- Bounty – 2%
- Bug Bounty – 2%
- Founders – 15%
- Advisors – 1%
- Operation – 20%
There legal registration is in Syngapore. They strictly work in accordance with the laws of Syngapore. They do not use offshore schemes. They have licensed lawyers in Syngapore. They interact with Ministry of Finance (central bank) of Syngapore.
Credits ICO – Conclusion
Overall I do like the look and feel of this project. I would say it’s something you definitely want to at least look into. Always do your own research before investing money.
For me personally I understand risk. Look at companies like Ethereum which grew so rapidly and so many people basically missed the boat. I’m always willing to risk money into cool projects win or lose.
I obviously look for more wins then losses but nothing is 100%.
With that said I don’t like missing out. I don’t like to be the guy saying, damn I could of bought those tokens when they were .05 cents.
Like the old saying goes. Woulda, shoulda, coulda but you didn’t. So I’m always willing to take calculate risk to get those big returns in the future.
I do like the overall idea of the Credits ICO project. It would be nice if I at least knew one person on the team. But sometimes you have to just go with a hunch. I’ll be watching this project very carefully.
Credits ICO has proven this is not an overnight project looking to scam and make a quick buck. They have been working on this project for over a year now. Some of the team have been working together on Credits since 2016 which is a good sign. I’ll personally be investing with the Credits ICO but make sure you do your own due diligence.
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There is no evidence for the 1 million transactions per second claim? Just have to believe that.. this is scary.. for example: Universa claims, I believe, around 20,000 transactions per second.. and they have test data for public to see..
Just claims with no proven data are to be watched very closely.
Hey Ravi, you are absolutely correct. That seems a bit high but from what they claim they can prove it. I can’t tell you 100% if that is true or not. I am watching the project closely and will make decisions as I do. As always do your own due diligence and never invest more then you are willing to lose.
I appreciate you taking the time, not to just say “You need to get this!”, but actually help educate us on what to look for and why a particular ICO caught your eye. I welcome more. ** Forget about me thanking you some day in the future…I’ll do it right now, THANK YOU!
Hey Gary, your welcome. Glad I could help
Good review thank you,
Red flags for this project are the team having a marketing background yet their poor website design and their MVP video was sub par at best, for a marketing team you would expect these things to be fairly high standard. And secondly that they haven’t shown any proof of the claims they make about the performance of their token.
That being said, they have a strong team now overall, plus their advisors are also very good and have also listed Credits on their LinkedIn profiles which is quite promising.
The Alpha version of their platform is due to be released on the day of the ICO so hopefully it provides some evidence to back up their claims around the performance of the token.
I think it’s a risky project to invest in, but all ICOs have their flaws and an element of risk.
But the risk vs reward on this ICO seems pretty good so i’ll be looking to invest in it on ICO day. (17th now)
Hey Peter thanks for the comment. The proof of claims is something I will be following for sure. If any coin can do one million transactions per second with low fees that is enough for me to invest 🙂 Funny thing they just pulled out of the USA so I’ll be sitting on the sidelines for this one!
Hi Jash this is quit interesting piece of information, happy to be by you.
Thanks Cosmas.
It is a collection of loosely connected Wikipedia articles It’s just a scam. They aren’t 1,000 x faster than any other xrypto out there. Beware.