DAOstack ICO - Legit ICO or $30 Million Money Grab?

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The second project I want to talk about today is DAOstack ICO.

Remember with any ICO whether it’s DAO or another do your own research.

All ICOs are risky and you can lose your money. So lets take a look at DAOstack shall we?

DAOstack – ICO Review

So DAOstack wants to create a framework that facilitates decentralized coordination.

Their business structure is one in which there is no leader or head.

The ICO has a hard cap of $30 million USD. This is much less then todays earlier review on IAGON which was a cool $77 mill! Craziness ha?

There will be a 100 million token supply with a 40 million circulating supply.

Unfortunately at this time I don’t have any information regarding the pre sale bonuses.

You do want to find out if these bonuses are locked up or vested. Otherwise it will get dumped on top of you when it hits the exchanges.

DAOstack – The good

With the DAOstack positives we can see they advertise themselves as an operating system. Just as WordPress allows for the creation of websites.

DAOstack allows for the decentralization of web companies.

In other words DAOstack does for blockchain what WordPress has done for the web.

It offers plug and play solutions for configuring organizations in a decentralized way.

The framework is backed by years of research and development. It’s open source design will actually help it stay relevant for longer. This allows the community to drive its growth.

The final positive to notice is the team. DAOstack does have a good balance between entrepreneurship, blockchain experience and academic training.

Some of the team includes Harvard University graduates, Microsoft, 360i, Asac among others.

DAOstack – The Bad

With DAOstack two things stand out.

First thing I want to point out is that DAOstack has a partnership with numerous ICOs but I could not find any evidence to confirm this.

I’m sure if I’m wrong DAOstack will reach out to me with proof. Like any ICO it’s important you do your own research.

Finally on a pragmatic level. If we look at DAOstack we can see real world companies may not be interested in adopting a DAO like framework.

Many companies do in fact prefer a more centralized approach. If somethign is working adaquitly well most big companies will leave it alone.

If it ain’t broke don’t fix it.

DAOstack – Bottom Line

Hype wise the company is getting some attention. People are in fact talking about it online. So I’ll give it an overall good score for hype. I would like to see more people getting involved on their telegram channel.

There team is no doubt World Class with a ton of experience and success. So the team is getting an above average score.

The token metrics is what I’m not liking. They are asking for $30 million USD which seems to be the going rate these days. It would be nice to see some quality projects raise between $20 and $25 million. I do believe it’s overkill.

Personally I will not be investing in this project. Not to say it’s not a good project and it’s definitely not a scam. With the current market I have to be 100% it’s a good investment for my liking. I’m also only mainly investing in infrastructure and blockchain projects. So it will be a pass on DAOstack for me.