• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
josh paiva white logo new

  • Start Here
  • Earn Crypto
  • My #1 Recommended Business
  • Resources
    • About Me
    • Bitcoin
    • Community
    • Crypto Tools
    • Marketing Tools
  • Contact Us

Traceto ICO Review – KYC Crypto Magic or Drops $30 Million Scam?

April 21, 2018 By Josh Paiva Leave a Comment

Spread the love

This aft I want to talk about the Traceto ICO.

Before we move on just want to make sure you understand investing in ICOs is risky. Whether you are investing Traceto ICO or any other always do your own research and due diligence.

That being said lets take a closer look at Traceto shall we?

Traceto ICO Review

traceto ico review

The company has actually put this ICO on hold. But to my knowledge it will still go ahead.

Traceto hard cap is set at $30 million USD. There going to have a 1 billoin token supply. There aim is to sell 30% in the crowdsale. The Pre Sale bonus is set at 5% which is very low which I personally like. Unsold tokens will be burned.

So Traceto basically wants to create a decentralized identity verification system streamlining KYC procedures.

It’s actually quite similar to the Safein token. I know it seems like the same ole but hear me out here.

If all of this is confusing you should read this first:

What Is an Initial Coin Offering

Traceto Token – The Good

If we look at the positives we can see that Traceto parent company is already helping companies like ICON with KYC procedures.

The second positive of Traceto is the utility of it’s token. It can take ICOs, tokens and other entities in crypto to help validate KYC and other procedures.

With good there is usually some bad with almost all projects.

Traceto Token – The Bad

For one it has a lot of competition in this niche. You have Safein, Self Key, Civic, The Key, Sovereign and the list goes on.

All of these identity tokens want to do similar things.

Also it’s important to note that government oversight and legislation can be a double edged sword.

On one hand Traceto blockchain development is still in the very early stages. Any advantages they would of had along with other similar tokens could come across problems in the future with changing laws.

Yet on the other hand the ID verification market could have a stronger demand if the market and government calls for it. So it’s really hard to say what directions tokens like Traceto will move.

Traceto – Breaking It Down

traceto team

In the hype category I’m going to give Tracety a bit below average score.

For the team I’m going to rank the very high. They all know what they’re doing and have a lot of experience. Could even be at the World Class level possibly.

They also already have a working business model which is a plus.

With the token metrics I just feel they are trying to raise too much money. However they are going to be burning unsold tokens. So in the grand scheme of things I don’t really think it’s going to hamper any future development.

So I give it an average score for the token metrics.

Traceto – Bottom Line

I think the main thing Traceto has to do is get their marketing on point. If they focus on marketing I believe Traceto has a good chance of hitting their hard cap and being a successful ICO.

Traceto needs to focus on how their product is different from their rivals and why they should invest in them. They need to focus on that to succeed in such a saturated market.

Traceto ICO – My Conclusion

So at the end of the day it’s up to you whether or not you’re going to invest. Personally I’m not investing in Traceto. The market has improved over the past couple weeks but we are still not in a bull market.

If an ICO isn’t a blockchain or infrastructure project I won’t be investing unless something complete blows me away.

Again I want to stress I am not a financial advisor and I am not always correct. Nobody in the crypto space bats 100% we all make mistakes. So do your own diligence. At the end of the day whether you invest in Traceto or any other ICO for that matter is your decision and yours alone.

Click here to subscribe

My #1 Recommendation 

Whether you plan on investing in Quant Network or not this still is for you.

Would you like to see EXACTLY how you can build a million dollar crypto portfolio?

Let me show you exactly how I do this step by step.

Click Here To Get My Free Step by Step Blueprint

This is a proven strategy that we are constantly working on and adding to.

You can’t afford not to learn this 👇👇

crypto click here now

Our members are getting tremendous results.

If they can do it so can YOU!

Click Here For More INFO

One day in the future you will thank me 🙂

josh paiva

 

Click Here to Subscribe

Wishing You Only the Very Best!

Email:  [email protected]
Skype:  joshkpaiva

Also…

Follow me on Social Media Below:

Follow Me On Facebook Here.

If You Use Instagram Click Here. 

Follow Me On Twitter Here.

More from my site

  • Internet Marketing Strategies Internet Marketing Strategies
  • Fixing People Around You – Is It Really Worth It?Fixing People Around You – Is It Really Worth It?
  • Matrix Ads Millionaire Review – Legit Or Cycler Scam?Matrix Ads Millionaire Review – Legit Or Cycler Scam?
  • WOW… Did ex-Prudential CEO George Ball Go ALL IN With Bitcoin?WOW… Did ex-Prudential CEO George Ball Go ALL IN With Bitcoin?

Filed Under: Cryptocurrency Tagged With: traceto, traceto ico review, traceto scam, traceto token, traceto token metrics

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

CAPTCHA
Refresh

*

Primary Sidebar

Click here to subscribe

Footer

josh paiva white no icon

Navigate

HOME

PRIVACY POLICY

TERMS OF USE

EARNING DISCLAIMER

CONNECT

📧 [email protected]

Facebook Messenger

Facebook Profile

 

Copyright 2014 | JoshPaiva.com