Findora is developing a proprietary blockchain that is aimed to provide privacy combined with transparency and scalability. A significant part of Findora's effort addressed the enterprise market.https://icorating.com/ico/findora/
The token sale starts on 28 December with numerous vesting/price options and up to $92,4 min Cap.
Hype score: high
Risk score: highTotal: risky Pro:
1. Polychain Capital as a lead investor in a private round
2. Solid group of executives and scientists on the board of contributors
3. The project's testnet is publicly available Contra:
1. Cap is not clear, but our estimation based on the Findora website exceeds $92,4 mln, which looks overwhelming for the current ICO market.
2. No real original blockchain code on Github. GitHub last updated in August 2020
3. Numerous mistakes on the website and PR faults
4. Very little public confirmation of the project progress
5. Weak token sale terms and team support for such a large-cap
6. Significant FUD surrounding the project with little explanation from the company. The information in official sources is constantly changing
7. Multiple members of the team left the project and publicly denied any association with it. At least one team member was deleted from the website only after his public denying his association
8. There is very little information publicly available about Lily Chao, who was presented as Findora's founder and chairperson but now is described as General Contributor.
9. The list of partners included many names that were subsequently deleted, such as Stanford University
10. The current official Twitter channel denounces @FindoraOrg
as a fake one, even though it was created 1,5 years earlier and is followed by several prominent industry participants
11. Questioning those red flags in Findora's Telegram group will immediately get you bannedConclusion: unless the project clarifies all the misunderstandings and deals with the FUD surrounding the token sale, we consider it too risky to invest.ICORating does not endorse or recommend any of the projects that are rated or listed on icorating.com. This site cannot substitute for professional advice and independent factual verification. ICORating does not provide investment, financial, or legal advice.