Cudos ICO analysis
CUDOS is a cloud computing platform working through a layer 2 oracle network, governed by smart contracts
Tokensale:
- The Whitepaper states that the Hardcap is $3 mln whereas official Tokensale terms show a hard cap of $6 mln.
- Total tokes for sale are 555 mln on private sale and 166 mln on public sale, which is only 7% of total tokens to be issued.
- Public sale tokens will be available on the 1st day of TGE through a primary listing.
Pro:
- The team is already running the network of 140k+ users that is being developed since 2017.
- The project has partnered with AMD which is a good sign of the quality of the product and team qualification.
- The team includes experienced engineers and advisors that also adds up to the success probability.
Contra:
- Cloud computing is not an industry that delivered the best results for blockchain investors recently
- Unclear hard cap terms
Conclusion:
As we have already stated in our previous reviews the main risk for such projects is the market size for cloud computing - there is still no evidence that there is enough demand for it which is a big challenge for the project. Still, we believe that the team is capable of building the necessary network and find the best market fit for the product long-term.
The hard cap is normal for the current market state (even though there is confusion about the final number) and according to the token sale terms, most of the tokens (distributed during the private sale, among the team and advisors) will be locked at the TGE. That is favorable for the short term price of the token.
As a result, we consider this project to be moderately interesting short-term and risky long-term. Potential investors should take into consideration that there will be no traditional public sale, but a direct primary listing which means a higher chance of volatility and price discovery period immediately after the TGE.
Hype rating: medium
Risk rating: medium
Total: medium
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.
CUDOS is a cloud computing platform working through a layer 2 oracle network, governed by smart contracts
Tokensale:
- The Whitepaper states that the Hardcap is $3 mln whereas official Tokensale terms show a hard cap of $6 mln.
- Total tokes for sale are 555 mln on private sale and 166 mln on public sale, which is only 7% of total tokens to be issued.
- Public sale tokens will be available on the 1st day of TGE through a primary listing.
Pro:
- The team is already running the network of 140k+ users that is being developed since 2017.
- The project has partnered with AMD which is a good sign of the quality of the product and team qualification.
- The team includes experienced engineers and advisors that also adds up to the success probability.
Contra:
- Cloud computing is not an industry that delivered the best results for blockchain investors recently
- Unclear hard cap terms
Conclusion:
As we have already stated in our previous reviews the main risk for such projects is the market size for cloud computing - there is still no evidence that there is enough demand for it which is a big challenge for the project. Still, we believe that the team is capable of building the necessary network and find the best market fit for the product long-term.
The hard cap is normal for the current market state (even though there is confusion about the final number) and according to the token sale terms, most of the tokens (distributed during the private sale, among the team and advisors) will be locked at the TGE. That is favorable for the short term price of the token.
As a result, we consider this project to be moderately interesting short-term and risky long-term. Potential investors should take into consideration that there will be no traditional public sale, but a direct primary listing which means a higher chance of volatility and price discovery period immediately after the TGE.
Hype rating: medium
Risk rating: medium
Total: medium
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.