AIDA aims to deliver mainly construction materials through its services. The supply chain of construction materials is considered as a capital-intensive industry and so the team has to take it into consideration. There are several crypto startups in logistics that already raised money(Shipchain, Slogn). For instance, ShipChain raised 30M USD in by January 2018.
The sphere AIDA is entering requires taking into consideration the country-specific characteristics of supply chain. However, the team wants to expand globally but does not provide the expansion roadmap and target countries. Currently, the MVP is not available, so it is not possible to test the product. Also, AIDA has no customers now. The team says that they will use Blockchain for a faster settlement of trades between counterparties. However, the team will use Ethereum Blockchain which is not highly scalable and can only support 15 transactions per second. The team aims to enter all CIS markets by Q4 2018 and expand to Americas in Q3 2019. However, the team has no previous experience of scaling any projects at the global level. Therefore, the provided expansion road map does not seem convincing. Also, the problem of corruption in supply chain that AIDA tries to tackle is not globally common. That is why, the team has to rethink its main goal during global expansion.
AIDA will charge its customers 1%, while the average among competitors is around 15-20%. The team does not explain how this lower level commission will lead to profitability of the project. AIDA aims to deliver mainly construction materials through its services. The supply chain of construction materials is considered as a capital-intensive industry. The team does not explain how they will avoid or optimize these costs.
The team does not clearly state how many funds they aim to raise. There is no information about neither soft cap nor hard cap. The team does not state how many tokens they will issue. AIDA will reserve 20% of tokens for the core team. This figure seems high and there is no vesting scheme for bonus.
CEO of AIDA (Nysanov Ualikhan) does not have strong previous experience in technology. Even though he has profile on LinkedIn, his previous experience is not clear. IT Director's experience (Denis Goncharenko) cannot be verified using linkedin. Several developers of the platform are still students and AIDA is their first experience. To sum up, the whole team experience is not clear and there are strong doubts that they will be able to deliver everything outlined in WP.
