Coindaily is devoted to the primary market of blockchain projects, and is determined to provide one-stop information diffusion, investment decision consultancy, post-investment tracking services, and other project-specific customized services for investors and project parties. Our goal is to provide users with a friendly, open, and interactive primary market integrated service platform, thus making our own contributions to the prosperity and development of the blockchain industry.
Attention. There is a risk that unverified members are not actually members of the team
$26 400 000
CoinDaily is not a conventional ICO, and is neither a protocol nor a DApp. It is a centralized business that links the company’s performance to a token. The platform is still in the early stages of development, so it will be interesting to see whether it can attract users once it is completely functional. The large community base and its good reputation in Asia should help the project grow. The hardcap is fairly small, so we believe the team should not have any issues reaching it. As the majority of the tokens would be locked upon the initial release, it is an ideal candidate for a quick flip. Investments from huge VCs and partnerships with Binance and OKex also makes this project lucrative for investors. However, it must be noted that CoinDaily has not yet produced an MVP, and their main audience is based in China, where regulations on cryptocurrencies are being tightened. This may result in a loss of potential users of the platform.
Strength and Opportunities:Coindaily is already active in the business of providing information about ICO projects. The platform was able to attract significant amounts of users to its channels and we can assume that this will be the case for the future. As the market recovers and a new bull market emerges more people will become interested in this space again and seek high quality information.Weaknesses and Threats:Today it is not yet clear whether this kind of platform which Coindaily is running is suited for performing an ICO. It remains to be seen whether this ICO approach can work out for traditional companies as well. Coindaily seems to be an early pioneer in this field and we will learn soon whether these experiments will be successful in the market.Verdict:Coindaily is not a conventional ICO. It is neither a protocol nor a decentralized app. It is more a traditional business that is active in the blockchain space in a similar way as Binance and KuCoin are. Just as Binance and KuCoin, Coindaily has decided to link the company performance to a token. So far this has worked out pretty well for Binance, which by many measures is considered the world’s largest cryptocurrency exchange. Investors need to take this different nature of the platform into account when making their investment decisions.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.