Smart contracts can operate like financial institutions. However, there are some conceptual problems that hinder their wider usage; with the help of MyWish platforms, most of those problems can be resolved.
A number of ready-made contracts has been already available in our platform. They solve the following tasks:
Our platform has an open interface for 3rd party developers: everyone can send a contract and after a security audit, It will be listed on the platform.
The Platform Tokens (WISH) are used for the creation of contracts and for external calls motivation during the whole contract’s life (Joule system). Thus, amount of tokens in the market will gradually decrease after deployments of new smart contracts. And rate increases due to tokens accumulation on the platform.
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Attention. There is a risk that unverified members are not actually members of the team
The market for services related to smart contracts is highly competitive and has low barriers to entry. The company's materials completely lack the go to the market strategy (GTM) Last will contracts, as one of the main advantage of the project, does not higlight my will among competitors, such as Etherparty, BlockCAT, etc.
The product is so simple that others would copy it easily. (Product does not have sustainable competitive advantages). The project lags behind the product development roadmap provided on the website. The project is focused on a small segment of the "last will" contracts. The business model is almost similar to such projects as etherparty.io and does not have unique positioning and unique components. The maximum amount of funding during ico will be $ 20 million, which is 10 times over the average size of the round (according to Pitchbook) for the seed round (US market) средний размер раунда (по данным Pitchbook) для seed round (US market) The financial forecast provided by the project are unrealistic Calculation of financial forecasts is made taking into account an optimistic scenario for the value of the contract (0.5 ETH for 3 years).
According to ICOscoring, the team lacks a strong BDO specialist and sales specialists. The bulk of the team members are simultaneously employees of the DDG LLC development company, created by Vladimir Tikhomirov.
This is without question a very necessary implementation of smart contracts. There is currently no recourse for recovering lost cryptocurrencies or a provision to will crypto assets. The whitepaper is exhaustive as it is engaging, the project vision is commendable.
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