By bringing blockchain technology and a token-based economy into SynchroLife, we will be able to guarantee users more accurate, trustworthy, and transparent restaurant information than most previous restaurant discovery services have been able to offer, and on a global scale. The token-based economy will allow users to be rewarded for their meaningful contributions in the platform, giving value to every user's time and original content, and further encouraging users to continue using the platform and contribute to it's growth.
The SynchroCoin token will be used within SynchroLife as a reward to users who provide accurate restaurant business information, high quality reviews, and good photos and content of restaurants from all around the world. Users can then use SynchroCoin tokens to buy restaurant coupons and gift cards, tip other users, and buy premium features within the app. The SynchroCoin token will also be used by restaurants which want to participate in marketing or advertising on the SynchroLife platform as affiliate restaurants, and we plan to eventually allow the SynchroCoin token to be used for payment at affiliate restaurants as well.
Users are rewarded tokens for high quality restaurant reviews, food and restaurant photos, corrections and edits to restaurant information, as well as the translation of restaurant information. Users will also receive a percentage of the advertising fee restaurants they've contributed to. SynchroLife's token economy incentives users to help to maintain and grow the decentralized restaurant information database by adding new restaurants, marking closes restaurants, and updating any changed information. Search results, rating timelines, and daily recommendations are all personalized. SynchroCoin tokens will be distributed to users based on smart contracts.
September – October 2017
April – June 2018
September – November 2018
February – April 2019
April – June 2019
June – July 2019
Attention. There is a risk that unverified members are not actually members of the team
The market is highly competitive: more than 30 companies offer the basic function of Sinchrolife. At the same time, most competitors do not limit themselves in the comments on restaurants and several methods of monetization, which makes Sinchrolife. There are bright leaders in the market: tripadvisor (in Russia), Foursquare, yelp received more than $ 10M of investment The market estimates in wp are only indirectly relevant to the project.
The distinctive utility of the company's main value proposition for a visitor to a restaurant is questioned The usefulness of this platform for comparison with competitors is also highly questioned, due to the limitations of the audience The project budget does not go into any comparison with the budget of the market leaders (GrubHub and Just Eat the marketing budget is about 70 million euros in 2015) Large restrictions are laid in the business model Development dynamics can not be tracked using the environment or git hub) The claimed traction is not confirmed The site is not finalized The road map is as abstract as possible. The company does not provide information on how the payment of the company's expenses will be carried out at the expense of the collected funds and how the process of converting crypto currency into fiat money will be controlled, if necessary There are no mechanisms for monitoring the misuse of funds and guarantees for the investor. The mechanism for ensuring profitability for the holders of the tokens is not described Descriptions of most monetization methods are extremely abstract The Company does not provide any financial forecasts None of the monetization methods has a confirmation.
Lack of experience of CEO and unconfirmed experience of other team members.
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