Opportunities:
If Po.et is able to be successful on the licensing front, it can potentially generate a lot of revenues. It is estimated that the intellectual property licensing industry generates $43 billion of revenue a year.
The services that Po.et provides, such as proof of existence and licensing, benefit from the blockchain technology.
Po.et has received at least $1 million from traditional investors. This means that it has already passed the due diligence by those investors.
The utility of POE is straightforward – the more revenue Po.et generates, the more valuable the tokens are.- Po.et has shown good traction – it has already secured partnership with some of the biggest cryptocurrency publishers.
$10 million hard cap is relatively low, meaning that it has a good chance that hard cap will be reached.
Concerns:
Even though no competitor is aiming to solve the same problems as Po.et, some companies may enter into the same space as Po.et if the industry is proved to be lucrative.
POE is most likely going to be considered as securities as SEC, so it may impact future liquidity if other regulators follow suit.
Conclusion:
Overall, I like this ICO, both for its short-term as well as its long-term potential. It looks to me that the team knows what they are doing, and the project is showing great traction by partnering with some prominent media companies in the blockchain space.
Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Good. With Po.et’s progress and team, it shouldn’t be difficult for the project to reach hard cap. However, it is difficult to predict with certainty given recent market environment.
For long-term holding:
Good. While certain services such as article timestamp are already being done by competitors, Po.et’s focus on catering to publishers and content creators gives it an advantage. The project’s progress to date also demonstrates the execution ability of the team.
