EIB is a self-managing financial system with P2P trading based on an open source platform of Ethereum.
PROS:
- The platform enables the users to transact easily on the internet through smart contract hence eliminating the need for intermediaries
- The platform use blockchain technology to store the user’s information with the database continually shared to all servers therefore ensuring all the information are safely kept and cannot be tampered with or used for fraud
- The platform has a well developed mobile application supported by Android and IOS giving the user several features enabling easy transfers and deposit
- The platform has its servers in six global areas enabling quick server responses without any boundaries hence promoting easy transactions
- The platform provides more incentives to the users by providing bonuses to the first EIB exchange users hence attracting several investors across the globe
- The users can easily restore their secrets words and passwords quickly to regain access to the accounts and wallets in case they lose their private keys
CONS:
- The platform website doesn’t give the team involved to enable the users to make an easy investment in regards to the team members profile
- The amount raised by the EIB tokens during the crowd sale stage is not highlighted in the whitepaper
- The platform whitepaper is less elaborate as it doesn’t give adequate details on the users including the team, token amount and disclaimer
SUGGESTIONS:
- The platform team involved in the project should be indicated in both the website and whitepaper with clarified profiles
- The project amount raised from the sales of the EIB tokens should be highlighted to eases the project implementation
- The platform whitepaper should be made more detailed with classified information to the users to enable easy investments
NOTE:
The platform enables P2P trading which is absolutely secure however its underdevelopment hinders me from investing in it.
