STYLOCOIN

The success of this project is greatly depend on partnerships with trusted online shopping platforms. As of now, there are no clear reasons and benefits for leading players of the market to build relationships with Stylocoin.

Weaknesses: The WP is written in a very poor English, which makes most of it unclear and confusing; moreover, it makes the team look unprofessional. There are no financial projections, marketing plan and competitor analysis. Monetization model is also missing. The team doesn’t have experience in online shopping, legal, finance and marketing fields; there are three advisors, one of them doesn’t have a profile. The project aims to become a global player, yet there are no team members with international backgrounds. The closing date of ICO is not announced.

It is evident that our existing e-commerce sites and services are facing challenges ranging from security breaches to misconduct by the payment services. Stylocoin seems to be aiming to solve these challenges and potentially we may no longer have to be hostages to credit cards that often charge exorbitant fees. While it may seem possible, the major problem comes in getting the relevant participants to use Stylocoin since the shopping and utility industry needs a co-operative association to achieve the necessary experience for the user.