XTRIBE is an M-commerce platform that takes advantage of the geolocation technology steered by blockchain to match the demand and the supply of its users.
PROS:
- The platform enables the users to keep control of their information and transactions securely through the Xtribe store ensuring that the user’s details are inaccessible by unauthorized personnel
- The platform use is less costly as it eliminates third-party intermediaries as well as shipping and delivery costs enabling the users to makes exchanges at a reduced fee
- The platform has a well developed mobile application supported by Android and IOS systems which best fits the retailers, users and professionals in the industry as it can adapt to different languages
- The platform through its credit system enables the users to easily acquire goods for regular sales
- The platform team members have adequate skills and experience in business management and sales and marketing enabling easy project implementation
- The platform whitepaper is simple and understandable enabling the extensive use of the XRBT tokens in different states across the globe
CONS:
- The platform doesn’t grant the users compensation in case of losses associated with the use of the XRBT tokens
- The amount raised during the token crowdsale are not secured and hence can be easily lost
- The platform advisors involved in the platform are few
SUGGESTIONS:
- The platform should involve more advisors in the project with adequate experience to help in steering the project
- The platform should set up a private insurance company to help secure the funds raised by the XRBT tokens during its pre-sale
NOTE:
The platform through blockchain technology enables the users to sell, buy, rent and exchange a wide range of products and services within the local business without incurring huge expenses of traveling overseas to find these products. I would invest in this project.
