Guidance to ICO evaluations

1. Miami October 11, 2017
Pietro Ventani
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ICOs

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● Probably the biggest economic innovation
since the introduction of the joint-stock
company in 1250 AD
The ICO Conundrum: the good

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● Most ICOs are frauds and/or
misrepresentations
The ICO Conundrum: the Bad

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● Those ICOs which are not
frauds/misrepresentations will never
launch. Those which will, will not be
around in a few years
The ICO Conundrum: the Ugly

5. Taking the investment world by storm
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➢ $2.7 bil raised in 2017 as of Sep 30
➢ 205 funded to date since Mar 2016
➢ 173 ICO raising as we speak
➢ 114 planned btw now and end of
Nov
➢ X00s of ICOs botched or scams

6. Understand
Risk
Max Return
Crypto-investing: opportunity & dilemma
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1. Aggregate value of Crypto Assets reaching $1-5
Trillion by 2022
2. The bulk of the current 2000+ crypto assets today
will probably not be around and maybe only 20-50
will survive because of the “winner-takes-all/most”
nature of networks & platforms
→ “needle in the haystack” problem

7. Understand
Risk
Max Return
Do you need to invest into an ICOs?
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1. Alternative options
2. Advantages and disadvantages of waiting after the
ICOs

8. Understand
Risk
Max Return
ICO investing: a Framework
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1. Does the theme/idea/concept make sense?
○ Is the specific idea suitable for
blockchain/decentralised
2. Assuming #1 checks out does it need to be
tokenized?

9. Understand
Risk
Max Return
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3. What is the specific role for the crypto
asset? (beside enriching the company’s
officers?)
---> Token “user” vs Token
“buyer/investor”

10. Understand
Risk
Max Return
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4. What is the existing/
forward competitive
scenario?

11. Understand
Risk
Max Return
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5. Does the Team have the ability to
execute?
○ Founding team
○ Advisors
○ Early investors

12. Understand
Risk
Max Return
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6. The Roadmap?
○ Is there one?
○ What is the plan?

13. Understand
Risk
Max Return
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7. What are the terms of the ICO?
○ Smart contract audit
○ Total token supply
○ Token allocation
○ Number of coin offerings

14. Understand
Risk
Max Return
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7. What are the terms of the ICO? cont’d
○ Price in pegged currency (-> valuation)
○ Minimum rise
○ Caps
○ Safeguards: escrow and vesting
○ Distribution schemes
○ Inflation
○

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Thank you!
For any question feel free to contact
me: pietro@app-advisers.net