Codex Protocol ICO Review

Codex Protocol

Decentralised Title Registry for Art & Collectibles.

Codex Protocol Score



Codex Protocol is an industry backed decentralised title registry for Art & Collectibles. Codex stores ownership + provenance while ensuring privacy. They make it easier to buy, sell and manage assets of all kinds. CodexCoin (CODX) is used to modify and verify the data stored on Codex Records, among other uses.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

– Already have a Beta test-net working for the community to try. – There are already auction houses, lenders, appraisers who have announced plans to use CodexCoin. – Solves a real world problem of high worth assets storing ownership & provenance while ensuring privacy. – Private Sale Lock-Up 3-9 Month for bonus. – Team have former experience with Credit Suisse, Sothebys, Microsoft.

red flags

– Low hype from community & influencers. – Not the best ICO for short term investors. (Not Financial Advice) – Although test-net is live, the Main-net isn’t available until after ICO. – No real road-map to go by. – Lack of long term plans & vision beyond 2018 on the Whitepaper.

Codex Protocol
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Medium - High

– Very experienced advisors from both the crypto world & high end art which is key for their success.

TEAM SCORE

Medium - High

– Mark Lurie – CEO founded Lofty.com (aqd 2016). Former investor at Bessemer Venture Partners and FJLabs. Harvard Business School, MBA. – John Forrest – CTO former Microsoft, Sr. Engineer. – Jess Houlgrave – COO Former private equity investor, OpTrust. Former Investment banking at Credit Suisse. Former Client Liaison, Sothebys. Sothebys Institute, MA. Oxford University.

HYPE SCORE

Low

– Despite having 13K+ Telegram followers Codex Protocol has low hype from the community & influencers. Could do with more mainstream media visibility.

TOKEN SCORE

Medium

– Quite a high hard cap of $25 million with an average of 24% bonus for early investors, although a fairly low token price at ICO 1 CODX = $0.067

CONCLUSION

In art & collectibles, an item’s identity is central to its value. To buy or sell, get insurance, or take out a loan, previous owners, history and authenticity are constantly checked and verified. Codex stores an item’s identity securely on the blockchain as a Codex Record. They make it easier to buy, sell and manage assets of all kinds. CodexCoin (CODX) is used to modify and verify the data stored on Codex Records, among other uses. There are already auction houses, lenders, appraisers, and fractional ownership companies who have announced plans to use CodexCoin. Biddable – is the first app built on top of the Codex. Created in partnership with a consortium of industry leaders, Biddable will ensure Codex has adoption from day one with the ability to use Cryptocurrency to purchase 10 million items yearly from 5,000 auction houses worth over $6 Billion.

8

ADVISOR

7.4

TEAM

3.6

HYPE

5.8

TOKEN

security

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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