Security Chain Score
The First Block Chain Security Ecological Chain. Security Chain is a brand-new ecological system based on Blockchain concept and technology. This eco-chain includes security and defense of underlying operating system, Blockchain IoT and cloud-computing equipments. It uses advanced technology of machine learning to realize Blockchain anti-virus, Blockchain anti-fraud, mobile device safety protection, etc. Therefore, developers from all over the world can develop various application services for Blockchain security based on this eco-system, providing one-stop security for industry users.
ICO TOKEN PRICE:
- Some World Class leaders with proven experience in their field.
- Quality of leadership and track records indicates they should have the networks to gain customers and adoption.
- Solid VC backing.
- Strong social media community, especially telegram even thought flying under the radar.
- Strong use case.
- No live product or demo.
- Even thought strong Telegram audience size, no guarantees these are not bots as there is not much hype anywhere else.
- Security type projects have performed very poorly in current bear and past bull markets.
- Team members and roles not clear.
- A % of private and seed round tokens are unlocked at the same time as ICO tokens on exchanges, which could add heavy selling pressure.
Low - Medium
Fundamentally, this project has the most important factor in place, a strong team with a proven track record in tech. It’s not surprising that they have secured strong VC backing. However what’s concerning is that the team members and roles are not clear, plus this project is operating in the security space. I agree this space is essential to the industry, any tech industry but historically these types of projects have not performed well in terms of investor ROI. Although this looks like a second layer protocol, which could give it more value, betting on this project, I think, would more be based on a strong believe in the long term potential of this project, as I do not expect there to be any opportunity of value creation/appreciation in the short to medium term. Additionally, the lack of clarity of the team members is a big concern, yes there are some world class players, but their level of actual involvement is too cloudy right now – hopefully the project will develop and clarify these points soon.
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