Ethershift ICO Review

In the previous article, I did an introduction of the Ethershift project stating the problems and solutions it provides and also how innovative the platform is to the blockchain technology and for cryptocurrency traders all over the world.

Ethershift is a different platform from the rest of the exchanges that we currently use, it not only makes all ERC20 tokens tradable between each other but is also very transparent which is evident in the indication of the profit margin for the ERC20 tokens been traded.

ICO Review

As stated in the previous article, a lot of companies are making new ventures into the blockchain/crypto space. This as seen the amount of ICOs this year grow enormously in comparison to the previous years since its invention. New innovations, blockchains, exchanges, protocols, and projects have been introduced to investors from all over the world, however, this has also seen an enormous increase in the rate of low quality and scam projects.

This means that for all the major strides that the blockchain based projects have made this year, a lot of investors have made huge losses as a result of investments made in these bad projects. So I like to analyze new ICOs based on a few key criteria in order to filter away the bad projects. In this Article, I will be analyzing the Ethershift project to verify its authenticity based on this same criteria.

Important: This ICO review does not in any way represent an investment advice. I am not a financial advisor and this is but only my personal views from my research.

The points I will be analyzing are; The project relevance, The progress so far, The team and ICO information.

Project Relevance

Ethershift is a project that is not only relevant but also needed in the crypto space. According to the coinmarketcap, the 24 hours cryptocurrency trading volumes at the time of writing this article stands above 16 billion dollars and although BTC related trades account for over 50% of that figure, a lot of trades either with BTC or other trading pairs is made for ERC20 tokens.

Crypto trading is a very big market and through ethershift, it can get even bigger since traders will now be able to trade between more trading pairs. The anonymity that ethershift provides is also an innovation that has been long overdue in the crypto space, so I foresee this project getting the recognition and adoption it needs on this basis.

Progress So Far

When considering the progress of a project, the major factor I consider is the presence of a working prototype. According to the ethershift roadmap, a working prototype for the project has been made available as early as the first stage of its roadmap, which is Q1 2018. With that said, the team has also made significant strides in the product development and other milestones on the roadmap. This is a good sign, and it shows a team serious with the project.

The Team

A project's team is also a very important factor for any project as a competent team often always delivers on the targets set for the project. However, on the ethershift website, there isn't enough information on the team members. Nevertheless, it is worth noting that John McAfee who is a well-recognized personality in the technology and cryptocurrency universe, is an advisor for this project which in my opinion is a big positive sign.

ICO information

The ethershift token is a utility token which will be used as a way of redeeming a share of 50% of the total profits made on the platform over a specified period. This tokens will be airdropped to the ethershift token holders.

Token details

ICO token supply - 7,500,000
Hard cap size - 7,009,200 USD (fiat)
Ticker - ESH
Type - Utility-token
Accepted Currencies - ETH

Token distribution

60% - Crowdsale
20% - Marketing, Promotions, Giveaways, Bounties, Advisors
20% - Team

Conclusion

Ethershift, in my opinion, is a very good project, barring the fact that there is very little information on the team, the platform is innovative, the ICO is very well priced and capped, and good progress have been made on the actual product release. Kindly visit the official pages from the links below and also read the whitepaper to learn more about the project.