Few month ago, I informed you about the Sharpay.io ICO. Let's see if my opinion on the project is still so enthusiastic and why I would recommend it.
A successful ICO
Sharpay has launched its pre-sale on December 11, 2017 with token emission on Ethereum-ERC20, and has collected more than 223.75 ETH ($168k) on the first day. The 80 million token allocated for the pre-sales have all been sold for a total of 2400 ETH ($1.8 million as of today)
The second selling phase started on March 1, 2018. It has already collected 5211 ETH (~ $4 million) and will end May 31, 2018.
A well defined and simple product with a huge existing market
Sharpay has a very accurate and detailed whitepaper. You can see that the team was concentrated on product itself and it's future implementation, not just the ICO. There is a clearly defined and understood business model.
Sharpay is an all in one blockchain project that aims to revolutionize sharing content on the web. The main advantage of the project is that it will benefit all actors as they will earn money by sharing content.
We could see a mass adoption by websites creators, bloggers and readers who want a one click experience to share the content they like.
Add on top of that an additional financial revenue for all, and you get a very attractive product.
A strong team with a lot of experience
When researching new cryptocurrency projects, it’s always important to have a look at their teams. It will have the biggest impact on the success of the project.
They aren’t some guys who just graduated from the University and are trying their first businesses. They have a long experience of building and running various businesses. That gives a great foundation for this project as well.
In their advisers, they have, for example, Ken Huang who is a well-known blockchain expert and has a long expert of the tech industry. He has worked in leading positions in the tech companies like Huawei and CGI.
The team has been really active, following up and open to discussions. They made an huge promotion effort by participating to many ICO events around the world. This is clearly a good sign for ongoing success.
Excellent ICO rating with an average of 4.7 stars out of 5
Sharpay has received impressively positive reviews on several ICO review sites, even raising from time to time. They got an amazing 5 stars on TackICO. On ICO Bench it is a 4,8 stars score, which places them at rank #1 of the top rated ICOs on their websites.
These extremely positive reviews mean that more and more people are interested in this project. It has bring more hype and more money to the pool.
Conclusion: Would I recommend investing in Sharpay.io?
In my post I described several reasons why I believe this project has a great potential.
Therefore, I have personally invested in this project. With a product focused on a good market and with a team that has the potential to make this project a success, it's definitely worth a look.
You, Steemit users, are already used to monetize your content. Why not go further and monetize the sharing of your content!
Thanks for reading!
Useful links:
Sharpay official website
Sharpay white paper
i actually started reading more about Sharpay and am interested. I have a wallet with Coinbase and with Binance. What wallet do you recommend to use for this token? what are you using and is it easy to use. ?
Hi! Thanks!
Yes, you can make purchases from the exchange, your payment address in our system is unique. Moreover, for security reasons, the payment addresses associated with your account change periodically, but we attach all payment addresses to your account by email.
According to our White Paper, the actual emission of ERC20 standard SHRP tokens will be after the end of the total Token Sale. Currently, tokens are accrued and accounted for in the registry immediately after purchase in your personal wallet on sale.sharpay.io.
In our case, we are developing our new blockchain, which is not based on Ethereum, but is the fork of the more faster BitShares blockchain. Therefore, we do not exclude the fact that by the time of the official Token Sale launch we will immediately issue tokens already on our blockchain, instead of the ERC20 standard.
If this does not happen as quickly as we want, then according to the plan we will issue SHRP tokens on the ERC20 standard and will be credited to your wallets for safe storage and future to exchange the tokens of our new blockchain based SHRP token.
A special field for adding your ETH address is now hidden in our settings and will appear in your account after Token Sale in June 2018.
Thanks for the information, very important