#Storiqa #STQ

Storiqa is a marketplace platform built on blockchain designed to allow anyone to create
an online store that will make good use of the most advanced
technologies in the e-commerce field, including the option to pay for
goods with cryptocurrencies and STQ tokens.

They are planning to create a market ecosystem for marketers all over the world while eliminating the legal and tax issues that are encountered by the masses of people who want to join the global marketplaces.

Main Page

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I can relate that the main page got me at first. Their marketing levels are amazing and that's really important for a cryptocurrency, even if we like it or not. You can find everything on the main page. It is tidy, organised, supports 5 languages besides english and every info of the coin can be easily found as the whitepaper, team, advisors, roadmap, tokensale etc.

They also provide a demo application which can give us a really good point of view of how this will work.

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Hardcap

The hardcap of the token is $25 M which is not much at all. Usually I'm looking to invest in ICOs with less than $50 M Hardcap as they have a lot more room to grow and the token becomes more valuable and rare. But there can also be exceptions.

They say the total supply of STQ tokens will be the ammount of tokens sold when the token sale ends. They said on their zendesk that there will be a total supply for 14,000,000,000 STQ but this is a relative number as different token sale weeks have different prices / bonuses for token.

At the moment there are 5,973,058 ,885 tokens sold and a token's price is $0.0092 but there's about 1 more million USD that needs to be filled in order to hit the hardcap.

By making a forced aproximation let's pretend there will be a total supply of 10,000,000,000 tokens. If we make another forced aproximation we can take EOS as an example with 1,000,000,000 Total supply and a price of $15.28.

If we multiplty the total supply by 10 and divide the price by 10 then we will have a total supply of 10,000,000,00 and a price of $1.52 . This calculations are relative and depend on a lot of factor but what I want is to create an overall idea of the full potential of the ICO if it would ipotethically hit top 10 coins.

Storiqa has a today's token price of $0.0092 so hitting $1.5 would be a 163X multiplier investment. So if you'd invest $100 and storiqa would get to top 10 it might give u a profit of $16,200. That's how I create an idea about the "full" potential of an ICO. There are a lot of chances that it will either go up maybe to a 10X or 20X which is still profitable or in some situation it can dump.

Whitepaper

In the whitepaper they issue the legal problems and taxes for most of the online shop owners and they believe blockchain can create a better space for e-commerce communities by providing decentralization, friendly and easy to use services, low fees, low transaction costs, detailed analysis, cryptocurrency payments and a transparent and decentralized review system.

They also believe that e-commerce is about to grow by 20% in 2018 and there's a lot of potential in this niche.

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Overall the whitepaper is nicely written and easy to read. They do not provide much technical information as they just translate the technology into a niche while creating an ecosystem so there's nothing revolutionary in their tech side. We should see if there will be scalability in the future.

Team

Advisors

There's nothing spectacular in my opinion about the advisors, not any "well-known" name for me at least, but what bragged my attention is that Peter Xu looks to be a member of Alibaba family which sounds pretty interesting. Alibaba is the biggest chinesse site for e-commerce, so considering storiqa is on the same niche this can be a big plus.

Looking over advisors linkedin is nothing that we should be worried about, but nothing spectacular either in my opinion. Anyways, for an ICO I think they are doing pretty well!

CEO

The CEO is Ruslan Tugushev, a russian guy who has founded Boomstarted.ru which is a crowdshooting platform where you can share an idea or project and be supported by other people. I can't find exactly what it's about as the most of page and the video is in russian language.

He is also the CEO of a company called Tugush which was founded in the same period that storiqa was founded ( dec 2016 ). This one is an investment platform in russia. I don't want to go in depth, I just think it's a good thing that Ruslan Tugushev has experience in being a Chief executive officer, but yet he has no experience in the Storiqa ICO's niche.

Roadmap

They are planning to start integration of the platform starting from july of this year.

Community

They are pretty active on the telegram group having 21401 members of which I saw they are organic. For more official news I'd recommend checking out on their medium page.

Final Score

I would really want you to consider this score is just my personal opinion and this post does not represent any financial advise or counseling. Thank you for reading and feel free to comment if you agree or dissagree with what I've said above. 👍

Where to buy

You can buy using the refferal link and helping me getting bonus tokens or using normal link if you don't want to support myself! Please invest wisely!