Is Faceter the next million dollar ICO!? Faceter ICO review

This is not a financial advise.I am not a financial advisor.

Join the Faceter ICO https://tokensale.faceter.io/special/3186c7

What is Faceter?

Faceter is the first decentralized surveillance system for consumers. Faceter makes video surveillance smart, giving brains to cameras through enhanced face detection, object detection and real-time video analysis. These features allow cameras to understand the situation and respond to it, offering much better security to all the customers. At Faceter’s technological core is the absolute respect for privacy, and the utilization of the features of convolutional neural networks to split the tasks reinforces this commitment. As a result, sensitive data is always processed in a completely trusted environment, and all images not subject to recovery are passed to the decentralized network.

Pros

• System for surveillance capable of detecting objects/faces and doing analysis of the surroundings. Very cool idea that works for business and individual clients increasing their security
• Already working MVP and it looks impressive, very high tech
• Aims at very rapidly growing market (projected to be worth over 70 Billion by 2022) • Product already tested with few companies after receiving 1.2M backing and creating working version.
• Product has a real use case, AI involved — it’s very ambitious but could be huge if it manages to work and be affordable by regular customer
• They are working on a partnership program with Axis — global leader in surveillance hardware
• Very neat presentation, with complex whitepaper and video presentation. Communication on social channels very active
• Part of the tokens will be constantly burned
• Team already did have a successful project together and the core of it has a lot of experience in their respective areas. Wouldn’t depend my life on them but they deliver.

Cons

• Big supply — 1 billion (although unsold tokens will be burned)
• There is 0 hype about this project yet and community is still very small — 3k telegram followers, 1k on twitter
• The project is REALLY ambitious — hard to tell how possible it is to adopt that technology in mainstream. Costs are really high and technology needs to be very accurate
• Only 2 advisors and no partnerships — this has to change if they planning to be as big as the idea itself seems
• Team lacks blockchain experience. It’s a very complex project, they probably will need more resources than this to deliver promises.
• Price of the token — 0,1$ not terrible from investment psychology POV (owning big number of coins) but with that supply nothing to be excited about
• Quiet high max cap (40M), but the funds distribution justifies that number

Verdict

Although there are some concerns about team’s ability to deliver the tech to mass client adoption, its current position of already working product is really promising. I will be looking forward to their next developments and potential partnerships as the whole idea feels really fresh and potentially massive. I am in.

Overall ICO Rating 7.5/10