What is Unibright? New ICO Summary & Review!

You may have heard about a new ICO coming out called Unibright, but what is it?

Unibright is a German company with 20 years experience, existing customers and a strong foundational team. Their ICO is aimed at raising funds for a new kind of blockchain enterprise solution.

The problem nowadays is that there are many barriers to entry, discouraging small businesses from investing the money to build their own blockchain solutions. Unibright would be one stop shop for companies to choose a template, create a blockchain with the click of a button and begin benefiting from distributed ledger technology.

The team has a strong core leadership with many years of experience in the field of framework integration. Recently they also added some impressive advisers to the board including the owner of one of the largest YouTube Cryptocurrency channels, Nicholas Merten of DataDash.

The public token sale begins tomorrow, and last through until May 10th with 67% of all tokens up for sale. The team has set a $2 million goal which should be very easy to reach, as well as a $13.5 million cut off. If all tokens are not bought, there will be a burn of all remaining tokens. The token allocation is extremely fair and transparent with the core team only holding 6%, which is locked up for 12 months. Full token distribution is as follows:

• 67% in the public token sale
• 9% sold to seed investors
• 6% to the team (locked up for 12 months)
• 12% cold storage liquidity reserve
• 6% legal / token sale expenses

The project does have some questions marks, however, including a rather longterm roadmap, several established competitors and a lacking marketing campaign. Time will tell how these problems are handled and its likely that the funds being raised during the ICO sale will be put to use in addressing many of these issues.

Overall ICO Score: 8/10

Thanks for reading and if you learned something new, consider upvoting, following and resteeming.

P.S. If you are interested in buying or selling UniBright consider using my link and sign up for a wallet here