A CryptoStandard Score of 6.4 and a Stable outlook are assigned to Gamico (pre-ICO starts on 1 Jun 2018)
Gamico has a clear ICO structure with a strong team behind. The idea of giving more tournament opportunities with a monetary incentive to video game players could encourage them to focus on drilling for the game. The worries on making a living could be alleviated. Yet, the necessity of adopting the blockchain technology is doubtful. The result reported by players should mostly be authentic and correct, which does not require the verification system. Since there is no prototype for reviewing, it is hard to test the functionality of the platform.
Gamico is a platform where gamers can earn a living by playing video games. Gamers will be able to compete in high level, high stake tournaments or challenge other players in H2H matches. They can monetize their skills and time spent on playing their favourite video games. The Gamico platform will also introduce a groundbreaking feat for gamers worldwide: game result verification via blockchain technology.
The analysis is based on our rigorous CryptoStandard Score model which is supported by over 80 parameters. The distribution of the score and the explanation are shown below:
Idea
Gamico tackles the problem that only a few pro gamers could receive monetary benefits in the E-sports industry. Gamers can now compete with other players to make a living using their skills in their favourite games. The result verification can somehow enhance players’ trust towards the platform. Yet, the actual demand for such a service is not significant.
Competitiveness
There are several similar ICOs in the market. The single player challenge and milestones to be achieved are some unique selling points of Gamico. The support system developed for the 14 famous games including LOL and DOTA 2 may attract more players.
ICO
The details of the ICO in the white paper are consistent and sufficient. There will be no future offering nor token buyback, with a reasonable amount of soft and hard cap.
Team
The team is diverse and consists of the blockchain, business/finance and technology experts. With sufficient capital, we believe the team can execute their idea.
Community
The community engagement needs to be further established. Though the founders are very responsive in answering questions from potential investors, the number of followers/members on Telegram, Facebook and Twitter is relatively small.
Marketing
Gamico should market its company more frequently through their website, YouTube, Reddit, Medium, etc. to enhance public awareness of the project so as to generate better community momentum.
Documentation
The white paper provided by Gamico is consistent with basic details of the ICO. Yet, more in-depth explanations on its competitive advantages are needed to make it more convincing.
Financials
Gamico does not provide any financials of the company for analysis.
Reliability
The prototype will be provided after the crowdsale in Sep 2018. Since there is just a white paper at the time of review, the reliability of the project is questionable.
Feasibility
One key concern would be that game developers might not be allowed to add in gambling elements as restricted by the respective domestic government. This could limit the project feasibility and scalability. Therefore, it is important for Gamico to seek sufficient advice in this legal aspect.
See their profile: https://cryptostandard.io/ico/gamico/
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