Suchapp Rated By CryptoRated

Blockchain-enabled, multi-channel messaging platform.

See the full ratings here: https://cryptorated.com/ico-rating/suchapp/

About Suchapp
SuchApp is a messaging platform that plans to compete with major communication services by using a crowd-sourced funding model, in order to acquire users and market the platform aggressively. SuchApp will also differentiate itself from its largest competitors by introducing a loyalty rewards program embedded within the application. Additionally, SuchApp plans to integrate SPS tokens into exclusive debit/gift cards.

Product
The sector of communication platforms is exceedingly competitive. Convincing users to migrate from one such platform to another is not a simple task. The long list of features that SuchApp plans to implement is not directly related to blockchain technology, and most features could easily be incorporated into existing platforms. However, SuchApp discusses a loyalty program, where “every Group Administrator has an option to create and launch their own custom loyalty membership program for their group”. Although not significantly revolutionary, it is a feature that separates SuchApp from most other messaging platforms that do no incorporate blockchain technology.

Use of Blockchain
SPS is an ERC20 compliant token and is used as a means of exchange, as well as in rewards through loyalty programs in the SuchApp ecosystem. There is no significant need for a custom token other than to generate funds and the platform is essentially centralized. The GitHub page is not provided for assessment of blockchain development.

Whitepaper
The whitepaper is fairly long at 44 pages. The technology plan is discussed effectively, with a sufficient level of detail. The business plan is also presented in fairly high detail and includes content such as market research and user acquisition strategy. Overall the whitepaper is comprehensive and manages to balance technical details with readability.

Roadmap
The roadmap presented in the whitepaper spans from 2011 to April of 2019 and contains low levels of detail. Milestones are presented without descriptions of what each entails. Milestones reached thus far include the formation of the organization, iOS/Android/web development, and the development of the alpha version of the SuchApp platform. The beta version of SuchApp is planned to launch in July of 2018.

Compliance
The whitepaper contains a detailed disclaimer section. It is explicitly stated that SPS tokens should not be considered securities: “white paper is intended for informational purposes only and is not considered a prospectus offering any kinds of securities or related products”. The language is seemingly professional and the level of detail is moderate. Residents from the US and China are asked to not participate in the token sale. It is unknown whether KYC will be used.

See the full ratings here: https://cryptorated.com/ico-rating/suchapp/