Rightmesh ICO Review

Total supply: 129,498,559
ICO price: 1 MESH = 1.00 USD
Available for Token Sale: 30%
Fundraising goal: 30 million.
Token Sale: 15 Feb

Introduction and the problem this ICO solves: A technology platform and protocol for connecting users in an ad hoc wireless mesh network. This is creating new connectivity options and gives connection to billions of unconnected users around the world. It will put the power of connectivity back into the hands of the people. You don’t need a special device for it, you can use any device. The decentralisation technology is deemed necessary for this project as it can remove inefficiencies, increase trust and security, and enable new technological advancements without the need for middlemen.

Central authorities can always shut networks down. Many apps stop short at the “Great Firewall of China”. During times of civil unrest, governments stop communication methods. The governments of Egypt, Libya and Syria imposed full Internet shutdowns during the Arab Spring in an attempt to quell protests. WhatsApp was blocked in Brazil four times in 2016 amid public outcry. Twitter was blocked by many countries in the past, and continues to be blocked in North Korea, China and Iran. Viber was shut down in Bangladesh and Zello was blocked in Venezuela: both during times of public protests against the ruling governments.

This ICO doesn’t have a first mover advantage because it is similar to SmartMesh. Decentralisation is necessary for this product because it gets rid of the government from interfering with people’s right to internet. Tokenization of this coin is not necessary since they could have just used Ethereum.

PRICE: 1 MESH being 1.00 usd for the supply of 129,498,559 is a bit of a high price for an ico. A similar ICO named SmartMesh was much cheaper at around 0.0167 USD but the total supply for smartmesh was 3,141,592,653. So the price difference is only illusory.

MARKET: 3.7 billion people who lack connectivity. In Facebook’s 2016 State of Connectivity Report, they found that 96% of the world’s population live within range of a 2G mobile signal.

FUNDRAISING GOAL: 30 million to raise is a bit too much. Therefore, as an investor, this may not be good. This is because everyone can get in it so not many people would want to buy it at exchanges. Therefore, this would be a bad choice to flip based just on the fundraising goal.

ROADMAP: In the long term, if you keep the tokens until the time the news is listed on the roadmap, you may get a good return. As you see, based on the roadmap, this would be a long term hodl token with a big potential to grow when the coin will be widespread. For a flipper keeping the tokens until Q1 and Q2 could be beneficial.

TEAM: The team is experienced and have the relevant skills required which comes mostly from Left. The advisors look okay too, but there is only one advisor with crypto experience. Jason Ernst has a PhD in Mesh networking and MsC in wireless Mesh networks.

HYPE

• Telegram: 2,998
• Twitter: 3,942 (but they are also following 3k people so most of it might be a followback )
• Reddit: 64

The amount of hype is pretty low. It could be due to the token sale being in Mid February.

PARTNERS: Who are their partners?

UNSOLD TOKENS: Unallocated tokens will be returned to the RightMesh Treasury where they will be used to support the growth of the ecosystem. If the hard cap has been reached and there remains an excess of tokens within the allocation, these excess RightMesh tokens will be airdropped to the community within one calendar year of the RightMesh token generating event.

GITHUB: https://github.com/RightMesh

COMPETITORS:

CONS:

• It seems very unlikely for this product to be adoptable very quick since its target audience is people in poverty - without internet.
• Buying crypto needs to be simplified in order for this product to be viable.
• Ethereum transactions are not cheap. In their whitepaper they acknowledge this and rely on Ethereum to bring down costs.