Dear Steemers,
Today we will be analysing another new ICO : Viola.Ai
Introduction:
Viola AI is the world smartest love Artificial Intelligence(AI) which is designed to
to help achieve the following objectives:
- The World’s Most Effective A.I. Advisor and Assistant for Dating and Relationships
- The Go-to Marketplace for Dating and Relationship
What Problems does it solve?
- Love and Relationship Challenges
a) Lack of Verification Adding to Love Scamming
When singles find love online, the last thing they expect is to be scammed by syndicates targeting their profiles.
The absolute lack of verification methods for most online dating services serves the scammer’s needs
completely as they steal photos and pretend to be someone else. 10% of new accounts on free dating sites are
scammers. Scammers have a modus operandi; creation of multiple dating accounts, falsification of profile details,
endless texting but never any face-to-face dates, and upon gaining the trust of the victim, getting the victim to
transfer money. Many of the victims never recover financially or emotionally from these scammers.
b)Over-focus on “Meeting” in the New World of Dating
Singles are finding it harder to find the right one (despite over 80% say they would eventually want to settle
down) as seen from the number of never married singles increasing worldwide.
Finding the right one is not just about finding the right match, it is also about “being the right one” and “choosing
the right one”.
c) Abuse of User’s Data and Poor Security
With limited repeat business (the more effective you are, the faster your customers leave effective dating
services) and the high cost of acquiring new leads, many online dating services/apps have gone rogue to
maximize on their monetization strategy. Essentially, the exploitation of the user’s own data and lack of
transparency is at the heart of the problem. The current centralisation of users’ data in the databases of dating apps and sites also means that a successful hack (e.g. Ashley Madison Case) could result in an embarrassing exposure for the
users’ personal data.
d) Increasing Relationship Challenges
More marriages worldwide are failing than ever before. In the United States and Europe, the divorce rates range
from 53% to as high as 70%. Even in conservative Japan, divorce rates have jumped 4 times in the last 30
years with 1 in 3 marriages ending in failure. One major challenge many couples experience is the dearth and
eventually death of romance after the honeymoon years. This lack of romance or taking one another for granted
lead to boredom and lack of connection which contributes towards a marriage breakdown.
e)Confusion on which Advice to Follow
People are turning to a multitude of avenues for dating and relationship advice ranging from family, friends,
books, internet search and forums.
f) Privacy Issues and Stigma
Marriage counselling is a service that is readily available in most countries. However, many are still reluctant to
seek help as there is often a stigma attached to going for marriage counselling. Marriage counselling is often used as the last resort and often, when it is too late.
2 The Marketplace opportunity for spending on dating and relationship
Spending on love is often seen as an investment whether one is looking for the right partner or one is sustaining
a relationship with one’s mate. The more developed a society is and the more disposal income it has, the more
it spends on dating and relationships. The following are some opportunities for increased spending on dating
and relationships.
a)Preparation for Dates
When it comes to dating, first impression counts. Singles who are better-groomed are more likely to succeed in
the dating and courtship phase compared to their less-groomed counterparts.
b)Dating Activities
Dating activities can be free like spending a day in the park or paid for like catching a movie together, enjoying
a premium meal in a Michelin star restaurant or for couples, going for an exotic holiday.
c)Gifts
Buying gifts is common among singles wanting to impress a potential mate, and for attached couples looking to
surprise each other on special occasions. Americans are estimated to spend around $19 billion on Valentine’s
Day just on buying gifts. In recent years, “Singles Day” (11th Nov) has become the world’s biggest online
shopping day where Chinese shoppers spent $25.3 billion in one day. Other special days where couples tend
to buy gifts include anniversaries, birthdays and Christmas.
d)Dating Services
The dating industry has risen from its infancy stage to now cover online dating sites, dating apps, singles event
organizers and matchmaking services. The choices of dating services available for the singles strongly indicates
that there is growing demand around the world.
e)Proposals and Weddings
Proposals, wedding planning and the actual wedding itself is estimated to be a US$300 billion market worldwide
as couples are prepared to splurge on the celebration of their union.
f)Education/Counselling
Education and counselling services have grown aggressively over the past decades ranging from “pick up artist”
classes for single men, date coaching, books, videos and counselling services that attempt to mend
relationships or salvage marriages that have gone wrong. Over time, the education and counselling segment of
the industry has grown from strength to strength.
g)Global Addressable Market Size
The dating, courtship and relationship related spending market is estimated to be at least $800 billion.
Dating Service + Education Services + Gift + Relationship expenses
https://viola.ai/?r=01f0ac3beee5
Benefit of Viola.AI
Advantages:
- Decentralised infrastructure with end to end encryption and Real ID verification and security
- AI Engine used as Love and Relationship adviser thus making dating easier for singles and relationships better for couples
3.Transparent in nature and addresses the current conflict of interest faced by dating services - Powered by trustless smart contracts
- Reduces workload for users by providing personalized matching, relationship advices, dates coordination, purchase of goods and services, date and romance ideas and content
- Provide timely, scheduled and on-request advices and actions based on relationship status and needs
- Provide discreet and non-judgmental connection for users
- Existence of Wallet, Token and hedged escrow system
- recommendation based marketplace for goods and services, community crowd wisdom and advice
- Technology based on AI with machine learning engine capability
- Well written White Paper- Excellent quality
- Real and experienced team
- Bounties available
- Business Model verified by Katalyst
- Still in Pre ICO stage and ICO to be launched on 15th March
- Quality of Project : Excellent
- Unused token will be burned
Website: https://viola.ai
Total Supply: 250 million
Price: 0.20usd
Pre Sale: 7.5million tokens
ICO Sale: 50% total supply
ICO start Date: 14th Mar 2018 for 30 days
Soft Cap: 1 million usd
Hard Cap: 17million usd
Bonus available from 30% to 0%.
https://viola.ai/?r=01f0ac3beee5
Disadvantages:
- Long Term Price appreciation with 36 months road map
- No FOMO or Pump and Dump expectation..if you have no patience then it is not for you.
Analysis:
Based on the current supply of 125million tokens of 0.20usd per token, the market cap is usd25million is considered reasonable .
If we compare with the 50th current cap of 281millusd, the potential profit is 11x. If we compare with 10th Market Cap of 6287mill usd , the potential profit is 251x.
Over the long term, this token is a very high potential.
Recommendation: I am buying and i do not know about you.
Join Now: https://viola.ai/?r=01f0ac3beee5