Wysker ICO rating

Introduction
Hype score: Low
Risk score: High
Investment potential: High
Category: Shopping, smartphone, cryptocurrency

About Wysker
Founded: May 2016
Founders: Tobias Haag, Ann-Lauriene Haag, Kai Jaeger
Website: www.wystoken.org & www.wysker.com
E-mail: [email protected]

Product rating ★★★★☆
Wysker is the first blockchain powered shopping app, and is ready for launch globally on iOS and Android right after the pre-sale. That means the investors can try the app before investing on the ICO which is starting on the same date as the app launches.

The product let’s users navigate by using a joystick, and they can view up to 30 items per second. They can easily navigate back and forth between different items and product categories. Users earns WYS tokens by viewing products and can trade them for discounts later when they want to buy a product.

The app is so innovative that it probably either will be a massive success, or fail totally. It’s depending on a hype and mass adoption to be a success or it will have a hard time succeeding. The competition is also very tough in these markets and it’s hard for new businesses to fight against the big companies. But the product is great and has a big potential.

Media has written a lot about Wysker and the expectations are very high. Manager Magazin compares Wysker with Tinder of shopping, and Frankfurter Allgemeine Zeitung claims that the Wysker idea is more radical than Google and Facebook ever were.

A demo video of Wysker can be watched here:

Team rating ★★★★☆
Wysker has a big team of 27 (including investors and advisors) with a lot of experience, from Microsoft, Google, YouTube, Caltech, Fintech, and Deutsche Bank among them. The experience is in a wide range of different markets which is a good thing. At this point only one employee has a background from blockchain (Ledgers Cryptocurrency). The experience with creating wallet systems is in this case perfect for Wysker.

According to the website they do not have any employees working with marketing, sales or support yet. That can be a crucial point when they’re going out to sell their products to users and suppliers/shops. With not a dedicated staff for these tasks, they will have to use resources from other fields inside the team.

ICO details and rating ★★★☆☆
Pre-sale date: November 17th 2017 — January 31st 2018
ICO date: January 31st 2018 — February 28th 2018
Price: 1 ETH = 13 941 WYS + bonus
Hard cap: 107 000 ETH
Soft cap: None
Accepted: ETH

Bonus stages:
15/30 % — Pre-sale
15 % — ICO 1st week
10 % — ICO 2nd week
5 % — ICO 3rd week
0 % — ICO 4th week

Blockchain: Ethereum (ERC-20)
Ticker name: WYS
Total supply: 3.000.000.000
Amount available for pre-sale and ICO: 1.782.692.308

Wysker is the first German ICO and they have cooperated with KPMG to assure everything is done by the laws.

Wysker started the pre-sale for their Wys token on October 2nd 14:00 UTC with a 30 % bonus. On November 1st 14:00 UTC the pre-sale ended and the ICO started with a 15 % bonus. One week later a parity bug on Ethereum multi signature wallets made Wysker have to suspend their ICO. Because of the bug they lost about $500 000 and decided to restart their pre-sale and the ICO. The new dates for the pre-sale are November 17th 14:00 UTC until January 31st 14:00 UTC. The ICO will be live from January 31st 14:00 UTC until February 28th 14:00 UTC.

When Wysker restarted the ICO, they gave the investors from the first ICO a 25 % bonus to all the tokens holders. And at that time Ethereum had a price around 300 USD. Now the price is around 800 USD which means that investors that wants to invest now have to pay 350 % more than the first investors did. That’s a huge difference in price. This can cause a dumping in price when the trading starts on exchanges. How big this problem will be is hard to say. They did not sell very much before they restarted the ICO (around 1 million USD), so if they raise more than that now the price of the token will be equal for the major of the investors.

What is a plus is the fact that you can try the finished product before investing in the ICO. That’s not very common in the cryptocurrency market.

Token distribution
60% to pre-sale and ICO investors
25% to the Wysker team
10% to Wysker users
5% to strategic partners

Use of proceeds (budget)
Wysker will spend the money generated from pre-sale and ICO in the following way:
35 % to develop the Wysker platform (including) backend, technology and frontend developments
25 % to develop the Wysker AdPlatform
15 % to cover marketing costs to expand the Wysker platform globally
10% to develop the business and sales network
10% to build expert knowledge in artificial intelligence and machine learning
5% to be reserved for security, legal, and accounting expenses.

Roadmap

Bounty program
1 % of sold tokens during pre-sale and ICO will be offered in the bounty.
Bitcointalk signature bounty
Twitter bounty
Social Blog post, Steemit, forum etc. bounty

Pros

• Very strong team
• Potentially a revolutionary product ready for launch globally
• Investors can try the product before investing in the ICO sale
• Good articles about the product in several respectable newspapers

Cons

• The Wysker project is depending on mass adoption in a tough market
• Very high hard cap on ICO
• Tough competition in the market. Big players can easily make their own version of the app I’m short time
• 350 % higher price for investors investing now than on the first ICO

Overall rating ★★★☆☆
Good product and project, strong team, but the competition is very tough in the shopping market with big players. Wysker are trying to revolutionize a market which is depending on a hype factor. It’s a risky investment, but the potential profit is very high. If they succeed it can be one of the best ICO’s of 2018. So the overall rating is a medium score.

Whitepaper
You can find more information about Wysker in their whitepaper here
https://www.wystoken.org/media/whitepaper.pdf