ParcelX ICO Review

 

ParcelX promises to be the first truly decentralized logistics blockchain that fills the needs of logistics providers. Prior to ParcelX logistics blockchains claim to be decentralized but in reality they are still tied to the traditional blockchain system where a number of servers still hold a disproportionate chunk of the blockchain.

Key Statistics

Premise

4/5 – Excellent

Blockchain technology is slowly reaching its maturity phase. For an ICO to succeed it must have a fine premise that will set it apart from the myriad of competitors who are already in the market.

ParcelX promises to be the first truly decentralized logistics blockchain that fills the needs of logistics providers. Prior to ParcelX logistics blockchains claim to be decentralized but in reality they are still tied to the traditional blockchain system where a number of servers still hold a disproportionate chunk of the blockchain.

IBM is the closest competitor and it can pour its massive resources into an all-out effort to create a similar system effectively drowning out ParcelX. But until IBM, a vast international corporation can get out of its own inertia ParcelX stands to be the only player in the field that can offer its unique premise.

Another plus is that they are planning to provide their own liquidity market so people can exchange their tokens back to fiat. This would be handy in the case when no exchanges would list their ICO tokens.

They are planning to create a stable coin backed by fiat. Honestly, I don’t think that is a good idea but I’m not saying its a bad idea either. It’s just a wild card. its good in the sense that it would lessen if not protect their token from the volatility of the crypto market but pegging any token to fiat might compromise the platform due to government oversight. overall reviewable

Team

4/5 – Very Good

The ParcelX team boasts of some of the top talents in their respective fields. These are not beginners who are latecomers to this rapidly developing field. Hence would be investors should be confident in the knowledge that ParcelX put together the best team possible.

Of course, no ICO company is complete without a list of venerable advisors who will provide the additional experience and wisdom that the team, professional in their specific field they may be, still lacks. ParcelX is no pauper is this regard. They have recruited a fine array of advisors who will help bridge any gap in the knowledge of the already highly experienced team.

Token

5/5 – Perfect

ParcelX will issue ERC20 coins.

What makes to ERC20 coins valuable and what will guarantee their value is the fact that ParcelX has a unique value proposition. It will attempt to create a substitute for Mastercard and Visa as a payment clearing house.

This will mean that the ParcelX token will be traded quite frequently as it is used as a convenient way to exchange value. If the ICO is successful ERC20 coins will move frequently and accumulate value as it is used more and more.

Risk

2.5/5 – High Risk

The main problem is ParcelX is just one of the dozens if not hundreds of other ICOs that are happening. ICOs are all the rage in 2018 and everyone is trying to get into it.

This means that even if the company has an excellent value proposition a large number of possible competitors. The value proposition can only get them so far since there is a lot of competition out there for the money that is earmarked for ICO investment.

In addition, because ParcelX is attempting to offer a new and unique application of Blockchain technology then there is not much experience in this field. This may lead some investors away due to the lack of past success or failure.

Summary

4/5 Very Good

At the end, ParcelX is worth a second look and perhaps even some investment. While there is the risk that ParcelX will be drowned out by the sea of people also trying to offer their product, there is a reasonable chance that investors will end up taking their money somewhere else.

That being said, those who understand how ParcelX works would be remiss if they pass on the opportunities offered by this investment.

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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.

The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.

Reviews

A decentralized logistics platform

★★★★☆
4 5 1
I could see the appeal of this ICO. A decentralized global logistics blockchain platform. According to them, the airbnb of crypto as they claimed. There are a number of logistics/Supply chain ICOs but few of them claim to be truly decentralized and Parcel is one of them. There is no question that this ICO fills a need (provided that they are as decentralized as they claim otherwise many companies wouldnt want to adopt their platform) although there are some dangerously healthy competition. IBM is very big on logistics/supply chain blockchains and they have more resources and connections so this ICO poses a bit of risk. Another + is that they are planning to provide their own liquidity market so people can exchange their tokens back to fiat. This would be handy in the case when no exchanges would list their ICO tokens. They are planning to create a stablecoin backed by fiat. Honestly I dont think that is a good idea but Im not saying its a bad idea either. Its just a wild card. its good in the sense that it would lessen if not protect their token from the volatility of the crypto market but pegging any toke n to fiat might compromise the platform due to government oversight.

ParcelX ICO Review Overall rating: 4 out of 5 based on 1 reviews.

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