TOKIA is a wallet, exchange and a direct crypto payment card created to simplify all operations and make them more convenient for all crypto currency conversions. The idea on itself is not amazing. they offer free exchange fees, depending on the number of tokens you own. Basically, it not really free, you just have to have less transactions costs than 10 x your amount of tokens. The team is small and not impressive. the ICO is not really hyped, but they did manage to get soft cap of 1,5M in 7 hours. The project won’t be ready before end of 2018. Their market cap is opaque because they have a total of 50M tokens + 25%.
they compare themselves to TenX and Monaco, and I’m not sure it’s a great idea. TenX for instance lost 30% of it’s value since the launch. so basically the opportunity here is to buy the tokens with the 47% bonus and sell it immediately. Keeping it might be a loss and I don’t plan to use their services. So, should I invest?
31/01/18: Decided not to invest because:
1. ICO is too long
2. Team is too small
3. There is absolutely no product in sight
Better keep my ETH for something else.
Have to think about it a bit more.