Blockshipping ICO — Looking at the Project from an Investors Perspective + Conclusion & Outlook
This is the last part of the 5 part Blockshipping ICO series. If you want to catch up with the series first before reading through this article, check out the first, second, third and fourth part of the Blockshipping ICO review series. I guarantee you won’t regret it!
In this part we’ll look at the initial coin offering in order to decide how profitable an investment in this venture could be. I mention it over and over again across my reviews: No matter how promising the idea and how ambitious the project, if they are not profitable at the end of the day the investors are those who are going to pay the price for it. Based on the fact that we want to establish a rock-solid foundation across our financial assets, which also include these ICOs, we have to take a close look at how the fund are going to be used and how the growth of the business is going to be achieved. First off, let’s look at the offer Blockshipping is bringing to the table
The Token Sale
Another important thing I’m always pointing out is the overall tokens available for the public sale. Businesses running ICOs offering a mere 10–20% of the tokens, giving them an insanely high valuation should be avoided at all costs. This not only supports a centralized system but also is prone to price manipulation such as insanely severe price dumps and pumps across the board. So what do we have to look out for? Exactly — the ratio of total tokens to token up for sale. Blockshipping is one of the few ICOs I’ve come across lately that offers such an high amount of tokens for the public. Out of the 50M tokens generated, 42.5M will be offered during the ICO. This means 85% of tokens are being distributed across individual investors. This is one of the highest allocations to the public I’ve ever seen during my 14 months in the ICO space!
The exact allocation states that 40M tokens will be sold and 2.5M will be used as bonuses during the pre and public sales. With the CCC token priced at $0.62 and 40M being directly sold, Blockshipping is aiming to raise about 25M USD which therefore represents the hardcap for their ICO.
The remaining tokens will be allocated amongst the Blockshipping team (5% or 2.5M tokens) while the remaining 10% (5M tokens) will be reserved for advisors, strategic partners and media coverage (i.e. marketing).
Conclusion & Outlook
After spending several nights digging through the Blockshipping website, whitepaper and public media coverage articles, as well as participating in several dialogs through their Telegram teams asking questions over questions, I have formed my own opinion on the project. I understand that this article series (consisting of like what, 3000 words?) won’t do justice to the size of this project; however I tried to highlight the most important facts about Blockshipping and hope I could represent their project in a realistic and adequate manner.
If you’ve read through all five parts of this series, you probably have formed your own opinion as well. Based on the fact that I’ve read through several projects targeting the logistics industry, Blockshipping is by far the top player when it comes to the seaborne container shipping sector. Their level of expertise in this industry is unmatched and so are their ambitious goals. A successful realization of the GSCP and its value proposition would have an immense impact on the global shipping industry. Besides the monetary advantages, the reduction of CO2 is another huge pro the GSCP could solve.
Personally I could imagine that Blockshipping is looking at potential global support from governments if the CO2 reduction factor is being picked up by politicians or people in power responsible for the preservation of the environment. The backing of governments would be an insane advantage that could boost the global implementation of the GSCP while launching Blockshipping and its investors into the ROI stratosphere.
While this remains merely a speculation of mine, I don’t think it’s too far-fetched. With this being said, I hope I could help some fellow investors making up their mind whenever or not they are going to invest into this venture or not. In my opinion Blockshipping and the GSCP have a bright future ahead of them. They do what others don’t dare to dream about and have the entrepreneurial spirit you need to succeed in today’s fast paced world. Or as Georg Cantor would put it:
Great innovation only happens when people aren’t afraid to do things differently.
Invest wisely and stay rational my friends, until next time.
