ICO Insights - Bethereum review
A short informative review of the Bethereum project focused on theteam, technology and token analytics. All information is valid on April 10, 2018.
Website
ICObench score 5.0 was the original score assigned by ICO analyzer bot, expert scoring reduced it to 4.3; it’s misleading to keep the original score on the page.
Smart Contract audit icon leads to ICO evaluation and listing page, however this page doesn’t officially offer Smart Contract audits nor does it list Bethereum in their ICO list.
“As seen on” contains:
- 4 paid advertisement articles: Cointelegraph; CCN; Coinist; Cryptonetix
- 1 article published by the team: Hackernoon
- 1 article available only in the Czech language: Arbolet
- The rest (6) are event presentations and articles which could constitute an organic interest in the project.
Community (as of April 10, 2018)
- ~52,400 members on Telegram (~80% joined between March 2, 2018 and March 15, 2018)
- ~20,400 followers on Twitter
- ~17,600 followers on Facebook
These numbers might be highly affected by the Airdrop connected to their Bounty program with 46,371 members (https://bounty.bethereum.com).
Technical solution
There’s an MVP in form of an iOS application to show the social features of Bethereum platform.
There’s no MVP for Android or web browser.
The MVP uses virtual infrastructure, it’s not connected to blockchain nor using Smart Contracts, the user experience might be different in the final product (every operation will have to wait until it’s processed in a block by the Ethereum network).
As every dApp running on Ethereum blockchain, it will compete for transaction processing — bets might be costly or delayed (one viral dApp like CryptoKitties might block the network for days).
By default every transaction, bet and profit would be visible and accessible to everyone (including legal and tax authorities), whether its a feature or not.
GitHub activity
https://github.com/bethereumproject
ICO Smart Contract is available in Bethereum GitHub since April 10, 2018.
No public repository for the project or the MVP.
No publicly visible activity since February 4, 2018 (Telegram bots) until ICO Smart Contract update on April 10, 2018.
ICO metrics
BTHR token, 600,000,000 tokens for sale.
Token contract address: 0xa02e3bb9cebc03952601b3724b4940e0845bebcf.
Current supply of minted tokens.
ICO contract address: 0xc0744398121cE2209e4d130671AE9910343B08EA.
ICO contract audit report not available.
Deployed ICO contract is confirmed to be the one in GitHub.
Private pre-sale:
- exchange rate 26,250 BTHR per 1 ETH
- stated minimum for pre-sale: 25 ETH
- No limit exists based on ICO contract transactions.
Public (pre-)sale exchange rate:
- 1st phase: 22,750 BTHR per 1 ETH
- 2nd phase: 20,125 BTHR per 1 ETH
- 3rd phase: 17,500 BTHR per 1 ETH
Complete ICO metrics are specified on GitHub.
Unsold tokens will be burned.
Team tokens are fixed on 400,000,000 BTHR, not depending on ICO performance.
Vesting contract is not available, stated vesting period for team tokens is unconfirmed.
Team (based on LinkedIn profiles)
Peter Gal (Co-Founder)
- joined Bethereum in December 2017
- member of The Bitcoin Foundation
- prev. experience: management positions in telco and banking industry
- Was employed by T-Mobile SK at the same time as Giacomo Tognoni.
Martin Herman (Co-Founder)
- joined Bethereum in March 2017
- Currently active also as a Founder of Powerful Digital and Co-Founder of Powerful Medical.
- prev. experience: entrepreneur, software engineer
- Statement regarding Silicon Valley startups is unconfirmed.
Giacomo Tognoni (CEO)
- joined Bethereum in March 2018.
- Currently active also as a Co-Founder and CEO of Aykiro.
- prev. experience: management positions in telco and IT, entrepreneur in mobile gaming
- Was employed by T-Mobile SK at the same time as Peter Gal.
Philip Staehelin (Strategy Advisor)
- advisor since December 2017
Dite Gashi (Blockchain Architect)
- advisor since January 2018
Monja Prole (Betting Advisor)
- advisor since December 2017
Viktor Mikulasek (Strategy Advisor)
- No entry regarding Bethereum in LinkedIn profile — unconfirmed.
Peter Dendis (Token Sale Advisor)
- advisor since January 2018
David Stancel (Blockchain Advisor)
- No entry regarding Bethereum in LinkedIn profile — unconfirmed.
Ondrej Sarnecky (Blockchain Developer)
- joined Bethereum in September 2017
- Currently active also as a Blockchain Technology Consultant in Blockchain Slovakia.
- prev. experience: web developer
Michal Ugor (PR Advisor)
- No entry regarding Bethereum in LinkedIn profile — unconfirmed.
Sarah Weiss (Marketing Manager)
- joined Bethereum in December 2017
- Currently active also as a Stage Manager, Artist Coordinator, Social Media Content Creator in The Legits Blast, Founder of ByBase and Professional Dancer and Event Organizer in Street Dance Academy.
- prev. experience: event manager, peer mentoring and coaching scheme
Robert Herman (Community Manager)
- joined Bethereum in March 2017
- Currently active also as a Co-Founder of Powerful Medical and medical student until 2021.
- prev. experience: medical researcher
Michael Watzke (Fullstack Developer)
- No entry regarding Bethereum in LinkedIn profile — unconfirmed.
Michael Duzek (Fullstack Developer)
- joined Bethereum in July 2017
- Currently active also as a Co-Founder of We Make Games.
- prev. experience: missing information from 2013 to 2017
Viktor Jurasek (Head of Marketing)
- joined Bethereum in December 2017
- Currently active also as a Creative Director in Powerful Digital.
- prev. experience: graphic designer, creative director
- Was employed by Plat4M at the same time as Juraj Karovic.
Juraj Karovic (UI & UX Designer)
- joined Bethereum in January 2018
- Currently active also as a Senior Graphic Designer in Sourcecall, Founder of Goodfridays and Co-Founder of Goodfridays Digital.
- prev. experience: senior graphic designer
- Was employed by Plat4M at the same time as Viktor Jurasek.
Jan Slobodnik (Content Writer)
- joined Bethereum in September 2017
- prev. experience: none
Adam Vrabel (Motion Designer)
- No entry regarding Bethereum in LinkedIn profile — unconfirmed.
Kenneth Kumor (Advisor)
- no linkedin profile
- Untraceable person by name, picture or provided information.
Daniel Suchanovsky (Developer)
- No entry regarding Bethereum in LinkedIn profile — unconfirmed.
Missing information
How will the users get Ether in the Bethereum wallet for settling transaction fees (gas) on the Ethereum network?
How will the users define how much gas should be used for their transaction? Higher amount of gas means that the transaction will be processed by the Ethereum network with a higher priority; it’s important when there’s a high load on the Ethereum network.
How will the users be able to convert BTHR token + remaining Ether back to fiat?
What Oracle will be used, how will be its independence and credibility guaranteed?
How will the project be secured legally? Betting might be regulated, grey area or even illegal in some countries, users might be from all around the world, blockchain will make participation in the bets visible to everyone and therefore the process should be fully legally compliant.
What partnership are planned in the B2B area and what steps were already taken?
How will the ICO earnings be protected from theft or abuse?
How much from the ICO earnings will be converted to fiat and how much kept in cryptocurrencies? If the project decides to speculate on a cryptocurrency growth and the market collapses instead, the project might get into financial problems.
Disclaimer: The above is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
