Scam or Not: Priceless Object — are They Serious?
What is Priceless Object: the economic model for a standard of world citizenship
Project: Priceless Object is developing an economic mechanism to provide World Citizenship in respect for Human Rights above any dogma with the acceptance of any philosophy, cult or religion. The claimed value of The Priceless Object is $900 bln. The project is managed by the non-government organization (The NGO) and is going to have economic fiat reserve. It is going to issue and award supranational identity documents called Smart Passports to the token holders. The Smart Passport will initially exist in the form of a mobile app operated with the use of blockchain technology. The goal of the project is to become the starting point of a global change towards creation of World Citizenship.
Country: Australia
Website: pricelessobject.com
Analog: no
Date of ICO: December 27, 2018 — January 27, 2019.
Token price: 1 PO9K = 1 USD.
Purchase: KYC
What their token gives you: utility token.
What will happen to tokens: the total supply is 270 million. The tokens will be re-issuable and exchangeable.
Token allocation:
20,27% — PR;
18,02% — operational;
13,51% — further development;
12,61% — NGO foundation;
9,01% — software;
9,01% — contributors;
6,76% — advisors;
6,31% — legal service;
4,5% — outsourcing.
How much they want to raise on ICO: 99,9 million USD.
Where the money will go: N/A.
Team:
👤 Kelvin Huggins: Principal Director of The NGO. CCO at Soltec Agaveza.
👤 Diego Ignacio Perez: Finance Director of The NGO. CEO and Co-Founder at El Mundo Play.
👤 Carlos Del Monaco: Statistics Director of The NGO. Co-Founder and Operations manager at Sugar Cane Solutions.
👤 Dinko Anton Tudor: Legal Director of The NGO. Founding Director at Tudors, LLC.
Advisors: N/A.
Free tokens: N/A.
Roadmap:
The concept appeared in 2003 and in 2006 The NGO was registered. During the period from 2018 to 2048 the team is going to obtain recognition as a supernational and political entity.
Communication:
Twitter — 3
❗️Why scam
Concept: ★☆☆☆☆
The concept of the project is unprecedented so that it has no competitors. The idea of implementation blockchain technology is more or less clear as it deals with person’s identity with the use of smart passport. Though the idea of the project, on the whole, looks very utopian. In order the idea of this kind could become real, it would require much more resources, such as much bigger team, big budget, active promotion, and more. Though the Priceless Object doesn’t have all that. The hard cap is really big and it is not clear how it is going to be achieved with no promotion at all.
Token: ★★☆☆☆
PO9K is a utility token created on the Waves platform. Its value is pegged 1:1 to the USD. The token holders will enjoy the status of Pioneering citizens of this economic proposal. The token functions are described, though there isn’t enough information about token metrics and economy. It’s not clear what will happen with unsold tokens.
Crew: ★☆☆☆☆
Information about the team members is provided with LinkedIn profiles. The biggest drawback is that the size of the team which is not enough for a project of such a scale. There are no advisors.
Communication: ★☆☆☆☆
There is a complete lack of information about the project development or promotion. There are neither groups in social networks nor media coverage.
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