Chozun ICO (CZN)

Chozun ICO is a project aiming to create a decentralized tourist application. There is much saturation in the tourism industry with much more mature competition in both the centralized and decentralized fields. The project has two CEOs. One of the CEOs has a work history in managerial and leadership positions. The other CEO has some experience in managerial and leadership positions as well. Neither of the CEOs have any experience in the tourism industry. One concern for the team is the CTO. The CTO has very short past expereince on his linkedin and we are unable to verify the little that is stated there. However the project does have a strong development team. The project currently has a Beta product on several application stores. The product unfortunately does not function as intended and is at its current state not ready for the market. Another concern for this project is their lack of up to date information. On their website they state that they have a CMO however this person states on social media that he is no longer employed by the ICO. Nevertheless the project has an above average amount of presence and an above average followers on social media channels. Other concerns for this project include an incomplete whitepaper that is missing information such as a competition analysis, hard cap, and lack of planning for future regulation. Moreover, the hard cap is 25 times bigger than the softcap, which is very irregular, and the ICO doesn’t intend to do whitelisting or KYC for its investors.