Feedchain ICO (FEED)

Feedchain ICO is aiming to create a decentralized market place for dining and food products. There are a number of both centralized and decentralized competitors, however few have as a mature product as Feedchain. Nevertheless Feedchain is lacking a competition analysis in their whitepaper. Feedchain is currently in Beta stage, however the product is not functionally nor graphically ready for the market. The project’s CEO is also the stated CTO. As CEO he lacks any managerial experience, however as CTO he is very well experienced in the development field. The development team behind is split with about half having experience and half not having experience. The project is lacking both a legal and industry expert. On top of this the project does not have an experienced CMO. This reflects on their marketing and community status. The project has an average amount of posts on social media, however, has a below average amount of followers. There are a number of concerns with this project including the inability to verify stated partnerships, a below average lock up period, 1 month, and an above average difference between the soft and hard cap x 35.