Permian ICO (PMN)

Permian is an ICO aiming to monetize oil assets via the blockchain. The Permian ICO has a number of decentralized competitors in a field that is often saturated by government backed corporations. There are a number of concerns with this project. Firstly is the team. There is a very small stated team on their website. The stated CEO has little to no experience in the managerial field and the Head of Business Development has minimal experience in managerial positions. The stated CTO has no experience in the development field, and does not state his place of work on his social media accounts. There is no stated development team. The project has currently not started development. There is no designated CMO for the project, something which reflects on their marketing and community. They have a very poor presence and following on all of their social media channels. There are a number of other concerns for this project. Including the whitepaper which is missing crucial information such as a decentralized competitors analysis, information on the hardcap, and a long-term plan. Additional concerns for this project include a lack of a whitelist/KYC and a x13 difference between the soft cap and hard cap.