URAllowance ICO (URA)

UrAllowance is creating a decentralized wallet app built for familial housework organization - a novel idea with few competitors in the industry, which UrAllowance has discussed in their whitepaper. The CEO is moderately experienced and the CTO is experienced, but there is a lack of development team. A platform alpha has been released and further developments, including URWorld: Mixed Reality Edition and beyond, are scheduled. As there is no development team, product realizability may be impacted. There is also a lack of experience in financial blockchain products within this team. The marketing team member has not had much marketing experience, which may coincide with the average marketing efforts and a low response from the crypto community. Additional warning signs included: 17% tokens going to the team (though this differs from the whitepaper, which states 18.6% to advisors and team), as well as a lack of regulation discussion. There were difficulties verifying partnerships, too. Bigger warning signs included missing social media for one of the co-founders, the CTO’s previous experience being difficult to verify, and one of the cofounders appears to have been involved with a problematic company previously.