Ongoing Tycoon Pre-ICO/ICO Review 2019/01/21–2019/05/02 [Bounty]

Marengo

Marengo

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Hello, I published a detailed review of the ICO Tycoon.io project on our blog. Now I suggest focusing on important details. Below you will find only the missing puzzles for an investment solution.

Tycoon-ico-review.jpg


ICO / PreICO Details

The administration collects funds in 2 stages:
  • Pre-ICO — from July 22, 2019 to October 30, 2019;
  • ICO — from November 11, 2019 to November 30, 2019.

Token: Tycoon / TYC
Type: ERC-20
MVP/Prototype: Yes

Country: Germany
Restricted area: USA
KYC: Yes

Price: $0.1 for 1 token
Accepting: ETH, BTC, Bank Transfer
Bounty: Yes, participants will receive their tokens 6 months after listing on exchanges

The creators of the platform put up for sale 60% of 140 million issued tokens. At the private sale stage, they plan to sell a maximum of 54% of the amount of all tokens. At this stage, their cost will be $0.07 with a minimum purchase price of $1,000. At the public sale stage, users will be able to buy the remaining number of tokens, at least 6% of the total amount of tokens for all investors. At this stage, they will be able to purchase any volume at a price of $0.1 per token. The platform will issue tokens after the completion of sales.

Benefits for Token Holders

TYC token provides subscribers with a discount on one of two schemes for the user’s choice.

Share fees
  • 1st year — 25%;
  • 2nd year — 15%;
  • 3rd year — 10%.
Connection fees
  • 1st year — 20%;
  • 2nd year — 10%;
  • 3rd year — no discount.

Tycoon.io Team Experience in ICO: List of Past Projects

None of the project team members had previously participated in the ICO, except Timo Trippler. He holds the post of ICO advisor in Tycoon.io project. List and results of completed ICOs in which he participated:
  1. Welltrado — ICO ended on 25th Jun 2018, ~$2,750,000 raised, $0.0171 price in ICO and $0.0039 current price for WTL on coinmarketcap;
  2. Era Swap Token — ICO ended on 31st Dec 2018, ~$218,304 raised, $0.4580 price in ICO and no matches with EST on coinmarketcap;
  3. Bither — didn’t collect the soft cap;
  4. Guider — didn’t collect the soft cap;
  5. PlaceToRent — didn’t collect the soft cap;
  6. Cryptolancers — didn’t collect the soft cap;
  7. Winnest — ICO ended on 4th Mar 2019, ~$4,776,404, $0.0050 price in ICO and no matches for WNC on coinmarketcap;
  8. CZero — didn’t collect the soft cap;
  9. Bitdepositary — didn’t collect the soft cap;
  10. Review.Network — ICO ended on 30th Sep 2019, ~$1,500,000 raised, $0.0112 price in ICO and no matches for REW on coinmarketcap;
  11. Natmin ICO ended on 31st Dec 2018, ~$9,485,000 raised, $0.1000 price in ICO and $0.0001 current price for NAT on coinmarketcap;
  12. SmartContractChain — didn’t collect the soft cap;
  13. TITA Project — didn’t collect the soft cap;
  14. Synapsecoin ICO end on 31st May 2019, ~$420,000 raised, $0.0250 price in Pre-ICO and no matches for SYP on coinmarketcap;
  15. TrustBar — didn’t collect the soft cap;
  16. GramGold Token — didn’t collect the soft cap;
  17. Faxport — didn’t collect the soft cap.
As you see, this cryptoexpert took part in 17 projects, 11 of which did not even collect a soft cap. Of the remaining 6 projects: 4 have no matches on coinmarketcap now, and the other 2 fell in price by 77.19% and 99.9%, respectively. I am wondering what with these 4 projects whose tokens are not tracked through coinmarketcap. But this is a completely different story.

Summary

Tycoon.io was created specifically for traders who wish to expand their income by selling subscriptions to their successful transactions. For subscribers who want to receive relatively passive income later, buying tokens now makes no sense — they will be able to buy a subscription for a fixed price in dollars in the future.

The single official site: Tycoon | Social Crypto Trading. Made Simple.
Official Telegram Channel: Tycoon
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