There are already several projects aiming to create tokenization protocols, which already raised money. For instance, BankEx which creates PoA protocol to tokenize different types of assets, already raised 70M USD and is about to launch asset-backed exchange. The regulation behind investment funds might be a significant barrier to growth for Nousplatform.
Facebook page seems pumped. There are 26K+ likes, while the average activity for the other social networks is no more than 3K. As Nousplatform will provide its services to investment funds, the legal framework for establishing Nousplatform is one of the most critical aspects of the business. Currently the product is not available to test, there is no public beta and no information if MVP is ready.
The model might be unsuccesful if not compliant with the current investment funds regulations.
The amount of kept tokens - 80% - is high. Nousplatform may have high levels of complicance risk in case all the requirements of Regulation D of the United States Securities Act will not be followed. The expenses distribution is not given in a detailed manner. Hard Cap is above the median values for comparable companies. The rationale behind issuing two types of tokens is not clear.
The CEO of Nousplatform was only selected in January and is still employed at his previous job. The core team is spread around the globe and is not fully operates from Edinburgh - the city where Nousplatform is registered. Blockchain developer of the product is not employed by Nousplatform, according to his LinkedIn profile. The technical part of the team does not have strong expereince. The front-end developer is majored in education and does not have prior relevant development experience. The experience of several developers of Nousplatform cannot be verified via Linkedin.
According to research published by Boston Consulting Group, global assets under management (AuM) placed with traditional managers in 2016 grew by 7%, to 69.1 trillion dollars. The marketplace for the Nousplatform and Protocol is diverse and potentially large in volume. For example, BlackRock, Inc. alone manages $5.5 trillion in assets. As everybody knows, there are many hedge funds, banks, institutional investors, private investment funds, family trusts, venture capital funds and many more investing entities. At some point a plurality of these entities will implement blockchain technology; it is a promising method to limit liability and increase profitability by overcoming major obstacles. Yet today, the ratio of tokenized assets to traditional assets remains miniscule. However, there are already several projects aiming to create tokenization protocols, which already raised money. For instance, BankEx which creates PoA protocol to tokenize different types of assets, already raised 70M USD and is about to launch asset-backed exchange. The regulation behind investment funds might be a significant barrier to growth for Nousplatform.
Currently the product is not available to test, there is no public beta and no information if MVP is ready. The launch of beta version of the Nousplatform in Ethereum Testnet anticipated in March-May 2018 Nousplatform aims to create a platfrom which will connect funds and investros. Fund managers operating on the platform will receive a complete set of technology tools for managing their funds and interacting with investors. By using the Nousplatform, an investor will be able to invest in any resident fund at any time by purchasing equity shares with NSU utility tokens. At the first stage of development, the Nousplatform will support five types of funds: 1. Open-ended Investment Funds 2. Closed-ended Investment Funds 3. Venture Capital Funds 4. Charitable Funds 5. Family Trust Funds
Nousplatform will allow businesses to tokenize existing assets and utilize the ecosystem as a launching pad. In return, Nousplatform will acquire shares of companies that utilize the platform and will participate pro-rata in the profits derived from the subscriber companies’ activities. Nousplatform will then endeavor to distribute these profits as a dividends to the Nousplatform NSS token holders. Additional income opportunities may come from the following: 1. Fees and income associated with startup launch and support 2. Real estate acquisitions, development, sales and rental 3. Acquisitions of the shares of companies in tangible segments of the economy 4. Fees and income associated with launch of funds
Nousplatform will issue two types of tokens: NSU and NSS. NSS tokens will be used as security tokens: All Nousplatform shareholders, including NSS token holders, will be able to participate in dividends declared by the company, payable out of retained earnings derived from profits generated by all acquisitions, successful startup launches, successful joint ventures and any other profits of Nousplatform. NSS tokens will be restricted against distribution by their initial purchaser for a period of 12 months from the closing date of the sale of all NSS tokens. The NSU Token is a utility token are being designed as in-platform currency to establish enhanced functionality of the Nousplatform. Only accredited investors will be able to participate in ICO, as established by AML and KYC documentation. All NSS tokens will be restricted against transfer for a period of one year after the sale of all NSS tokens. The NSS tokens will not be available for sale on any exchange and will not be transferable to any person or legal entity other than permitted transfers to legal representatives or for estate planning purposes. All NSU tokens retained by Nousplatform will vest over time. None of the retained NSU tokens will vest over the first 4 months following their issuance; thereafter 5% of the retained NSU tokens will vest per month for a period of 20 months. The total vesting period is 24 months. The expenses distribution is not given in a detailed manner.
Overall, the experience of the team is weak in terms of the technical side of the product. The CEO of Nousplatform was only selected in January and is still employed at his previous job. The core team is spread around the globe and is not fully operates from Edinburgh - the city where Nousplatform is registered. Blockchain developer of the product is not employed by Nousplatform, according to his LinkedIn profile. The technical part of the team does not have strong expereince. The front-end developer is majored in education and does not have prior relevant development experience. The experience of several developers of Nousplatform cannot be verified via Linkedin.