Auctos

The world's first retirement plan platform with traditional and cryptocurrency assets, powered by smart contracts & robo advisory.

About Auctos

Auctus aims to be a global investment platform that gives users control over their retirement plan by allowing the creation of optimized portfolios of bonds, stocks, and cryptocurrencies, providing the information necessary to make well-informed decisions, using blockchain to increase transparency and automation, and ultimately increasing trust towards the chosen retirement plan. Transparency and automation are to be integral aspects of the platform, which is intended to include robo advisory services and a dedicated marketplace.
Competitors: Dropil, Tontine Trust, Bitcoin IRA, Merril Lynch, Fildelity
Uniqueness/Advantages to competition: Aims to be a fully decentralized, complete retirement investment platform, capable o managing various types of assets including cryptocurrencies.

Token Sale Use of Blockchain

Product

3.4
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

There is currently a publicly accessible and very active github repo, as well as an alpha platform available for testing. Complete beta blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2018 (see Roadmap).
There is appeal to the Auctos product, given the increasing demand for decentralization of assets and the ability to have a crypto-based retirement plan. The potential / target user-base will grow with natural population development and cryptocurrency adoption in the general population. There is currently some large, centralized, legacy competition in the retirement sector, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: Dropil, Tontine Trust, Bitcoin IRA, Merril Lynch, Fildelity

Product Whitepaper

Use of Blockchain

3.6
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.

Use of Blockchain

The project’s contribution to blockchain development is in creating a blockchain-based, decentralized platform for retirement asset management. There is a disruptive advantage as the platform is directly aimed at disrupting the traditional, legacy, financial giants in retirement-savings management, and allow for the inclusion of crypto assets. There is need for a custom token, which allows for pricing and settlements as well as interaction on the platform. The contribution to the blockchain ecosystem is in developing a new decentralized platform for retirement asset investing and mangement.

Use of Blockchain Roadmap

Whitepaper

4.8
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

5.0
N/A
5 - Crystal clear. Enjoyable.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

5.0
N/A
5 - Thorough, viable, convincing, promising.

Whitepaper

The whitepaper is very well put together, professional and aesthetic, and contains a good mixture of media and textual explanation. The whitepaper is a fairly long at 57 pages, however can be easily read and understood due to the amount of presented media and the organization of the text. The whitepaper provides high level information and includes main sections which are each described in detail: Vision, Value Proposition, Market Overview, Issues, Why Smart Contracts & Blockchain, The Auctus Platform, Technology, Token Model, Go to Market Strategy, Team & Advisory Board, Collaborations, Roadmap, Development Milestones, Token Sale & Allocation, Use of Proceeds, Marketing Strategy. The business and technology plans behind Auctos are detailed and concisely explained including detailed textual and graphical explanations. References are provided in footnote form.

Whitepaper Compliance

Roadmap

3.2
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

A milestone roadmap is given on a quarterly basis. Obstacles lie ahead as final platform/blockchain development and public platform launch will occur after the ICO. The roadmap is vague and no descriptions are provided of the intermediate steps required to complete each milestone.

Roadmap:
Q3 2017 – Pre Sale
Q4 2017 – Advisory Board / Auctos Demo Launch
Q1 2018 – Strategic Partnerships / Development of Alpha Auctus Platform / Initial Token Sale
Q2 2018 – Alpha promotion (feedback & adjustments) / Development of Beta Platform / Partnerships with Exchanges
Q3 2018 – Beta Release (analytics & advisory)
Q4 2018 – Ceres Release (crptocurrency assets)
Q1 2019 – Phoebus Release (tokenized assets) / Traditional Asset Management Licenses

Roadmap Company and Team

Compliance

3.4
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

5.0
N/A
5 - Professional and top-tier.

Compliance

The AUC-tokens have intrinsic value through their planned usage on the Auctos platform, allowing users to directly manage all their retirement assets via decentralized blockchain technology with diversification into cryptocurrency. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means for one to invest and manage retirment assets, but also allows interaction on the platform itself.
The token smart-contract infrastructure will be completed after the ICO, however there is an active github repo available for public review, as well as an alpha platform.
Compliance is addressed with direct statements of AML & KYC Due Diligence, and this is enforced with a manual screening process via whitelisting. The legal disclaimer states that the tokens are intended for use as functional utility tokens and are not viewed as securities. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security.

Compliance Token Sale

Company and Team

3.8
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

Auctos has an established team with 24 employees, 9 advisors, and 3 partnerships.
The core team has experience in finance (including economics, investments, fintech, financial services), law (including international law), software architecture and engineering, product development (including UX/UI and brand design), and blockchain/cryptocurrency/smartcontract platform development.
The partners are very reputable and include the Ethereum Enterprise Alliance (EEA) and Mulitchain Asset Managers Association.
The advisors to the project have experience in law, investments, capital mangement, fintech, and cryptocurrency/blockchain/smartcontract projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Many members of the team appear to be dedicated to other projects outside of Auctos. Some of the core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch.
Positives: The core team is well rounded and has previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Company and Team Product

Token Sale

3.6
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Auctos Token (AUC)
Token Price: 2000 AUC / ETH
Soft Cap: $3 million (reached during pre-sale)
Hard Cap: $20 million

Token Allocation
51% Public Contributiors
20% Auctus Core Team (2 year vesting with 6 month clif)
18% Reserve for Future Stakeholders (locked via smart contract for 12 months)
09% Partnerships and Advisory (80% of tokens with 6 month vesting and 3 month cliff. 20% of tokens will be immediately transferable after the close of token sale.)
02% Bounties

ICO Proceeds Distribution
42% Product Development
28% Business Development
18% Communication and Marketing
12% Other Expenses
(Further details regarding each category are provided in the whitepaper.)

Social Media Presence & Following
There is little community engagment and reception.

Product

There is currently a publicly accessible and very active github repo, as well as an alpha platform available for testing. Complete beta blockchain development/testing for the platform is planned to occur after the ICO, and the public release is planned to occur in 2018 (see Roadmap).
There is appeal to the Auctos product, given the increasing demand for decentralization of assets and the ability to have a crypto-based retirement plan. The potential / target user-base will grow with natural population development and cryptocurrency adoption in the general population. There is currently some large, centralized, legacy competition in the retirement sector, and blockchain competition will stiffen over time as cryptocurrency adoption continues.
Competitors: Dropil, Tontine Trust, Bitcoin IRA, Merril Lynch, Fildelity

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.4

Use of Blockchain

The project’s contribution to blockchain development is in creating a blockchain-based, decentralized platform for retirement asset management. There is a disruptive advantage as the platform is directly aimed at disrupting the traditional, legacy, financial giants in retirement-savings management, and allow for the inclusion of crypto assets. There is need for a custom token, which allows for pricing and settlements as well as interaction on the platform. The contribution to the blockchain ecosystem is in developing a new decentralized platform for retirement asset investing and mangement.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

2.0
N/A
2 - Some, mainly network effect.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

4.0
N/A
4 - Mostly decentralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

4.0
N/A
4 - Captivating.
Use of Blockchain Score:
3.6

Whitepaper

The whitepaper is very well put together, professional and aesthetic, and contains a good mixture of media and textual explanation. The whitepaper is a fairly long at 57 pages, however can be easily read and understood due to the amount of presented media and the organization of the text. The whitepaper provides high level information and includes main sections which are each described in detail: Vision, Value Proposition, Market Overview, Issues, Why Smart Contracts & Blockchain, The Auctus Platform, Technology, Token Model, Go to Market Strategy, Team & Advisory Board, Collaborations, Roadmap, Development Milestones, Token Sale & Allocation, Use of Proceeds, Marketing Strategy. The business and technology plans behind Auctos are detailed and concisely explained including detailed textual and graphical explanations. References are provided in footnote form.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

5.0
N/A
5 - All issues addressed coherently.
Readability

Is it easy enough to understand?

5.0
N/A
5 - Crystal clear. Enjoyable.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

4.0
N/A
4 - Informative disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

5.0
N/A
5 - Thorough, viable, convincing, promising.
Whitepaper Score:
4.8

Roadmap

A milestone roadmap is given on a quarterly basis. Obstacles lie ahead as final platform/blockchain development and public platform launch will occur after the ICO. The roadmap is vague and no descriptions are provided of the intermediate steps required to complete each milestone.

Roadmap:
Q3 2017 – Pre Sale
Q4 2017 – Advisory Board / Auctos Demo Launch
Q1 2018 – Strategic Partnerships / Development of Alpha Auctus Platform / Initial Token Sale
Q2 2018 – Alpha promotion (feedback & adjustments) / Development of Beta Platform / Partnerships with Exchanges
Q3 2018 – Beta Release (analytics & advisory)
Q4 2018 – Ceres Release (crptocurrency assets)
Q1 2019 – Phoebus Release (tokenized assets) / Traditional Asset Management Licenses

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
3.2

Compliance

The AUC-tokens have intrinsic value through their planned usage on the Auctos platform, allowing users to directly manage all their retirement assets via decentralized blockchain technology with diversification into cryptocurrency. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means for one to invest and manage retirment assets, but also allows interaction on the platform itself.
The token smart-contract infrastructure will be completed after the ICO, however there is an active github repo available for public review, as well as an alpha platform.
Compliance is addressed with direct statements of AML & KYC Due Diligence, and this is enforced with a manual screening process via whitelisting. The legal disclaimer states that the tokens are intended for use as functional utility tokens and are not viewed as securities. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

3.0
N/A
3 - Prototype / MVP / alpha.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

5.0
N/A
5 - Professional and top-tier.
Compliance Score:
3.4

Company and Team

Auctos has an established team with 24 employees, 9 advisors, and 3 partnerships.
The core team has experience in finance (including economics, investments, fintech, financial services), law (including international law), software architecture and engineering, product development (including UX/UI and brand design), and blockchain/cryptocurrency/smartcontract platform development.
The partners are very reputable and include the Ethereum Enterprise Alliance (EEA) and Mulitchain Asset Managers Association.
The advisors to the project have experience in law, investments, capital mangement, fintech, and cryptocurrency/blockchain/smartcontract projects.
All team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Many members of the team appear to be dedicated to other projects outside of Auctos. Some of the core team members and advisors have previous experience with blockchain, cryptocurrency, or smart-contract projects, investing, and ICO consultation/launch.
Positives: The core team is well rounded and has previous experience in the field of blockchain, cryptocurrency, or smart contracts.
Negatives: Not all members are fully dedicated to the project.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
3.8

Token Sale

Auctos Token (AUC)
Token Price: 2000 AUC / ETH
Soft Cap: $3 million (reached during pre-sale)
Hard Cap: $20 million

Token Allocation
51% Public Contributiors
20% Auctus Core Team (2 year vesting with 6 month clif)
18% Reserve for Future Stakeholders (locked via smart contract for 12 months)
09% Partnerships and Advisory (80% of tokens with 6 month vesting and 3 month cliff. 20% of tokens will be immediately transferable after the close of token sale.)
02% Bounties

ICO Proceeds Distribution
42% Product Development
28% Business Development
18% Communication and Marketing
12% Other Expenses
(Further details regarding each category are provided in the whitepaper.)

Social Media Presence & Following
There is little community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
3.6

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