B21

B21 - Your personal wealth manager for cryptoassets

About B21

B21 aims to allow for a simple way for users to invest in cryptocurrencies. B21 will be a mobile application for Android and iOS, which will make cryptocurrency investing easier for first-time investors. B21 tokens are used to access the software and pay for fees and is given as a referral reward.

Token Sale Use of Blockchain

Product

1.8
Product
Readiness

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

2.0
N/A
2 - Proof of concept or test platform.
Appeal

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

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

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

1.0
N/A
1 - Many / much better competitors.
Innovation

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

2.0
N/A
2 - Some, but nothing outstanding.

Product

B21 aims to create a mobile application that allows users to easily trade and invest in cryptocurrencies. There is a significant amount of competition with platforms that aim to simplify the process of accessing and using cryptocurrencies. B21 provides a comparison between its platform and 8 other competitors, however, only a couple (Robinhood and Coinbase) support cryptocurrency, thus the assessment is far from thorough. The B21 GitHub page is not provided.
The proposed product modules are as follows:
* Mobile and Web Interface Module
* Account and Know Your Customer Module
* Advisory Module
* Wallet Manager Module
* Foreign Exchange and Banking Module
* Token Pool Module
* Community Portfolio Voting
* Ledger and Transaction module
* External Integration Module
* Payment Manager Module
* Customer Support Module

Product Whitepaper

Use of Blockchain

1.2
Use of Blockchain
Blockchain Development

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

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

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

1.0
N/A
1 - None or indeterminate.
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?

1.0
N/A
1 - None really, just fundraising.
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.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

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

2.0
N/A
2 - Meh, okay.

Use of Blockchain

B21 is an ERC20 compliant token and is used to access the platform, pay for transaction fees, and used to reward users. The B21 platform will be developed on EOS, due to “its scalability and extensive smart contract capabilities”. A comparison between EOS and other blockchain solutions is not included.

Use of Blockchain Roadmap

Whitepaper

2.4
Whitepaper
Comprehensiveness

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

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

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

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

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

1.0
N/A
1 - Severely lacking.

Whitepaper

The whitepaper is 28 pages in length. The technology plan is presented with significantly low levels of detail – the document discusses the proposed features of the platform but not their technical or implementational details. The business plan is presented with low levels of detail. There is insufficient content regarding the competitive landscape, and the competitors that are assessed are not true competitors of B21 – rather, these platforms/services are mosly fiat based equity and investment products. Market research primarily consists of a discussion of the overall growth of cryptocurrency in general. Overall, the whitepaper lacks detail and does not do a great job at distinguishing the platform from its competition.

Whitepaper Compliance

Roadmap

2.4
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?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

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

2.0
N/A
2 - Not fully available or trustworthy.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

The roadmap presented in the whitepaper spans from Q1 2018 to Q2 2019 and beyond. Milestones are presented in moderate detail. It is stated that the iOS and Android application (registration functionality only) will be released Q1 2018. Support for cryptocurrencies is planned for Q3 2018.

Roadmap Company and Team

Compliance

2.4
Compliance
Token Utility (value through usage)

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

2.0
N/A
2 - Minimal or contrived.
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?

1.0
N/A
1 - Nothing yet, just an idea.
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?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

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

4.0
N/A
4 - Professional.

Compliance

The whitepaper contains a disclaimer towards the end of the document and the terms and conditions of the token sale are provided on the B21 website. The disclaimer is approximately 3 pages long and the terms and conditions is quite thorough, specific, and professionally written. It is stated that “This document does not constitute an offer or an invitation to sell shares, securities or rights belonging to B21C Limited or any related or associated company”. It is stated that the organization has applied for a Distributed Ledger License in Gibraltar and is attempting to reach an agreement to receive a European emoney license in the United Kingdom, and that the organization will obtain “one or more of these licenses in the end of Q2 or early Q3 2018”.

Compliance Token Sale

Company and Team

4.0
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?

5.0
N/A
5 - Accomplished, recognized.
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?

4.0
N/A
4 - Fully 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?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

It is stated that B21C Limited is registered in Gibraltar (registration number 116274) and has already raised $1MM through strategic investors. The 7 team members are listed on the B21 website, along with their profile pictures, short descriptions and links to social media profiles. One of the co-founders is the co-inventor of a cryptocurrency-linked debit card. The other co-founders were former C-level executives at Wave Crest. There is a fair balance of individuals with a background in business/finance and technology. The CTO has both a financial and technical background and holds a patent in mobile payments. There are no individuals with a focus on marketing. Investigating the LinkedIn profiles of the lead team members shows that the listed professional experience corroborates the bio descriptions.

Company and Team Product

Token Sale

2.6
Token Sale
Raise Amount Max

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

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

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

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

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

3.0
N/A
3 - Sufficient company/community interest balance.
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

The total number of B21 tokens is 500 million (50% will be for sale, 40% is retained by B21, and 10% is reserved for incentives). Vesting periods are not clearly indicated. The allocation of funds is described in moderate detail (40% is for software and personnel, 20% is for unencumbered reserves and licenses, 20% is for marketing, 10% is for infrastructure, and 10% is for legal and accounting). The soft cap is $3MM USD and the hard cap is $29MM USD, where 1 B21 = $0.16.

Product

B21 aims to create a mobile application that allows users to easily trade and invest in cryptocurrencies. There is a significant amount of competition with platforms that aim to simplify the process of accessing and using cryptocurrencies. B21 provides a comparison between its platform and 8 other competitors, however, only a couple (Robinhood and Coinbase) support cryptocurrency, thus the assessment is far from thorough. The B21 GitHub page is not provided.
The proposed product modules are as follows:
* Mobile and Web Interface Module
* Account and Know Your Customer Module
* Advisory Module
* Wallet Manager Module
* Foreign Exchange and Banking Module
* Token Pool Module
* Community Portfolio Voting
* Ledger and Transaction module
* External Integration Module
* Payment Manager Module
* Customer Support Module

Category Breakdown
Readiness

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

2.0
N/A
2 - Proof of concept or test platform.
Appeal

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

2.0
N/A
2 - Meh, okay.
Target User Base

Is it mass market or niche?

2.0
N/A
2 - Small audience / niche market.
Competition

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

1.0
N/A
1 - Many / much better competitors.
Innovation

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

2.0
N/A
2 - Some, but nothing outstanding.
Product Score:
1.8

Use of Blockchain

B21 is an ERC20 compliant token and is used to access the platform, pay for transaction fees, and used to reward users. The B21 platform will be developed on EOS, due to “its scalability and extensive smart contract capabilities”. A comparison between EOS and other blockchain solutions is not included.

Category Breakdown
Blockchain Development

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

1.0
N/A
1 - None; simple Ethereum based coin.
Disruptive Blockchain Advantage

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

1.0
N/A
1 - None or indeterminate.
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?

1.0
N/A
1 - None really, just fundraising.
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.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

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

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
1.2

Whitepaper

The whitepaper is 28 pages in length. The technology plan is presented with significantly low levels of detail – the document discusses the proposed features of the platform but not their technical or implementational details. The business plan is presented with low levels of detail. There is insufficient content regarding the competitive landscape, and the competitors that are assessed are not true competitors of B21 – rather, these platforms/services are mosly fiat based equity and investment products. Market research primarily consists of a discussion of the overall growth of cryptocurrency in general. Overall, the whitepaper lacks detail and does not do a great job at distinguishing the platform from its competition.

Category Breakdown
Comprehensiveness

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

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

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

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

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

1.0
N/A
1 - Severely lacking.
Whitepaper Score:
2.4

Roadmap

The roadmap presented in the whitepaper spans from Q1 2018 to Q2 2019 and beyond. Milestones are presented in moderate detail. It is stated that the iOS and Android application (registration functionality only) will be released Q1 2018. Support for cryptocurrencies is planned for Q3 2018.

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?

3.0
N/A
3 - Optimistic.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

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

2.0
N/A
2 - Not fully available or trustworthy.
Current Position

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

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.4

Compliance

The whitepaper contains a disclaimer towards the end of the document and the terms and conditions of the token sale are provided on the B21 website. The disclaimer is approximately 3 pages long and the terms and conditions is quite thorough, specific, and professionally written. It is stated that “This document does not constitute an offer or an invitation to sell shares, securities or rights belonging to B21C Limited or any related or associated company”. It is stated that the organization has applied for a Distributed Ledger License in Gibraltar and is attempting to reach an agreement to receive a European emoney license in the United Kingdom, and that the organization will obtain “one or more of these licenses in the end of Q2 or early Q3 2018”.

Category Breakdown
Token Utility (value through usage)

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

2.0
N/A
2 - Minimal or contrived.
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?

1.0
N/A
1 - Nothing yet, just an idea.
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?

3.0
N/A
3 - Limited to blanket standard.
Legal Review/Risk Assessment

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

4.0
N/A
4 - Professional.
Compliance Score:
2.4

Company and Team

It is stated that B21C Limited is registered in Gibraltar (registration number 116274) and has already raised $1MM through strategic investors. The 7 team members are listed on the B21 website, along with their profile pictures, short descriptions and links to social media profiles. One of the co-founders is the co-inventor of a cryptocurrency-linked debit card. The other co-founders were former C-level executives at Wave Crest. There is a fair balance of individuals with a background in business/finance and technology. The CTO has both a financial and technical background and holds a patent in mobile payments. There are no individuals with a focus on marketing. Investigating the LinkedIn profiles of the lead team members shows that the listed professional experience corroborates the bio descriptions.

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?

5.0
N/A
5 - Accomplished, recognized.
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?

4.0
N/A
4 - Fully 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?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
4.0

Token Sale

The total number of B21 tokens is 500 million (50% will be for sale, 40% is retained by B21, and 10% is reserved for incentives). Vesting periods are not clearly indicated. The allocation of funds is described in moderate detail (40% is for software and personnel, 20% is for unencumbered reserves and licenses, 20% is for marketing, 10% is for infrastructure, and 10% is for legal and accounting). The soft cap is $3MM USD and the hard cap is $29MM USD, where 1 B21 = $0.16.

Category Breakdown
Raise Amount Max

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

2.0
N/A
2 - Somewhat greedy or unrelated to plans.
Raise Amount Min

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

3.0
N/A
3 - Justifiable.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

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

3.0
N/A
3 - Sufficient company/community interest balance.
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:
2.6

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