Basic Rating

  • Hurify

  • A blockchain project aimed at accelerating the connectivity of people and things is connecting visionary IoT projects to talented developers. Hurify is powered by Ethereum ERC20 standard HUR Tokens.
  • 2.3

Rating Insights

Hurify is a platform that connects clients with developers that have expertise in IoT. Developers will be able to list their services for free on the Hurify platform, and clients will be able to browse and select from a wide variety of IoT experts.

Category Rating

Click any score to view its breakdown and category insights
1.6
Product

Product

Hurify suggests that a minimum viable product is available through their website (the MVP was unverifiable due to country restrictions set it place by Hurify). Hurify is targeting a niche user base, and should discuss the level of demand for such a service in the whitepaper to inform readers that there is a market for this project. In addition, Hurify should focus on what makes the service unique compared to other platforms that connect clients with experts. In its current state, the proposed service is not innovative.

Readiness

Is the product 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.
Appeal

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

1.0
N/A
1 - None really, or unknown.
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?

3.0
N/A
3 - Some normal competition.
Innovation

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

1.0
N/A
1 - None or indeterminate.
1.8
Use of Blockchain

Use of Blockchain

HUR follows the ERC20 token protocol. There is little to no reason to create a custom token, other than to generate funds for the project. The concept of Hurify can be feasibly accomplished with the sole use of ETH instead of HUR.

Blockchain Development

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

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

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

2.0
N/A
2 - Some, but not much.
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.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
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.
2.0
Whitepaper

Whitepaper

The whitepaper lacks critical details regarding the project and anticipated future development plans. The business model is very brief, with the entirety of the plan summarized in a few bullet points. The discussion regarding the Hurify platform as a whole is described in approximately one page of writing and two large figures. The sections with respect to the crowd sale and legal issues are much longer than the main body of the whitepaper. Overall the whitepaper also lacks a sense of professionalism from a visual standpoint. Visual elements are crude and there is no sense of design consistency.

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.?

2.0
N/A
2 - Ambiguous non-disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

1.0
N/A
1 - Severely lacking.
Technology Presentation

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

1.0
N/A
1 - Severely lacking.
2.2
Roadmap

Roadmap

The roadmap is extremely vague and lacks detail. Project milestones cover the span of 2018 on a quarterly basis. Currently there is an Android application that can be found on the Hurify GitHub page.

Concreteness

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

2.0
N/A
2 - Vague, noncommittal.
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?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

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

1.0
N/A
1 - Nowhere yet.
2.4
Compliance

Compliance

The Hurify whitepaper states that the team is committed to ensuring the security of the platform by performing a security audit with internal as well as external inspectors. The Hurify whitepaper also features a disclaimer stating that the crowdsale is not an opportunity to solicit securities or shares in Hurify Inc. It is also stated that HUR is not a cryptocurrency for the time being, and that it cannot be exchanged for goods or services. Furthermore, HUR cannot be traded on any known exchanges.

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?

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

3.0
N/A
3 - Semi-professional (e.g. Howey Test)
3.2
Company and Team

Company and Team

The team is quite small, with only 6 members. Profile pictures, job titles, short descriptions of proficiencies and experience, as well as links to social media profiles are included. The developer team has fairly comprehensive experience developing and getting involved with the IoT ecosystem.

Company Stage and Foundation

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

2.0
N/A
2 - Initial stages of formation.
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?

3.0
N/A
3 - Somewhat uncertain, probably okay.
2.8
Token Sale

Token Sale

The total number of HUR tokens is 273.125 million (60% will be sold during the crowd sale, 10% is for the team, 10% is for marketing, 10% is for the community, and 10% is for treasury). The hard cap is 25000 ETH and the soft cap is 10000 ETH, where 1 ETH = 5500 HUR. The sale is from February 1 to February 28, 2018.

Raise Amount Max

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

3.0
N/A
3 - Justifiable.
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.

Product

Hurify suggests that a minimum viable product is available through their website (the MVP was unverifiable due to country restrictions set it place by Hurify). Hurify is targeting a niche user base, and should discuss the level of demand for such a service in the whitepaper to inform readers that there is a market for this project. In addition, Hurify should focus on what makes the service unique compared to other platforms that connect clients with experts. In its current state, the proposed service is not innovative.

Readiness

Is the product 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.
Appeal

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

1.0
N/A
1 - None really, or unknown.
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?

3.0
N/A
3 - Some normal competition.
Innovation

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

1.0
N/A
1 - None or indeterminate.

Use of Blockchain

HUR follows the ERC20 token protocol. There is little to no reason to create a custom token, other than to generate funds for the project. The concept of Hurify can be feasibly accomplished with the sole use of ETH instead of HUR.

Blockchain Development

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

2.0
N/A
2 - Some smart contract functionality.
Disruptive Blockchain Advantage

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

2.0
N/A
2 - Some, but not much.
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.)?

2.0
N/A
2 - Centralized with some plans to decentralize.
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.

Whitepaper

The whitepaper lacks critical details regarding the project and anticipated future development plans. The business model is very brief, with the entirety of the plan summarized in a few bullet points. The discussion regarding the Hurify platform as a whole is described in approximately one page of writing and two large figures. The sections with respect to the crowd sale and legal issues are much longer than the main body of the whitepaper. Overall the whitepaper also lacks a sense of professionalism from a visual standpoint. Visual elements are crude and there is no sense of design consistency.

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.?

2.0
N/A
2 - Ambiguous non-disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

1.0
N/A
1 - Severely lacking.
Technology Presentation

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

1.0
N/A
1 - Severely lacking.

Roadmap

The roadmap is extremely vague and lacks detail. Project milestones cover the span of 2018 on a quarterly basis. Currently there is an Android application that can be found on the Hurify GitHub page.

Concreteness

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

2.0
N/A
2 - Vague, noncommittal.
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?

3.0
N/A
3 - Imperfect but available, or using substitutes.
Current Position

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

1.0
N/A
1 - Nowhere yet.

Compliance

The Hurify whitepaper states that the team is committed to ensuring the security of the platform by performing a security audit with internal as well as external inspectors. The Hurify whitepaper also features a disclaimer stating that the crowdsale is not an opportunity to solicit securities or shares in Hurify Inc. It is also stated that HUR is not a cryptocurrency for the time being, and that it cannot be exchanged for goods or services. Furthermore, HUR cannot be traded on any known exchanges.

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?

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

3.0
N/A
3 - Semi-professional (e.g. Howey Test)

Company and Team

The team is quite small, with only 6 members. Profile pictures, job titles, short descriptions of proficiencies and experience, as well as links to social media profiles are included. The developer team has fairly comprehensive experience developing and getting involved with the IoT ecosystem.

Company Stage and Foundation

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

2.0
N/A
2 - Initial stages of formation.
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?

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

Token Sale

The total number of HUR tokens is 273.125 million (60% will be sold during the crowd sale, 10% is for the team, 10% is for marketing, 10% is for the community, and 10% is for treasury). The hard cap is 25000 ETH and the soft cap is 10000 ETH, where 1 ETH = 5500 HUR. The sale is from February 1 to February 28, 2018.

Raise Amount Max

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

3.0
N/A
3 - Justifiable.
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.

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