IP Sharing Exchange

Blockchain based system fully automated, with full clearing of utility tokens associating the price and distribution based on offer and demand for IPs.

About IP Sharing Exchange

IPSX is a peer-to-peer platform than enables users to rent IPs to other individuals on a distributed network. IPSX claims to be the first to create a truly decentralized IP sharing marketplace.

Token Sale Use of Blockchain

Product

2.2
Product
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?

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?

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

IPSX aims to become the back-end solution for a variety of sectors in the technology industry such as VPN service providers, data mining, data collection, and data analysis. The IPSX whitepaper makes the claim that IP addresses are “valuable assess with low liquidity” due to the fact that there are currently no viable solutions for renting IP addresses that enable the use of specific filters. The only notable development made to the platform so far is the IPSX website, which is hardly an impressive achievement.

Product Whitepaper

Use of Blockchain

1.8
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?

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.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
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

IPSX is an ERC20 compliant token and is used as a means of exchange within the IPSX platform. As stated in the whitepaper, it is not clear how IPSX intends to utilize blockchain technology, due to the fact that the design documentation “is currently under construction and will be released on a future date”. As described in the whitepaper, the use of IPSX tokens is also “currently in process of creation and review by the legal and technical departments of the IPSX team”.

Use of Blockchain Roadmap

Whitepaper

2.0
Whitepaper
Comprehensiveness

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

1.0
N/A
1 - It's a brochure.
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.?

1.0
N/A
1 - Deliberate obfuscation.
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?

2.0
N/A
2 - Missing critical information.

Whitepaper

The whitepaper is quite short at 15 pages, and absent much of the content typically found in a whitepaper, primarily due to the fact that a large portion of the platform conceptualization is still in development. The business plan and the justification for the development of such a platform are explained in fair detail. IPSX identifies a potential problem within a market where there are currently little to no viable solutions. The technology plan presentation is discussed in moderate detail, although mostly in layman terms (it is stated that a more technical document is currently in development). Overall, the whitepaper describes why there is a demand for the service, but the document is quite short and missing critical information.

Whitepaper Compliance

Roadmap

1.0
Roadmap
Concreteness

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

1.0
N/A
1 - No concrete plans or milestones.
Feasibility

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

1.0
N/A
1 - A pipe dream.
Vision

Is there a larger, long-term vision?

1.0
N/A
1 - Founders' instant gratification.
Dependencies (services or capabilities)

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

1.0
N/A
1 - Not-yet-available or questionable.
Current Position

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

1.0
N/A
1 - Nowhere yet.

Roadmap

The roadmap presented in the IPSX whitepaper primarily focuses on the milestones reached thus far and does not focus on future developments since “at the moment [they] do not have a complete vision of the development life cycle”. The roadmap spans from August 2017 to Q1 2018, where most of the milestones reached thus far have been conceptualizing the IPSX platform, developing the team, receiving funding, and defining the legal structure. It is stated that in Q1 2018, the JAVA application development for different aspects of the platform will begin (IPSX GitHub page was not found).

Roadmap Company and Team

Compliance

1.8
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?

1.0
N/A
1 - Solely; a passive investment vehicle.
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?

2.0
N/A
2 - Insufficient or unprofessional.

Compliance

It is stated on the IPSX website that residents from China, Taiwan, US and Canada will not be eligible for participation for the token sale. The whitepaper contains a disclaimer section stating that IPSX tokens are not to be considered securities or shares in IPSX.

Compliance Token Sale

Company and Team

2.0
Company and Team
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?

2.0
N/A
2 - Fragmented or inconclusive.
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?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

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

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

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

2.0
N/A
2 - Somewhat skewed.

Company and Team

The team of 8 individuals can be found on the IPSX website, along with only profile pictures, job titles, and links to respective LinkedIn profiles. Some team members are simultaneously involved with other large-scale projects. Thus, commitment to the development of IPSX is questionable. The professional experience of the majority of the team members is aligned more closely with business as opposed to technology. Many of the individuals have previous experience fulfilling the role of CEO/founder/co-founder/director of other organizations. Overall, the team is well suited in a business sense, but could be much stronger from a software/smart contract development perspective.

Company and Team Product

Token Sale

2.2
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?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

1.0
N/A
1 - Not clear how funds will be used.
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 IPSX tokens is 1.8 billion (50% is for sale, 27.5% is for partners and early adopters, 2.5% is for the bounty campaign, and 20% is for the team and strategic partners). At the time of writing this review, the allocation of funds is not described in the whitepaper or on the IPSX website. The soft cap is unspecified and the hard cap is 10800 ETH, where 1 ETH = 70588.23529 IPSX. The token sale takes place on February 28, 2018.

Product

IPSX aims to become the back-end solution for a variety of sectors in the technology industry such as VPN service providers, data mining, data collection, and data analysis. The IPSX whitepaper makes the claim that IP addresses are “valuable assess with low liquidity” due to the fact that there are currently no viable solutions for renting IP addresses that enable the use of specific filters. The only notable development made to the platform so far is the IPSX website, which is hardly an impressive achievement.

Category Breakdown
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?

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?

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:
2.2

Use of Blockchain

IPSX is an ERC20 compliant token and is used as a means of exchange within the IPSX platform. As stated in the whitepaper, it is not clear how IPSX intends to utilize blockchain technology, due to the fact that the design documentation “is currently under construction and will be released on a future date”. As described in the whitepaper, the use of IPSX tokens is also “currently in process of creation and review by the legal and technical departments of the IPSX team”.

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?

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.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
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:
1.8

Whitepaper

The whitepaper is quite short at 15 pages, and absent much of the content typically found in a whitepaper, primarily due to the fact that a large portion of the platform conceptualization is still in development. The business plan and the justification for the development of such a platform are explained in fair detail. IPSX identifies a potential problem within a market where there are currently little to no viable solutions. The technology plan presentation is discussed in moderate detail, although mostly in layman terms (it is stated that a more technical document is currently in development). Overall, the whitepaper describes why there is a demand for the service, but the document is quite short and missing critical information.

Category Breakdown
Comprehensiveness

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

1.0
N/A
1 - It's a brochure.
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.?

1.0
N/A
1 - Deliberate obfuscation.
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?

2.0
N/A
2 - Missing critical information.
Whitepaper Score:
2.0

Roadmap

The roadmap presented in the IPSX whitepaper primarily focuses on the milestones reached thus far and does not focus on future developments since “at the moment [they] do not have a complete vision of the development life cycle”. The roadmap spans from August 2017 to Q1 2018, where most of the milestones reached thus far have been conceptualizing the IPSX platform, developing the team, receiving funding, and defining the legal structure. It is stated that in Q1 2018, the JAVA application development for different aspects of the platform will begin (IPSX GitHub page was not found).

Category Breakdown
Concreteness

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

1.0
N/A
1 - No concrete plans or milestones.
Feasibility

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

1.0
N/A
1 - A pipe dream.
Vision

Is there a larger, long-term vision?

1.0
N/A
1 - Founders' instant gratification.
Dependencies (services or capabilities)

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

1.0
N/A
1 - Not-yet-available or questionable.
Current Position

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

1.0
N/A
1 - Nowhere yet.
Roadmap Score:
1.0

Compliance

It is stated on the IPSX website that residents from China, Taiwan, US and Canada will not be eligible for participation for the token sale. The whitepaper contains a disclaimer section stating that IPSX tokens are not to be considered securities or shares in IPSX.

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?

1.0
N/A
1 - Solely; a passive investment vehicle.
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?

2.0
N/A
2 - Insufficient or unprofessional.
Compliance Score:
1.8

Company and Team

The team of 8 individuals can be found on the IPSX website, along with only profile pictures, job titles, and links to respective LinkedIn profiles. Some team members are simultaneously involved with other large-scale projects. Thus, commitment to the development of IPSX is questionable. The professional experience of the majority of the team members is aligned more closely with business as opposed to technology. Many of the individuals have previous experience fulfilling the role of CEO/founder/co-founder/director of other organizations. Overall, the team is well suited in a business sense, but could be much stronger from a software/smart contract development perspective.

Category Breakdown
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?

2.0
N/A
2 - Fragmented or inconclusive.
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?

2.0
N/A
2 - Lacking in key areas.
Team Skill Set Relevance

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

2.0
N/A
2 - Lacking or inconsistent.
Team Skill Set Balance

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

2.0
N/A
2 - Somewhat skewed.
Company and Team Score:
2.0

Token Sale

The total number of IPSX tokens is 1.8 billion (50% is for sale, 27.5% is for partners and early adopters, 2.5% is for the bounty campaign, and 20% is for the team and strategic partners). At the time of writing this review, the allocation of funds is not described in the whitepaper or on the IPSX website. The soft cap is unspecified and the hard cap is 10800 ETH, where 1 ETH = 70588.23529 IPSX. The token sale takes place on February 28, 2018.

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?

1.0
N/A
1 - None or nonsensical.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

1.0
N/A
1 - Not clear how funds will be used.
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:
2.2

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