A one-stop shop for communication and trading.
Nynja ICO Put On Hold Until Further Date
Update – August 20, 2018
The team at Nynja has contacted us – they are putting their ICO on hold. We still believe in the feasibility of investing in this project and will update readers when this ICO becomes open again.
Key Statistics
Premise
4/5 – Very Good
Nynja is creating an application which integrates into a single platform the ability of its users to communicate, buy, sell, and trade NYNJACoins. One of the selling points of the applications is it eliminates language barriers by having an automatic language translation between users in the marketplace.
Another selling point of the application is its “one-stop shop” characteristics. The Nynja application enables its users to communicate with other people by integrating various communication channels. Moreover, the application can be used in the cryptocurrency market by first-timers or seasoned traders.
Team
5/5 – Excellent
The Nynja team is composed of three principal groups, the management team, advisors, and team members. The management team is comprised of qualified individuals, each specialising in different fields. Despite having different specialisations, it all comes together to the creation of the application. The strong and diverse knowledge of the management team creates a solid foundation for the company.
The advisors are just as impressive as the management team, and they also comprised of different experts in different fields. Their knowledge and assistance helped strengthen the foundation of the company and the creation of the application.
Token
4/5 – Very Good
The Nynja Coin will be issued on the Ethereum blockchain using a smart contract. The tokens will be used to power the e-commerce, freelance and virtual marketplace of on the Ninja application. A total of 3 billion Nynja coins is expected to be supplied, selling at 0.10 USD for one Nynja coin. It is to be noted that ownership of a coin does not mean ownership of any portion of the company. This means that its buyers will have no rights, payments, benefits, returns, income from their coins.
Risk
4/5 – Very Good
The success of the application heavily relies on the sale of Nynja Coins. Since buyers have no share with the company, it may discourage many users to purchase the tokens. Without having enough buyers, the development of the application may have to be postponed. The company also needs to address a lot of security concerns with the application, especially data privacy.
One of the main thrust of the application is its ability to combine various communication platforms into one system, along with the cryptocurrency market. This poses a threat especially if there is a breach in the security of one user. Another notable risk is the current status of the cryptocurrency market. To date, many traders still have to wait until the coins in the cryptocurrency market are recognised as fiat money.
Summary
5/5 – Excellent
The Nynja Coin is a powerful token to the creation of the application. The application is excellent, considering how it addresses a lot of the issues in society right now regarding communication. It is a great tool to allow users to have ease and convenience with their communications and transactions.
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Global From Asia ICO Briefing does extremely early-stage research of token offerings. As the project progresses, details may change significantly or completely. Always do your own research and do not invest more than you can afford to lose.
The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.
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