Universal Reward Protocol is definitely a strong ICO project and has made serious strides in terms of both technological and business development. The URP team brings a considerable amount of quantifiable results to the table and set themselves apart from the majority of ICOs as a result. The development and successful deployment of the Occi solution alongside entering into working partnerships with multibillion European corporations such as Auchan, Carrefour, Galeries Lafayette, and Nestle is impressive. However, as with any blockchain project there are areas of concern, firstly the team is still relatively young and inexperienced in the business world with a number of team members in the process of building impressive employment histories. Also URP operates in one of the less attractive sectors of the blockchain as far as investors are concerned and lags behind high throughput blockchains, exchanges, and artificial intelligence projects in terms of marketability. This is evidenced by the relatively low valuations of its competitors and the team will have to work hard to attract revenues and ensure that a significant amount of value is retained throughout their ecosystem. If the team do reach their hard cap they need to have good finance-management post-ICO in order to avoid over-spending and bankruptcy.
Most importantly, the team’s impressive achievements do not guarantee that URP will be intrinsically valuable out of the gate as the token has little use for most purchasers outside of pure speculation. However, the team appears to have anticipated this and have incorporated a number of lock ups into their token sale. Private sale participants receive a 40% bonus attached to a vesting period of 6 months which starts 30 days after the reception of the main token stake, while Pre-sale participants receive bonuses of 25% to 15% and see their tokens being vested for 4 months starting 30 days after the main token stake.
In addition, the advisors token is locked for 12 months, while the founding team's token is locked for 2 years, and the reserve token is divided by 50% in 12 locked months, and 50% in 24 months locked. This condition is designed to give URP a good level of resilience immediately after the token sale, however, this project is still most suitable for long-term investors, and without a large amount of hype, the project may not attract large amounts of retail investor funds or trading activities on the secondary market.
As a result the team will be forced to aggressively drum up adoption and the 35% of tokens held in reserve will be used to lower acquisition costs for new retailers and brands as well as help to gain traction by rewarding any early adopters. URP should prove interesting for anyone looking for a longer-term project to participate in, or anyone with a stronger interest in the retail industry, also any unsold tokens will be reallocated to all buyers who participated in the token sale proportionally to their initial stake which is an extra bonus for token sale participants.
More info about Universal Reward Protocol (URP) :
Website : https://rewardprotocol.com
Whitepaper : https://rewardprotocol.com/wp-content/uploads/Whitepaper.pdf
Telegram : https://t.me/UniversalRewardProtocolOfficial
Twitter : https://twitter.com/RewardProtocol