Another ICO that has only recently gained fame is one that goes by the name of Bubbletone. These ICO names are definitely getting sillier and in a way more creative. The nature of the markets is extremely hostile and competitive at the moment and these guys have to stand out and be memorable otherwise their idea will never really work. Their idea is definitely memorable but not for right reasons.
Bubbletone actually wants to create a mobile telecommunications network that isn’t reliant on major corporations. That means that it’s making use of blockchain technology using third parties in order to kind of pick back one another, to provide privatised mobile networks. So it’s very similar to right match, to block match and to a lesser extent many other ICOs that exist in the market and are way more experienced than it.
It has got a Russian team and it has always been the case that Russian teams, as experienced in previous reviews and researches, are way harder than the average team for one to research about. That is precisely the reason why the team deserves 40 %. I do not think they really put much effort into their team or publicising it. They may have a larger team but it kind of defeats the whole purpose if one can not find much about them. They may have few freelancers in their team which all in all could show that they are not really completely invested in the product and may have their interests in too many and varied businesses. When it comes to their hype in the market, no one really knows about them for that reason they deserve a 1 out of 10. The bonuses that they are offering are pretty large and for that very reason they deserve an average score as anything between 20-30 % or under is quite alright when it comes to investors. This reasoning translates to them receiving a 5 in token economics.
Moreover, the sale of these bonuses may reap some benefits but the short term investors but many investors are not really into short term speculation. What about the long term investors? They are not really all that likeable as an idea. So if you would like to invest in the long term you will be able to see all the volatility that they would eventually face. It doesn’t really matter whether someone is getting a 50 % or 100% or shall we say 1500 % bonus if one is investing in the project for one or two years. It really isn’t going to make any difference to the investor because the price movement of an ICO is something we often never seek to appreciate. It is obviously going to rise over time. But it really depends upon your level of risking. You often have to do your analysis.
It is advisable for one to conduct their own research regarding ICOs and their limitations or advantages as the internet is not a good financial adviser when it comes to how one should handle their money, however, a quick overview of the way an ICO works, its token economics and its white papers is a good dive into what the ICO stands for.
Keeping all that in mind, it is essentially up to one’s own self whether they choose to invest in an ICO or not. Research, analyse and approach with caution. The world of ICOs is your own playing field and whatever way you choose to venture out in it, make sure you are fully equipped and motivated before doing so.