This article provides a business analysis of an ICO: Sp8de.
This piece is worth a read if you are interested in Sp8de, searching for new ICOs, are passionate about decentralization & cryptocurrencies, or simply want to get a grasp of how to analyze companies from a purely business point-of-view.
This is an extremely long and detailed piece and a lot of effort went into it; I’d appreciate it if you’d acknowledge the effort with a simple like, comment, or share, and you can follow me to stay updated on upcoming ICOs business analysis.
Table of Contents:
Part 1: Introducing Sp8de
Part 2: Essential Information about Sp8de
Part 3: SWOT Analysis
Part 4: VRIO Analysis
Part 5: Valuing a Company
Part 6: Due Diligence
Part 7: TL;DR
Part 1: Introducing Sp8de
Part 2: Essential Information about Sp8de
Part 3: SWOT Analysis
Part 4: VRIO Analysis
Part 5: Valuing a Company
Part 6: Due Diligence
Part 7: TL;DR
Part 1: Introducing ICO: What is Sp8de
This project hits a major market: gambling.
This project hits a major market: gambling.
Sp8de aims to build a platform that completely revolutionizes the way gambling works. Till now, the house or providing platform has had the upper hand as it can be difficult to piece out when a side is cheating as 100% transparency is difficult.
But maximum transparency is what blockchain is made for.
Gambling applications are one of the optimal uses of blockchain technology. Sp8de aims to utilize blockchain tech to make sure the randomness aspect of gambling — the key aspect keeping things fair and making sure the odds of winning and losing are in balance — stays intact.
Users will use the SPX token to transact on the Sp8de platform and that ensures that the token retains its value.
But maximum transparency is what blockchain is made for.
Gambling applications are one of the optimal uses of blockchain technology. Sp8de aims to utilize blockchain tech to make sure the randomness aspect of gambling — the key aspect keeping things fair and making sure the odds of winning and losing are in balance — stays intact.
Users will use the SPX token to transact on the Sp8de platform and that ensures that the token retains its value.
The GIL token is the medium of trade for the Sp8de platform; so, the issued token is genuinely valuable.
Part 2: Essential Information
Whitepaper: https://sp8de.com/sp8de_white_paper.pdf
Website: https://sp8de.com/
ANN Thread: https://bitcointalk.org/index.php?topic=2659341
ICO: 8 FEB. 2018
Ticker: SPX
Token type: ERC20
ICO Token Price: 1 ETH = 98,888 SPX
Know Your Customer (KYC): YES
Accepts: ETH, BTC
Country: Russia
Website: https://sp8de.com/
ANN Thread: https://bitcointalk.org/index.php?topic=2659341
ICO: 8 FEB. 2018
Ticker: SPX
Token type: ERC20
ICO Token Price: 1 ETH = 98,888 SPX
Know Your Customer (KYC): YES
Accepts: ETH, BTC
Country: Russia
Part 3: Sp8de SWOT Analysis
SWOT analysis sheds light on the potential of a potential project.
SWOT analysis sheds light on the potential of a potential project.
I’ll be analyzing whether Sp8de presents an idea that holds plentiful potential and what would its barriers be.
Strength: It is important to understand what a particular project’s strengths are; these develop into competitive advantages.
Sp8de is not a first mover in the crypto-market that aims to target gambling. But the market is still young and Sp8de is one of the earliest players to enter it.
Given that Sp8de is not the first is actually a strength here; the company can easily learn from its predecessors mistakes and jump into untamed waters with some preparation through learning from its predecessors mistakes.
Sp8de is not a first mover in the crypto-market that aims to target gambling. But the market is still young and Sp8de is one of the earliest players to enter it.
Given that Sp8de is not the first is actually a strength here; the company can easily learn from its predecessors mistakes and jump into untamed waters with some preparation through learning from its predecessors mistakes.
Weakness: A grasp of a company’s weaknesses is important; a brilliant idea can be brought down by a single, but mighty weakness in operations, financing, marketing, or a number of other business and/or technical functionalities.
Sp8de is playing with many other competitors in the gambling part of the blockchain revolution. With such a tight space for multiple teams, Sp8de would have to expense a good portion of its funds to marketing.
Having to utilize a large portion of funds for marketing at an early stage can be dismaying, but as the company is raising more capital than its competitors, it may be the winner of this war of attrition.
Sp8de is playing with many other competitors in the gambling part of the blockchain revolution. With such a tight space for multiple teams, Sp8de would have to expense a good portion of its funds to marketing.
Having to utilize a large portion of funds for marketing at an early stage can be dismaying, but as the company is raising more capital than its competitors, it may be the winner of this war of attrition.
Opportunity: While many industries are ripe with potential, some are cluttered with immense competition or even potential downfall due to the advent of market changes or economic shocks.
Online gambling has been growing at an extreme pace during recent years. Blockchain intends to make the world more connected and hopes to bring opportunities to the tough-to-reach parts of the world.
As blockchain succeeds in its goals, more people will shift from physical gambling to digital gambling and Sp8de is entering the market at the horizon of the shift.
Online gambling has been growing at an extreme pace during recent years. Blockchain intends to make the world more connected and hopes to bring opportunities to the tough-to-reach parts of the world.
As blockchain succeeds in its goals, more people will shift from physical gambling to digital gambling and Sp8de is entering the market at the horizon of the shift.
Threats: Even the titans of a given industry face threats; the situation is generally worse for smaller projects.
Creating gambling projects through blockchain is popular and it’s likely that Sp8de will face copy-cats aiming to reproduce its platform.
But the threat of imitation is common among new tech projects.
Creating gambling projects through blockchain is popular and it’s likely that Sp8de will face copy-cats aiming to reproduce its platform.
But the threat of imitation is common among new tech projects.
Part 4: VRIO Analysis
VRIO analysis gives a crisp and tight snapshot of the odds of success of a project.
VRIO analysis gives a crisp and tight snapshot of the odds of success of a project.
I’ll be analyzing whether Sp8de genuinely adds value to the overall state of cryptos and whether its value-addition is sustainable and maintainable.
Value: A project is valuable if it allows a better means of exploiting resources.
Sp8de’s main source of success could be its value-addition. It’s creating a platform that evens the ground between the house and the customer. This ensures that the playing field stays fair and it’s easy to see that gamblers experience is greatly improved when there is complete transparency ensuring that cheating is restrained.
Sp8de’s main source of success could be its value-addition. It’s creating a platform that evens the ground between the house and the customer. This ensures that the playing field stays fair and it’s easy to see that gamblers experience is greatly improved when there is complete transparency ensuring that cheating is restrained.
Rarity: If a project offers something that can be attained without the blockchain, then generating market adoption will be very challenging. The offering needs to be tough to get without the aid of the blockchain.
Gambling exists outside the blockchain but the rarity offer from Sp8de is something that cannot be offered without the blockchain: transparency.
Sp8de intends to make the experience of gambling fairer than ever before. This offer makes the whole gambling environment offered by Sp8de extremely rare.
Additionally, while new tokens are being released daily, the SPX token is the prime medium of transacting on the Sp8de platform — this is an instance of forced rarity.
Gambling exists outside the blockchain but the rarity offer from Sp8de is something that cannot be offered without the blockchain: transparency.
Sp8de intends to make the experience of gambling fairer than ever before. This offer makes the whole gambling environment offered by Sp8de extremely rare.
Additionally, while new tokens are being released daily, the SPX token is the prime medium of transacting on the Sp8de platform — this is an instance of forced rarity.
Imitation: Imitation is a major threat to any new project and it’s important to analyze whether a project’s key service can easily be reproduced by copy-cats.
It may not be difficult to imitate a blockchain-based gambling platform on the blockchain but it will take true passion and effort to build a community effort to drive masses to the network.
It may not be difficult to imitate a blockchain-based gambling platform on the blockchain but it will take true passion and effort to build a community effort to drive masses to the network.
Organization: Any company is essentially a successful effort of a group of individuals. Any crypto project’s success heavily rests on the capability of its team to properly manage and organize all efforts and funds.
Sp8de’s team has considerable experience with their industry and its members can build the tech necessary to carry out this process.
The challenge will be how well they remain organized as they push into new markets once expansion kicks in.
Sp8de’s team has considerable experience with their industry and its members can build the tech necessary to carry out this process.
The challenge will be how well they remain organized as they push into new markets once expansion kicks in.
Part 5: What is Sp8de Worth?
A company can be valued in many ways; 3 common ways are:
A company can be valued in many ways; 3 common ways are:
- Assets: You can value a business by calculating the new value of its assets; this isn’t a proper means of valuing a new crypto launch as a fresh business is in growing mode and is likely to have limited resources.
- Revenue: You can value a business at a multiple of its revenue; the multiple should be derived from its competitors or other industry players.
This method is also challenging when valuing a crypto launch as most fresh launches have either inexistent revenues or have revenues that are far, far from their true potential and it may take years before they even scratch the surface of the goliath they may be one day. - Cash Flow: You can value a business by discounting its expected future cash flows. You can do this by dividing what you think a business may earn, on average, in a given year and then dividing it by a risk-free rate of return.
I advise using established corporate bond returns (~3%) as an almost-risk free measure of return rather than T-Bills.
I won’t give a figure to Sp8de as the answer to that can be highly speculative and a lot of positive or negative bias can seep in. Sp8de is trying to provide something unlike anything else. Finding estimates of what it will generate through a view of its remote competitors might provide a heavy spread between potential valuations.
Part 6: Where’s the Due Diligence?
I have made this piece to reflect an unbiased view of Sp8de. I cover the essential information, the sector competition, the potential of Sp8de, the valuation based on information provided by the team, and curated pieces of data about the project.
I have made this piece to reflect an unbiased view of Sp8de. I cover the essential information, the sector competition, the potential of Sp8de, the valuation based on information provided by the team, and curated pieces of data about the project.
Generally, the conclusions individuals derived from due diligence analysis of crypt projects can be quite subjective. I want to avoid attaching subjectivity to this piece. Of course, given the fact that I am giving a thorough analysis of Sp8de, this project sparked my interest. But I’m not going to jump into the depth of its feasibility.
You should definitely take the time to evaluate the project feasibility and the prime measures for this would be presented goals, industry potential, community interest, and the team’s competency; team’s competency is perhaps the most important factor.
It’s quite possible that your confidence or interest in Sp8de could genuinely increase after you conduct a due diligence. Additionally, conducting a due diligence is always advisable as it allows you to set aside scams from projects that could potentially be major players in their industry.
The team is quite responsive and you can interrogate — ahem, question — them through their Telegram group, which is dedicated to ICO queries.
https://t.me/Sp8de
https://t.me/Sp8de
If you see value in blockchain projects or simply want to join the potential the product’s industry holds, then take your interest to the next step and get to know the project better by contacting the team holding the project’s reins.
Note
As is the case with investments in any security or asset, you should invest in ICOs and tokens only an amount you are willing to lose. Investments in the crypto market are high-risk, high-reward moves and investor due diligence is imperative.
As is the case with investments in any security or asset, you should invest in ICOs and tokens only an amount you are willing to lose. Investments in the crypto market are high-risk, high-reward moves and investor due diligence is imperative.
Watch Out
If you intend to invest in the project’s ICO, be sure to utilize the official project website. As disappointing as it may be, scammers are rampant in the crypto market and many try to scam investors through deceptive measures by identity theft of project leaders and phishing measures.
If you intend to invest in the project’s ICO, be sure to utilize the official project website. As disappointing as it may be, scammers are rampant in the crypto market and many try to scam investors through deceptive measures by identity theft of project leaders and phishing measures.
You should only contact official company social media profiles for your informational needs and queries, and you should invest in the ICO directly through the company website.
Part 7: TL;DR
Sp8de is building a platform that will make gambling fairer than ever through blockchain tech. The SPX token is the medium of transacting on the platform. Online gambling is gaining traction and Sp8de is hoping to boost the shift to digital casino usage by making things extremely fair.
Sp8de is building a platform that will make gambling fairer than ever through blockchain tech. The SPX token is the medium of transacting on the platform. Online gambling is gaining traction and Sp8de is hoping to boost the shift to digital casino usage by making things extremely fair.
Please
If you found this article helpful, appreciate the information I have curated, appreciate the analysis I have provided, and/or are simply just a kind person, please support me by liking and sharing this article; you can also follow me to stay updated with the most remarkable ICOs coming up.
If you found this article helpful, appreciate the information I have curated, appreciate the analysis I have provided, and/or are simply just a kind person, please support me by liking and sharing this article; you can also follow me to stay updated with the most remarkable ICOs coming up.
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