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ICOrating
TAYLOR Basic Review (http://smarttaylor.io)
ICO dates (19.02.2018 - 20.03.2018)
Web: icorating.com
Email: [email protected]
Twitter: @IcoRating
Project details
Name: TAYLOR
Ticker symbol: TAY
Project type: Trading
Extended company description: Taylor is an easy-to-use service for exchanging
and investing in cryptocurrency with the help of bots.
Company: Taylor OÜ
Website
White paper
ICO details
Public ICO start: 19.02.2018
Public ICO end: 20.03.2018
Token Sale duration (weeks): 4
Token type: TAY
Token emission: 10,000,000
Tokens available (Pre-Sale + Public ICO): 7,600,000
Investment goal: Support for the service and the financing of initial operating
expenses including development, marketing and technical infrastructure.
Price: 1 TAY = 0.0007 ETH
Accepted payment: ETH
Bounty: The program is active until the end of the ICO
Token role: functional
Team
Team (number of people): 13
Advisors and partners (number of people): 9
GitHub
Project information
Taylor is an easy-to-use service for exchanging and investing in cryptocurrency with
the help of bots.
Taylor monitors major exchanges and conducts technical analyses to discover
investment opportunities. Then it signals users about potentially profitable
transactions which may be started automatically at the click of a button. As soon as a
trade begins, Taylor can control the process automatically.
Taylor enables anyone regardless of their trading experience, to profit from the
global crypto market.
Advisors:
Amure Pinho (LinkedIn) - President of Associação Brasileira de Startups,
CEO at Blogo, formerly executive director at Sync, Crossfy.
Felipe Matos (LinkedIn) - Executive director of Movimento Dínamo, blogger
at ESTADÃO, member of the board of UpPoints, member of the advisory
board of Associação Brasileira de Startups.
Andre Diamand (LinkedIn) - Member of the Advisory Council, CEO at
Associação Brasileira de Startups, Chairman and Founder of VentureOne
Startups, previously chairman and founder of Future Security.
Everton Fraga (LinkedIn) - Software engineer at Ethereum, previously
instructor at Blockchain Academy, co-founder of Dujour, Kinda Connected.
Brad Mills (LinkedIn) - Analyst for Alphabet Digital Currency Fund, Bitcoin
Bitcoin, co-founder and director of marketing at Slightly Social, Inc., head of
monetization of Facebook games.
AceOfWallstreet (Twitter) - Founder of APX Ventures, Crypto trader &
influencer.
NotSoFast (Twitter) - miner and trader.
Ant (ThisIsNuse) (Twitter) - trader, former InfoSec specialist.
Godson (Twitter) - trader.
Partners:
APX - a venture fund.
Clearify - a technical partner in security.
Onfido - a technical partner in identity verification.
Investments attracted: The private pre-sale raised 500 ETH in Aug-2017.
Summary
The Taylor project is a platform for automated trading and investment in crypto.
Project strengths:
The crypto market is developing dynamically, which offers good prospects for the
project.
The team members have the relevant specialized experience and can add value to
this project.
The project offers a type of service that is currently in demand.
Project weaknesses:
Unfortunately the beta version is not yet available (the project has announced mid-
January as the launch date).
The segment is highly competitive;
There was no marketing strategy or methods for attracting customers provided,
which may lead to an inadequate take-up for the project.
The project is still low profile, but the team's experience should help overcome this.
Market and Industry
The crypto market of course shows great potential: according to Infoholic Research
LLP forecasts, the crypto and blockchain markets will grow by 35.2% over the next 5
years. Consequently, we can expect an increase in investment in this sector.
[https://www.infoholicresearch.com/report/cryptocurrency-and-block-chain-market-
trends-2016-2022/]
The team point out that as of November 2017, Bitcoin alone had a market
capitalization of more than $100 billion; more than 1000 digital coins are traded on
crypto markets.
Comments: The crypto market is dynamically developing but the number of platforms
providing similar services is also growing rapidly. More details about competitors can
be seen in the next section.
Competitors
The project identifies the following competitors:
Criptoping - a service that monitors crypto markets and notifies when a
crypto asset shows unusual market action.
Cindicator - a crowd forecasting-platform on blockchain, providing forecasts
for financial markets.
Summary: There are many services offering crypto trading; however Taylor, unlike
its competitors, offers rate tracking services and bot-assisted trading.
Engineering features of the project
The platform is built on the basis of blockchain technology using smart contracts.
Technical description
The platform consists of the following aspects:
Marking monitor bot - constantly monitors markets or currency pairs on
exchanges (Bittrex and Poloniex).
Mobile application - enables a user to view proposed transactions.
Trade bot - manages a user's funds via API.
Taylor functions as follows:
1) A trading opportunity (signal) is identified, the market monitor bot (A) notifies users
via the Taylor mobile application (B).
2) After notification, users may analyze the proposed opportunity through the
application interface and decide whether they want to start a transaction.
3) After deciding on whether to trade, the user may choose the amount to be
invested and the desired target profit.
4) The trade bot (C) then performs its action.
Comments: The team uses proven technologies.
Technical roadmap
With the development of technology and data it is planned to implement the
following:
1st quarter of 2018 - Launch of the beta version of the mobile application.
Q2 2018 - Launch of Taylor mobile app V1, development of new trade/market
monitoring strategies.
Q3 2018 - Support for further currency pairs, additional trading/market
monitoring strategies.
Q4 2018 - Release of the desktop app, introduction of social commerce/trader
tracking function.
Q2 2019 - Release of web app, adding an automatic trade function.
Q3 2019 - Adding new and not yet discovered functions, products and
services.
Comments: The team has presented a step-by-step strategy for project
development. The beta version will be available in mid-January according to the
thread on BitcoinTalk.
[https://bitcointalk.org/index.php?topic=2664714&utm_source=site&utm_medium=bu
tton&utm_campaign=awareness&utm_content=announcement]
The following active modules are available in the open repository:
GitHub
Repository
Commits: 19
JGcarv: 100.00%
Comments: The repository contains 1 open module:
smart-contracts – which is dedicated to smart contracts. The module is active;
the last changes were made 11 hours ago (on January 30).
Repository Owner - Taylor.
Documentation
We have analyzed the Taylor website and documentation for sufficiency and
consistency for making an investment decision.
Information about the project is available in the White Paper, Terms of Use and
Privacy Statement in English. In the White Paper, the project is described in
sufficient detail. The main emphasis is on the components of the platform.
The website also provides information about the project, the ICO, the Roadmap,
bounty and bonuses, the blog, frequently asked questions with answers, consultants
and the team. The website is presented in English. The website features links to the
blog, a description of the bounty program and frequently asked questions.
Summary: The documentation enables a comprehensive view of the project. The
work process of the platform is described in sufficient detail but there is not enough
technical description of the project. Marketing strategy, development and plans for
market entry are not presented.
ICO
Tokens for sale: 76%
Public ICO start: February 19, 2018
Token type: TAY
Accepted payment: ETH
Price: 1 TAY = 0.0007 ETH
Crowdsale duration: 4 weeks, until March 20, 2018
Tay Token is a utility token that can be used to pay for platform services.
Taylor's services will be subscription-based. Monthly subscribers receive trading
signals on their mobile phones and have access to an automated trading interface.
They will be able to pay for the subscription using credit cards, some
cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), or using the TAY token.
The service charge is likely to be $60.00 per month. This price will be confirmed later
after some market checks.
Token limitation: 10,000,000
Token holder advantages: users who pay using TAY will have discounts on the
subscription fee and access to exclusive features such as priority notification and
higher trading limits
Dividends: No
Additional token emission: No
Max goal: 5960 ETH
Min goal: 500 ETH
Bonus:
Bounty
Bounty program
The project allocates 300 000 TAY (3% of all TAY issued) on the bounty; the
program is open in the following areas:
Summary: The project has an extensive bounty program. All details of the program
are available at the link above. Once all stakes are counted, users will see their TAY
tokens in their Taylor accounts. Tokens will be distributed after the TAY blockchain is
launched.
Token and capital distribution
Tokens and capital are distributed according to the following scheme:
Summary: Tokens do not affect the distribution of shares in the company. The
incentive system is built in such way that it is more profitable to buy tokens earlier.
Development plans
The roadmap:
According to the roadmap, the team has verified the demand for the service
provided. It will concentrate on the mobile application. Unfortunately, the roadmap is
mostly focused on the technical aspects of the project; questions about user
interaction and commercial development remain unanswered.
Summary: The roadmap does not disclose the project's scaling plans; however, it
contains a detailed technical component.
Team
The team features 13 people and 9 advisors. Information about the main team
members based on LinkedIn is as follows:
Fabio Seixas (LinkedIn) - Co-founder and CEO. Co-founder of LeadGrid, Jack
Sistemas, previously co-founder of Camiseteria.com.
Thiago Régis (LinkedIn) - Chief Technical Officer and Co-Founder. Previously
Drupal consultant at RNP, CEO and founder of FISQUA, public relations
manager at Drupal Brasil.
Rafael Salmon (LinkedIn) - Head of Marketing. CEO and founder of Codifique,
Microsoft .Net Trainer at Instituto Infnet, previously CEO and co-founder of
Salmon Consultoria / Vamos Innovations.
The team has 10 more people.
Summary: The majority of the team did not specify an affiliation with Taylor. The
team is mostly from Brazil, and has the following specialists: A community manager,
content specialist, public relations manager, UX designer, user interface specialist,
Fullstack developers, external developer, a Solidity developer and an attorney.
Marketing
Information about the project is available via various popular services such as
Twitter, Telegram, Reddit, Medium, Discord, LinkedIn, Facebook, GitHub,
BitcoinTalk and YouTube. The project has a bounty program.
The team is active on social media. News on the project appears regularly via Twitter
and Facebook; there is a blog on Medium. The format of articles about the project
shows that they were written mainly at the project's request.
Comments: Interest in the project is gradually growing. The marketing campaign is
developed mainly on Facebook and Twitter.
Traffic analysis of the Taylor website based on Similarweb.com data showed the
following:
Traffic sources: [Similarweb]
Comments: direct link: 34.75%, referrals: 7.51%, search: 1.98%, social media:
47.01%, mail: 8.75%
Search traffic: 1.98%, 100% from with is organic.
Referral links: 7.51%
A social activity analysis of the Taylor website based on BE1.ru data showed the
following:
Traffic sources: [https://be1.ru/stat/smarttaylor.io]
Comments: Top 5 countries of visitor origin: Brazil - 53.85%, the United States -
11.84%, Great Britain - 7.10%, Canada - 5.43%, France - 3.14%.
Referral links: medium.com: 65.15%; nyx.cz: 34.85%.
Social activity: Twitter: 66.74%; Facebook: 33.26%
Traffic analysis of the Taylor website based on analysis data showed the following:
Traffic sources: [https://a.pr-cy.ru/smarttaylor.io]
Activity: Visitors: 6253, views: 25,020
Social activity: Score: 1137, source: VK: 0, Facebook reposts: 1137, Google+: 0
Summary: Based on available data, users are just beginning to be interested in the
project. The team leads its advertising campaign on Twitter and Facebook; there is a
blog on Medium. Over the past month, website traffic has grown by 8000 visitors.
Contacts
The developers may be contacted using the links below:
Website
Telegram
Medium
Slack
Github
Bitcointalk
Youtube
The information contained in the document is for informational purposes only. The views
expressed in this document are solely personal stance of the ICOrating Team, based on data
from open access and information that developers provided to the team through Skype, email
or other means of communication.
Our goal is to increase the transparency and reliability of the young ICO market and to
minimize the risk of fraud.
We appreciate feedback with constructive comments, suggestions and ideas on how to make
the analysis more comprehensive and informative.