Review on TraDove B2BCoin by Ayu Anggraini
Tradove review from ICO Investor
This time I will discuss a review of a project called tradove. I am an investor from Indonesia who invested $ 18,000 in this platform during the ICO phase. One BBC coin (B2B Coin) was 0.16 USD and currently price of BBC is just 0.000788 USD and i do not know whether I can get ROI or not.
Of course in the current condition I experienced a big loss from investing in Tradove. The first reason I invested in tradove was because they already had a Beta version of the b2b business platform that was running smoothly even though it was still in the initial coin offering phase in 2018. Tradove reached $ 52,000,000 from pre-ico and Ico investors. Like revain which already has a review platform bassed on the blockchain and has successfully used REV as compensation for high quality review writers, Tradove is also a start up project engaged in the field of social networking platform, bring together professional buyers and sellers. In this platform sellers and buyers can find business needs, products, services that have been reviewed and verified by a third party / Tradove business partner. So this platform is very useful for business people but with more transparency, better communication and backing up from business partners who verify sellers or buyers, Tradove actually just the one and only project in this niche/field which using smart contract on their platform and crypto as an integrated payment methods.
One of the reasons I invested money in Tradove was because Former Chairman and CEO of Bank of America was Tradove's advisor and investor. One of the team Director of Engineering, Alibaba is the chief technology officer at Tradove and many teams from various world-renowned companies, but unfortunately not expertise in blockchain technology.
One of Tradove's challenges in running this platform is mass adaptation. How to integrate the old platform into using smart contract and i feel like the team from tradove is not familiar with crypto space .
Tradove had not adopted the BBC coin or B2B business coin as a means of payment in the tradove platform earlier And most likely the user will leave Tradove when a new payment system is implemented on the platform. The bear market that occurred in 2018 was one of the things that caused the value of Tradove on the exchange to decline rapidly to more than 95% of the initial ICO value. If you look at roadmaps in 2018-2019 where Tradove wants to reach 1-3 million users from the major industries, then it can be said that Tradove has failed to reach the target milestone in 2018-2019. At present Tradove only reaches 250,000 users & 100,000 companies that haven't changed significantly since ICO. And now Tradove will start using BB coins as accepted payment among international trade in Q3-Q4 2020.
At the moment Tradove only has $ 1326 trading volume with lack of updates which very important in crypto space. And if this continues without significant progress from Tradove, Tradove will be delisted from the exchange due to lack of volume and too slow development. I believe that the project needs time to develop and work on, I hope Tradove can show good project performance going forward so that the BBC coin has real uses cases and its not become a failed project.
Pros
- It has a working platform
- Continuous improvement and development
Cons
- Lack of updates. They did not maintain the community in crypto
- The team is not an expertise on blockhain project
- The team continuously make a great effort in term of marketing but they only focus on untargetted people who is not familiar with crypto or from among regular people
- They should focus on teaching their targets which is CRYPTO USER AND CRYPTO COMMUNITY
