Streamlining the business development process could let ideas thrive rapidly into profit.
The team looks to have limited knowledge in the crypto-space however, they do appear to have the general qualifications to complete a project of this scale. Several team members are consulting and not working on the project full-time.
Being unable to provide any demonstration material makes this a difficult investment. The project is claimed to be around for along time with very little to show for.
In PopulTrade you can create, join or invest in any kind of business. PT will bring the possibility to access investments to anyone who has an idea for a business. Owners of various companies will be able to invest by simply entering an investment request. Other people, uninvolved in commerce, who just have business ideas, will be able to get capital to fulfill them and turn them into real businesses through the PT groups. PT will be able to create this capital on account of everyday activities, such as purchases of articles, usage of services and successfully executed businesses. The created capital will be managed in a democratic way by members gathered in the PT groups (like you), members who will cooperate in a business transaction and will contribute to its growth and success, will consequently earn on behalf of their work.
1. Concept is not well thought out
The nature of the product and its features are not refined. A project at this stage should be able to explain their systems (voting, election, etc.) with more specificity.
Popultrade aims to be a one stop shop for business development and finance by idealizing niche projects and ideas. Popultrade’s flagship idea suggests users will be able to crowdsource funding for specific business activities, while allowing investors to vote and uphold managerial/financial roles within their specific business group. Placing financial trust in a voted outcome appears to be a fair process, but this opens the door to a business strategy plagued by votes from fraudulent individuals assuming multiple identities and voting for themselves. How easy would it be for a user to make several accounts and rate themselves on work they have not completed? This is a real issue on websites such as Upwork and LinkedIn. With Popultrade, security and fraud prevention is likely to be contained in the empty hands of the forgotten investor. These issues should be well thought out in their whitepaper before taking it to market.
Popultrade claims their users will have access to millions of dollars in their first year of operation however, its no secret that their marketing is suffering. Such baseless statistics provide no real insight into the actual future value of their token. What is clear though, is that Popultrade will struggle in the software industry. Their product was apparently conceptualized and in-development for years, but not a single preview or mock-up design is available to the public. Popultrade could be a great idea and investment but their concept lacks many important details that should be concrete at this stage of capital raising.