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.