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CryptoPotato score

8.4/10

DUO Network

DUO is a new, decentralized, income-generating stable token backed by first-class financial engineering and market proved model. A decentralized margin trading product, our tranche contract can increase the underlying market’s liquidity, bring in innovative assets to decentralized exchanges, and benefit the blockchain ecosystem as a whole.
The platform aims to reduce risks and barriers in traditional derivative transactions, through collateralized smart contracts and self-governed reference rates, thereby creating a transparent and autonomous derivative marketplace. There would be no need to do dollar equivalent conversions before transactions. Rather, the cryptocurrency itself will be a standard unit of valuation.
Token will be used for payments, transactions and utility across the platform.

Duo Network Review and Rating

8.4

Team

7.9/10

Stage of The Project

8.5/10

Project Potential

8.5/10

Community

8.6/10

Token-Use

8.2/10

Token Sale Terms

8.7/10

White Paper

8.5/10

Technology

8.4/10

Pros

  • Project Potential: With the recent hype of IEOs short term looks excellent. For the long run, it is not easy for a trading platform to gain mass adoption without solid partners
  • Token Sale Terms are looking pretty fair: Cap of 15M used for the total circulation, 22% of tokens were being sold for 5.1 M USD (both in the private sale and the IEO). For such a project to overcome 15 M USD cap is not going to be very difficult

Cons

  • No significant name from the blockchain industry both in the team members and the advisory board. Contrarily, the CEO and CTO both come from an advanced economic experience.

Presale on Bitmax Ended

27 Apr 2019

Total raised
$5,100,000 / $5,100,000

Token: DUO

Token type: ERC-20

ICO price: 1 DUO = $0.15 USDT

Finite token number: 100,000,000 DUO

Token Allocation: Sale 22% | Community Incentive 28% | Long-term Reserve 25% | Team Incentive 20% | Advisors and Compliance 5%

Availability: No restrictions

Status: Whitepaper is ready.

Accepted currencies: USDT, BTC

Private Sale
3% before initial trading platform listing, 3% 1 month after listing, 3% 2 months after listing, 11% 3 months after listing, 10% each month from the 4th month

Date: Undisclosed
Cap: 12,000,000 DUO (3.6M USD)
Price: 1 DUO = 0.3 USDT

Presale on Bitmax
Token Distribution: 24 hrs after presale

Date: 12 PM UTC, Apr 27 - 1 PM UTC, Apr 27
Cap: 10,000,000 DUO (1.5M USD)
Price: 1 DUO = 0.15 USDT

Team Members

Duo network team

Jerry LI

CEO

Duo network team

Yizhou CAO

CTO

Duo network team

Lino WANG

Head of Marketing

Duo network team

Ting GAO

Head of Markets

Duo network team

Anastasia Koltovich

Community Manager

Advisory board

Duo network team

Prof. Steven KOU

Advisor

Duo network team

Xi LI

Advisor

Duo network team

Tony REN

Technical Advisor

Partners

blackrock_logoCreditSuisse logoDeloitte logoCiti logoHuawei logoLondonBusinessSchool logo

Investors

Node logoLemiscap logoldcap logoBitrisevcContinue cap logoBibox logoUniValues Associates logoHcapital logoBlocksouceFoundation logoZhenFund Logo

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