CryptoPotato score
GoWithMi
IEO on Gate.IO Platform
IEO on Gate.IO PlatformGoWithMi Review an Rating
Pros
- World class team members: The CEO, Oliver Li, is an expert in the spatial information industry which co-founded Cennavi, the largest UGC map in China, being acquired in 2008 for 100 million RMB by NavInfo, the largest listed company in China. The CTO, Simon Ren, one of the earliest founders of map navigation engine in China. From the advisor's side, we see strong advisors both from the academic world such as Dr. Jerry Fuqua (Executive Committee of the MIT-Stanford Venture Lab (VLAB)) and from the business side with Xue Manzi (Charles Xue) which is considered to be one of the leading investors in China. However, we don't see reliable blockchain expert among the team members.
- Navigation and location-based apps are enormous industry, with already a vast amount of users and penetration to populated cities the adoption can be huge. The fact that the token sale is being conducted on the top of Gate.io could also contribute to the short term potential.
Cons
- Development: From the location app point of view, the app is already well developed with many features and 1.2 M users. From the blockchain side, test net will be ready at Q4 2019, all the rest of the blockchain: Integrated wallet, map treasure hunt, etc. are still on development.
IEO Ended
18 May 2019
$9,817,759
Token: GMAT
Token type: ERC-20
ICO price: 1 GMAT = 0.0015 USDT
Finite token number: 14,900,000,000 GMAT
Token Allocation: 12% Seed/Private sale/Presale, 10% Startup sale, 15% Market business, 15% Foundation, 10% Team, 8% Early Investor, 30% Mining.
Availability: Afghanistan, Albania, Belarus, Bosniaand Herzegovina, Burundi, Burma, Canada, China, Democratic Republic of Congo, Cuba, Ethiopia, Guinea-Bissau, Guinea, Iran, Iraq, Japan, North Korea, Liberia, Lebanon, Libya, Macedonia, Malaysia, New Zealand, Serbia, Sri Lanka, Sudan, Somalia, Syria, Thailand, Trinidad and Tobago, Tunisia, Uganda, Ukraine, United States of America, Venezuela, Yemen, Zimbabwe are Exempted.
Status: Whitepaper is ready.
Accepted currencies: GT, USDT
GATE.IO IEO Lock up period: None
Date: May 8, 2019
1 GMAT = 0.0015 USDT
Pre-sale Lock up period: None
Date: Dec 2018
1 GMAT = 0.006 USDT
Private sale Lock up period: 6 months
Date: Aug 2018
1 GMAT = 0.004615 USDT
Seed Round Lock up period: 19 months
Date: Jun 2018
1 GMAT = 0.003636 USDT
Community
0 followers
1,368 members
Project Links
Team Members
Yolanda Pan
Founding Partner & CPO
Iwan SP
Founding Partner & COO in Indonesia
Advisory board
Investors
Partners
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