MAVRO (MVR) Overview
MAVRO is a decentralized and transparent platform for Multi Level Marketing system based on Blockchain Ethereum.
|Start of Pre-ICO||21.01.2018|
|End of Pre-ICO||21.02.2018|
|Start of ICO||15.03.2018|
|End of ICO||15.04.2018|
|Initial price||1 ETH = 4700 MVR|
|Total tokens||625 000 000 MAVRO|
|Hard cap||100 000 ETH|
|Soft cap||10 000 ETH|
The project is still far from its goals to settle urgent issues of payment systems. There is no clear forecast of revenue drivers and operating expenses. The project has no understanding what market share it may occupy.
Token economics will work if the Company meets its commitment of limited number of tokens. Fixed quantity of tokens and raising volume of payment in MLM industry will be the key drivers of tokens value.
The market of online payments has a huge growth potential. The market segment related with MLM industry is characterized by low competition level. The Company found very dynamic niche with large number of customers.
Top team members have limited expertise in implementation and management of payment systems. The Company does not publish information about a number of developers and their background.
The Company still does not work with any partners or the negotiations at a very early stage. It means that the project does not have any support in MLM or cryptocurrency and blockchain society.
Marketing strategy is very aggressive. The Company tries to attract many individuals to join ICO and become investors. However the Company does not pay attention for profound market analysis and maintaining relations with large MLM companies (target users of payment platform).
The Company does not provide any prototype of its platform or application based on blockchain.
Top-management has doubtful reputation in financial sector.
The project may not reach its commercial potential due to unclear strategy and poor management.