Scrinium Basic Review

Name: Scrinium

Ticker symbol: SCR

Project type: Fintech/Social Trading/ Finance/ Investments/ Decentralized investment

Extended company description: Scrinium is a decentralized investment platform that helps to pick the most appropriate trading strategy based on performance analysis of traders worldwide, to automatically create an individual investment portfolio fit for every private investor. [1]

Company: ABT Technologies LP

Website

Whitepaper

Public ICO launch: 11.02.2018

Public ICO end date: 11.03.2018

Crowdsale duration (weeks): 8,0 (Pre ICO and ICO stages)

Token type: ERC-20

Token supply: 180 000 000

Tokens available for purchase (Pre-Sale + Public ICO): 140 400 000

The purpose of attracting investments: Development and launch of the platform.

1 SCR price: 0.000333 ETH

Accepted payments: Ethereum

Bounty: Starts on 24.11.2017 (details in the relevant selection).

Token role: Functional

Team (number of people): 10

Advisors and partners (number of people): 3

GitHub

Twitter: Posting: 5, Subscribers: 65

Telegram: Subscribers: 25

Instagram: Posting: 2, Subscribers: 3

Linkedin: Subscribers: 13

Facebook: Subscribers: 2566

Scrinium is a decentralized investment platform that helps a user select the most appropriate trading strategy based on performance analysis of traders worldwide, to automatically create an individual investment portfolio fit for every private investor. [1]

Scrinium will provide the following services: [2]

  • Creation of an optimal investment portfolio
  • selecting traders
  • a mobile application for creating an investment portfolio. 

Partners:

OctaFX — a partner in the field of currency pairs trading.

Advisors:

Andreas Siapanis (LinkedIn) — Legal council. Founding partner at Andreas P. Siapanis & Associates, Military legal council for the Ministry of Defence of the Republic of Cyprus (6 years.)

Larissa Borisova (no data) — Senior IT consultant.

Matt Sevely (LinkedIn) — Social media advisor. Social media manager at OctaFX (10 months), social media manager at Wall Street English (2 years), Internet marketing manager at TRICOM, S.A. (3.5 years).

Investments attracted: N/A

The project has experienced professionals and advisors behind it. Unfortunately, the project does not yet have sufficient attention (compared to other ICOs) from the blockchain community.

Strengths of the project:

  • based on the analytical data, we would like to note that the project team has chosen a steadily growing market where we believe it is possible to occupy a prominent share.
  • a significant advantage is that the project has an industrial partner in trade analytics.

Weaknesses of the project:

  • The project does not yet have an MVP (minimal viable product) — even with a trade analyst as partner, the project team has not yet presented its artificial intelligence (AI) for picking trade strategies.
  • there is also no set platform development strategy (including marketing), which could lead to a lack of investors (users) in the system.
  • In addition, it is not clear how an investor will convert their finances from tokens to fiat (there is no description of this process).

According to the World Federation of Exchanges, global capitalization of the securities and currency trading market has grown by 4.4%. However, there was a decline in derivative trade (2%) and share trade (15%). As far as market participants are concerned, Simon Troy (Marketing Head at www.forextrade1.com) has estimated that there are now about 77,296 million traders worldwide. [29], [30], [31], [32], [33], [34]

Turning to the cryptocurrency market, we can speak of great potential: According to Infoholic Research LLP report, the cryptocurrency and blockchain technology market will grow by 35.2% in the next five years.

The project team wants to offer potential investors (users) the use of third-party trading strategies and elaboration of an individual plan after making a decision about investment tools and profitability. An additional benefit is that users will not be charged with commission for using the platform. The profits will come from the commission from Liquidity Providers for the sales volume that comes from Scrinium. [2]

Unfortunately, the official documentation does not include an analysis of the market for direct clients of the platform (Liquidity Providers) and their users (investors).

Comment: There is no market analysis in the white paper. Moreover, the project team has not presented a market entry strategy or any methods for attracting target audiences.

In the course of our review, we identified the following competitor:

Brickblock — an integrated platform for trading various financial assets, as well as for bringing together brokers and investors.

Resume: The difference between Scrinium and its competitor is that on Scrinium, the process of matching a user with a trader is automated, while on Brickblock you have to find a trader on your own.

The platform is built on the basis of blockchain technology using smart contracts operating in an Ethereum environment. [2]

Scrinium will use Ethereum with the Raiden network to ensure stability, high transaction speed, and scalability for the entire network. The scalable environment will be built on standard web technologies and decentralized distributed technologies IPFS/SWARM [35] and BigchainDB/IPDB [36].

The following is a diagram of Scrinium platform member interaction:

 

Technology description

The series of steps required for a platform user to take: [2]

  • An investor would open an account and select suitable options for generating his portfolio.
  • A trader would connect his new or existing trading account to Scrinium via the API.
  • The trader would then carry on trading in their usual manner, while Scrinium would record the trades, analyse them and suggest inclusion in different investor portfolios depending on trading performance and consistency.
  • At the same time Scrinium would send exact copies of the trader’s orders to the investor’s account in one or several liquidity providers from a liquidity pool.
  • Once a trade is closed with positive results, Scrinium assigns a profit to the investor immediately and pays out the trader’s reward.

Comment: The platform links traders and investors, which is a classic pattern of interaction in the exchange industry.

 

Technological Roadmap

In the future, with the development of the technology and data capacity it is planned to implement the following: [2]

  • December 2017 — development of an internal platform prototype for testing.
  • March 2018 — Blockchain contracts integration.
  • May 2018 — prototype release.
  • June 2018 — smart portfolio compilation, testing.
  • September 2018 — product release.

Comment: The roadmap provides a fairly succinct description of the platform’s development. In addition, the project's technology development plans are interrupted in the course of 2018. It is, therefore, not entirely clear which direction the project will pursue.

The chart-engine module is given in the open repository.

Comment: The activity in the repository is minimal; a scheduling module is given. Unfortunately, there is no smart contract nor any AI modules.

Resume: The technical content of the project is quite clear. However, AI operation should have been described in more detail and/or displayed.

We checked the site and the documentation of Scrinium for sufficiency and consistency in order to make an investment decision.

In addition to the project site, the documentation contains a White paper in English. In the provided document, the description of Scrinium is rather brief. In addition, the information on the promotion plans and possible risks was not disclosed.

The website provides the following information: about the project, the team, the Roadmap, token distribution, staging the public ICO. [1]

Resume:  The project documentation can provide a general overview of the platform. However, we recommend the project give much deeper attention to fundamental development issues.

Public ICO launch: February 11, 2018

Tokens to be released, % 78%

Token type: ERC-20

Accepted as payment: Ethereum

1SCR cost: 0.000333 ETH

Crowdsale period: 4 weeks, until 11 March 2018

SCR is the operating platform currency of the platform used for investing in transactions. There is no commission charged to investors (users). The commission is paid by liquidity providers for the traded volume that comes from the Scrinium platform (a classic scheme for financial services). Profits from the commission are divided between the project and  traders for successful transactions. [2]

Token issue limit: 180 000 000

Advantages for token holders: limited-quantity tokens, and tokens are functional which allows either use of the platform’s services or their sale.

Maximum planning amount of profit: ~38000 ETH

Minimum planning amount of profit: ~4000 ETH

Tokens are sold in several stages: [2]

Comment: In the 4th Quarter of 2017, the project will launch its Pre-ICO, and the ICO will be staged in the 1st Quarter of 2018. According to the project, all unsold tokens will be destroyed after the ICO. [2]

 

Bounty

Link https://medium.com/@ScriniumAi/scrinium-ai-announces-the-launch-of-scrinium-bounty-program-70b3a3093204

Scheme of interest distribution by program:  The project allocates 4% (7 200 000 SCR) of all issued tokens to the bounty program, which is open in the following directions:

  • publications on Twitter
  • publications on Facebook
  • Instagram publications
  • companies in the media
  • blog posts.

Resume: The bounty program was announced on 24.11.2017. Follow the link for further details.

 

Tokens and capital distribution

Tokens and capital are distributed according to the following scheme:

Resume: Tokens do not affect the distribution of shares in the company. The reward system is set up so that it's more profitable to buy tokens earlier.

 

  • January 2019 — expanding the team;
  • October 2018 — increasing the number of liquid assets. [2]

Resume: There is no description of the marketing campaign in the white paper or roadmap. However, a team representative notes that at the current stage they are trying to get as much exposure as possible among the target audience on social and industry-related websites. Via SMM, the team is planning to engage users with interesting and at the same time educational content while creating a trustworthy and reliable image. The team representative also mentioned that they are trying to be very transparent and open to feedback and suggestions from potential users and investors.

The team consists of 10 people, as well as 3 advisors. Information on the core members of the team (LinkedIn):

Sebastian Forbes (LinkedIn) — CEO, financial director, co-founder. CEO/finance director of OctaFX. Formerly: Financial controller in such companies as: Exness, FX STAT, Meritkapital. For more than six years, he worked as an accountant in the British government in London;

Georgios D. Pantzis (LinkedIn) — Trading/dealing expert, co-founder. Independent non-executive director at Felicitas Management Investment Services Ltd. Formerly: Head of Personal Account Department at Exness (Cy) Ltd, a former member of the Board of Directors at ESEL Spolp Ltd, Head of Brokerage at Commexfx;

Aleksey Taygin (LinkedIn) — Co-founder, system architect. An experienced developer: backend developer in such companies as: OctaFX, Elance-ODesk, Ronas it; Full stack web developer at Promobit Ltd;

Tatiana Shabanova (LinkedIn) — Member of the board. The chief manager at Signet Global Limited. Formerly: chief manager at Amareno Commercial Limited (7 years), chief manager at Intelsa Investments Limited (3.5 years);

There are 6 other people in the team.

Comments: The entire core team indicates its affiliation with the project.

Resume: On Linkedin, 12 people indicate their affiliation with the project. The team also has experts in the following fields: Software, investment relations in Europe, smart contracts, DAO and system architecture, risk management. Most of the team members indicate their involvement with other projects.

Information about the project is available on Twitter, Facebook, Telegram. The bounty program is being developed.

The project has just started activity on social media. News on Twitter, Facebook, and Telegram started appearing only recently. The format of the articles suggests that they were primarily ordered by the project.

Comment: The level of interest in the project is low for the time being. The main marketing campaign is deployed on Twitter and Facebook. [1]

Analysis of the site traffic based on Similarweb.com data showed the following: [6]

Comment: 100% — direct link traffic.

Traffic through search: 0%

Referral links: 0%

Comment: Because of the lack of public data on site traffic, it is not possible to say how popular the site is among users. [32]

Resume: Based on available data about the project, it can be concluded that the team has only just now launched its marketing campaign. Just a few days ago, news on social media (Facebook, Twitter) was published for the first time, and a Telegram channel was created.

The developers may be contacted using the links below.

Website

Twitter

Telegram

Instagram

LinkedIn

Facebook

GitHub

 

 

The information contained in the document is for informational purposes only. The views expressed in this document are solely personal stance of the ICOrating Team, based on data from open access and information that developers provided to the team through Skype, email or other means of communication.

Our goal is to increase the transparency and reliability of the young ICO market and to minimize the risk of fraud.

We appreciate feedback with constructive comments, suggestions and ideas on how to make the analysis more comprehensive and informative.