SWOT analysis of ICO (ITO) project

Assessment of strengths and weaknesses, opportunities and threats to the external environment

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Taklimakan Network

https://www.taklimakan.io/
Project concept
4.0
Business model
4.7
The tech
3.5
Team
5.3
Tokens
5.7
Project support
4.7
Media Environment
5.5
Jurisprudence
4.9

Average score

4.7 / 7.0
Taklimakan Network is an investment and an educational business platform which gives an opportunity for the users to increase their level of literacy in the crypto industry and to learn practical trading skills. Each user will be able to select a crypto investment mentor, take a course of webinars and lectures.
Price
0.05 USD
Soft cap
5,000,000 USD
Hard cap
27,500,000 USD
Bonuses at Pre-Sale
up to 30%
Bounty campaign
true
Platform
Ethereum
Token type
ERC20
Accepted
BTC, ETH, BCH, XRP, LTC
Country
Singapore
Taklimakan Network is implemented in highly competitive promising fields of crypto trading and investments in
cryptocurrency portfolios and ICO projects. Professionals and newcomers will have motivational incentives for effective
interaction within the project, the circuit of participants interaction built on the TKLN token is described in detail. The legal
structure of the company is transparent, and the use of an escrow is realized to reduce investment risks. The main disadvantage
is the incomplete competition strategy, that can become critical for further development in a highly competitive field.

Strengths

There is a clear roadmap
There is a detailed financial plan
Dispersal of funds is regulated
The issuance of tokens is limited
The project is popular on social networks and in thematic communities
The project is widely discussed on blockchain news resources
The founders and leaders of the project are recognized professionals in their fields and in the blockchain industry
The project team has extensive experience and a strong track record
The project has a strong advisory board
The project’s partners are large and well-known
The source code of the project is published on GitHub.

Weaknesses

The competitive landscape and the project's competitive advantages are not sufficiently defined
The team does not have a working product

Opportunities

Increasing demand for the company's product
Increased demand for tokens from ecosystem participants
The project activities are carried out with the fulfillment of the requirements for the processing and storage of personal data
AML Activities
Activities in the legal field of entrepreneurship and tax payments

Threats

There is a risk of anauthorized withdrawal of funds through a vulnerability in the code

Recommendations for the project

High-priority tasks

  • Describe the competitive landscape and the project's competitive advantages in detail
  • Submit a product prototype
  • Carry out a safety audit of the smart contract and publish the results

More information is required

  • about the need for blockchain tecnology in the project
  • about the business model details
  • about the legal structure of the company
  • about the experience of the founders in the implementation of a successful business
  • about the market problem that the project plans to solve
  • about the mechanism for protecting tokens against devaluation
  • about compliance with the legislation requirements of the securities market and on the taking preventive measures
  • about the conditions of the token sale
  • about large VC investors in the project
  • about the competitive advantages of the product

Medium-priority tasks

  • Finalize the roadmap
  • Finalize the financial plan
  • Increase activity on social networks and in thematic communities
  • Attract more consultants with extensive experience and competencies to the advisory board, that are not present among other advisory board members
  • Establish additional partnerships with large and well-known companies
  • Increase the functional readiness of the platform's source code
  • Identify additional opportunities to increase demand for the product
  • Eliminate minor violations of the legislation in financial regulation and AML
  • Work out additional legal risks of project implementation
The results of SWOT analysis express the views of DigRate and does not constitute a statement of fact or recommendation to buy, hold, or sell these or any other assets, or make investment decisions. This information may be distributed without the prior consent of DigRate, but must contain links to www.digrate.com