ICO SUMMARY : ADBANK (ADB)

Adbank LogoDATE OF ICO:   15th December 2017 thru 21st Jan 2018

Value Proposition:  Adbank is a powerful online ad platform built on Ethereum to remove costly middlemen & dramatically reduce the $50 billion problem of ad fraud using advanced AI technology.

Token Economics:

  • Token type:  ERC20
  • Token Supply:  510,000,000 on offer for ICO; 1Bn total supply
  • Amount Being Raised: $14,000,000 USD (10,000 ETH)
  • Token Distribution:  51% available to ICO contributors; 20% team & advisors, 29% in reserve for token
  • Token Price:  1 ADB = 0.0465 USD (0.00003 ETH)

Token Use in the Platform:   Tokens are used to enable advertisers to purchase ads on the Adbank platform.

Ownership of ADB Opportunity:  The ADB token will power the Adbank network. If the ADB platform gains widespread adoption and its anti-fraud technology is used by other platforms as well, then there is visible upside in the ADB currency.

MVP:    They have a minimum viable product and several patent filings for their technology.

Strength of Team:       The team is strong, very marketing focussed which is what this platform will need.

The reason I like it:  I like Adbank because of their focus on eliminating fraud from the advertising industry.  They’ve numerous patents filed for the AI fraud detection technology and they are building an API so that other ad networks with less sophisticated fraud technology can leverage the Adbank fraud intelligence.

Website link:  https://adbank.network/

 

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