Tokeneo ICO (TEO)

Tokeneo is building a cryptocurrency exchange owned by its users, paying out dividends to their community investors. This is an exciting and growing niche, but Tokeneo failed to discuss this particular market or target user market in their whitepaper - despite this, it did explore competitors thoroughly. The CEO and CTO are both lacking experienced, but the development team has some valuable experience. The product’s realizability may be affected by this team’s level of experience. The github could not be located, but there has been an MVP released, with full platform decentralizing scheduled in 2020. There are multiple marketing team members - the CMO is lacking marketing management experience, but with the marketing director they have good combined management expertise. Marketing efforts were average, with low response from the cryptocurrency community. We did identify some red flags, including a lack of regulation discussion despite the company’s repeated discussion of dividends. Additionally, no KYC is completed (and the whitepaper discloses that those who previously could not pass KYC will be able to purchase these tokens to a limit). The founder of the company was not disclosed, nor the attached companies affiliated with Tokeneo. Lastly, several questions were not answers by admin staff on Telegram.