ICO Reviews

Room DAO – Blockchain based solutions for Travellers and Small Suppliers (ICO Review)

RoomDao – Huge solutions for travellers and small suppliers! RoomDao is a universal helper for travellers that’s fixing most of issues. The ICO is now open for investment and pre-sale is ongoing! So act now to get a huge discount!
Web presence & Social Media
Why we need Room DAO
It is very difficult for small local companies to get an access to large sites, aggregators such as EXPIDIA.COM and BOOKING.COM. On the other hand, local companies are very customer-oriented, offer much better terms, a wider choice of services and better prices.

Also, due to the fact that, unlike large aggregators, ROOMDAO does not take any commissions travelers will be able to order, and suppliers provide. Travel services are much cheaper, with savings of up to 20%: Expedition — 21%, booking.com — 23%!

This principle will reduce travel expenses, increase local companies revenues and increase the popularity of the ROOMDAO platform. ROOMDAO unites in itself a booking system for real estate, rent cars, transfers, excursions and travel insurance without intermediaries, allowing you to choose a tourist service for every taste and budget.

Room DAO platform features

Broad choice:
Full range of touristic services in one place. Property for lease, Property exchange Car rent, Guides, Taxis, Tours, Directories of sights, restaurants, bars and other useful information

First hand communication:
0% fee Money value up to 30% due to no fees and intermediates. Communicate directly via a user-friendly chat or make video call via our internal messenger.

Rating system: 
Decentralized rating system allows clients to choose the best market offer, while lessors and service providers could easily control their quality. Every rating, review and comment is written down to a blockchain, ensuring no modifications, editing.

Easy-to-use payment system:
Convert any crypto or fiat currency into ROOMDAO coin in Your online account. Pay for any services in ROOMDAO coins and get extra bonuses and cash-backs in the frame of our loyalty system.

Monetize your activity:
Gain bonuses and incentives in ROOMDAO coins for:

— Registration
— Published services and offers
— Recommendations, ratings
— Reviews, articles and travel notes.
Monetize your activity!

Safety & reliability:
We use blockchain technology to ensure your privacy safety. ROOMDAO includes:
— Smart-contracts in all transactions
— Private data storage
— Internal wallets data storage
— Reviews and ratings decentralized data storage
Why do we need RDC token
The ROOMDAO platform will offer its users a wide range of services allowing more benefits whilst their travel planning. All these services can be paid with ROOMDAO coin Token. ROOMDAO coin Tokens are ERC20 utility tokens for the blockchain-based marketplace with smart contracts. ROOMDAO coin Token helps to improve the efficiency of digital tourism marketplace. Any platform member can start using the ROOMDAO coin tokens payment system after the registration.

Also platform users will be able to additionally earn ROOMDAO coins by listing a hospitality premises (a house for sharing or exchange/a car for rent/other assets) and getting awards for platform internal activities (posting feedback/adding scores).

Having an opportunity to make promotions of own assets on the global marketplace supported by ROOMDAO coins, every platform member becomes an important and active influencer of the tourism economy.
Benefits of RDC Token
1. Token holders will get access to secure smart-contracts and safe open-source public blockchain-based platform of distributed ledger and smart contracting.
2. Assets owners will not be charged commission fees and will gain greater profit than competitors who would continue using typical centralized platforms.
3. Any webmaster will be able to see all transactions made trough a transaction identificational link as recorded by the blockchain.
4. Long-term ROOMDAO coin holders and active users of the platform will be rewarded for their time and effort.

5. Only 60 000 000 tokens will by distributed and all unsold tokens will be burned.

6. Users can buy RDC at platform with VISA.
Token Financials
Token name: RDC
Description: Utility token
Platform: ERC 20
Quantity: 60 000 000 with limitation to issue more tokens
Exchange rate: 1 ETHEREUM = 3000 ROOMDAO coin

Private sale: Completed

Presale: April 20th, 2018 – May 20th, 2018
Hardcap: 2 000 ETH
20.04.18 — 24.04.18 + 27%
25.04.18 — 28.04.18 + 20%
29.04.18 — 20.05.18 + 10%

Public token sale: July 1st, 2018 – July 30th, 2018
Softcap: 5000 ETH
Hardcap: 10 000 ETH
01.07.18 — 04.07.18 — 20%
05.07.18 — 12.07.18 — 15%
13.07.18 — 30.07.18 — 10%

All unsold tokens will be burned on August 5th, 2018.
(click on the picture to see in full-size)
The brilliant minds behind this project
What we think about Room Dao
Branding: (1 out of 1)
The branding of Room Dao is world class! The website is superbly designed and the information are placed in clear and concise way. The mission statement is also clear and to give the information about current issue and what Room Dao is preparing to solve. Full marks in this parameter as there is no place to decuct any!

Office address & registration: (1 out of 2)
The company RoomDao Ltd. is located in 6100, Batumi, Kobaladze street 4,  Georgia 1054 as per the information provided by one of the company representatives. However, we could not verify the registration details of the company as there is no centralized company directory available for Georgia. We found that the company address is neither mentioned anywhere in their ICO website nor in their whitepaper. This is the address we have received from their company representative through email. So we are considering the address as not verified and awarding 1 out of 2 in this parameter. 

Working product/MVP: (1.8 out of 2)
Room Dao has already introduced their MVP for the consumers to check. It is available through http://roomdao.com. So I encourage everyone to visit the platform and check the test functionalities. The platform looks really great and we sincerely hope it will become one of the major players in travel and tourism industry shortly. 

Social profiles: (1.5 out of 2)
Room Dao has a team of total 18 members, out of which 10 are their advisers. We have personally checked each and every profile listed in the website. We have seen there are few profiles that didn’t show any information about their association with Room Dao, so we contacted them and found out they are indeed associated with the ICO project. We are awarding 1.5 out of 2 in this parameter. 

Business feasibility: (1.7 out of 2)
Room Dao is aiming at trillion dollar travel & tourism industry. After reading their whitepaper thoroughly, we are convinced that the team is well informed about the current issues of this industry and has a rock-solid plan to disrupt the ongoing industry with a solid solution using blockchain technology. Even though this particular industry is already captured by some big names like Booking.com or Expidia.com, we see an immense possibility for Room Dao to capture a fair share by their innovative solution. We know that it is not an easy task but not impossible as well. So we are awarding 1.8 out of 2 in this parameter. 

Our rating: (0.9 out of 1)
Room Dao looks like a good ICO project to us. After seeing their strong and experienced team and the true potential of business, we have decided to award 0.9 out of 1 in this parameter. 

Final verdict: (7.9 out of 10)
After thorough research and analysis, Best ICO team decided to award 6.7 out of 10. However, once the MVP is available, the rating can certainly improve. So keep watching for updates!
Blog Admin
A seasoned Crypto currency professional with an open mind to understand and accept the dynamics of crypto eco-system.

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