I read the whitepaper and I don't see a use for the token in their model. They haven't got any asset contracts linking the token to their adoption or underlying company or in any free market integration on their tech. If they do, they have done a really bad job in describing it. I have done my own research and I chose not to invest in a pure fomo/fud hype market alone. I welcome you to debate this topic. Show me otherwise netnutter.
Respect! I respect people who do their fundamental analysis before going for an investment. I couldn't agree with you more about the fact that some parts of the whitepaper are rather blurry.
I am also observing and trying to understand some areas of the project that are not clear to me. Once I get my answers then probably I am going to invest.
On the whitepaper it says that the users work as miner by scanning and verifying the products. But they have failed to elaborate on that. My understanding is by scanning the product users are timestamping and updating the Geolocation of a certain product. So basically the users are kind of verifying the manufacturers claim.
But the whole purpose and use of 'block-chain' is rather abstract!
On the flip-side, speaking from experience, almost all the Asian projects are notorious for ambiguity at the beginning. Gradually they tend to overcome those issues. I have sent emails and messages and waiting to hear from them. If I find new info that might be helpful, will defo share with you.