I think this project needs some more development on their platform and also marketing they have a very great aim and project but they will surely face many competitors in the market.
Competitors with similar technology? Are there any? I think they have a unique product and they need to take advantage of being the first on the market.
Yeah I haven't really hear anything quite similar.
They mentioned possible competitors,but those are not very serious ones,they are not on the same level as IVEP is,not as game breaking and innovative as this is.So i think nothing to worry about.
i think its the right move,to mention your possible competition in the whitepaper.Every ICO should do the same.