the answer is clear - worldcore is not a scam! ...
How much money did the worldcore team receive during the ico? What points of the roadmap they have fulfilled?
$5 mln:- Membership of VISA, MASTERCARD, CHINA UNIONPAY, SWIFT and SEPA (Q1 2018)
- Launch branded and co-branded debit cards for businesses. (Q1 2018)
- Dedicated IBAN for each account. (Q1 2018)
- Expansion of the marketing budget, sales volume and marketing team to triple the growth rate. (Q4 2017)
- Opening of 5 offices in Europe with the participation of local specialists in marketing, sales and customer support to increase the attractiveness of Worldcore services for the local population. (Q2-3 2018)
- Launch of Worldcore brokerage platform for blockchain assets trade. (Q2 2018)
$10 mln:- Membership of JCB and American Express.
- Opening of 5 more offices in 5 European countries. (Q1 2019)
- Launch of P2P blockchain credit platform with unique functions regulated by British law. (Q3 2018)
This we consider the main stage: Geographical expansion in European countries and acquisition of membership in payment systems for the development of Worldcores business are fundamental. The launch of a blockchain credit platform in the event of success will ensure synergy with the core business of Worldcore, which is clearly positive for the project.
$25 mln:- Platform for payment based on blockchain technology for easy and instant conversion of Crypto-currency into cash and back to more than 1000 cash points worldwide, including all Worldcore offices. (Q1 2019)
- Launch of WorldcoreTV the worlds first hybrid of TV channel and digital media, focused on the FinTech industry and blockchain, with online international broadcasting in 24/7 mode via satellite and IPTV; (Q2 2018)
- Creating the WorldcoreTV trading platform on an auction basis for effective monetization of WorldcoreTV; (Q3 2018)
- International marketing campaigns at events and in open air for all products in most European countries.
WorldcoreTV is very capital-intensive, but ambiguous from the point of view of further monetization. The platform for converting cryptocurrency, in turn, will already face strong competition by 2019: this segment will be quickly saturated.
$50 mln:- Global transfer to a Swiss bank with revolutionary investments, credit, brokerage, insurance and payment products due to the loyalty of these jurisdictions to cryptocurrency. (Q2-3 2019)
- Sponsorship of world-renowned sports teams in football, hockey and racing championships in order to maximize brand awareness with further profit growth.
- Creation of special and unique conditions for all ICO participants.
Transfer to a Swiss bank looks like marketingspeak. For Worldcores business it is inexpedient and unprofitable. On the contrary, a less well-known jurisdiction will allow the same operations to be conducted more cheaply. Sponsorship is also a controversial decision from the point of view of the ICO. Sponsoring sports teams at the expense of the means of backers, in our understanding, is not best practice.
$100 mln:All funds exceeding $50 million will be used for further development of the market, added to the potential bank capital of Worldcore and used for further IPO.
We were concerned about the announcement of an IPO in this context. We believe that an IPO after an ICO creates a conflict of interest between shareholders and tokenholders. The team assured us that there are no plans to stage an IPO in current regulatory and legal realities; in the event that the situation changes the decision will be taken by tokenholder vote.