SprintX - An ICO Maker for Startups

What is the problem?

One of the biggest challenges for many new startups is acquiring funding, a step which most would agree is the most crucial in the success of any project. Typically lack of funding will result in failure for the startup, leading to often great ideas sometimes being unrealized.

There is a current lack of a secure platform in the blockchain industry that guides potential projects, and provides the tools and funding needed to help these projects reach their full potential.

The SprintX (SPX) Solution

SprintX is a startup incubator based on blockchain technology. The platform aims to support and finance the development of new business ideas within the cryptocurrenct markets with the support of SwitchX, a multi-functional exchange for both crypto and fiat. The core of SprintX is a support system for entrepreneurs, creators and startups, helping to perpetuate the cycle of growth and prosperity of their business and communities, whilst promoting the adoption of cryptocurrency.

SprintX is launching an ICO, with its token sale opening between the 24th of May, and 6th of June 2018. 

To do this, SprintX will receive and analyze applications from startups, and determine which of them can move to the next stage of development by the NOVA Foundation (an incubator partnered with SprintX) who provide funding, advisory, and business growth services, and also provide an ideal working environment for the development of their ideas.

SprintX believes that the projects born from its platform will be key players in the global adoption of cryptocurrency, which will be aided by the help of the second part of the platform – SwitchX. By incorporating a multi-functional exchange into the ecosystem, SprintX allows ICOs creating under its platform to automatically integrate their token into the exchange, massively reducing the time taken and financial burden usually endured by most ICOs.

What benefits does SprintX have?

By incorporating three services into one platform, SprintX aims to be the first comprehensive ICO incubator and development platform. Of course, for startups and hopeful entrepreneurs the number of benefits of this is platform are clearly numerous, but we have narrowed it down to a few of the most important;

1. Automatic exchange integration. This is a major benefit for almost any ICO, as getting accepted onto a good exchange is one of the more difficult challenges on standard roadmap. Over time as SwitchX becomes increasingly established as an exchange, startups will see increased trade volume, and hence liquidity for their token
2. SprintX will allow startups to generate their own executable smart-contracts on its platform by using Ethereum blockchain technology
3. SprintX will have the necessary permits to allow users to convert their cryptocurrencies directly into fiat. This will aid growth of the startups by allowing the public to convert their fiat into their tokens, and vice-versa
4. Startups get access to industry leading advice, tools and guidance to ensure their project reaches its full potential, plus a healthy cash injection to send them on their path to success.

Our verdict;

Whilst the world of venture capitalism, incubators and startup accelerators is relatively crowded in the fiat world, the crypto world has been much lacking an equivalent. SprintX hopes to be exactly that, by bringing all the tools for success under one streamlined ecosystem, enabling the next generation of blockchain products to flourish. Overall, we rate SprintX 7.3/10, the platform has a strong, if not entirely unique idea, but is let down by a relatively weak team, and excessive funding caps (200,000 ETH hard cap).

If you found this interesting, you can find out more below;

Website: https://sprintx.io/
Whitepaper: https://sprintx.io/docs/whitepaper-sprintx-en.pdf
Telegram: https://t.me/sprintXICO

About me;

Bitcointalk username: jamalaezaz

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=721115

Ethereum address: 0x05CAbdFE623E127a034B19349180984E8bB051C5