Time and again I see projects that reckon that it would suffice just to plaster “blockchain” all over the pitch deck and the investors will come flocking up from all sides. After browsing through their website and perusing the official papers, I arrived at the conclusion that all Binkabi does is that it introduces unnecessary complications. For instance, one could perform swaps or purchase commodities through the platform, but it is still required to deposit funds to a bank. So much for cutting out the middleman. Moreover, the Binkabi whitepaper doesn’t have a single word about their approach towards logistics and such matters as handling customs. I’d pass on Binkabi for sure.
Austin June 26, 2019 Reply
The project certainly has a great vision and is expected to launch its working product quite soon. However, a lot of people may see the lack of information as a big red flag at the moment. Another issue right now is that its team is entirely unverified. If true, it is certainly a good team, with no lack of advisors, all of which are also unverified. It also lacks a roadmap, although it does have a 55-page long white paper, which might mean that the current lack of information is only a temporary matter.
George June 26, 2019 Reply
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