Czero

CZMT
Pre-ICO Start: 6/10/18 Pre-ICO End: 7/14/18

BMJ Score: 3.8

Market

Transparency

Team

Token

Adoption

Quick Summary

25 Investors read this
Along with several other pluses, this ICO project piqued us for one thing we too seldom see among such early-stage startups: it has patents.

Commentary

Czero appears to be right on for a blockchain-and-token-based business model. Consumers earn its CZMT tokens by riding or driving all-electric vehicles. They spend those coins to pay for charging from Czero's patented products. Oh, the project has a stamp of approval from the Indian government. Like any consumer offering, however, Czero's success will hinge on widespread adoption, and all that's entailed to generate it, such as massive marketing spends.

Investment Information:

  • How to invest: You have to first register on the website portal before you can invest.
  • Discount: The pre-ICO has 6 stages all with different discounts. They are as follows: Stage 1: 50%, Stage 2: 45%, Stage 3: 40%, Stage 4: 35%, Stage 5: 30%, and Stage 6: 17%.
  • Eligibility: Residents of the United States or the Peoples Republic of China are not allowed to participate.
  • Token Price: $2.40 USD
  • Jurisdiction: Government of India

Market: 4

  • Problem addressed/solved: Czero wants to combat the various challenges facing electric mobility today. The prohibitive cost of batteries, slow charging, limited life of batteries, and meager numbers of charging infrastructure, associated support, and service are just some challenges to be addressed. There are not many coins in this space that are directly targeting a cause such as clean air quality in India. As several studies attest, vehicle pollution is extremely harmful to the environment and causes 2.3 million deaths annually in India. The need is real. The electrical vehicle market is growing incredibly fast, at 300% per year. This is a niche project in a strong industry with promise.
  • Target customers/customer/ segments/verticals: Czero is targeting those who currently use electric mobility and those who are potential buyers of electric mobility. They want to essentially acquire an army of miners who will mine tokens just by using their electric transportation.
  • Value creation: With patented products, CZero has developed and patented several products such as smart charging stations, wireless chargers, battery swapping stations, and a few more. All these infrastructure components will be brought onto a blockchain. Every such device and electric vehicles will be fitted with an IoT chip. These IoT devices will send usage information such as distance traveled or electricity consumed in kilowatt.
  • Competition: As it stands, there don’t seem to be any similar projects on the market today. Furthermore, they have four patents that protect them from competitors trying to copy their technology.
  • Market size/potential: Current industry size sits at $45 billion USD. We can expect this to increase significantly over the next few years as electric cars become cheaper and more accessible to people across the globe.
  • Regulatory risks: The project has been reviewed and accredited by the government in India. However, even with the government of India supporting this project, there will be many regulations in this space. If they want to expand, they will need to abide by regulations like PCI.
  • Czero wants to modify and innovate in a space that’s fairly new. They’re bringing a lot of value to the industry and the market for their products may only go up from here. Their patents protect them from intellectual property theft for their physical devices. The only dark spot would be getting individuals to adopt, install, and monitor the devices offered by Czero. Compatibility could be problematic. For these reasons and the ones stated above, Czero gets a score of 4.0 for Market Data.

Transparency: 5

  • Investor value: Since the CZMT coin is backed by the carbon emission savings achieved using electric vehicles with Czero products, growth in Czero users will inherently drive the value of the coin.
  • Disclosures: Czero is one of the most transparent projects out there today. They provide a whitepaper, one-pager, patents, and government accreditation on the website. They have a working MVP along with a “Proof of Carbon Credit” protocol. They also list their email address, phone number, and headquarters address on the site.
  • Token distribution: 57.1% main sales, 37.5% for IoT transactions, 5.7% team/founders, 1.5% advisors/legal.
  • Use of proceeds: 30% setting up manufacturing facility; 20% setting up R&D lab for products; 30% reserved for salary, raw materials, and other recurring expenses; 20% marketing, branding, and collaborations.
  • Soft cap: $350,000 USD Hard cap: $20,000,000 USD Contact Information: Czero provides both email ([email protected]) and telephone (91-8501-000-48) on their website. Government Recognition: They posted a Certificate of Recognition from the government of India as proof that they’re an accredited startup.
  • Czero was by far one of the most transparent projects reviewed by BMJ. They only allocate 5.7% of tokens to the team, which shows belief in the project and an attitude that focuses on the success of the project. They provide all contact information and proofs of their product/startup legitimacy. For these reasons and the ones stated above, Czero gets a Transparency score of 5.0.

Team: 3

  • Track record: The CEO, Pratik Batra, has years of entrepreneurial experience in management, financial analysis, etc. He also has valuable experience in the Auto Ancillary industry, which should give investors more confidence in his abilities to perform in the electric mobility market. Czero does not provide detailed descriptions of each team member/advisor, but judging from their LinkedIn profiles, it’s evident they all have years of experience in their respective fields.
  • Integrity: Czero gives themselves a lot of credibility with their evident transparency, but the integrity of the team remains in question just based on the lack of descriptions as to what each member does and what they’ve done in the past. In an otherwise transparent project, this raises a bit of concern.
  • The CEO has proven qualifications to lead this project, but the concern revolves around the rest of the team members. Hopefully, they’ll expand their current team and add better details about each member in the future. For these reasons and the ones stated above, Czero gets a Management score of 3.0.
  • Team Members

  • Pratik Batra Co-Founder & CEO (LinkedIn)
  • Madhu R Co-Founder, Head of Finance and Marketing (LinkedIn)
  • Vijay Bhaskar Co-Founder (LinkedIn)

Token Mechanics: 4.5

  • MVP: Czero has an MVP along with four patents for their product. The project is much further along than most pre-ICOs.
  • Token use case: The objective of the CZMT token is to increase the usage of eco-friendly transportation and increase public awareness and keenness toward cryptocurrencies. Czero plans to use a reward token system which will be like carbon credits for individuals. The intent is to let people associated with the Czero ecosystem earn these crypto tokens proportionate to their usage of the Czero ecosystem.
  • Value-added: The tokens are primarily used for the reward system. Users can then make purchases on the Czero network with the tokens they’ve earned. The entire idea revolves around rewarding those who save the environment with either electric vehicles/bikes/buses. Without smart contracts and the subsequent tokens, this project would likely cease to exist.
  • Decentralization: Decentralized platform built on the ETH blockchain
  • Token Supply: 350 million total token supply
  • CZMT Coin is backed by the carbon emission savings achieved using electric vehicles instead of fossil fuels.
  • This project has both an MVP and four patents, and they’re progressing at an excellent pace. The token is most valuable as the reward for those using the Czero devices and earning CZMT tokens. Its value is derived from the saving of carbon emissions, meaning you can always earn CZMT. The more people who join the movement, the more valuable CZMT will become. The progress of Czero and its unique token earn it a Token score of 4.5.

User Adoption: 2.5

  • Technical difficulty/investment expertise needed: Since Czero has a lot of moving parts (physical products, complicated network, etc.), it’s not “average eye” friendly. The concept takes a few reads to understand if you’re unfamiliar with what blockchain technology can accomplish.
  • Halo effect: They have a strategic manufacturing partner in Niltech. Follow this link to view Niltech’s LinkedIn page. No other partners listed.
  • Buzz: Low social media following and not much buzz according to buzzsumo. It would be good to see this project put funds toward marketing efforts. They list the news outlets that have featured them, but upon a further investigation, those news outlets are, for the most part, just local news. Complicating the issue is that there is another very popular coin out there called tzero (Overstock.com’s currency), which could get confusing.
  • The low social media buzz and slightly unimpressive partnerships don’t help Czero’s score. They need to improve marketing efforts to gain more traction. For these reasons and those stated above, Czero gets a User Friendliness score of 2.5.

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