ICO Review: COMSA (CMS) – ICO Solution to Centralized Businesses



COMSA is a complete Initial Coin Offering (ICO) fundraising platform built on the NEM protocol.

Full report by Crush Crypto:

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Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion.
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What does the company/project do?

COMSA is a complete Initial Coin Offering (ICO) fundraising platform built on the NEM protocol meant for the streamlining of cryptocurrency funding.

“COMSA” is derived from “Computer” and 鎖 (Kusari/Sa): meaning “chain,” combining to make “blockchain.”

COMSA is a one-stop solution to ICO projects. The tokens for projects run by COMSA can either be Mosaic tokens on the NEM blockchain or ERC-20 tokens on Ethereum blockchain.

COMSA targets established Japanese companies rather than the current trend of new decentralized apps. Two companies are set to have their ICOs run by COMSA – crowdfunding site Campfire and public-listed Premium Water Holdings.

COMSA CORE can be used for performing atomic swap transactions (1) between different blockchains, and (2) for users who do not have XEM to perform transactions that require XEM as network fees.
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What are the tokens used for and how can token holders make money?

1. Revenues from the following will be used for burning CMS tokens:
– ICO consulting and service fees.
– Conversion fees of COMSA CORE.
– Mijin license fees and BaaS license fees.
2. Discount for future ICOs on the COMSA platform
3. Community vote
4. Invite-only pre-sale of selected future ICOs

Of the above uses, the only one that (1) scales with the usage of COMSA platform and (2) is significant enough to move the needle is the revenue from COMSA CORE’s conversion fees. Hence, the more usage COMSA has and the more conversion fees COMSA receives, the more valuable the CMS tokens should be.
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Opportunities

– COMSA has very strong backings from the Japanese corporate world, with established businesses lined up to do ICOs on the COMSA platform.
– As COMSA is targeting established corporations including public companies, the market can be very large if COMSA is successful.
– Japan is one of the more crypto-friendly countries in the world, with many merchants accepting Bitcoin as payment. It would make it easier for COMSA to achieve its vision.
– Tech Bureau received $25 million of funding from VC firms, which means it has passed the rigorous due diligence of institutional investors.
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Concerns

– CMS tokens are not very useful. The biggest driver for CMS price seems to be the burning of revenues from the conversion fees generated by COMSA CORE, but it is unclear how much the fees will be. Other than this use, CMS tokens are not very useful because people can contribute into ICOs on the COMSA platform using other cryptocurrencies such as BTC and ETH, reducing the needs for CMS tokens.
– The use of COMSA CORE and NEM platform makes this ICO seemingly overcomplicated. A lot of the hurdles can be avoided by just running ICOs on the Ethereum blockchain. This project seems to benefit NEM more than CMS token holders.
– Network effect is huge for ICO platforms, so it would be difficult for COMSA/NEM to gain a significant market share over Ethereum in the ICO space.
– The project is probably going to have a hard time expanding beyond Japan because of language and culture barriers.
COMSA focuses solely on ICO so it is more exposed to the regulatory uncertainty around ICOs.
– There are two established companies lined up to do an ICO on the COMSA platform but it is unclear what the tokens for the two companies are going to be used for.
– Dilution is high for an uncapped raise.
– We believe decentralized exchange is the future for crypto. We are not excited about the prospects of Zaif, a centralized exchange. However, COMSA will spend a portion of the proceeds to build out Zaif.
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Disclaimer

The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don’t invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.

Nguồn:https://ictjcolombia.org/

All Comments

  • Video Content:
    00:23 What is COMSA?
    01:06 How does COMSA work?
    02:26 The COMSA solution
    02:47 Development roadmap
    03:28 CMS token sale summary
    04:32 Use of CMS tokens
    05:50 The people behind COMSA
    06:52 The opportunities
    07:51 Our concerns
    10:18 Our recommendations
    11:05 Ending

    Crush Crypto February 21, 2020 12:07 am Reply
  • claps for crypto sys crush to cash poit or .. beginner user for.. i luck to send mail but real mail. please.

    ibrahim ATLAS February 21, 2020 12:07 am Reply
  • COMSA – Tech Bureau テックビューロ株式会社 & Takao Asayama 朝山貴生 Japan $95 million Scam

    Part 1: https://medium.com/@IPGOLD/ip-gold-a-cautionary-tale-of-a-tarnished-ico-ebef0137ec69
    Part 2: https://medium.com/@IPGOLD/ip-gold-a-cautionary-tale-of-a-tarnished-ico-part-2-5ae80e9c8d69
    Part 3: https://medium.com/@IPGOLD/ip-gold-a-cautionary-tale-of-a-tarnished-ico-part-3-9bc5db26bb3a
    Part 4: https://medium.com/@IPGOLD/ip-gold-a-cautionary-tale-of-a-tarnished-ico-part-4-ce8b8d3a68b

    IP Gold February 21, 2020 12:07 am Reply
  • Great review! Can you review SciDex? They are the only ico im following

    Teo Taneski February 21, 2020 12:07 am Reply
  • so i see that Comsa's raised a pretty big amount so far near the end of the ICO….would your short term and long term views still be neutral? Or have they moved into the negative stage? I would think that it would be negative for, at least, short term flipping. Whatcha think?

    John White February 21, 2020 12:07 am Reply
  • Just stumbled upon your channel. Great vid, well-laid out presentation & review. 5-stars for me !!! Keep it up.

    stanley gatia February 21, 2020 12:07 am Reply
  • I loved this review. very well thought through.

    Tommy Gun February 21, 2020 12:07 am Reply
  • What ICOs are you investing in October ?

    XXGachapotatoe Xx February 21, 2020 12:07 am Reply
  • good review(back end team), beautiful smart girl(front end reporter), perfect combination!
    honest review, comsa is not too good to buy since there are many other good opportunities outside jp.

    ncbb88 February 21, 2020 12:07 am Reply
  • A company (the companies that they target) that cannot even develop a whitepaper and a business plan and an ICO should develop their own blockchain?

    notker88 February 21, 2020 12:07 am Reply
  • Amazing work as always! Keep it up, guys! Very proffesional, very well easily digested and pleasant to listen to!

    Ivan Georgiev February 21, 2020 12:07 am Reply
  • I like , beauty

    jp Yanocchi February 21, 2020 12:07 am Reply
  • Excellent reviews! Could you do a review of Dragonchain, ICO 10/02/17 and/or Aion Network, pre-ICO 10-03-17.

    Nucleus February 21, 2020 12:07 am Reply
  • Can you review BlockMason

    Mohit Gupta February 21, 2020 12:07 am Reply
  • thanx for review, check please another projet : https://confideal.io/ – smart contract management service for individuals and businesses

    Enot Poloskun February 21, 2020 12:07 am Reply
  • macau dragon corp ico review please

    Samra S February 21, 2020 12:07 am Reply
  • Can you review wanchain please? Thanks in advance.

    timothynaing February 21, 2020 12:07 am Reply
  • It could be great if you could make your watchlist public. For example I found request.network from your email but whitelist has closed the same day.

    Nikolai Mihailov February 21, 2020 12:07 am Reply
  • Pow! You always knock it out with skill and precision, Love ya.

    Nate Lyons February 21, 2020 12:07 am Reply
  • Great review again, I will avoid this one. Can we have a review of Wanchain please 🙏🏻

    Dean Scott February 21, 2020 12:07 am Reply
  • Hi Crush Crypto team, I would like to see your DD on Spectre, https://spectre.ai/

    Ralf W. Klein February 21, 2020 12:07 am Reply
  • Very sharp reviews thank you!

    kildong kim February 21, 2020 12:07 am Reply
  • Again nice review , can you please review worldcore ico as well

    neeraj kr chaurasia February 21, 2020 12:07 am Reply
  • Thx!

    Alex February 21, 2020 12:07 am Reply
  • Thanks for another awesome review as always! Can you please look into Enjin Coin?

    Taro Bapu February 21, 2020 12:07 am Reply
  • Thanks Victoria

    nattasak bansong February 21, 2020 12:07 am Reply
  • COMSA in a nutshell, curiosity of South Park – https://www.youtube.com/watch?v=9qmczTQG-9g

    Peter February 21, 2020 12:07 am Reply
  • Great review. Excellent channel.

    Allon Messenberg February 21, 2020 12:07 am Reply
  • Great honest review as always! Great work!

    CryptoMD February 21, 2020 12:07 am Reply
  • Good review.. For Next video please review wanchain ico 🙂

    Bagus Dyatmika February 21, 2020 12:07 am Reply
  • Good detailed review as always

    AngryBull Gamer February 21, 2020 12:07 am Reply

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