THEKEY

THEKEY

Video Timestamps:

00:02
hello welcome to another episode of coin
00:05
block I’m Charles and today I’m really
00:07
excited to be talking to you about the
00:10
key ICEA I’m not a financial advisor and
00:13
this is definitely not financial advice
00:15
always remember to do your own due
00:17
diligence I’m not paid sponsored or
00:19
endorsed by this ico a views expressed
00:21
in this video are just my opinions
00:23
please remember to subscribe to my
00:25
channel and of course in a notification
00:27
button because investing and I SEOs is
00:29
time-critical and it’d be such a shame
00:31
for you to watch all my content only to
00:34
miss out on the latest ICO offerings so
00:37
what does a key ICO actually want to do
00:40
what it wants to create identity
00:42
verification solutions that use personal
00:46
data authenticated by the Chinese
00:48
government for real-world applications
00:51
so it’s kind of operating in the same
00:54
market space as Civic and in the same
00:57
market space as another ICO called self
01:00
key very similar name the only
01:02
difference is this is obviously a
01:04
Chinese ICO now I actually think this
01:07
ICO would do very well now I can hear
01:09
people shouting and screaming and saying
01:11
Charles you’re wrong you know Civics
01:14
number one Civic is going to take over
01:16
this can’t compete with it
01:17
well that’s not the case I think this
01:19
will actually triumph you have to
01:21
remember the cryptocurrency space isn’t
01:23
zero-sum you can have many competing
01:26
block chains operating within that space
01:28
and in the case of civic you have the
01:30
Chinese government which has a very long
01:32
history of protecting and nurturing
01:35
Chinese indigenous businesses against
01:38
foreign competitors and I think that’s
01:40
exactly what’s going to happen in the
01:42
case of the key ICO now I’ve actually
01:45
looked through their white paper and
01:47
I’ve looked through their website and it
01:50
doesn’t seem like they have an MVP does
01:53
that mean it’s uninvested
01:55
yes no it depends on your level of risk
01:58
this is the riskiest it gets okay I mean
02:01
you can lose all your money or you can
02:03
make a ton of money it really depends on
02:05
your perspective and I’m not going to
02:07
tell you whether or not you should buy
02:09
into this or not only you can do that
02:11
when I hope to the qlink ICO if you win
02:13
expect I thought that was a very
02:15
promising project that was a Chinese
02:16
project it didn’t have an MVP and it’s
02:19
now trading on the markets and I think
02:21
seven eight nine times of what is ICO
02:24
price was so I’m not going to say that
02:27
this is going to do the same thing but I
02:28
am going to say that this project looks
02:30
very good in the short term the toka
02:33
metrics aren’t out wonderful however
02:35
it’s got a ten billion token supply
02:37
however it’s got a very low market cap
02:40
at twenty two million dollars and
02:41
they’re selling 51% of their tokens it’s
02:44
got a twenty percent bonus for pre-cell
02:47
investors so that is something to be
02:49
aware of but I usually say most of my
02:51
videos anything that’s 30 percent or
02:53
under is usually okay to buy in a just
02:56
because if the project is legitimate
02:59
price appreciation will cancel that out
03:01
of course I could be wrong and you could
03:04
lose all your money so that’s not
03:05
financial advice so I had a look at
03:09
their white paper and I had a look at
03:10
their website and it said that their
03:13
main net was gonna be released in 2018
03:17
December of this year so you’ve got one
03:20
year to wait basically but a lot of
03:22
people are talking about them you see
03:24
they’ve got almost fourteen thousand
03:25
users not many people seem to be aware
03:28
in the US or in Western Europe about
03:30
this project it is definitely low key no
03:33
pun intended and I’ve looked for it and
03:35
I’ve noticed is here in there better
03:37
there’s a bit of broken English really
03:40
wish I don’t like it says by leveraging
03:42
governments to blah blah blah
03:44
undisputable advantages comparing to
03:46
blah blah blah so but basically is all
03:49
gobbledygook because they’ve used some
03:51
kind of auto translation tool so I look
03:54
to the video
03:57
Chinese okay so immediately I can see
04:00
that this is targeted towards a Chinese
04:03
audience which tells me that I can
04:07
really go softer on them so to speak
04:09
when it comes to the language and
04:12
everything this is kind of like a a
04:14
quick effort on their part to really
04:16
appeal to a Western market and I can
04:19
kind of forgive them there I mean you’ve
04:21
got to remember I need to make quick
04:23
decisions I make decisions all the time
04:25
and if I see a professionally edited
04:27
video and it’s all in English that’s all
04:30
good and proper but then if I see
04:32
grammatical errors and the papers then
04:35
I’ll mark them down for that but because
04:36
all the videos and everything and all
04:39
the content is in Chinese I’m gonna
04:42
forgive them and let them pass on the
04:45
poor English so that’s okay there but I
04:48
would probably mark them down for not
04:50
having an MVP again it doesn’t make them
04:52
an investable but it does mean this is
04:54
extremely high-risk so then what I would
04:57
usually do with a project like this is
04:58
I’d like to go through the team’s now
05:01
the teams as you know that Chinese I
05:03
SEOs are notoriously difficult for me to
05:07
research so I’ve already actually looked
05:10
for these guys if we have a look through
05:12
at the sea CEO you can see here that
05:16
she’s actually saying that she’s part of
05:18
the key I see a group which is very good
05:21
I would have liked to have seen some
05:23
picture or graphic here with the key
05:25
logo on and I’m not seeing that again
05:26
that’s not a red flag
05:27
I’m just nitpicking but you know they
05:30
could have done better there this is all
05:32
in Chinese that’s no good but she did
05:34
work for this group
05:35
IMS Health China for 10 years so I
05:40
immediately want to know what this
05:42
company is all about IMS Health is a
05:45
leading global information and
05:47
technology services company providing
05:50
clients with healthcare industry
05:52
solutions so it’s basically big data for
05:55
healthcare so she’s got the requisite
05:57
skill set to really see this thing off
06:00
the ground she’s got ten years
06:02
experience in a very large company with
06:05
ten thousand is it ten yet would
06:09
thousand employees has been going for
06:11
over 50 years so I would give her
06:15
all-star status from a bar one more
06:17
information so this company
06:19
IMS Health merged with quintiles which
06:23
is actually trading on the New York
06:26
Stock Exchange for $100 per share so
06:31
that is very good we can see here a nice
06:36
clean upward trajectory I want to know
06:40
the market cap I think that’s in USD 20
06:46
billion market cap so she’s definitely a
06:49
VIP this woman’s obviously an all-star
06:51
so she makes the grade
06:53
so obviously I’m very quick and I’m very
06:55
subjective in how I look at the team
06:58
members in an ICO and I highly recommend
07:01
that you take your time certainly don’t
07:03
go for it or rush it like I do remember
07:05
I’ve already looked through them off
07:07
camera so I know a little bit more about
07:09
them I’m just showing you this for
07:11
demonstration purposes so the next team
07:15
member is Kenny boy Ken one who worked
07:21
at Huawei which is a Taiwanese phone
07:24
manufacturer you also look to this
07:26
company CGI which have never heard of
07:30
this would make him an all-star this is
07:31
a multibillion-dollar Asian company but
07:38
this isn’t good there’s no picture on
07:40
this profile which doesn’t go against
07:42
him but it’s just not professional and
07:44
there’s no mention here that he works
07:46
for the key there’s no mention that he
07:48
works for the key here there’s no
07:51
mention on their CV that he actually
07:55
works for the key but you can see he’s
07:57
got a wealth of experience so that would
08:00
make him an all-star and then I’d look
08:01
at this company I want to look at how
08:05
many employees I got over 10,000 I’d
08:08
want to look at the website almost a
08:12
million users rich oacd countries
08:19
they’re gonna have you know a high
08:21
revenue ten billion of some of the money
08:29
he would be an all-star but I wouldn’t
08:34
actually label him an all-star because
08:35
well I wouldn’t label him as part of the
08:38
team because he’s not saying that on his
08:40
CV here so I pass on him then we got
08:43
Jian Wang now I’ve already done research
08:46
on this guy and he does say that he
08:48
works at the key he says it here in his
08:50
profile but this guy is an all-star in
08:53
my extra research actually found out
08:55
that mr. Wang has been at the front line
08:59
of China’s government development of
09:01
blockchain technology for over three
09:03
years he was one of the first developers
09:06
of the Linux based open-source hyper
09:08
ledger system and developed 12
09:11
decentralized apps over that time for
09:14
cities and provincial governments in
09:16
Nanjing and jamesu so this guy obviously
09:20
works in cahoots with the Chinese
09:22
government that is a very very good
09:24
thing because it means it increases our
09:27
likelihood of success and decreases any
09:31
margin for error when it comes to
09:34
operating in mainland China for this I
09:37
see oh so that’s good and the final
09:39
person on the team
09:40
the CTO mr. Xu sir if I mispronounce
09:45
your name and he’s actually got over 10
09:47
years experience working for Chinese
09:50
Unicom it doesn’t actually say it on his
09:53
profile it says C gate and they didn’t
09:56
come up with anything for C gate but he
09:59
was notoriously difficult to research
10:01
but long story short he worked for this
10:05
company for over 10 years and they have
10:07
actually been developing 4G networks for
10:13
travelling around China along with Wi-Fi
10:16
hotspots so this guy’s obviously got a
10:19
wealth of experience and he’s been
10:20
working on blockchain for a number of
10:22
years they’ve also got other members in
10:25
the team so I didn’t bother showing you
10:27
how I looked at the advisers they were
10:29
just too difficult for me to research so
10:33
I do think this is a very good project
10:35
but I do think this is the highest risk
10:38
that there is you know I can’t verify
10:40
whether or not they have a prototype I
10:42
find a team notoriously difficult to
10:46
research although they do have an
10:47
all-star team for me personally I think
10:51
this is high-risk high-reward and I
10:54
think it could do very well on the
10:55
markets it looks very promising because
10:57
it’s going to have support from the
11:00
Chinese government I think this is
11:02
really something for those hardcore
11:04
investors for someone like myself or for
11:07
someone who really knows how the market
11:09
works could do the same performance as
11:13
something like qlink if you’re new to
11:16
ICO investing I would strongly try and
11:19
discourage you from investing in
11:21
something like this because there’s just
11:24
too many unknowns really for a project
11:26
of this caliber so thank you so much for
11:30
taking the time out of your day to watch
11:31
my video I really do appreciate it make
11:34
sure you hit the subscribe button and
11:36
click on that notification icon too
11:38
because investing in ICS is time
11:41
critical and it’ll be such a shame for
11:43
you to watch for my videos only to miss
11:45
out on the latest ICO offerings I will
11:48
see you in my next video
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