WeTrust Fundamental Analysis
Written by Martin, www.thenewmarkets.com
Why do we think this project is great in a nutshell?
WeTrust stands for a new era in the financial world backed by blockchain technology. It makes it possible to give out loans without a bank, get insurances without a insurance company and so fort. And the good thing, it’s almost up-and-running and Vitalik Butterin is an advisor to the project just like he is for OMG and Kyber .
Before reading this fundamental: this month (december 2017) WeTrust will release their TLC (Trusted Lending Circle) and that can be huge. Think twice before you trade!
PART A: REAL LIFE VALUE OF PROJECT (80/100)
WeTrust, as a project, has a very complex technical blockchain so we save you all the technical insides of this project. WeTrust aims to be the new blockchain-based insurance and lending company. In their opinion, the current market situation with banks and insurance companies is in disbalance because companies have conflict of interest with their customers. Companies like to make profit (by putting your money in Nasdaq stocks) while you want the service they promise you. To explain this we give you a simple example; when your car is burned down by some bastards, the insurance company will do everything to NOT pay out, for the simple fact this is directly affecting their liquidity and profit.
This is an issue that can only be solved when their is no third party (or trusted party). And that's where WeTrust come in. WeTrust believes that social capital (your money) and personal trust networks (your reputation) that already exists can be integrated perfectly in the blockchain and create financial service where there is no need of a trusted party.
We think WeTrust can be a big player in third world countries where there are no good banking and insurance companies and even important a lack of trust. Off course, WeTrust can be a pain in the ass for big insurance and banking companies, but this will take some time because of the simple fact of people that trust their insurance and banking company need to be convinced that the blockchain is totally safe. It's a chicken-and-egg-situation but we will be believe that, if WeTrust do what they promise, can be a really big player in the real world.
PART B: DISRUPTIVENESS OF PROJECT (90/100)
WeTrust is one of the most disruptive blockchain projects we know. They enter a market that is not changed for dozens of years and is lead by big powerful companies. WeTrust is doing the opposite by removing the trusted party (one of the most important thing if it comes to banking and insurances) and creates a blockchain where all the customers are the insurance or banking together and therefore the conflict of interest is gone. We love highly disruptive projects because they are thinking in new ways and making better markets.
PART C: TEAM AND ADVISORY BOARD (90/100)
WeTrust has some serious people on board, first of all look at the key figures: CEO George Li worked at Google, McKinsey and received his M.S. in Management Science and Engineering from Stanford University, and his B.S. in Electrical and Computer Engineering from Rutgers University
COO Patrick Long worked at Ernst & Young (Assurance Services) and RMS (Finance) and he holds a B.A. in Economics from UC Berkeley.
VP Hoang Nguyen previously worked at PayPal as a Senior Software Engineer, and UC Berkeley as a Researcher. He holds a M.S. & B.S. in Systems Engineering from UC Berkeley.
Besides the great people working on the project there are serious people advising the project:
- Vitalik Butterin (Ethereum)
- Bo Shen (Founding Partner of Fenbushi Capital and he co-founded Invictus Innovations Incorporated, the team behind BitShares.)
- Michael Casey (Senior Advisor for the Digital Currency Initiative at MIT's Media Lab and a partner at Agentic Group). You probably mentioned the rumor
about a team member involved with MIT University, maybe Michael is the man.
As you can see WeTrust has highly capable people on board and a advisory board most blockchain projects dream off. Because of this combination WeTrust scores very high on this part.
PART D: STRENGTH AGAINST COMPETITORS (80/100)
There are people around mentioning SALT is a big competitor of WeTrust. Yes, it's true that they are working on a blockchain based loaning system (and as you know, banks are the biggest player in loans) but the biggest difference is that this is a blockchain that give out loans in return for your bitcoins with a lot of risks, just like BitConnect (so, it will attract a totally different group of people).
In our opinion the real competitors are the current banking and insurance companies with a lot of power BUT a lot of customers hating them. IF, WeTrust can set up a working system and gain the confidence of customers it will a real pain in the ass for the big companies.
PART E: WHAT IS IN THE CHARTS? (90/100
Marketcap after introduction: around 5.000.000 USD
Current market cap (6th of december 2017): around 43.000.000
Volatility level: high
Stage: just taking off :-)
WHAT YOUR INVESTMENT CAN MAKE YOU
POSSIBLE PROFIT: VERY HIGH DUE TO UNDERVALUATION
POSSIBLE MARKET CAP: at least 250.000.000 USD (5 times current value)
Explanation: the project is really kicking-ass and we believe it will be a big project, but
there is some risk because of the big-boys that have the total market in their power.
SHORT TERM: NO, THE PROJECT IS UNDERVALUED WITH A RELATIVE LOW VOLUME AT THE MOMENT, SO IT CAN EITHER SOAR OR TANK
MID TERM: YES, BUY UP TO CURRENT PRICE (0.50USD)
LONG TERM: YES, BUY UP TO CURRENT PRICE (0.50USD)
10th JANUARY 2018 UPDATE
CURRENT MARKET CAP: 110.000.000USD
CURRENT BUY UP TO PRICE: 1.50USD
POSSIBLE MARKET CAP: ATLEAST 500.000.000 (5X CURRENT VALUE)