Golden Mile (XGM) – ICO Review & Details – Marketplace like eBay

The platform the Golden Mile aims to be a decentralized trade platform where users can buy, sell and swap what ever they want. If we look at ebay as one example, there are about 2 billion transactions per day. The Golden Mile platform is aiming to tap into this market.

 Concept

The project is a tool for users to easily list items they want to sell or swap using a mobile or website. The project aims to give the user various interactions of these items. Users that are listing items may want to sell or swap their for other similar items, such as books of the same author.

The solution proposes to empower peoples choices and ease the difficulty of transferring funds through third parties.

 
 Golden Mile Initial Coin Offering (ICO) Details
 
ICO Opening Date7 Aug 2017 (12 GMT)
ICO Closing Date28 Aug 2017 (12 GMT)
Websitehttps://www.goldenmile.io/
WhitepaperLink to Whitepaper
Start Price

1 XGM = 0.0005 ETH

Bonus / Pre ICO OfferSee below

Bonus / Pre-ICO offer: 

  • Week 1 – 25% bonus
    Week 2 – 15% bonus
    Week 3 – 10% bonus
    Week 4 – 5% bonus

Total to be distributed:  15,00,000  (Max supply 17,500,000)

 RoadMap

Current Status

Not provided on the website.

How to Invest

  • You can then invest by sending Ethereum from your ethereum wallet. Do not transfer from your exchange account directly.

Other Similar ICOs :  NA

Summary

This ICO is in concept phase, so has higher risk. The company is expecting to develop the beta release only in Sep 2018.  The whitepaper is not detailed enough and is just few lines on webpage.

I would not consider investing in this ICO.

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