ICO Review: Robotina (ROX) The Robotina IoT Platform
Robotina is developing an IoT platform that changes the way people use power by trying to incorporate several new technologies into one ecosystem.
The aim of the project is to reduce energy consumption, lower electricity costs, and optimize the entire electricity grid by monitoring real-time consumption data.
In terms of usage the manages users’ devices, then collects and processes anonymous data to help maximize efficiency. It also includes Virtual Power Plant and marketplace.
ROX will be the fuel for Robotina’s IoT platform, used as application-specific token and will be used for the following:
– Crowdfunding for energy efficiency projects for business customers and virtual power plants
– Used for buying of hardware and software
– As a payment method for subscriptions and proof of membership
– For community incentives and rewards
– Each business is finished with ROX that’s instantly exchanged for fiat
Robotina is one of the older and bigger companies to do the ICO. The ICO by itself is also very ambitious and potentially changing lives in a long run by affecting smart homes.
In terms of the token economics for the ICO they are reasonable if we take into consideration the potential and the existing infrastructure.
Hype factor: low
Short term investment score: 8.7/10
There is a lot of things to like about token economics which could indicate a good investment for flipping. Something to consider is the hard cap – it’s not too high but because we are in the bear market people are careful about ICOs. Everything else is really high quality however.
Long term investment score: 8.9/10
The project is really ambitious with a lot of potential if the team can keep the promises and the development can keep up with the roadmap. If that happens then there should be plenty of demand for the tokens.
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