I would like to study this project more, they present very impressive user numbers, "affiliate brands" and educators, but I'm also very skeptical.
300k courses completed doesn't stack up with less than 100 TG members and less than 2,000 Twitter followers. The web design is OK, but doesn't look like they've raised $2M usd. I also want to understand what "affiliate brands" really means (they mention huge names like Adobe, Fiverr, UPwork, Blender. They seem too big for the current stage of product development).
The numbers in the image attached look impressive until you think about it. It's extremely easy to start a course on the platform, so 400 courses in progress doesn't mean much. I've connected my wallet and started a quick course to try the platform. Does this count as a course in progress? What if I never finish the course? Would be more impressive if it was paid courses in progress.
4M reach of creators at present could just mean that a couple of their creators have a couple million followers on YouTube. However, these followings are very often dead. Many crypto projects have 100k+ twitter followers and get less than 10 retweets on their posts. Reach of creators on the waitlist makes even less sense.
It just feels like they're cherry picking numbers that sound impressive but don't give a clear picture of their actual traction. A simple chart of daily activity would settle this much more effectively.
Another weak point is their tokenomics. I haven't analyzed them deeply, but it looks like it's mainly a governance token. They say it's a utility token and list a lot of use cases for people to buy the token, but they often don't make much sense (they list traders as a driver of demand, for example). They don't seem to use revenues to support the token's value. So with the constant release I see little chance of demand outweighing supply. 25% team is way too high and vesting period is not very long. This is a very high level review, but it's not a good start.
On the flip side, their investor deck is exciting and makes them seem big. The website is also good (just not $2M good), and I like the concept; so I'll give them the benefit of the doubt, meaning I'll give them 4 stars instead of 3. If they make the cut then I'll install the apps and give it a real spin. Almost everything they say requires closer scrutiny, which means more time. Time that I only want to spend if they make it to the next round. Show Less
2
