The ICO project in one paragraph: The Orio platform is a payment gateway that will allow merchants to accept all major cryptocurrencies, from Bitcoin to all ERC20 tokens and other altcoins. Orio will also provide a smart multi-cryptocurrency wallet that will allow you to secure all your crypto assets in one wallet. Furthermore, Orio will offer a virtual and physical debit card (Visa) linked to your smart multi-cryptocurrencies wallet that will allow you to make payments anywhere in the world.
What makes Orio different: Orio claims to be the only project That guarantees a Zero Volatility of the tokens value,this is make possible because of their ZVR mechanism.
1. Scalability: right now the Bitcoin network can handle 8 transactions per second and Ethereum about 20 per seconds, which in the real world is very slow for micro transactions. Orio promises 1,000,000 (million) transactions per second.
2. Volatility: in the crypto world the price ups and downs are very problematic, which doesn't make them (yet) very usable in the real world. Orio created the ZVR ( Zero Volatility Reserve) or CRR (Constant Reserve Ratio). They will reserve 300,000 Ethereum, so any time someone sells their ORIO TOKEN the fund from the reserve is used to replace the "sale transaction" and anytime a "buying transaction"occurs, the profit of that transaction is automatically added to the ZVR or CRR reserve. This will allow the ORIO value to never decrease, but to gain value anytime the buying transactions out-perform the selling transactions, therefore solving the volatility issue.
3. Liquidity: the ORIO token will behave like an umbrella protocol for all cryptocurrencies, where any currency could be exchanged to any other currencies in case there is a short supply, this being possible due to Shapeshift integration.
4. Payment processing and universal debit card (they promise all cryptocurrencies will be supported, which would be a first).
Actual partnerships or strategic relationships with other companies or organizations: none stated yet.
Raised funds usage after pre-sale finishes: 50% Reserve fund for the ZVR mechanism, the remaining 50% will serve for operations cost, hire talent, Orio platform development, marketing, legal and administration costs.
Token sale schedule:
-Pre-sale Sep 27th 2017 - Oct 4th 2017
-ICO sale Oct 18th 2017- Oct 25th 2017
As a conclusion, here are TokenCouncil's ratings:
Project idea: 10/10
Token utility: 9/10
Partnerships/real world usage: 4/10
Overall media buzz: 7/10
Communication channels and openness: 10/10