Global Mentor Exchange, and the $LRN token was IEO on Coinstore on Sep 4 2023.

Note that I'm an advisor to that project, so I put a 3 star rating in an attempt not to influence the score of the project.

This is mostly an update on the project to describe the launch process for other web3 entrepreneurs.

Fundraise on coinstore started on Sep 2, 2023 @ $0.0054. There was a $100K cap on the fundraise which was attained in the first 2 hours of launch. After 2 days, the fundraise completed with $535K of commitment, but since there was a cap of $100K, $435K of buying volume was returned to investors. Trading now started and none of that extra commitment resulted in any buying volume so was it fake commitment? The price is now oscillating around $0.006. First day only had $6K of buying volume, and 2nd day is still going but so far only $2K of buying volume.

Market making is handled internally, so volume is likely to remain low for a while, but grow organically instead of the usual pump and dump of typical crypto projects.

So, far I'm tempted to say IDO are better or then IEO on a lower tier exchange like Coinstore. Lots of trust has been put on Coinstore and so far that was not deserved, it would have been vastly more cost efficient to do it on a DEX.

30% to 40% of buyers at $0.0054 already sold out in the first day after listing at $0.006, which mean they were likely just bots or discount hunters, after 3 days this number was 99%. It is entirely possible that these buyers were Coinstore internal bots to extract additional revenues from web3 projects, of course it is difficult to prove but given that none of the so-called Coinstore buyers joined the telegram group also seems fishy. There was 394 buyers during the Coinstore fundraise, so you would expect some of them should be joining the telegram channel to ask questions.

After 3 days, $110K of sell pressure out of the $100K raised has already been sold. Given the cost of running the IEO on Coinstore, the project lost money (~$45K), and not gained anything. So at this point, it is 100% clear that launching on Coinstore (most likely same would results on lower tier exchanges) has negative value.

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Global Mentor Exchange

[Global Mentor Exchange](https://www.globalmentor.exchange/), and the [$LRN](https://www.coinstore.com/#/spot/LRNUSDT) token was IEO on Coinstore on Sep 4 2023. 

Note that I'm an advisor to that project, so I put a 3 star rating in an attempt not to influence the score of the project.

This is mostly an update on the project to describe the launch process for other web3 entrepreneurs.

Fundraise on coinstore started on Sep 2, 2023 @ $0.0054. There was a $100K cap on the fundraise which was attained in the first 2 hours of launch. After 2 days, the fundraise completed with $535K of commitment, but since there was a cap of $100K, $435K of buying volume was returned to investors. Trading now started and none of that extra commitment resulted in any buying volume so was it fake commitment? The price is now oscillating around $0.006. First day only had $6K of buying volume, and 2nd day is still going but so far only $2K of buying volume.

Market making is handled internally, so volume is likely to remain low for a while, but grow organically instead of the usual pump and dump of typical crypto projects.

So, far I'm tempted to say IDO are better or then IEO on a lower tier exchange like Coinstore. Lots of trust has been put on Coinstore and so far that was not deserved, it would have been vastly more cost efficient to do it on a DEX.

30% to 40% of buyers at $0.0054 already sold out in the first day after listing at $0.006, which mean they were likely just bots or discount hunters, after 3 days this number was 99%. It is entirely possible that these buyers were Coinstore internal bots to extract additional revenues from web3 projects, of course it is difficult to prove but given that none of the so-called Coinstore buyers joined the telegram group also seems fishy. There was 394 buyers during the Coinstore fundraise, so you would expect some of them should be joining the telegram channel to ask questions.

After 3 days, $110K of sell pressure out of the $100K raised has already been sold. Given the cost of running the IEO on Coinstore, the project lost money (~$45K), and not gained anything. So at this point, it is 100% clear that launching on Coinstore (most likely same would results on lower tier exchanges) has negative value.

Crypto Rookies

Setting aside the unappealing branding & visually unimpressive website, one major concern I have with this project is the lack of detailed information about their AI technology. As a project supposedly centred around AI, it is essential to provide an in-depth breakdown of how the technology works, how it will be trained etc. Unfortunately, I could not find any substantial information in any of their documents that addresses these crucial points.

They also claim to have a partnership with Open AI which seems very questionable – maybe they think using ChatGBT counts as a partnership..

Another red flag is the revenue projections they have presented. These revenue projections appear to be absurd & arbitrary numbers without any solid reasoning or evidence to support them.

The project's reliance on a dual token economy also poses a significant risk of failure. Managing and maintaining two separate tokens can be complex and challenging to sustain.

If this project aims to be taken seriously in the field of AI, it needs to provide comprehensive, technically sound, well-written and evidence backed content. Without this it is difficult to believe that they have a viable chance of success.

Jeppopo

I feel like everything has been rushed, and the initial version went online without any proper review or double-checking.

My experience with the mobile version of the website has been terrible, to say the least. At first, it got stuck on the screen (img1), but after refreshing and scrolling up and down, I randomly landed on the page. The site responds slowly, and everything appears rushed and written by AI, with poorly copied content, and badly done Photoshop work.

I also checked the whitepaper, and thankfully it was slightly better, but it's only 14 pages long and lacks a lot of information. Additionally, it includes expected revenue as shown in image 1. I believe this could potentially be considered a security concern.

In comparison, ALINK appears legitimate and professional, which may never be the case. I would give it a one-star rating.

Revise to 2 stars. I still see a lot of AI text that not (somtimes) make sense, messy lay-outs and I personally do not see the purpose of metaverse AI talks (con: their version is also with "last-gen" graphics). Lastly, it loads super slow for me :(.

I feel like everything has been rushed, and the initial version went online without any proper review or double-checking.

My experience with the mobile version of the website has been terrible, to say the least. At first, it got stuck on the screen (img1), but after refreshing and scrolling up and down, I randomly landed on the page. The site responds slowly, and everything appears rushed and written by AI, with poorly copied content, and badly done Photoshop work. 

I also checked the whitepaper, and thankfully it was slightly better, but it's only 14 pages long and lacks a lot of information. Additionally, it includes expected revenue as shown in image 1. I believe this could potentially be considered a security concern.

In comparison, [ALINK](https://cyrator.com/project/alink-ai) appears legitimate and professional, which may never be the case. I would give it a one-star rating.

**Revise** to 2 stars. I still see a lot of AI text that not (somtimes) make sense, messy lay-outs and I personally do not see the purpose of metaverse AI talks (con: their version is also with "last-gen" graphics). Lastly, it loads super slow for me :(.

Jeroen

Oh wow.. what an experience to visit this page! haha

While the idea might have merits, their website throws me off enormously. The first video looks almost like an 80s TV sales parody. I appreciate the effort that went in to it, but don't think it will convince anyone running a business. It's so bad that I question the intent. Are they trying to attract businesses, or is this just made to attract crypto investors? As a comparison, here's how Kahn Academy presents a very similar concept at a TED talk in a way that induces much more confidence: https://www.youtube.com/watch?v=hJP5GqnTrNo&t=569s&ab_channel=TED

The CEO has very relevant experience and has 20k LinkedIn followers, which is why I was considering giving more than one stars. But in addition to the bad videos, there's many more flags:

Website doesn't scroll fluidly,
Waaaay too much text and explanations
ICO, a term that's basically illegal since 2017, is a nav bar item. Plus, selling tokens publicly on your website is a massive red flag and illegal in most countries. I recommend watching this video for a better understanding of laws around crypto: https://www.youtube.com/watch?v=RInUC9TCnHY&ab_channel=Cyrator

Oh wow.. what an experience to visit this page! haha

While the idea might have merits, their website throws me off enormously. The first video looks almost like an 80s TV sales parody. I appreciate the effort that went in to it, but don't think it will convince anyone running a business. It's so bad that I question the intent. Are they trying to attract businesses, or is this just made to attract crypto investors? As a comparison, here's how Kahn Academy presents a very similar concept at a TED talk in a way that induces much more confidence: https://www.youtube.com/watch?v=hJP5GqnTrNo&t=569s&ab_channel=TED

The CEO has very relevant experience and has 20k LinkedIn followers, which is why I was considering giving more than one stars. But in addition to the bad videos, there's many more flags:

- Website doesn't scroll fluidly, 
- Waaaay too much text and explanations
- ICO, a term that's basically illegal since 2017, is a nav bar item. Plus, selling tokens publicly on your website is a massive red flag and illegal in most countries. I recommend watching this video for a better understanding of laws around crypto: https://www.youtube.com/watch?v=RInUC9TCnHY&ab_channel=Cyrator

Blockbuster

Note, I'm an advisor for this project, so I put a neutral score and I will abstain from giving my opinion about it.

It is a corporate training and learning metaverse powered by AI technologies for generating experiential learning without the danger of damaging interactions with colleagues and employees.

Note, I'm an advisor for this project, so I put a neutral score and I will abstain from giving my opinion about it. 

It is a corporate training and learning metaverse powered by AI technologies for generating experiential learning without the danger of damaging interactions with colleagues and employees.

Global Mentor Exchange GME

AI Powered People Development Metaverse