Neat beats right in the beginning. Lots of high frequencies, that's fine though. Cool rolls around 1:17 Toms. I really enjoy the baseline. Chords are sounding a little dissonant though and by 1:00 I'm wondering if there's going to be a change in the song, it's starting to feel a little repetitive. By 1:20 I'm hearing some variations on the chords which is cool, but I think what this needs is more changes.
What I want you to work on is having your songs change over time - build up, break down, climax, all that good stuff. The normal way that people give songs 'motion' is by adding or removing instruments. What I really wanted to hear from this song was after, like, the 1 minute mark, a piano in the upper registers could come in and start doing some sweet solo, you know? Or something else to make it feel like the song is progressing. You might find it helpful to listen to some of your favorite songs and see how they move the song along, and then apply the same ideas. There are really just a few tricks that most musicians use.
I gave it kind of a low score but I don't think it's particularly bad, so don't let it get you down. The song definitely shows promise. Try to keep that stuff about moving the song along in mind and I would be interested to hear what you could come up with it.