ICOrating (icorating.com) is a rating agency that provides independent analytical research. We're developing a benchmark system to evaluate blockchain-based companies planning on an ICO (initial coin offering).
This company’s experts will give investors information that helps them make well-informed and rational decisions about investments in blockchain-startups.
Blockchain-based companies have the potential to revolutionize the infrastructure of many traditional business areas. This will create entirely new business models that simply could not exist in the market few years ago.
The emergence of this new business model has created great opportunities for potential investors. However, as with any young market, there are significant risks for all, including a lack of quality-assessment standards, as well as how to access the reliability and transparency of the new projects. If not careful, this situation could lead to many fraudulent schemes.
At the moment, the blockchain industry is going through a standardization process, such as the development of “evaluation-and-application” standards for new opportunities. Given that the ICO market is based on the blockchain industry, at the moment there is a complete lack of reliable criteria set for the evaluation of new platforms.
Investors need to collect information on blockchain projects piece by piece from various sources like company websites and discussion forums, wherein each participant expresses their subjective point of view.
This means that, to date, there are no sources of systematically assessed and analyzed data for the elements that make up blockchain projects: technical features of the platform, its business model, the team, the strengths and weaknesses of decentralized infrastructure and many other factors. However, by performing this kind of analysis, it will allow us to objectively evaluate risks and paint a complete picture of the investment object and its potential.
The goal of ICORating’s team is to develop clear assessment standards for blockchain startups and assign ratings based on a transparent and standardized scale. It was this type of approach that turned the Wild West of traditional stock trading into a civilized platform. After rating agencies are established, the risk of fraud will be minimized for both issuers and investors, and they will have access to less biassed information for which to make their decisions. This will, in turn, increase the responsibility of developers of decentralized services before handing over this information to users.
Our mission is to help the market achieve the necessary standards of quality, transparency and reliability as quickly as possible. This will help attract institutional investors who will create great opportunities for entrepreneurs of this new economy to acquire funding for their projects.
Our team consists of experts from diverse fields, including international investment, blockchain and online-businesses.
To the Crypto-Currency Community
We would love to hear your comments about our first analytical report on the following: DECENT ICO. It is very important for our team to understand what aspects of our analysis are most important to and interesting for the community. This includes knowing what we should focus on more, what we can add, improve, etc.
We will consider all your feedback and comments before creating any future reports. This will help us to make them more informative and as a result, increase your chances of selecting highly profitable investments.
At the moment, our project is completely nonprofit and free: all information provided is available publicly and free of charge. Our project’s goal is to aid a financial blockchain’s development, which means we rely on the support of the crypto-currency community.
Please give us your feedback in the comments section of the Google Doc or send us an email at: [email protected]
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