Topic: [ANN] Ignite Ratings - Decentralized Ratings and Index Fund - page 32. (Read 7047 times)

Wow this thread has exploded over the holidays!

I've been following the Ignite Ratings journey from over a month now, and here is a summary of some of my answers, from an investor's perspective, to few questions asked here.

Q: Can I contribute anonymously? Why PICOPS?
A: Yes you can contribute without PICOPS, but doing verification is like a KYC (Know Your Customer) service, so you know where the money invested is coming from. In many countries where large exchanges like Binance, Poloniex etc. are based regulations will be getting stricter and those companies will be required to authenticate users and funds with KYC.

Now, for listing new coins, either these exchanges would have to verify the identity of all ICO contributors, which would be a very painstaking process - so they will incline to not listing the coin. But since Ignite has already done KYC for most of it's investors, the exchanges will have more faith and are inclined to choose listing this coin over say, one that has not done KYC for it's investors.

This is just one of the many benefits! And Ignite is providing 10 IGNT (0.0667 ETH) tokens to people who do the PICOPS verification (0.024 ETH fee) so that more than makes up for the cost 

Q: What is the brain behind Ignite's ratings?
A: The answer is simple! It is us, the users. By not depending on centralized agencies (Like how S&P and Moody's works) and not depending on tech like AI (which can still be manipulated) the entire ratings system is decentralized. Each user's reputation is tied to their ratings, which is a fool proof mechanism to ensure only the best of recommendations get through. For sure, I think there will be an initial period before we can filter the users with the best reputation, but once the initial ratings are out, there is no way reputation can be gained without successful trades!

Q: Can the team influence the ratings then?
A: Regarding the team influencing ratings, all ratings and everything the team or a user does is stored in the ledger so any member can look up, all events taken by an user - so while we do want the team to be active on the platform they won’t have any more influence then any other member. Equal influence for all regardless of you being part of the team or not!

Q: Is the team responsive?
A: I have to say I am part of the Telegram group, and this team, Chris, Damon, Max and everybody in the team have just won us over with the confidence and credibility with which they answer questions. If there's anything urgent do join the telegram group here https://t.me/igniteratingsICO and they will answer very quick!
Right now it's the holiday season but they're still working super hard on getting this ambitious project running!

Hope I could answer some queries from a user's perspective, and do ask me if I can help anymore!

And here is a small post I put if you need more reasons to be convinced https://steemit.com/ico/@blockchaineco/the-best-ico-i-have-seen-till-date-ignite-ratings

Hi there!
Just to be on the safe side kindly confirm that I am right to have understood that ratings will be assigned by anonymous token holders and then reviewed by other participants (also anonymous ones). But in that case what's your difference apart from a score of rating agencies, which are having a common problem with transparency and preconception?
I thought you were going to implement some kind of AI evaluation.

Everyone has a lot going on for them as far as crypto is concerned. This will be the best next thing if people don't find a way to sabotage it, and still write fake ICO ratings. I'm all up for this and will keep and eye out for it

I like the idea of how we consider a project to be legit or not. This must really our first priority to know but it was so hard for us to predict what will be the outcome. Many features to be considered, but sometimes those developers and members with good communication creates a big blast of success in the community. With this Ignite Ratings team developers possess, they have potential to reach the brightest future.

Seems ignite ratings leading the change in decentralized ratings and index fund
Its growth of consistency on ignite ratings, trading platform a good need for our deed to make profits, it is helping us, the support of users when you kept focussing there you win already when you valued in communication channel, we share, spread and support you being multi investor we seek the response as it never puts us in anxiety when we trade. Thanks for dealing.

well, to  invest in an ICO about 5000 or 10000 USD is not as easy you say. You have to do your search very good.

Beginning with Whitepaper you have to think if this project and idea is possible to implement.

Till ... searching the developers in github, but not only related with the actual project; also previous works.

Consider one project is legit or not need some addition like as: Amount of investing, Community, high review from cryto currency analytist or someone like that. Have more and more details is better for us.

You can only put a little trust on who are you dealing with, and focus on the project infront of you if you don't have any or less info about the developers, so just hope it goes fine and you will be fine.

You have a point there that finding a legit and good ICO these days is really hard to know because lots of them are spreading and have a very descend and promising platform that is very difficult to identify. This project is the solution of our doubts and fear when choosing the right ICO to invest.

Hey Ignite Ratings Support, what time could we can using beta version of Ignite Ratings Platform? Or we can try it at 2018?

Ignite ratings is the biggest platform than its particular platform...They have a big roadmap...hope this roadmap become successful... & also their project...

Recently, the company from Gibraltar has refused to cooperate with many companies. It's over for me, the average card user is very important. Can your card be used by citizens all over the world?

Even UpsilonTrooper is correct. We can't judge anything without much knowledge. Perhaps some good knowledge can do so. Thatswhy it is always good to make some good research before investing in any ICO. I think Ignite Ratings project can really have success in future.

Coming to a conclusion if a certain ICO project is legit or not, we always need to answer a lot of questions such as : does this project solve a problem? is it scalable? who is behind the project, do they have the skill relevant to the project?
But, answering those question is very difficult for most of us and it required lots of efforts. Having a platform like ignite that will do that for us and save our time, is absolutely awesome.

I don't undertand people like this too, because u can't know about fairness or unfairness of developer from that or other coin/token, all of this we can see only after ico ends.

Just curious how you came to a conclusing that this coin is or is not a scam? Just curious you randomly just said with full faith that it isn't. Any hard details?

yes I am also confident and believe that this project will continue to make better progress in society become more productive so that more investors are interested and will join the project, if good teamwork and compact also this will add this project will be very advanced. good job.

Actually the card is one of the easiest parts of the project. This part is handled by a company we work with in Gibraltar, it’s very easy and not expensive to use the card. It’s just a way to withdraw your rewards. It’s a nice to have feature for our users but certainly not the most important feature at all on the platform. For me aside from Ratings the trade routing is massive for our users.

Great remark! Honesty is not a mathematical term and people can make mistakes and honestly give a good rating to a bad project.

Maybe your thoughts will happen and maybe not, let us see what will happen after the project launch. Yes admit it, those who have tokens are the ones that will benefited in this project. Bu Im sure there will be other options for other people to participate.