Topic: [ANN][RATING] Digital Rating Agency (ICOs, cryptocurrencies): launching - page 5. (Read 2461 times)

The DigRate has assigned Quality Rate High to IZX project.

IZX is a platform implemented on a blockchain for constructing effective communication between sellers of goods (services), their consumers and game developers of augmented and virtual reality. The project's founders intend to create a new niche in the digital advertising market, encouraging developers to integrate their applications with the decentralized marketing platform of IZX.

The project team identified the problems of the modern online advertising and offline business market, and also presented a business model in which the main source of the project's income is the commission fees for the use of the network infrastructure. IZX tokens is a virtual asset for the transfer of values between developers, players, and advertisers, within which virtual prizes become real, and players become customers.

Companies on the IZX platform play the role of advertisers and conduct marketing campaigns to engage new or retain existing customers. Advertisers buy tokens for advertising campaigns, and players collect them through the application and can exchange for real values in the form of a discount, gift, special offer or other reward.

Developers have already built in the platform the first game of the same name (available at Google Play and Apple Store) with elements of augmented reality (AR). Until the end of 2018, the platform plans to launch three new AR-games.

The project team has professional experience in software development, finance, and marketing. The project is supported by strong advisors and well-known experts in the field of blockchain, although information about the experience of the IZX founders in the implementation of a successful business in the project field is missing.

There are a number of basic legal documents on official resources of the project (Terms & Conditions, Privacy Policy) and the regulation of funds dispersal that will be raised during the ICO. Information about the legal structure of the company IZX PTE. LTD (UEN 201724759N) is posted on Singapore's public websites. A code of smart contracts for the platform and the game protocol are published on GitHub. Information on project support by VC investors has not been revealed. The project’s website lists a number of companies, named partners, but there is no detailed information on this issue.

At the time of drafting this review, the level of the marketing campaign activity is not high enough. There is also a low activity of the project discussions on blockchain news resources, but despite this, the mobile IZX game, integrated with the platform of the same name, managed to attract more than 30,000 active users.

Despite the fact that the game presented by developers is a direct analog of the famous Pokemon Go, IZX contains several cardinal differences from existing solutions. First of all, this is the economic benefit that all IZX participants get, regardless of their role. Taking into account the interest of the public in the games of augmented reality (Pokemon Go, where users do not receive money, but spend it, it was possible to attract more than 100 million players worldwide), as well as economic incentives for the token holders, it can be argued that the project has all chances for the successful implementation of the in-game economy. This hypothesis is confirmed by the results of public testing of the beta version and the mobile app of the same name. There is a risk of using the idea of IZX by large companies: Google, Microsoft, Apple, that are developing an ecosystem of augmented reality.

IZX is using advanced technologies (blockchain and augmented reality) and has a high potential for development and scaling, and the business model of the project is characterized by a medium-to-high probability of investment return.

More information about the strengths and weaknesses of the project can be found in our review.
https://digrate.com/uploads/investment_overview/Izetex_ER_eng.pdf

The DigRate has assigned Quality Rate High to Eticket4 project.

Eticket4 is an international P2P-platform, operating on the secondary market of ticket sales for sports, music and other mass events. The Eticket4 platform acts as a link and arbitrator when making a sale transaction, verifying the seller and transferring tickets to the buyer using courier service, and also blocking the amount received from the buyer until he gets to the event. The Eticket4 ecosystem provides for the interaction of all market participants: investors, event organizers, ticket brokers, as well as ticket buyers.

The project founders have a successful experience, that is confirmed by the functioning business in the field of ticket sales since 2016.The project team carried out a detailed analysis of the ticket sales market and the competitive landscape. In contrast to the blockchain projects planned for launch in the US and UK in 2018 (Blocktix, Aventus), Eticket4 is an already operating business, that has experience of entering foreign markets. Also, there are successful companies such as StubHub, Viagogo, Kyazoonga in the global market. Among the similar projects that conducted the crowdsale in 2017, Crypto.tickets can be note ( A2 score of investment attractiveness ⎼ 5.2 points). During the ICO, the project raised $1.75 mn, and the price of its TKT token rose 3.5 times ⎼ from $0.06 to $0.21 since the ICO end date.

The company describes in detail the advantages of its platform, the growth factors of the ET4 token price and the measures taken to reduce the risks of investors. The economic nature of ET4 defines a token as a digital unit of Eticket4 service, that is transferred to the buyer as points for the purchase, and it is not a basis for recognizing the token as a security. The team also provided the results of the Howey test.

In order to reduce the risk of tokens devaluation and the manipulation of its price, a number of preventive measures are envisaged: limited issuance of tokens, their buyback by the platform, and ET4 listing on exchanges (after the project enters the European market).

To maintain liquidity and ensure the buyback of ET4 tokens, a reserve will be formed. The minimum platform fee (2%) for a transaction in company tokens, lottery of the prize fund, and cashback are the main factors of high demand for ET4. An additional motivation for owning tokens for event organizers is the ability to regulate the secondary ticket market for their events, restrict re-sale, set the ticket's limit price, and receive commission from secondary transactions.

Deficit model of the token ⎼ passive growth factor of the ET4 price. The foreseeable purchase of ET4 tokens for fiat means that the buyer, when using fiat money, also demands the tokens, and then spends them, that facilitates the turnover of ET4.

The operating Eticket4 ticketing platform with an annual turnover of $2 mn and an average monthly growth of 2-3% provides ET4 tokens with real, rather than speculative, liquidity.

In general, the decentralization of current Etiquet4 business model will allow it to enter new markets, and the price of the ET4 token has a high growth potential in the long term with low sensitivity to market conditions.

More information about the strengths and weaknesses of the project can be found in our review.
https://digrate.com/uploads/investment_overview/Eticket4_ER_eng.pdf

Thanks for your message, please contact us via web site https://digrate.com/ or [email protected] we'll send our pricing for rating and / or audit.

Please note that, only high quality projects can get A1 or A2

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The DigRate has assigned Quality Rate Medium to Parsec Frontiers project.

The Parsec Frontiers team is developing a multiplayer online game centered on the colonization of planets in the Milky Way. The blockchain economy is fully controlled by players and is to allow users to mine and use rare metals, create modern ships and defense systems, as well as buy and trade resources for profit.

The project team has described the business model and the game universe in detail. The project website has information that the game is already developing, although, the prototype and the source code for the product has not been published on GitHub.

The game is to use its own currency - Parsec Credits [PRSC]. This is a classic crypto token, which is to be traded on exchanges, while all users are to be able to exchange tokens for other cryptocurrencies or fiat currency. The issuance of PRSC tokens is limited and the team has described a mechanism in accordance with which a portion of the tokens is to be withdrawn from circulation and destroyed. The project team has presented the results of a Howey Test, according to which PRSC tokens are not securities.

Escrow is not used by the project. Additionally, there are no legal documents (for example, Terms & Conditions, SAFT) and information about the legal structure of the company.

The project is supported by strong consultants and well-known experts in the blockchain field. Information on project support from VC investors has not been disclosed.

At the time of drafting this review, marketing activity was insufficient. Furthermore, the project is not widely discussed on blockchain news resources.

The described game world is not a unique idea, and the project has several successful competitors, such as EVE Online and Star Citizen. Star Citizen, which has been being developed since 2012, has sets records for fund raising through crowdfunding and has a huge fan base. Using the EVE Online example, the introduction of blockchain technology is not a prerequisite for successful monetization of an in-game economy. The business model of Parsec Frontiers contains considerable risks, as the innovative component of the project and the benefits are not obvious.

Pros and cons of the project, can be found in our review.
https://digrate.com/uploads/investment_overview/Parsec_Frontiers__IR_eng.pdf

The DigRate has assigned Quality Rate High to The Abyss project.

The Abyss is a decentralized digital distribution platform, where developers are to be able to cut marketing costs, exchange traffic, and gain access to additional services. Players can play their favorite games and earn by participating in referral and motivational programs, auctioning game items, creating game content, and other social activities.

The team has created a detailed model that clearly explains the platform’s internal processes. However, the success of the project largely hinges on a well-constructed marketing campaign.

The issuance of tokens is limited, as the volume directly depends on the amount of funds collected during the ICO. Information on passing the Howey Test is absent. In the opinion of DigRate, ecosystem participants have a clear motivation for owning ABYSS tokens, as discounts are provided at the expense of the platform when payments are made in tokens (in contrast to fiat payments). This makes using ABYSS tokens more profitable than using fiat currency, and creates stable demand for the tokens. As a defensive mechanism against token devaluation, the company plans to burn one third of its commissions through a smart contract, which should reduce the number of tokens in circulation.

The company’s legal structure is transparent. The project’s website also presents all of the following documents: Privacy Policy, Terms & Conditions, Token Pre-Sale Agreement, Token Sale Agreement, according to which ICO participants agree to provide information for KYC procedures under the project’s AML policy. The project developers have published a smart contract code on GitHub, but has done little to develop the project source code at of the time of this publication. The project team has also presented the results of an independent audit of the smart contract.

When this review was drafted, the team had not disclosed the members of the advisory board. There is also no detailed financial plan or information on VC investments. However, the project team has sufficient experience in the gaming industry and the ability to implement its business model.

Pros and cons of the project, can be found in our review.
https://digrate.com/uploads/investment_overview/The_Abyss__Investment_Review_eng.pdf

The DigRate has assigned Quality Rate High to Serenity project.

The Serenity Financial platform is a marketplace for traders and brokers, implemented on a blockchain. Using the platform, cryptocurrency traders get the opportunity to invest in classical assets, keep a deposit and make profits in cryptocurrencies.

The project founders say the use of their platform will significantly reduce: ⎼ commission fees for transactions, ⎼ fraud risk on the Forex market, ⎼ complexity of exchanges and other transactions.

The project team has identified real problems in the modern foreign exchange market and presented a clear business model. The project developers have published the smart contract code for the ICO on GitHub, but an independent audit of the smart contract has not yet been conducted. The Verify My Trade system and the SERENITY crypto exchange are available as product prototypes, and can be tested on the project’s website.

The project has a limited issuance of SERENITY tokens. The Howey Test has not been conducted. Tokens used to pay for the company's services will be withdrawn from circulation and destroyed. There are no tools (for example, the use of escrow) that would guarantee the return of investments, if the stated usage of funds is not followed. The whitepaper lists the project’s main legal documents: SAFT, Terms & Conditions, and Privacy Policy. Information about the legal structure of the company is absent.

The team members are competent in their fields, the project founders have previously implemented a successful business in financial markets, and the project is supported by well-known consultants. Information on project support from VC investors has not been revealed in public sources. At the time of drafting this review, the level of the marketing activity (with the exception of Facebook and Bitcoin Forum) was below average.

Despite the above-mentioned shortcomings, DigRate experts assume that the intentions of the project team are serious, and their abilities are sufficient to achieve the stated goals.

Pros and cons of the project, can be found in our review.
https://digrate.com/uploads/investment_overview/Serenity_eng.pdf

Digital Rating Agency has assigned a B1 investment attractiveness score to Scorum project. Digrate experts found the project interesting and promising for the stated target audience, but containing considerable risk exposure, high sensitivity to market conditions.

The Scorum project is declared as a blockchain ecosystem of the new format, the main component of which will be an innovative media platform with its domestic economy based on the principles of the free market. Such an approach, in the opinion of the project team, should solve the key problem, that consists in unfair distribution of funds and low technology of the gaming industry services.

The sports industry exists at the expense of fans who do not receive anything in return: the profit of media resources belongs to their owners, and the bitting and fantasy sports are subject to high commission fees. The solution is to create a technological, modern, and financially fair blockchain ecosystem and Scorum should become one.

The set of services that Scorum represents is widely used both by classical sports Internet platforms, and bookmakers. However, the Scorum team sees the implementation of its platform exclusively on the basis of blockchain technology, explaining this by the statement that in any public blockchain economic incentives aimed at rewarding participants who support the protocol and punishing those who are trying to attack it should be laid. The team says that they have no direct competitors either among traditional media or among similar blockchain projects.

Obviously, the team has a clear understanding of the strengths of its project, while the weaknesses, as well as the competitive projects, are not sufficiently analyzed, and there is also no detailed SWOT analysis and information on the methods of competition for the market share of the sports industry.

Pros and cons of the project, as well as our recommendations, can be found in our report https://digrate.com/ico/534

Can you tell on what grounds are you doing tests on companies that go to the ICO ? I used about 6-ranked websites-calendars which do the analysis ... to this day haven't had failures ...

The DigRate has assigned Quality Rate High to Scorum project.

Scorum, with proper implementation, is likely to find a positive response from the project participants. The Scorum platform will unite those who are not indifferent to the sport in one ecosystem, that is created around the services that are in demand. The team has a clear understanding of the project’s strengths, while the weaknesses, as well as competitive projects, are not sufficiently understood. The Scorum project received a wide media and information coverage and was able to attract the first investment at the pre-sale stage. The open resources of the project highlight the legal aspects of ICO safety, while information on the tech aspects is extremely insignificant. Investors should not expect quick speculative profit, but at the same time, the investor bears quite low risks of devaluing project’s tokens ⎼ Scorum Coin (SCR). Reducing the risk of depreciation of SCR is facilitated by an understandable model of token turnover and protection mechanisms from their excessive supply at crypto exchanges.

More about the strengths and weaknesses of the project in our review.

https://digrate.com/uploads/investment_overview/Scorum_Investment_review_eng.pdf

Thanks for feedback

Great website . Now a lot left similar rating sites and calendars ... Need more listing ICO and do report the Scam ...

Dear friends, we are glad to present our new product – Investment Review of the Coinvest project.

The DigRate has assigned “B1” Quality Rate High to Coinvest project.

Coinvest is an American project that is going to create a decentralized stock market for cryptocurrencies. The team plans to create a platform within which users can invest in cryptocurrency and create different investment portfolios using one token - COIN.

The project founders state that using their platform will significantly reduce the cost of investments, their risk and complexity, that is associated with the conduct of exchanges or other transactions. COIN will be used as the main currency of the platform through which all investments will be made, that will ensure its turnover. However, the project team declares that unsold during the ICO tokens will not be destroyed, but will be credited to reserves. Developers do not disclose for what needs and when these reserves will be used. There is a risk that the token will collapse if a significant portion of the backup tokens are released to the market.

The project team has identified the real problems of the modern cryptocurrency market, and presented a clear business model. The legal structure of the company is transparent, all the main documents are published on official resources of the company. Much attention is paid to the technology safety, but no independent audit of the smart contract was conducted.

The soft cap and hard cap differ 30 times, that indicates the uncertainty about the amount of investment the team needs. Probably for the same reason, the developers did not submit a financial plan and did not indicate the expected income and expenses.

Despite the fact that the team members are competent in their fields, the founders have not yet implemented a successful business in the stock market field. Nevertheless, the project is supported by two very well-known consultants. The project team published the smart contract code, as well as some elements of the product code itself, but there is no prototype that can be tested. The developers claim that the project is supported by large VC investors and cooperates with large partners, but this information is not disclosed and cannot be found in open sources.

More information about the strengths and weaknesses of the project can be found in our review https://digrate.com/uploads/investment_overview/Coinvest_eng.pdf

Digital Rating Agency has assigned a Quality Rate High and B1 investment attractiveness score to EXMO – considerable risk exposure, high sensitivity to market conditions.

The EXMO project is conducting an ICO with the aim of raising capital for the development of the exchange and launching a new Margin Loan service. This type of service will provide an opportunity for traders with small capital to earn more, at the same time, the company will potentially be able to increase the trading volume and the popularity of the exchange among traders.

Exmo plans to raise $150mn - $300mn during the ICO. 50% of the raised funds will be sent to the margin loan fund of traders. Investors will receive dividends from the exchange's profits. This business model will allow the company to attract a sufficient amount of capital for subsequent loans to traders, while the backers will have the opportunity to receive a monthly revenue in the form of dividends. The project team presented a rather detailed roadmap, as well as market analysis. Competitive advantages of the company are clearly defined. The description of the financial dimension includes the distribution of investments in two scenarios: at the achievement of $150mn and $300mn. The company also presented a forecast of investors' yield for five years and assumes that the value of the token will increase from $1 to $30 by 2022.

The project founders set a very ambitious goal ⎼ to attract $300mn of investments, although at the same time there is no information about partners, VC investments in this project, as well as a number of legal documents. Despite the promising composition of the project team itself, the company failed to attract a sufficient number of advisers with an international name in the field of marketing and strategic development. As of the date of drafting this report, the level of marketing activity is low, the launch of its active phase is scheduled for January 2018.

Also, the economic nature of the project’s token EXO does not allow it to pass the Howey test, and this is the basis for classifying EXO as a security. Despite the above mentioned shortcomings, DigRate experts assume that the intentions of the project team are serious, and the possibilities are sufficient to realize the indicated goals.

Pros and cons of the project, as well as our recommendations, can be found in our report. https://digrate.com/post/88

Digital Rating Agency has assigned a Quality Rate High and B1 investment attractiveness score to LWF – considerable risk exposure, high sensitivity to market conditions.

The Local World Forwarders (LWF) team plans to create an international platform for fast and cheap cargo delivery. Anyone can become an ecosystem participant, or use or provide logistics services after submitting an application and passing a verification test.

Existing traditional delivery systems have significant shortcomings connected to the centralized management scheme of logistics companies and failure to adapt. LWF, using the DPoS BlockChain, plans to decentralize the global logistics and make deliveries faster and cheaper.

The modules created by LWF are currently operating in an alpha version. The project team presented a detailed roadmap and financial plan, specifying targets for raised funds. All of the above facts leave no doubt as to the serious intentions of the project developers.

The main disadvantages of the project are lack of analysis of the competitive environment, information on legal structure, and support from large investment funds. However, the founders and the members of the LWF team definitely have the necessary experience to implement the stated project goals.

Pros and cons of the project, as well as our recommendations, can be found in our report on http://digrate.com/

You are right. More then 11 people form Canada, Chaina and Russia are in DigRate team and work for salary

High quality projects order ICO audit from us on a fee basis, to be more transparent for big investors

More reports on http://digrate.com/

What benefits do you get by providing this service? there are certainly costs for website operations, personnel and time from experts to analyze an ICO.

DigRate Rating Committee issued a Quality Rate Low and B2 investment rating score to Dimensions Network – low development potential, highly speculative investment.

Dimensions Network is a multi-featured cryptocurrency trading platform, with support for national currency deposits and withdrawals. An aggregator allows for more efficient and profitable trading. The platform supports options and futures trading.
The concept and tools that the developers offer are necessary for the further development of the whole crypto-exchange market. Dimensions Network has a demo version of the platform, but it is limited in functionality. The project team also submitted a detailed roadmap and financial plan specifying targets.

The information presented in the whitepaper is insufficient for a full evaluation of the business model of the project. It is also not specified how and when the project developers plan to start the implementation of blockchain technologies technically, because, according to the team, there is currently no technology that can support real-time trading. One of the advantages of the project is a detailed analysis of the competitive environment, although information about the legal structure of the company and the experience of the team members is not fully disclosed, which leaves some doubt as to the intentions of the founders and the team's capabilities to implement their plans.

The project’s advisory board does not include well-known experts in the blockchain field to date, the team has not signed any partnership agreements with any major companies, and the project has not been able to attract major VC investors. Furthermore, the popularity of the project is low, although the team has presented a marketing plan.

Pros and cons of the project, as well as our recommendations, can be found in our report http://digrate.com/

The DigRate team has assigned a High Quality Rate to the Jury.Online project.

Jury.Online is a platform that provides services for the resolution of any kind of disputes with the participation of an independent group of expert judges. The main problems of the market, that the project plans to solve are: high fees for professional legal services, excessive duration of trials and non-enforcement of court decisions.

The platform has a flexible smart contract that allows to conduct multilateral transactions, randomize the pool of judges, and also includes a number of approaches that exclude the corruption component of the dispute resolution process. It should be noted that the source codes of the smart contract and protocol have been published on GitHub. The platform will use the escrow function, that allows to transfer funds only if certain conditions are met and if it is confirmed by an independent third party ⎼ escrow agent. However, there is no detailed market overview and competitive advantages (for example, over CrowdJustice) in the whitepaper of the project.

The appeal to traditional courts is too time-consuming and expensive in case of disputed transactions with insignificant funds. The Jury.Online platform, using the built-in arbitration system, is trying to resolve disputes outside the framework of state procedural requirements, without violating the requirements of different countries legislation in the field of contractual relations between the parties. Legal recognition of such decisions on disputes by all subjects of contractual relations is also possible. The composition of the team is quite balanced and includes developers of the platform, specialists in marketing, strategic development and other fields. It should be noted that the team members do not have impressive achievements in the field of jurisprudence and the project needs additional legal authority specialists. There is also a roadmap in the whitepaper of the project, although the marketing plan for international expansion has not been worked out yet.

The High Quality Rate of the Jury.Online means that the project’s goals, market problems and their solutions are clearly defined, and the team members have the necessary potential for the platform implementation.

DigRate experts warn that any investments in crypto assets are high-risk investments.