The Crypto Asset Rating (CAR) Inc. is a U.S-based agency for rating, which develops a proprietary algorithm for digital assets. The platform has a reliable analyst pool with experts from across the globe. In addition, the platform has a reliable rating solution developed on the blockchain technology. This eventually brings decentralization.
Problems Crypto Asset Rating Seeks To Solve
The problems identified by CAR include the following:
- There is no middleman performing any kind of due diligence
- The market is plagued with outright frauds
- Too many ICOs are launched, making it difficult to identify the good ones
- Limited information available on projects
- Multi-asset institution investors lack particular experience and expertise to assess crypto assets
- Non-sophisticated retail investors lack adequate resources to conduct detailed due diligence.
The Crypto Asset Rating Algorithm Based Valuations Solutions
Following the problems identified, CAR offers the following solutions:
Comprehensive Rating Model
CAR has initiated a comprehensive rating algorithm for digital assets, which consists of more than 150 rating parameters and more than 15 rating categories. Besides, their analytical rating framework appraises each digital asset on four varying risk categories. The platform uses a specific rationale to support the rating score. The final rating also comes with a detailed rating report.
In-House Rating Experts
CAR boasts a pool of in-house rating experts including business analysts, technology analysts, legal analysts, and financial analysts. Each respective analyst in the categories above can handle the rating parameters in their categories.
CAR has a multi-layered governance structure, which clearly separates responsibilities. Both junior and senior analysts provide scores and rationales, with no influence from the outcome of the final rating. Additionally, the scores have to pass through a multi-storage review process in which they are stored in a smart contract. This makes them auditable in the future. ICO phase one of Crypto Asset Rating ends in about 28 days.
Crowd Score From EAs
CAR works with a selected group of External Analysts to rate the parameters. The EAs can run the scores through a consensus algorithm with 30% weight, which eventually determines the final score of a rating parameter.
The reward structure is mainly to incentivize the external analysts to continue to improve their performance, which includes insightful blogs, articles, or videos among others.
Crypto Asset Rating AND Token ICO Details
The ICO will roll out in stages. Stage 1 starts 10th June 2018 and ends 31st July 2018 and offers a bonus and tokens (floor) of 25%. Stage 2 starts 1st August 2018 and ends 15 September 2018 and offers a bonus and tokens (floor) of 20%. Stage 3 starts on 16 September 2018 and ends 30 October 2018 and offers a bonus and tokens (floor) of up to 15%.
Parameters Of The ICO
- Ticker: AND
- Token Type: ERC 20
- Token Price: 0.20 USD
- No of, and token per USD: 5.0
- Cannot participate: China, South Korea
- Token Issue: After ICO
- Accepts: BTC, LTC, ETH, BTCH and XRP