Oddup’s Alluva Partners with Refinitiv to Enhance Transparency in the Crypto Space
Oddup has announced that’s its upcoming product, Alluva will partner with Refinitiv. This is not the first partnership that Oddup, a company that supports promising startups, has partnered with Refinitiv. The two firms previously worked together to develop the Eikon App.
Alluva partners with @Refinitiv, streams #cryptocurrency data and #analyses, along with #ICO and #STO data, to the Eikon app. For more details, visit https://t.co/jAhmuvgAuj#announcement #partnership #rewards #cryptocurrency #markets #insights #analysis #transparency #fintech pic.twitter.com/a7LaxWho2u
— Alluva (@alluva) March 27, 2019
The Eikon App allows license holders to access information concerning startups, locations, investors, and industries. Alluva will be ingrained into the Eikon App to improve its scope of data coverage, as well as provide insights and detailed analyses on digital currencies, initial coin offerings and securing token offerings.
The Reason For The Partnership
Alluva and Refinitiv are working together because of the rising demand for accurate and reliable data on the numerous virtual currencies that are available in the crypto markets. Typically, popular cryptocurrencies attract the attention of crypto hobbyists, whereas the information about lesser altcoins is scanty. This makes it almost impossible for the projects behind such coins to realize their potential, regardless of how promising they are.
James Giancotti, the lead developer at Alluva, believes that their product will put an end to his challenge. James noted that cryptocurrencies and blockchain technology are gradually becoming an important part of the investments sector. The problem, however, is the non-transparent, unfair and biased perceptions on crypto assets and ICOs. By solving these issues, Giancotti is certain that Alluva will contribute massively to the mass adoption of blockchain technology.
Ultimately, Oddup and Refinitiv hope that their partnership will make all relevant data on digital currencies available to users of the Eikon App. This, in turn, will drive up the adoption of digital assets among institutional investors.
Leon Saunders Calvert, Head of Capital Markets and Advisory at Refinitiv, said that institutional clients, especially SMEs, will greatly benefit from innovative methods of raising capital such as ICOs and STOs. He further stated that they were happy to work with Oddup in enhancing the transparency of the data concerning various cryptocurrencies.
How The Alluva Solution Works
Alluva is a blockchain-driven solution that tracks and collects the opinions of millions of users on various digital currencies. This information is then processed to provide actionable insights on the researched digital assets.
The solution analyses the sentiments of crypto investors using a unique inbuilt algorithm. This mechanism ensures that the output is an accurate and unbiased reflection of the views of the crypto community.
Alluva emphasizes accuracy to assist prospective investors in choosing high-potential cryptocurrency projects. This product will be introduced to the Eikon App in Q2 2019.