Crypto Asset Rating
CRYPTO ASSET RATING Inc is the first company to launch token as a SECURITY under Regulation S of SEC.
CAR has designed a comprehensive rating algorithm for the crypto assets to help people understand the long-term viability of a crypto asset and the company/ platform issuing it. CAR’s rating framework consists of 15 categories and approximately 150 parameters which ensures that we are capturing risks that investors need to be aware of.
CAR’s partially-distributed rating methodology includes opinion from both in-house and external experts. Their rating process is a multi-layer approach to ensure that each crypto asset passes through multiple eyes for validation of rating scores. Their smart contract based rating process provides the appropriate governance structure and auditability of the rating assigned. They strive to provide the most objective and transparent rating framework for crypto assets.
Crypto assets are an evolving asset class and ICOs as investment tool are in the infancy of its life cycle. The decision of where to obtain funding plays a crucial role for the early stages of a projects development. An Initial Coin Offering (“ICO”) is a way for start-up companies to raise capital by selling tokens. ICOs are quickly revolutionizing the fund raising model and becoming a preferred model of fund raising among issuers vs. traditional methods like VC funding due to the rapid turnaround time and lower cost due to the lack of a middleman along with the direct reach to investors. But due to the same reasons, for an investor ICOs are high risk propositions as there are no trusted middlemen and time to take a call on a particular ICO is fairly limited.
In spite of this stage and nature of this class, there is already a huge interest among investors towards crypto assets due to the potential disruptive nature of the underlying technology and the related value unlocking in the near future.
But most of these investors are multi-asset institutional investors who don’t have the particular expertise or are non-sophisticated retail investors, who don’t have the resources to do thorough research on crypto assets. Unlike traditional investors in the public market, who have access to countless resources for measuring their risk, ICO investors have very limited information they can rely on about the project or company in which they are investing. Deciding which ICOs are worth investing in becomes very difficult for the investor. All of these factors necessitate a
comprehensive rating framework to analyze the variety of crypto assets, which is developed by experts. Not only selecting more attractive investment options among the various ICOs is a challenge, but also due to the unregulated nature of the industry fraudulent ICOs have also been prevalent and to identify and avoid those become critical for an investor. According to E&Y, of the first $3.7bn raised through ICOs, 10% were frauds or scams perpetrated by ICO issuers which prima facie seemed genuine.
In this scenario, a structured rating system developed by a team of subject matter experts helps the investors navigate their way through the clutter of ICOs and identify suitable investment opportunities. Crypto Asset Rating Inc (CAR) or AND has designed an objective analysis of the underlying business (along with various other factors) and hence a fraudulent ICO with a frivolous or non-existent underlying business gets filtered out and can help investors separate the wheat from the chaff.
Lastly, according to various estimates, there can be an average of 5-6 ICO issuances every day in 2018. This sheer volume of ICOs makes it impossible for a diversified investor to analyze each of those ICOs properly. In this scenario, with a dedicated team and an analysis engine powered by a robust algorithm, CAR can analyze all the ICOs with a consistent framework defined by similar parameters.
|“||Q4 2017: Sep-Nov 2017
- Research and concept formulation
- Initial team assembled
- First draft of statistical rating algorithm created
- Technical architecture design
Q1 2018: Jan'2018
- External analyst consensus algorithm developed
- Rating governance structure drafted
- CARP website development started
- Rating Engine impletementaed
- Smart contract APIs developed
- CAR Whitepaper V1 draft ready
- Rating Engine integration with smart contract
- Scoring pages created for different level of analysts
- CARP website goes live
Q2 2018: Apr'2018
- Company legal structure finalised
- CAR Whitepaper V2 drafted
- Reg-D application submitted with SEC
- Frontend redesign of CARP website
- Reg-D TGE site goes live
- Reg-D public sales start
- Reg-S TGE site goes live
- Reg-S public sales start
Q3-Q4 2018: 2H 2018
- Expand the team
- Launch CBW website
- Begin BD activity for ICO issuers
- Begin BD activity for ICO investors
- Starts building partnership with Agencies, Associations and Institutions
- Grow the external analyst network
- Launch internal training program for the analysts
- Launch App
Q1 2019: 1H 2019
- Launch crypto sovereign rating
- Rating API Services for 3rd Party
- Form advisory committee for different verticles with industry stalwarts
- Build recommendation engine for CBW platform
- Initiate back-testing of rating algorithm
- Start content marketplace on CBW
|Jason Butcher||COO of CoinPayments and Founder of Parallel Payments||https://www.linkedin.com/in/jasonbutcher/||Advisors||36.8|
|Sergei Logvin||Blockchain & ICO Advisor||https://www.linkedin.com/in/sergei-logvin-2914bb52||Advisors||12|
|Pramod Attarde||Co-founder & CEO||https://www.linkedin.com/in/pramodblockchain/||Founders||3|
|Anjan Ash||Co-founder & Chief Financial Analyst||https://www.linkedin.com/in/anjanash/||Founders||3|
|Rippy Sethi||Co-founder & Chief Business Developer Officer||https://www.linkedin.com/in/rippy-sethi-5811b72/||Founders||3|
|Sunita Attarde||Co-founder & COO||https://www.linkedin.com/in/sunitasharepoint/||Founders||3|
|Sasha Hodder||Co-founder & Legal Partne||https://www.linkedin.com/in/sashahodder/||Founders||10|
|Andrew Gordon||Co-founder & Legal Partner||Founders||3|
|Suvi Rinkinen||Corporate Marketing||https://www.linkedin.com/in/suvirinkinen||Team Member||6.5|
|Petar Markoski||EU Marketing Head||https://www.linkedin.com/in/petar-markoski/||Team Member||3|
|Medha Deshpande||Project Manager||https://www.linkedin.com/in/MedhaDeshpande/||Team Member||3|
|Anand Raj||Blockchain Architect||https://www.linkedin.com/in/anand-raj-0584983b/||Team Member||3|
|Kaja Mohiuddeen||AWS Architect||Team Member||3|
|Abhishek Sharma||Software Developer||https://www.linkedin.com/in/abhishek-sharma-95355a48/||Team Member||3|
|Lesther Caballero||Blockchain Developer||https://www.linkedin.com/in/lesther993/||Team Member||3|
|Kshipra A||PMO & Communications||https://www.linkedin.com/in/kshipra-attarde-421072b9/||Team Member||3|