What are ICO Ratings and why do we need them?
An ICO rating is a method that evaluates a project considering several factors — its technology, core team and advisors, media mentions of the company, business model, Token sale metrics, etc. Presently, there are a lot of different ICO ratings. With so many new ICO projects being launched every day, it is nearly impossible for an indivdual to evaluate them all. It is for this reason that this work is undertaken by different ICO rating websites, that show not only the rating of a project, but sometimes even perform interviews with the team to give the fullest indication of an ICO’s potential. Ratings are useful not only for investors, but for ICO launchers as well. Having a third party rate your ICO means obtaining valuable and honest information on the quality and the potential of the project. If the outcome is positive, the results of the rating can be used for marketing purposes, since it transmits trust and transparency.
What characterizes a bad rating?
Not every rating is trustworthy and provides objective information about ICOs and their potential. Sometimes, projects have to pay to be rated or they may be encouraged to make a donation to expedite the procedure. In this way, the rating agency might be influenced and driven by monetary gain, which could potentially make the rating less objective. In addition to this, some rating services also act as an exchange, intermediary or advertising platform and thus has a conflict of interest.
Evaluating DUCATUR
DUCATUR has been recently evaluated by icoholder.com. It is one of the most objective and rigorous of ICO ratings websites. It is independent and created to assess the attractiveness of the investment. In order to rate an ICO, the icoholder.com team assesses the idea and project for its completeness. The estimation criteria is based on more than 70 different parameters, such as:
Product: ICO details, features, structure, roadmap, technical explanation, use of token, MVP, use cases, laws & regulations.
Activity: Media activity, site traffic, number of subscribers, social media activity.
Vision: Whitepaper quality, timeline, current investments, market potential, number of existing users base, risks and competitors.
Potential: Risk score and investment potential.
Team: Team rating, experience of the team, skills, verification of all team members.
ICO Profile: Availability of all necessary information for investors.
Ratings are not permanent — the site monitors the ICOs on a daily basis. The rating methodology is constantly being improved by adding new criteria to the assessment algorithm.
DUCATUR’s Rating
The score DUCATUR obtained is highly positive, as it shows that a majority of the criteria have been fulfilled, but there are still spheres to develop and make even more progress. Our rating is 4.5 as you can see below:
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All of the spheres of our activities are equally developed and are well realized. Samson Owiti, a cryptotrader, crypto investor and Blockchain business expert points out that we have some considerable strengths: easy oracle creation, faster banking transactions, quality and reliable data exchange, arbitration of the disputes, market explorations for companies of all sizes. Mr.Owiti also notes that DUCATUR “enables the business to create a new form of organizations through decentralization where the management of financial information flows through the management of smart contracts through the oracles. He also notes that the platform has a credible team with experience in developing and maintaining projects since 2007 with the guidance of the CTO Ivan Koshechev who has developed systems for different companies”. Of course, the DUCATUR project is not perfect, but we take into consideration all the cons and strive to improve.
Summing up
Our DUCATUR team was very happy to hear that the experts consider our platform to be very vital because of our ability to support multichain oracles which enable high quality data exchange with faster dispute resolution as well as enabling small businesses to exploit Industries with a large market capitalization. The verdict that Samson Owiti reached is that all of these characteristics motivated him to invest in DUCATUR, and we hope that you share his opinion!