DigRate Created A "Weapon" For Investors

DigRate Created A "Weapon" For Investors

Fraudulent projects, stolen tokens and unscrupulous organizers - such problems that are often found in the ICO world. And if earlier the ICO risk assessment was done by sophisticated analysts, now everyone can do it!

The Russian rating agency for the valuation of digital assets DigRate has created an automated SWOT-analysis to assess the initial coin offering. The tool allows any user to independently predict the risks of a particular project based on the necessary information - the name of the project and its site. A simple interface and working principle open a professional assessment to investors of any skill.

SWOT analysis can be used not only by potential investors but also by the owners of projects that go to the ICO. It is useful to look at oneself from the outside, get an objective evaluation from an impartial algorithm.

- says the founder of Digital Rating agency Arseniy Polyakov.

Analysis from DigRate allows you to assess the strengths and weaknesses of the project, as well as to see the overall outlook for ICO by accumulating all available information in one place. The finished SWOT-analysis will be published on the website of DigRate, and they can be shared in social networks, which allows the good soul to save other users from joining the scam-project.

The development of the SWOT-analysis was conducted according to the methods used by the agency in compiling its analyzes and ratings. And, of course, according to well-known business practices used in the professional assessment of investments in start-ups. The tool allows investigating the investment attractiveness of the project and its Quality Rate (probability of fraudulent nature).

In January, the agency has already verified two projects: Scorum and Eticket 4. And it is entirely possible that their development will be useful to a much wider audience. Earlier, in the fall of 2017, the Russian Innovation Support Fund suggested that the Ministry of Economy involve the rating agencies in assessing the projects coming to ICO.

Information Source: DigRate

Canada Reports Blockchain To Be Amongst Its Highest Paying Industries
A report recently published by the Canadian Digital Chamber of Commerce proves that the money involved in the blockchain industry of the nation is at...
KodakONE Blockchain Beta Test Generated $1 mln in Content Licensing Claims
More than $1 million — this how much in licensing claims KodakONE, a dev of DLT-based image rights platform, has generated. Certified by the American...
UNICEF Funds Six DLT Startups to Solve Global Issues
UNICEF is both crypto- and blockchain friendly. A few months ago the French leg of UNICEF said it was accepting donations in nine types of...
Facebook Has Opened 5 Blockchain-Related Vacancies
More than half a year ago social media titan Facebook set up a blockchain group to explore how to employ this technology to the maximum advantage of...
Seven Southern European Countries Agreed to Promote Blockchain
Seven countries of Southern Europe signed a declaration in which they commit themselves to promote blockchain. These countries are Cyprus, France...
Amazon Embraces Blockchain Despite The Dip on Crypto-Market
Even as crypto-market plunged from nearly $830 billion in January to $121.5 billion this week, the leading e-commerce company sees an opportunity in...
Microsoft Releases Dev Kit to Connect Users to Blockchain
The American technological titan Microsoft has finally introduced its development kit dubbed Azure. Azure functions without a server and is powered...
JPMorgan: Investors Should Keep an Eye on These DLT-Friendly Companies
If you are an investor, it might still be challenging for you to get exposed to DLT, unless, for sure, you are purchasing bitcoin. To ease the life...
Blockchain Engineers Make As Much As AI Specialists
Engineers working in the blockchain domain are as demanded as those who work on artificial intelligence. Such a conclusion can be made from the...
Blockchain Market Could Be $7 bln and Boost Amazon, Microsoft, BofA Says
Novel estimates from one of the most influential investment banks in the world — Bank of America — showcase unalterable ledger spread will be of use...