During Huobi Pro’s two-day Blockchain Festival Vietnam, hundreds of ICO projects will be represented throughout the festival’s blockchain-related events and seminars. In the process, keynote speakers from projects ranging from stalwarts such as NEM to up-and-coming projects such as AChain and DATx will be introducing their visions for blockchain technology to attendees—many of whom will be investors. As blockchain projects continue to draw attention from both Wall Street and Main Street, investors considering adding cryptocurrencies to their investment portfolios may not be familiar enough with the space to make informed investment decisions about particular ICO projects.
One of Blockchain Festival Vietnam’s sponsors, however, is set to make ICO due diligence research easier, quicker and more cost-efficient for first-time ICO investors. Distributed Regtech Collaboration (DRC) is a professional services platform and crypto rating agency that uses a crowdsourcing-consensus approach to make information disclosures, digital due diligence investigations, risk assessments and risk monitoring more accessible for blockchain novices. This crypto rating agency blockchain-powered platform gives investors direct access to randomly-selected professionals and technology experts who are well-versed in spotting the key signals indicating that an ICO project would be attractive to invest in.
How DRC's Crypto Rating Agency Platform Works
After DRC’s randomly-selected committee analyzes and grades a project in five different areas, this crypto rating agency generates comprehensive reports that grade ICO projects according to DRC ratings that categorize the projects as low-risk or high-risk investments. The crypto rating agency platform is monitored by law firms, auditors, and industrial researchers to ensure fairness. In the event the selected experts chosen by the platform disagree with a particular aspect of the proposed ICO or DRC rating score, the platform reaches out to randomized members of the chain to resolve the controversial aspects of the ICO in order to deliver fair and impartial analysis about the project. In exchange for participating, this crypto rating agency’s network of professionals is rewarded with tokens for participating in the DRC rating process. At the same time, companies that request reports can be incentivized for making these ICO reports and DRC ratings available to other platform users. While a typical DRC rating report costs $20,000 each, DRC's crypto rating agency tools can be helpful for guiding inexperienced investors towards better ICO investment decisions.
How DRC Committees Calculate DRC Ratings for ICO Projects
While DRC-selected committees have already graded five different tokens—Kyber, NEM, AIchain, DASH & EOS—they all present their analyses and DRC ratings in the same manner. In each report, the DRC’s due diligence committee members provide an overall DRC rating, risk level and total grade for each project. These DRC rating figures are based off of five key measures:
- - The project’s overview and goals
- - The quality of the project team
- - The quality of the project’s business plan
- - How valuable the technical solution
- - The overall economic model of the project
For each of these measures, the randomly-selected crypto rating agency team issues a numerical grade ranging from 0-100, with 100 being the best-possible grade. After the DRC team issues final DRC ratings for each of these individual measures, the crypto rating agency team averages out the five grades to reach a final score. From here, DRC issues a risk-level rating and a letter-grade rating to advise investors regarding whether the project is a low-risk or high-risk investment opportunity. In this image above from the DRC’s recent report about fellow Blockchain Festival Vietnam attendee Kyber Network, DRC issued a total grade of 76, a risk level of Low, and a A-level project rating.
What Types of Information a DRC Crypto Rating Platform Report Analyzes
Following the brief summary section, each report delves into more detail about how the listed grades and ratings were determined. First, the report shows an overall scorecard describing how the committee determined the grades for each of the individual project areas. Here is one example of how this looks:
As you can see, the committee values some project qualities over others when issuing grades. Here, for example, the committee’s overall Business Plan grade is influenced more by the committee’s views of Kyber’s business solution analysis and market analysis than it is on their opinion of the project’s governance structure, information disclosure and risk management procedures.
How DRC Committees Support DRC Ratings in their Reports
On top of this, the DRC report provides more extensive long-form analysis that fleshes out the reasons why it arrived at certain scores and elaborates on the committee’s specific project concerns. Here, for example, are the detailed reasons underpinning DRC's Technical Solution grade for Kyber:
In elaborating upon the factors that influenced Kyber’s final Technical Solution score, the DRC committee raised concerns about the project whitepaper’s vaguely-described approach to user privacy and anonymous protection while praising Kyber’s enhanced token conversion features.
How You Can Access Free DRC Reports and DRC Rating Information at Blockchain Festival Vietnam
If you’ll be in Ho Chi Minh for Blockchain Festival Vietnam, you won’t need over $20,000 to access all of these comprehensive due diligence analyses. As a major Blockchain Festival Vietnam sponsor, DRC will be providing all attendees detailed DRC rating report downloads valued at $100,000 for free. This will help give all investors in attendance the opportunity to quickly analyze the investment viability of the various ICO projects presenting at Blockchain Festival Vietnam—all without facing a steep learning curve in the process. At the same time, attendees will be able to see firsthand how DRC’s approach to blockchain technology can help them make better blockchain investment decisions--especially during DRC CEO Selina Lin's presentation "How to Identify Valuable Projects in the Blockchain Industry," which will be held on the Festival's second day. While you're at it, make sure to check out Kyber Network and other cutting-edge cryptocurrency projects to learn about how blockchain technology is shaping and evolving.
How You Can Access Free DRC Rating Reports on Kyber Network and Other Projects
Attendees can access these benefits at Blockchain Festival Vietnam, which will take place from May 24-25, 2018 at the Gem Center in Ho Chi Minh City, Vietnam. Tickets are available to purchase online at https://www.blockchainfestival.com/ . Before purchasing, make sure you’re using the signup code WRITE50 to receive a 50% discount on tickets to the event—and also save hundreds of thousands of dollars in free reports about major emerging blockchain projects from an emerging crypto rating agency.
This article was developed in collaboration with Huobi Pro. Huobi Pro is a leading cryptocurrency exchange that currently empowers millions of users across 130 countries trading over $1 billion worth of assets. Huobi Pro’s innovative SMART-Chain Evaluation Model provides users with strategic insights to help cryptocurrency investors evaluate cryptocurrencies in ways unmatched by other exchanges. You can learn more about Huobi Pro at https://www.huobi.pro/.