What methods do you use while evaluating the index rating ?
The main idea behind our project was to make information about ICO start-ups transparent and accessible for everyone. We intended to collect ratings by different ICO rating agencies so that the potential investors could compare the marks
After performing a deep study of many ICO rating websites and analyzing the information they publish we came up with top 5 sources of information that are reliable and have objective ratings.
These sites are:
1. icorating.com
2. foxico.io
3. icobazaar.com
4. icobench.com
5. trackico.io
These 5 agencies have a considerable amount of projects and analyze many different parameters of each ICO such as:
Product, its status, MVP, whitepaper
Team members, advisors, mentors and experts
Market demand, capitalization, competition and related risks
Working business model, its transparency, agreements with investors and licenses
Token ecosystem, number of tokens for the team and ESCROW-agent
Marketing campaign and its coverage
We also give our own compound mark that is based on the ones by the top ICO rating agencies. We calculate the arithmetical average and then add or take off some points depending on the number of the sites where the ICO is rated.
Sometimes we can slightly change this rating if we find some additional information that can give a better understanding of the project and probabilities of its success or fail. For example, we may increase the rating if we see that a project has established partnership with some big players on the market and this factor is not reflected in any of our primary sources or we can mark a project with a lower score if it suddenly faces charges from authorities.