DAO governed protocols for collaborative evaluation of ICOs/TGEs.
Read the shortpaper!
Fraudulent ICO's and empty promises.
Navigating the ICO landscape is increasingly becoming harder!
In 2017 the crypto-world saw, that doing an ICO
had become increasingly popular as a funding method for start-up's worldwide. Unfortunately, up to now, ICO's are not always up to standard
and sometimes even straight forward fraud. Governments scream for regulations, and investors need better tools to find safe token-investments. ICO-Rating platforms seem to be a solution, but crypto-investors ask themselves: Is trusting a single centralized rater the solution? These could be biased, bought or incorrect. On the other hand crowd-rating produces too much noise to get good signals.
The solution is
Decentralized.
Unbiased.
Individual.
BlockRate believes an unbiased platform has to start with the proper ownership. As long as a single entity owns the rater the rating is not trustless. That's why BlockRate is a platform that will entirely be owned and governed by the community of token-holders. The core of the platform is a DAO with a voting-based democracy system in which all token holders together decide how the platform develops. On top of that sits the rating platform. Ratings will be done by any individuals of the token-holder community, but to filter out the noise every user has her/his own filter settings, so that she/he only get the signals she/he really values. This allows any investor to search for her/his individual signals within upcoming ICO's.
The ideal tool to find ICO investments that are not fraud.
Signal your own ideas with the power of the community:
- Filter settings allow investors to signal for hundreds of details as signals
- Any token-holder can become rater
- Raters get paid based on the accuracy of their rating (incentivizes for better ratings)
- and Raters get paid on the amount of filter usages of users (incentivizes raters to build reputation and attract their own followers onto the platform)
- Users pay under one USD for one time usage of the platform (applying filters once)
- DAO democracy insures that the platform stays unbiased and free of single opinions
- No Founder ownership (no tokens for the project initiators)