Introduction
We are at a tipping point where the entire world's economy can be revolutionised by the amazing technology called blockchain. But the difference this time, is it is not countries and banks and wealthy individuals behind the revolution, it is common people like you and me, leading the revolution to decentralise the economy.
Now, the ball is in our court. We can either be part of this inevitable revolution, or stay on the sidelines and enjoy the show. Either way, one thing’s for certain, we are in a time when the common man has been entrusted with power never imaginable before. It’s up to us what we plan to do with it.
But as with every groundbreaking responsibility, there are the bad actors in the system. Under the guise of "blockchain technology" these bad actors raise millions of dollars in funding using ICOs (Initial Coin Offerings) without any intention of working on the idea.
Traditional stock markets have rating agencies like Standard & Poor's (S&P) and Moody's to rate and vet different stocks, but what does the cryptocurrency market have? The answer:
Ignite Ratings!
Ignite is the world’s first decentralised investment information portal, eventually to be packed with trading features only seen on Wall Street’s best trading desks. Ignite harnesses the power of its community and the wisdom of the crowd to intimately review and rate assets and upcoming projects in an honest and frank fashion, creating the Ignite HIVE.
Based on these ratings, the Ignite Index makes investments and the community is rewarded by allowing them to take the lion’s share of the trading gains, executed on the back of their opinion.
Let's take a look at 5 reasons why I think Ignite is the best ICO I have seen till date.
1. The Idea
Ignite is solving a massive problem. The lack of information. As an investor in many ICOs myself, the first problem I notice is the lack of credible information. By bringing a community that is incentivised by trading gains together, we can ensure we receive top quality information, before anyone else receives it. Knowledge is Power!
2. The Team
No matter how good an idea maybe, the success of the idea depends on a strong team. And after personally interacting with the team over the past few months, I can vouch that the Ignite team is not just here for a pump and dump, they are here to solve an issue for the entire crypto community.
Just take a look at some the articles written by them, for instance, did you know the first IPO ever held was that of the East India Company?
https://medium.com/igniteratings/financial-markets-to-crypto-markets-history-repeats-itself-again-9e3881a23d7d
3. Adjusting to Market Conditions and Taking Feedback
It is not enough to have a strong team, we need a team that takes constructive feedback and implements it. The crowdsale was initially set at 20,000,000 IGNT tokens, but on feedback from the community, the cap was halved to 10,000,000 tokens, while keeping the price same!
This to me is the first sign of success as the community is shaping decisions in a true decentralised manner, and it shows the team is always responsive and pro active.
4. Media Awareness
We all depend on media to aid us in our decisions, and Ignite has been featured on many publications like NASDAQ, CoinTelegraph, TokenMarket and ICOBench, in a positive light.
From the NASDAQ release:
As all community members share the common goal of profit, interests are fully aligned across the community to ensure that individuals rate well and rate honestly. The end result is a decentralised ratings agency which, according to swarm theory, should provide superior returns, while providing real-time ratings information to the industry.
5. True Diversification
The Ignite Index will only invest a maximum of 1 percent of its current net asset value into any one asset, which makes the token itself an incredible diversification tool in its own right, as it provides token holders with exposure to the highest-rated ICOs, based on truly decentralised insights.
This is going to be a massive idea and will definitely revolutionise the entire cryptocurrency landscape.
Bonus: The first 4000 addresses whitelisted will receive 10 IGNT (0.0667 ETH value) just for whitelisting! I believe this is another great sign that IGNT requires investors to complete PICOPs verification, since it guarantees the legitimacy of investors.
Crowdsale Price: 1 ETH = 150 IGNT
All the details you will need: https://igniteratings.com
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