Best ICO of 2018! - Ignite Ratings (Updated Insights)
It's been a month since I wrote about 5 reasons you should contribute to Ignite Ratings. (https://steemit.com/ico/@blockchaineco/the-best-ico-i-have-seen-till-date-ignite-ratings)
But just like everything in the crypto world, a lot can happen in one month! We saw the value of Ethereum hit all time highs of 1400$ and subsequently settle at 1000$. But what does it mean for contributors of Ignite?
What is Ignite?
Ignite is similar to traditional rating agencies like S&P and Moody's, but with one MAJOR difference: Decentralization.
A wise man once said you can judge if an ICO succeeds or not with one question. Does the idea achieve decentralization? Ignite achieves this in a grand fashion.
By decentralizing investment intelligence across the world, Ignite solves major problems faced by traditional ratings agencies.
- No corruption/influence from single parties
- Combat biases from traditional ratings agencies
(Eg. https://qz.com/982240/india-says-ratings-firms-like-sps-moodys-and-fitch-are-biased/) - Cut past the hype of a product and make investments that are sound
- Disrupt traditional rewards for ratings.
But how is a user rewarded?
Instead of charging a flat fee review an ICO, an ICO's success and the success of the prediction made by users is DIRECTLY tied to the success of the Ignite Hive Index, which is an index of the top rated coins on the platform.
I cannot stress how important this point is. It completely eliminates any chance of users gaming the system, and any chance of ICOs/Coins trying to bring in a bias to the ratings.
Why did you contribute to Ignite?
Frankly, I have never come across an ICO with so many green flags.
Here are few of the endless reasons I am entirely sold on Ignite.
Absolutely brilliant founding team with tons of experience in the financial space, but some of the most humble founders you might come across. Patiently answering each and every question from investors is no mean feat, but these guys do it with detailed answers too!
Rewards! If you already invest in ICOs and coins, you already put in tons of research before an investment. What if you could be rewarded for sharing that research? Brilliant!
Tokenomics! The tokens in circulation were originally 20M, which were reduced to 10M tokens after the Ethereum increase. That's an instant 50% increase in value! Moreover, Ignite is providing an additional 10% discount for the next 5 days.
You can also use the referral code 'arunphilips' in your profile for an additional 2.5% bonus.Many partnerships have already been announced, TZero (trading technology), Coinfirm (Compliance) and Private Transaction Network (PTN).
Wrapping Up!
Ignite Ratings is a no-brainer, and I predict investors who miss out on the crowdsale will purchase Ignite Bags in huge numbers once the token is exchanged.
Remember, use the referral code 'arunphilips' in your profile for an additional 2.5% bonus and comment below with any questions/queries and I'll be happy to help in any way I can.
Find out more here
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