The DRC Cryptocurrency Rating Agency Gives An Overall Good Score To Kyber Networks
As new blockchain projects start popping up by the day, it has become really hard for investors to distinguish good ICOs and scams. Cryptocurrency rating agencies have been helping smart investors make the correct decisions about such projects by doing the hard work of elaborating and assessing the whitepaper, team members, roadmap, vision, and technology to give a rating of the project. The Weiss report, DRC, and ICO rating are some of the most popular and accurate ones.
The DRC is an independent rating agency rating agency that grades and categorizes different digital assets current performance, success, and roadmap. For their next rating phase, they will be attending a blockchain festival in Vietnam hosted by Kyber networks and Huobi pro. While at the festival they will rate five of the hottest cryptocurrencies of 2018: Kyber, NEM, Achain, DASH & EOS. The blockchain festival brings together cryptocurrency enthusiast to the region that needs it the most (Southeast Asia). The two-day event will host Keynote speakers like bitcoin early investor Jeffrey Wernick, Selina Lin – Chairman and CEO of DRC, and many more investors and technological blockchain pioneers.
Cryptocurrency investors looking to read DRCs full report have to pay a fee of $20,000 to receive an overall assessment. The rating Kyber got on their whitepaper was an overall score of 76/100 that consisted of different categories of the project overview, project team, business plan, technical solutions, and economic mechanisms.
DRC states that Kybers whitepaper is complete in giving the most information possible about their project. Important aspects missing in the whitepaper where: information disclosure, and audit system, fund expenditure plans, risk assessment and control means.
According to the report, Kyber is a
“digital currency exchange system that provides APIs, and contract wallets. It enables users to seamlessly accept payments made in various tokens. through the trading of derivatives within Kyber, users can even hedge the price risk of crypto assets. The Kyber structure can be easily integrated with other DAPPs. Kyber aims not only to build a decentralized exchange but also to create an ecosystem which integrates with multiple wallets, platforms and projects”
The technical side got a 74/100 and their best performance was in their project overview (95/100) and project team 80/100). Kyber was also given a “low” risk level to invest in.
During the blockchain festival, attendants will be able to download and receive the full report for all projects ($100,000 fee) for free while getting other benefits during the festival. Students are able to receive free tickets and ebitnews readers are able to receive a 50% discount code: WRITE50.