TokenInsight Cryptocurrency Rating Update 2020 Week #20
TokenInsight added 5 cryptocurrency projects in total to our project rating database: Elitium, Paxos PAX Gold, Constellation, Innovation Bioresearch Classic and Aladdin.
Elitium team tried to use the blockchain smart contract to simplify the complex process of yacht charter. The managers of the team have a rich entrepreneurial experience. The CEO has initiated five entrepreneurship before this. The CTO has nearly 20 years of work experience, but some of them do not have blockchain experience. The consultant team is average in strength. The problem solved by the project is not important enough, and the specific disclosure is not transparent enough. EUM is a token issued by the project, and the secondary market performs generally. Considering the status and development prospects of the project, the rating for Elitium is CC with a developing outlook.
PAX Gold is a cryptocurrency where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vaults in London. The project team has a high level of technology and management and has a wealth of backgrounds in blockchain and industry. Paxos is a state-chartered trust company regulated by the New York State Department of Financial Services (NYDFS), the NYDFS has approved and regulates PAXG. The project has passed the security audit of CertiK, and the code has passed the security verification. Considering the status and development prospects of the project, the rating for PAX Gold is B with a positive outlook.
Constellation developed a distributed ledger technology to securely validate and protect a series of big data. The team members have rich industry backgrounds and the team consultant team has good overall strength. The influence of the project and the popularity of the media are general. DAG is the token issued by the project, its distribution and unlocking mechanism are clear. At present, and the token’s comprehensive performance in the secondary market is poor. The market value is about 14 million USD, the price fluctuation is relatively stable, and the monthly trading volume ranks low. Considering the status and development prospects of the project, the rating for Constellation is CCC with a stable outlook.
Innovation Bioresearch Classic (INNBCL) aims to cure HIV. The revenue model of the project is based on In-App ads and car sales before they can cure HIV successfully. INNBCL is issued in April 2018 with $1.23 per token. The current price of INNBCL is $1.98e-9 (roughly $0). The team has no blockchain background, and the roadmap of the project is ceased after November 2018. Considering the status and development prospects of the project, the rating for Innovation Bioresearch Classic is C with a negative outlook.
Aladdin is designed to secure initial coin offering investments，intends to provide a blockchain with high-throughput, high scalability, and high availability for Decentralized Applications. The comprehensive technical strength of the project is strong, and the team members are professional and meet the needs of each position. But this project has no obvious highlights, introduction part only piles up the concept, and doesn’t disclose any key information. ADN is a token issued by the project, the token‘s comprehensive performance in the secondary market is very general. Considering the status and development prospects of the project, the rating for Aladdin is CC with a negative outlook.
Disclaimer:
This list is based on publicly sourced information and is published in good faith for general information purpose use only. TokenInsight does not make any warranties about the completeness, reliability and accuracy of this information. This list does not constitute an offer or a recommendation to purchase, hold, or sell any cryptocurrencies (tokens) or the engagement of any investment activities.
Based on the research and analysis of the latest market data and our integrated rating system, we aim at providing investors with accurate and timely project information and helping them effectively avoid risks.
About TokenInsight
Founded in 2017, TokenInsight is a Leading Data & Tech Driven Blockchain Financial Institution. TokenInsight pioneered a complete blockchain industry classification system, covering more than 1,600 projects, releasing more than 300 rating reports, and conducting in-depth studies into 10 major industries.
TokenInsight’s data, ratings, and research reports have access to more than 70 data platforms worldwide, including Messari, Delta, Binance Info, AICoin, Huobi Info, etc., with a monthly PV of over 30 million. TokenInsight has officially joined the Data Accountability and Transparency Alliance (DATA), initiated by cryptocurrency ranking site CoinMarketCap.
If you like our reviews, please follow us on:
💡Official website: https://www.tokeninsight.com
📌Official LinkedIn page: https://www.linkedin.com/company/tokeninsight/
🔎Telegram: https://t.me/TokenInsightOfficial
🗺Twitter: https://www.twitter.com/tokenInsight
