SWITZERLAND LAUNCHES BLOCKCHAIN-ASSET RATING AGENCY

Switzerland is taking ICO to the next frontier by launching a rating agency that will effectively rate all blockchain-asset ICOs in her crypto-sphere. Alethena, an independent Swiss blockchain-rating agency, is the first of its kind coming out from one of the most powerful financial epicenters of the world. The Agency will monitor and rate all ICOs with its self-regulating mechanism, focusing primarily on long-term blockchain ventures. With a smart-looking 21-man team behind the project, Alethena is set to disrupt countless fraudulent ICOs in the Swiss crypto ecosystem just as the blockchain technology is disrupting the global financial services industry.

History

The proliferation of ICOs around the world is becoming worrisome with many of them just orchestrated to defraud unsuspecting investors. Indeed, many investors have fallen prey to ICO scams, prompting governments all over the world to caution their citizens against investing in ICOs. Switzerland has had her fair share of the ICO scandals in recent times. Consequently, there’s a compelling need to sort out the wheat from the chaff. To this end, efforts were geared toward boosting investors’ confidences in ICOs and encouraging more ICOs to spring up in the European country. Today, the efforts have culminated in a project known as Alethena.

Initial Coin Offering

Alethena has launched its ICO, and the ICO rounds are on now. From their official website, the Token Sale started Thursday, June 6 and will end on the midnight of June 27.

Business Model

Alethena rates ICO and post-ICO projects using a combination of technical, legal, business and governance factors. With the framework built to analyze and audit ICOs, Alethena separates the good from the bad. The Agency also lists companies independent of their sizes and reputations, helping investors to make informed decisions. Alethena delivers that meeting point between ICOs and investors where trust is no issue.

Benefits

While many investors may be puzzled about the likely benefits of investing in some ICOs without clear-cut plans, Alethena leaves its prospective investors with no doubt as to the benefits they stand to get for investing in it. In a country where ICOs are flying all the crypto-sphere, Alethena becomes critical for a number of reasons, such as letting investors know what is worth investing in and where to invest.

Noteworthy is that Alethena also allows ICO companies know their stand in the market, helping them know key areas that they need to improve. The project is designed to provide online real-time rating of ICOs.