John Z: what is your definition of rating a project as legit, which aspect do you look? tokenmetrics, what a project doing , employees, structure etc?

Joo: Actually, we do not rate the project as legit. We have an information standard that projects have to fill in, and this has been built based on the existing framework of public filings in EDGAR, as well as S&P 500, Moody’s. Instead of rating the legitimacy, we indicate projects with a “level of disclosure” depending on how much of the information fields they completed.

Andre Cronje: Will this eventually be transformed into a standard? Something similar to ISO with actual accreditation?

Joo: That could be the case. As was the case for the traditional stock market (please research for more info on how the standard for the traditional stock market emerged!)

Michael Chen: So — for those in here who are also fans of other projects — how should they apply to be a part of Xangle’s disclosures registry and start improving their transparency?

Should they mail, PM you, or find an application form?

Joo: Thanks for this Michael, Yes new projects are welcome, and can send a request through our website xangle.io (you’ll find a request button at the bottom of the page) or you can PM me too. Also please note that Xangle is in Beta version, the website will renew with a new look by end of July so keep an eye out for that everyone! :)

Michael Chen: Do you have data btw on the level of disclosure for your projects? How many projects with rating S, how many projects with rating A etc.

Joo: Will have that ready once more projects are onboard. Many are currently in process so the figure today would not be meaningful I think :)

Jay: How about the background of the Xangle team?

Joo: We have 3 founders — a serial tech entrepreneur who is very competent and has built several successful platforms that is still popularly used in Korea. A former Samsung trader and Head of NAM business strategy for Samsung, who served as the Director of Nexon Venture Capital before co-founding Xangle. Finally, the last is also a serial entrepreneur who cofounded another blockchain company before joining Xangle.

Michael Chen: Hehe okay, any teaser on which projects gonna be disclosing some data soon ;)?