2017 has been a peak year for the ICO market as even the ban initiated by China’s central bank didn’t prevent the number of new projects from skyrocketing. It has become extremely hard for an investor to choose a trustable ICO and be sure that it would work out and not turn out to be a scam. By the end of this year a big number of new ICOs team members has already participated in at least one project so it makes it easier to evaluate their successfulness as ICO runners.

ICObench has implemented its own system of rating for the people of blockchain — the ICO Success Score. It is a combined evaluation of all ICOs a person (or an agency) is or was taking a part in. The more successful these ICOs are and the more of them there is the higher the ISS would be.

The first version of the ISS was released on October 17, 2017. At first it was a simple algorithm that added up the ratings of all ICOs in which a person has participated. At this time, it was helping our bot Benchy with team evaluation in the ICO Analyzer.

After that, the score has been improved and we have provided a detailed explanation of how it is evaluated. This week we have updated the algorithm, adding the ROI factor to the equation. Thus, starting today the ISS is calculated as follows:

A person (or an agency) can receive up to 15 points for each ICO they have participated in.

For each ongoing or upcoming ICO a person (or an agency) receives a number of points that is equal to the ICO rating.

For each ended ICO a person (or an agency) receives up to 5 points:

One point is given to an ICO with a rating bigger than 3.0;

Additional point is given to an ICO with a rating bigger than 4.0;

One point is given to an ICO that is trading on at least one exchange;

One point is given to an ICO that has raised some funds;

Additional point is given to an ICO that has raised more than 10,000,000 USD.

For each ICO that is trading a person (or an agency) receives up to 10 points:

First, the returns on investments (ROI) for all ICOs trading are calculated and the median of this data set is saved;

For each ICO with a positive ROI above the median a person (or an agency) receives 10 points;

For each ICO with a positive ROI below the median a person (or an agency) receives an amount of points calculated as a proportion of the ICO ROI to the median multiplied by 10 to be set between 0 and 10;

For each ICO with a negative ROI one point is deducted from the total amount.

Top 5 registered users on ICObench by the ISS

The ICO Success Score is the sum of all points for all ICOs the person (or an agency) participated in. It is applied automatically to the people which were and are participating in the ICOs. However, the score is updated once a day so it cannot be seen immediately after the ICO has been published. Any other types of expertise or projects in the field of blockchain are not taken into account yet. We do, however, plan to include other important factors to the score, such as media and scientific publications and other kinds of contribution to the blockchain community.

You can learn more about the ISS in our FAQ.

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