Ignite Ratings ICO

New initial coin offerings are hitting the market EVERY SINGLE DAY!!!

As we continue to witness this historical ICO movement, it is crucial that investors do their own research and due diligence on any potential ICO investment. The number of scams is also on the rise!!!

I rarely find a decent project to write about, but I was lucky enough to run into Chris Cousins, the Founder and Director of Ignite Ratings.

Ignite Ratings is the world’s first, truly decentralized and self-regulating investment intelligence and ratings platform powered entirely by crowd opinion.

Check out this project and read the white paper here — https://igniteratings.com

This project is officially on my watch list. I have worked with several of the ignite ratings team members in the past, and I know they can take this product to market.

The concept is great, the team is world class and the token economics are attractive.

I recently spoke to Christopher Cousins at the Gibraltar Cryptocurrency meet up and he was nice enough to answer some questions for my readers.

I tried not to ask any obvious questions that can be answered by reading the white paper, so I suggest you still read this white paper from start to finish.

I hope you find value in the following Q&A:

Question — What inspired the concept and when?

Answer — 18 months ago, I was introduced to ICOs as a capital raising tool and was fascinated. I noticed that the majority of ICOs produced an amazing return, but struggled to find quality information to determine which were worth investing in. It’s common to look at paid reviews from promoters and opinions from anonymous users in telegram chats and forums, but being honest both are impossible to rely on. You’re not going to invested cause Cryptobob101 says you should've.

In traditional finance, we have a huge amount of resources available to research an opportunity and at least you know it’s coming from a regulated or accountable source. However, these resources are flawed due their centralized nature. Just look at the role ratings agencies had in the financial crisis, S&P and Moodies facilitated the issuance of the majority of toxic securities, which brought the world to its knees.

Our goal was to develop a decentralised investment intelligence product, which could add sustainability to the ICOs and disrupt traditional ratings in the process. It took over a year to get all the elements in place to make Ignite a viable solution. ICOs are the wild west of finance but the purest form of capital raising we will see in our lifetime, we wanted to make a solution that would facilitate investment in all digital assets.

Question — Who wrote the white paper and where?

Answer — I started to write the initial whitepaper in April 2017 it was then passed over to Ignite co-founder Damon Barnard to improve on. It was not until June that we cracked the concept of how to incentivize users properly to avoid becoming a security. Itâ€™s been a long road but we finally got there with a game changing solution.

Question — Where do you plan to headquarter and build this business?

Answer — Ignite is Gibraltar’s first home-grown ICO, with our entire management team based and working out of Gibraltar. We have received tremendous local support for Ignite and we plan to run the company out of Ocean Village.

Question — In summary, why should my readers invest in your ICO?

Answer — Ignite is the world’s first decentralized investment intelligence platform. You can find trusted information on all blockchain based assets and use this information for your own trading activity. However, we also rate our users, so that only quality information is displayed, as inactive users or low-quality information is discarded.

Ignite provide an incentive to token holders to supply active quality information. Upon producing a positive rating Ignite will invest in the rated asset. When that asset produced a return, and is liquidated 50% of the corresponding gains is shared with the active token holders. The ignite fund while 30% is reinvested into our fund. As the Ignite index increase in capital the income potential for token holders increased thus the token has true utility and even increasing value.

Question — What are your 2 largest challenges as a company?

Answer — Awareness. The non-regulated ICO window is closing and it seems that every project wants to get over the line before the new year, which makes for a lot of projects to compete with.

Bitcoin rally- Oddly enough the BTC rally has taken the wind out of ICOs, why invest in an ICO when you can make 50% a month holding on to BTC

We recently decided to postpone our ICO until January 2018. Our focus now is educating the market about Ignite and continue platform development. It’s our goal to be a leader in the regulated space and thus we must be 100% above board in terms of governance and compliance rather than rushing to ICO and thinking about it later as many have.

Question — Chris — which individual do you most look up to in the crypto space

Answer — I really look up to Patrick Bynes of Overstock.com as a block chain visionary and entrepreneur. For years Patrick has been advocating for blockchain based financial solutions, which is one reason we are working so closely with T- Zero to deploy our trading technology. It’s our vision that Ignite will be used by most exchanges to vet the investment quality of crypto assets prior to listing.

Question — Where is your tech team based? Are you outsourcing token development?

Answer — The tech team is based in Gibraltar, the UK and North America. T-Zero is developing our entire trading solution with provisions for smart routing and our own private internal exchange.

Our token has been developed in house and is audited by two experienced block chain auditors. We are using a EC-20 token with only 80 lines of code, we don’t want to outsource such an important part of our business for security reasons.

Question — What will happen to tokens that are not sold?

Answer — Our entire raise is17M USD net. We are confident this will be entirely oversubscribed due to interest already indicated.

Should we have unsold tokens they will be locked for 12 months with only 5% available each quarter for distribution. We plan to have secondary offerings and sell tokens in increments of up to 5% of tokens in circulation every quarter.

This will not dilute the pricing of IGNT but rather we believe increase the value. 80% of the secondary token sale will go into the ignite index, which increase the platforms income potential thus increasing value of each token.

IGNT tokens serve as proof of stake on the IGNT platform- in order to receive the benefits of your token they must be deposited on the platform. This serves the function of proving our users own the token while limiting token supply, which in turns creates scarcity and further drives the value of IGNT upward.