At BlockShow Europe 2018 in Berlin we met the?Alethena team (Alexander Thoma, co-founder & CFO, and Benjamin Rickenbacher, Chief Scientific Officer) who eagerly talked about their project.
Alethena team: Benjamin Rickenbacher, Chief Scientific Officer, and Alexander Thoma, co-founder & CFO
The idea to create a rating agency came to Alethena founders back in 2016 when they started to invest in ICOs. Since that time they have noticed that not all ICOs are as transparent as investors would like them to be, and many investors suffer due to lack of proper due diligence.
Rating agency
Alethena is a Swiss-based startup, which strives to become an information and research gateway for cryptocurrency investors. Once logged in, customers will be able to read short reports on various blockchain platforms. To get access to thorough and in-depth analysis users will need to pay a fee.
Alethena is trying to differentiate itself from already existing ICO rating agencies. The team is going to create an agency that implements rigorous procedures during all stages of analytical process. They are determined to become the S&P of the crypto world.
Benefits for investors
Alethena is getting accreditation from Switzerland, US and German regulating bodies. Such credible rating agency will provide benefits not only to individual but also to institutional investors who want to enter the crypto-assets market. Institutional investors have to adhere to internal compliance, which in many cases states that it’s only possible to invest in assets reviewed and rated by an independent analytics agency.
Research process and rating methodology
There are thousands of blockchain startups but not all of them will be rated. Alethena will require a flat fee from the company that will need to get a rating. The initial rating will be assigned during the pre-ICO stage. Subsequently Alethena will continue to monitor the company like rating agencies do in the traditional finance sector.
Alethena team has developed an in-house due diligence methodology that entails 4 dimensions (technical, business, governance, legal), broken down into 17 clusters and 62 factors. The team has already released an MVP (minimum viable product), and issued the first rating couple of weeks ago for SwissRealCoin, a platform that aims to tokenize commercial real estate.
Depending on the success of the ICO, Alethena is going to hire up to 5 more analysts, who will provide additional support in doing the research.
Alethena team will be in close communication with each evaluated project. It’s not possible to obtain all the information about blockchain startups through the web resources. Hence Alethena analysts will have to dig deeper by establishing conference calls with technical and business developers. Under NDA they will request information that startups may not disclose publicly, like legal documents, technical documentation, expected cashflow and other data.
https://www.youtube.com/watch?v=BqDhbjjmFso
Economic model
The income will be partly generated from startups pursuing ?a rating, as well as from customers looking for a detailed research?access.
The internal ATH token itself is not a utility but an asset token, which represents a share in Alethena, providing voting and dividend rights as well. Benjamin said that it is the first token in Switzerland that is fully compliant with local regulation as asset token.
Alethena future and decentralisation
“During the first stage Alethena will be a centralized rating agency,” said Benjamin “In the long-term we want to integrate the community into the process of conducting the research. But firstly the team needs to build a solid model of how to evaluate startups and only then slowly decentralize it.”
Benjamin and Alexander believe that it’s possible to get more insightful information from a crowd than from some analysts. There are people in the crowd who possess in-depth knowledge of some spheres and can share their view. Thus, people can rate each other depending on how much value they can bring to investor society. The higher trust rating the person has, the more value to the ecosystem he brings.
Quick facts
– The ICO started June 6th and will continue for 3 weeks.
– Soft cap is 3 million CHF, hard cap is 30 million CHF.
– The rating scale on Alethena platform is from 1 to 10, investment grade is 7 and above.
– MVP is available for free, anyone can register via the web interface and check out the platform.
– Blockchain startups will need to pay 15,000 Swiss franks to get an initial rating. Afterwards, each periodic revision will cost 3,000 Swiss franks.
– ATH token holders will be able to vote on introducing new steps into rating methodology.
So far our investigation has been analytical. We have seen Plotinus acquire, one after another, the elements out of which his system has still to be constructed. The first step was to separate spirit from matter. They are respectively distinguished as principles of union and of division. The bodies given to us in experience are a combination of the two, a dispersion of form over an infinitely extended, infinitely divisible, infinitely changeful substratum. Our own souls, which at first seemed so absolutely self-identical, present, on examination, a similarly composite character. A fresh analysis results in the separation of Nous or Reason from the lower functions of conscious life. And we infer by analogy that the soul in Nature bears the same relation to a transcendent objective Nous. Nous is essentially pure self-consciousness, and from this self-consciousness the world of Ideas is developed. Properly speaking, Ideas are the sole reality: sensible forms are an image of them impressed on matter through the agency of the world-soul. But Nous, or the totality of Ideas, though high, is not the highest. All that has hitherto occupied us, Nature, Soul, and Reason, is316 pervaded by a fundamental unity, without which nothing could exist. But Soul is not herself this unity, nor is Reason. Self-consciousness, even in its purest expression, involves a duality of object and subject. The notion of Being is distinct from the notion of oneness. The principle represented by the latter, as the cause of all things, must itself transcend existence. At the same time, it is revealed to us by the fact of our own personal identity. To be united with oneself is to be united with the One. ¡°What?¡± She was strong, slender as she was, and she freed herself almost without effort. And yet he would not be warned. "Don't you love me?" he insisted, as though she had not already made it plain enough. "Don't be cross, Maria," pleaded Annabel. "I didn't know nothin' of it. You know I've been down to see the Robinses, and intended to stay till tomorrer, but something moved me to come home today, and I just happened to take this train. I really didn't know. Yet," and the instinctive rights of her womanhood and her future relations with Si asserted themselves to her own wonderment, "I had what the preachers call an inward promptin', which I felt it my dooty to obey, and I now think it came from God. You know I ought to be with Si as soon as anybody," and she hid her face in her hands in maidenly confusion. trouble. Send down a detail at once for Shorty Elliott, Co. Wilson's first instructions were as to Shorty's personal appearance. He must get a clean shave and a hair-cut, a necktie, box of paper collars, a pair of white gloves, have blouse neatly brushed and buttoned to his throat and his shoes polished. As soon as he saw that he was likely to remain at Headquarters for some time. Shorty became anxious about that letter from Sammy, and after much scheming and planning, he at last bethought himself of the expedient of having the Chief Clerk write an official letter to Sam Elkins, the postmaster and operator at Bean Blossom Creek Station, directing him to forward to Headquarters any communications addressed to Corp'l Elliott, 200th Ind. Vols., and keep this matter a military secret. "Well, I have stirred up a yaller-jacket's nest for sure," thought Shorty, rather tickled at the odds which were arrayed against him. "But I believe I kin handle 'em until either the train pulls out or the boys hear the ruction and come to my help." She felt that he would come¡ªhe would return to her in the reaction that swung him from Rose. But would she be able to keep him? She did not feel so sure of that¡ªfor that did not depend on her or on him, but on that mysterious force outside themselves with which they had both already struggled in vain. It was only lately that her longing for love and freedom had become a torment. Up till a year or two ago her desires had been merely wistful. Now a restless hunger gnawed at her heart, setting her continually searching after change and brightness. She had come to hate her household duties and the care of the little boys. She wanted to dance¡ªdance¡ªdance¡ªto dance at fairs and balls, to wear pretty clothes, and be admired and courted. Why should she not have these things? She was not so ugly as many girls who had them. It was cruel that she should never have been allowed to know a man, never allowed to enjoy herself or have her fling. Even the sons of the neighbouring farmers had been kept away from her¡ªby her father, greedy for her work. Tilly, by a lucky chance, had found a man, but lucky chances never came to Caro. She saw herself living out her life as a household drudge, dying an old maid, all coarsened by uncongenial work, all starved of love, all sick of, yet still hungry for, life. "And is this your present?¡ªWhat is your name?" "But, take care," said Margaret, "that you say not whom it is for." But Margaret was many minutes ere she could do more than kiss his hand, and wet it with her tears. At length, when her emotions of joy and surprise had in some degree subsided, she replied, that Holgrave was still living a villein at Sudley. HoMExiao77av
ENTER NUMBET 0017 www.ztechain.com.cn mulu9.com.cn yylogos.com.cn www.lilin9.net.cn www.lacan5.net.cn www.jlfhol.net.cn 385531.org.cn maman0.com.cn yueba6.com.cn duxue6.net.cn
