Jury Online…First in the World to Issue an “ICO Analyzed Certificate”

 

The ICO Analysis Certificate, which will analyze and evaluate ICO and future blockchain business prospect for the first time in the world, will be issued by Jury Online. 

On August 5th, Jury Online, a blockchain&cryptocurrency evaluation system-based business which has global arbiters(experts who analyze and evaluate different companies) officially announced that it will issue certificates of the businesses it verified chronologically. 
According to Jury Online, the evaluation criteria and details of cryptocurrency are largely classified into three categories: business model and sustainability, technical foundation and scalability; and marketability (actual application in the real economy).

In the case of business model and sustainability, Jury Online will evaluate the followings: △Project's concept and business model are related to existing Biz and its application in the real economy. △Business sustainability in terms of sales and profit of business and accounting transparency △business competitiveness, which can be further divided into business stability, revenue, profitability and customer acquisition △long-term road map, which will be determined by specific Biz promotion plan and analyzed by the use of procurement funds and company’s compliance with the planned development schedule.

In the case of technical foundation and scalability, Jury Online will evaluate the following: △The difference in algorithms from the evaluated project and other projects or previously-used technology △The appropriateness of technology in the blockchain economy (Jury Online will perform encryption technology conformity test) △Reliability, security and safety of the project △Technology versatility or extensibility (various use of value transactions), △privacy △blockchain agreement algorithms to check for malicious nodes △The reliability and quality test of the decentralized application △The implementation of smart contracts and check for any vulnerabilities △technological completion that satisfies GitHub (Algorithm Core Logic, Storage, Development History, etc.) △The development team (each developer’s experience and skills) and the company’s value and purpose.

In the case of marketability (practical application in the real economy), Jury Online will evaluate the following: △Market Demand based on how much cryptocurrency has issued and the principles of supply and demand △Existing and potential customers △Market situation, which can further be divided into potential growth of the business in the market and community to support the growth △the economical efficiency of the blockchain technology and its effect on the market △The target market and brand recognition based on definition and characteristics of the target market, potential to expand the target market and invade the market, brand recognition and reputation △Planned Strategies on the marketing mix, acquisition, maintenance and sales plan.

Jury Online claimed, “based on the aforementioned criteria, we will analyze and evaluate ICO projects and issue an evaluation certificate and detailed analysis on the business.”

Bum Seok Shin, Jury Online’s Korea branch manager further added, “it is possible that Jury’s ICO analysis certificate will serve as a safety pin for the investors who have been harmed by the scam coins.”

 

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