Crypto Research Platform ICOCrunch Partners With Indorse To Ensure Legitimacy Of ICOsbr>
Founded in 2017 by David Moskowitz and Gaurang Torvekar, Indorse is a decentralized professional network which aims to build a social network where the user is in charge of their own data, rather than a third party. It allows users to display their skills on the network, which are then confirmed by the blockchain. It also allows endorsements and pays for any activities they do with the company’s IND tokens. The company raised $9 million during its initial coin offering (ICO) in September 2017.
ICOCrunch provides a platform for cryptocurrency investors, both experienced and amateur alike, to make sound investment decisions on the latest ICOs. Through the provision of daily project analysis, the platform enables investors to select ICOs that reflect their beliefs and risk appetite.
Under the partnership, Indorse will assist ICOCrunch in adding an additional layer of legitimacy to ICO projects on their platform. Indorse will validate the team members’ and advisors’ connections with the project using blockchain technology. Once a project has been verified, they will then receive a badge of recognition on the ICOCrunch listing index.
Through the integration between the two platforms, ICOCrunch said that it would be better equipped to give the public trustworthy advice on ICO participation, providing much sought-after credibility and legitimacy for ICO investors.
Gaurang Torvekar, CEO and Co-founder of Indorse, said that it is remarkably simple to fabricate “team members” or “advisors” as sitting on the board of a blockchain startup without first obtaining their consent. He added that currently, this is dangerously prevalent within the space, and without anyone to monitor fraudulent ICOs, this could adversely affect the innovation and creativity that the blockchain space thrives on.