I love this idea! I think it's one of the best ICOs I have seen yet, for these reasons.
1. The Idea
Ignite is solving a massive problem. The lack of information. As an investor in many ICOs myself, the first problem I notice is the lack of credible information. By bringing a community that is incentivised by trading gains together, we can ensure we receive top quality information, before anyone else receives it. Knowledge is Power!
2. The Team
No matter how good an idea maybe, the success of the idea depends on a strong team. And after personally interacting with the team over the past few months, I can vouch that the Ignite team is not just here for a pump and dump, they are here to solve an issue for the entire crypto community.
Just take a look at some the articles written by them, for instance, did you know the first IPO ever held was that of the East India Company?
https://medium.com/igniteratings/financial-markets-to-crypto-markets-history-repeats-itself-again-9e3881a23d7dI agree with you that Ignite Ratings team should not pump and dump at market. Investors now are smart, and if this happen, crowded effective can make project fail. And the team solving a lack of trading information when they give a rating for every ICOs - actually they should have carefully at this working - because have someone can make a fraudulent here.