Quote from: Crypto_Police on December 27, 2017, 09:21:22 AM

Wow this thread has exploded over the holidays! Cheesy

I've been following the Ignite Ratings journey from over a month now, and here is a summary of some of my answers, from an investor's perspective, to few questions asked here.

Q: Can I contribute anonymously? Why PICOPS?
A: Yes you can contribute without PICOPS, but doing verification is like a KYC (Know Your Customer) service, so you know where the money invested is coming from. In many countries where large exchanges like Binance, Poloniex etc. are based regulations will be getting stricter and those companies will be required to authenticate users and funds with KYC.

Now, for listing new coins, either these exchanges would have to verify the identity of all ICO contributors, which would be a very painstaking process - so they will incline to not listing the coin. But since Ignite has already done KYC for most of it's investors, the exchanges will have more faith and are inclined to choose listing this coin over say, one that has not done KYC for it's investors.

This is just one of the many benefits! And Ignite is providing 10 IGNT (0.0667 ETH) tokens to people who do the PICOPS verification (0.024 ETH fee) so that more than makes up for the cost Cool

Q: What is the brain behind Ignite's ratings?
A: The answer is simple! It is us, the users. By not depending on centralized agencies (Like how S&P and Moody's works) and not depending on tech like AI (which can still be manipulated) the entire ratings system is decentralized. Each user's reputation is tied to their ratings, which is a fool proof mechanism to ensure only the best of recommendations get through. For sure, I think there will be an initial period before we can filter the users with the best reputation, but once the initial ratings are out, there is no way reputation can be gained without successful trades!

Q: Can the team influence the ratings then?
A: Regarding the team influencing ratings, all ratings and everything the team or a user does is stored in the ledger so any member can look up, all events taken by an user - so while we do want the team to be active on the platform they wont have any more influence then any other member. Equal influence for all regardless of you being part of the team or not!

Q: Is the team responsive?
A: I have to say I am part of the Telegram group, and this team, Chris, Damon, Max and everybody in the team have just won us over with the confidence and credibility with which they answer questions. If there's anything urgent do join the telegram group here https://t.me/igniteratingsICO and they will answer very quick!
Right now it's the holiday season but they're still working super hard on getting this ambitious project running!

Hope I could answer some queries from a user's perspective, and do ask me if I can help anymore!

And here is a small post I put if you need more reasons to be convinced Wink

https://steemit.com/ico/@blockchaineco/the-best-ico-i-have-seen-till-date-ignite-ratings

Great post there!!! Thanks for doing a nice FAQ for us.

Any questions guys please post up- we are online and here to help.

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