ChainBLX Accredited companies enjoy the following advantages during and after the accreditation process:
In response to the increasing demand of private, public, and government entities, the following solution is provided for the benefit of all players within the cryptocurrency, blockchain and investment communities.
ChainBLX launched a self-regulatory entity, granting opinion-based accreditation, mediation and arbitration services for ICOs, ITOs and STOs, January 22, 2019 in Davos, CH.
The project commenced development of the platform and methodology, embracing the spirit of the blockchain community in January 2018, based upon discussions within the One World Blockchain Event in Davos.
Information about the self-regulatory project
Efficient markets need freedom! At the same time markets have to be regulated to protect their participants. To achieve this, we as a community must self-regulate, therefore introducing a minimal professional standard. This reduces the risk of excessive burdensome governmental interference and will safeguard all participants in the ICO, ITO, STO markets.
We set forth a professional standard as a community based upon voluntary membership and an opinion-based accreditation process (developed and endorsed by the community itself).
This standard protects both investors and companies issuing ICOs, ITOs, STOs as well as others by regulating the quality and correctness of the information provided. To do so we follow a simple but efficient process which is “put one’s money where one’s mouth is.”
The accreditation can never be purchased, only granted based upon its merits. Those seeking accreditation have to commit a bond which guarantees the accuracy of the information provided. Part of the bond will be used to reward bounty hunters which submit successful claims against the whitepaper.
Accreditation Statistic as of December 4, 2019
Total White Papers and News Articles submitted: 16
Accreditation denied: 1
Accreditation pending: 3
Claims filed against news and white papers: 22
Claims granted: 36%
Claims denied: 64%
Average awarded Claim $143
Average pay out per claim: $107
ChainBLX reaches a daily global audience from over 50 countries.
Top 5 Countries daily visitors:
United States, United Kingdom, India, Canada, Germany