Hello, Coinecta family! We’re excited to announce our third collaboration, a partnership with CRCI — a pioneer in applying innovative fundamental analysis research methodologies.
This blog post will introduce CRCI and explain the purpose and significance of our partnership.
Let’s begin with a short overview and introduction of CRCI.
The CRCI is a first-principles approach to DeFi fundamental analysis.
CRCI offers a comprehensive and easily accessible visual index of DeFi projects in order to meet the need for standardized analytics and informed decision-making in the Cardano DeFi ecosystem.
It serves as a proposed solution to bridge the gap between the current state of DeFi and its undiscovered potential, with a focus on transparency, user protection, and accountability.
“CRCI reviews each DeFi project’s capacity to communicate, execute and provide their solutions with transparency while keeping user protection and ecosystem health as priorities.”
The CRCI Score establishes a standardized process for evaluating DeFi projects, providing a comparative analysis that aids users in conducting their own research. It highlights a project’s adherence to transparency, user protection, and accountability, offering a snapshot of its standing against CRCI’s rigorous standards. This score not only guides users in making informed decisions but also serves as valuable feedback for project teams, encouraging continuous improvement in their operations.
Coinecta is a fully decentralized and open-source token launch platform built on the Cardano blockchain and powered completely by smart contracts.
“Crowd-funding With Benefits.”
Coinecta is a platform dedicated to assisting innovative projects who want to launch their tokens in a fair and transparent manner without relying on VC’s.
Our comprehensive token launch platform streamlines the process of raising community funding, resulting in quicker and more cost-effective launches with advanced transparency.
We achieve this through the use of smart contracts, which ensure tokens are securely managed and distributed without human intervention and manipulation, minimizing the chance for teams to exploit community funds. If a team doesn’t fulfill their promises, the token’s value will decrease when their vested tokens become accessible.
Purpose of this partnership
In the legacy financial world, there is an established ecosystem of companies and services that act as consumer protections, such as audit and review platforms, regulatory bodies, and compliance standards. These mechanisms provide oversight and ensure that financial products and services are operating in a transparent and accountable manner.
The cryptocurrency ecosystem lacks a consumer protection environment, which is exponentially more necessary given blockchain’s self-sovereign asset management capabilities.
While there are efforts to develop regulatory frameworks and compliance standards for cryptocurrencies, the decentralized nature of these assets presents unique challenges. As such, it is important for investors to be diligent and conduct thorough research before participating in cryptocurrency opportunities.
The goal of this partnership is to advance community protection and transparency for upcoming Coinecta launches. It will enable us to conduct a more thorough analysis of projects prior to their IDO launch, meaning that a scoring system will be in place before the contribution begins, offering information for our community that might help them decide whether or not to participate in an IDO.
We put a greater emphasis on creating advantageous tokens with utility and a strong foundation that are focused on developing the ecosystem. CRCI will provide a score for each project, representing the summary of the content and criteria of the CRCI review process. This score will be displayed on Coinecta’s platform, offering an additional layer of transparency and accountability to our users.
In conclusion, this partnership is an essential step towards improving transparency and community protection for upcoming launches on Coinecta. CRCI only looks at information that is available to the public when reviewing DeFi projects. This makes sure that the CRCI Score is based on information and content that can be checked out by anyone. This is yet another feature that we will include to keep our community as protected as possible.
This is one of many partnerships we’re looking forward to, as we believe together we can build a better Cardano ecosystem.
Thanks for reading, see you next time!