ICObazaar is a platform for blockchain startup and crowdsale evaluation. The company’s mission is to help potential investors in the crypto space make more informed decisions.
In addition to providing their own ratings for all ICOs on the platform, the company just this week launched a user review system to gather ICO evaluations from the crowd.
Now registered ICObazaar users can evaluate upcoming ICOs and potentially get rewarded in crypto for producing reviews that are valued by other users on the platform.
Why user reviews
ICObazaar believes that many potential investors in the blockchain space can provide real insight into the viability of a given project from a variety of perspectives, ranging from finance to business, to blockchain technology to cryptocurrency regulation/law.
The company encourages reviewers to research projects and write reviews that they themselves would find helpful when deciding whether or not to invest in a given ICO.
The idea behind the system is to reward users for producing rigorous reviews, where the value of the review is determined not by the company itself, but by other potential investors.
How it works
The review system offers any ICObazaar user a chance to earn crypto in exchange for evaluating upcoming ICOs. Each user can review any given upcoming ICO only once. Reviews are then up/downvoted by other users. On the ICO launch day, the five users whose reviews earned the most upvotes receive rewards in crypto, deposited into their ICObazaar accounts.
To start reviewing ICOs and earning crypto on ICObazaar, all you need to do is sign up on the platform and choose an upcoming ICO to evaluate. The rest is up to the crowd.