Listing variables

Descriptions of all the objective variables used to list and organise the initial coin offering market.

Tropyc presents the fundamentals of every initial coin offering listed on the platform.

Our focus is to provide the tools for anyone to benchmark and assess the viability of initial coin offerings, tokenised assets and cryptocurrencies by providing crucial information including financials, snapshots, roadmaps, technology and more.

Here is a list of every variable we present on our platform:

Overview

  • Start, end: Date for which the sale is open.
  • Incorporation: Year and place where the company is registered.
  • Industry: Classification that refers to the project’s activity.
  • Currency accepted: Cryptocurrency and fiat accepted as a form of payment for the sale.
  • Stage of development: Current stage of product development during the sale. Projects can be at either the ideation, prototype, MVP, users or revenue stage.

Financial

  • Number of sales: Amount of public or private sale events targeted to investors that occurred for the digital assets (including the current one).
  • Unit of account: Currency used as the monetary unit of measure that dictates the capitalisation of the project. An ICO may want to raise $1 million or 1000 ETH depending on its unit of account.
  • Total supply: Maximum number of tokens that will ever exist, whenever the supply is capped.
  • Network valuation (hard capitalisation): Maximum valuation target of the network. It showcases what is the proposed valuation of the entire supply of tokens after proposed investment.
  • Sale valuation (hard capitalisation): Maximum valuation target of the current sale. Any incremental investment would be refused and refunded back.
  • Soft capitalisation: Minimum valuation target of the current sale or network depending on the object. If a soft cap is not reached by the end of the event, the sale is considered as a failure.
  • Token and asset distribution: Breakout of how the tokenised asset is being disbursed, amongst investors and other stakeholders as well as cost units. The information is shown in both percentage and monetary value (fiat and/or crypto)
  • Fund allocation: Break down of how the fund raised are going to be spent by the team. The information is shown in percentage of the hard capitalisation.

Token

  • Functions: Snapshot of what utility and functionality the token provides to its holders. This gives clarity to the prospect token holders on what exactly he or she can expect from the asset.
  • Blockchain: Platform on top of which the token is issued. A native platform means the token has built (is building, looking to build) its own blockchain.
  • Consensus: Method to secure transactions on the blockchain: Proof-of-Work, Proof-of-Stake, Proof-of-Burn, Byzantine Fault Tolerance to name a few.
  • Token issuance: Date when token will be disbursed to investors, whether immediately, at the end of the sale or after the sale.

Set-up

  • Investor verification: Whether the founding team has put in place a Know Your Customer process for prospect investors. Process can be inexistent, partial or a fully fledged KYC.
  • Legal advisor: Whether the project and digital asset has hired an external legal advisor.
  • Smart contract auditor: Whether the project and digital asset has hired an external smart contract auditor.
  • Vesting time: Whether the tokens given to founding team and internal stakeholders are time locked on a smart contract, after the end of the sale event.
  • Wallet: Whether the digital asset has a working wallet at the time of the sale.

Partnerships

  • Corporates partners: whether corporates relevant to the project's industry have tied up with the project, prior to the sale.
  • Mainstream media: whether mainstream media houses have mentioned the project in an article.
  • Crypto media: whether relevant cryptocurrency media have mentioned the project in an article.
  • Alliance: whether the project is part of industry specific global or domestic alliance.
  • Event: whether the project has attended or is planning to attend a blockchain, FinTech, or cryptocurrency specialised event
  • Incubator: whether the project has undertaken an incubation program
  • Government: whether the project has created strong relationship with a country's public institutions - irrespective of its domain.
  • Venture capital: whether the project has received financing from top venture capitalists.

Roadmap (TBA)

Milestones with a timeline forecast provided by the project.

Team (TBA)

Key team members and personnel involved in the project along with their LinkedIn profile and pictures.

Rating

Kindly refer to our rating framework for more information.