REGA ICO rating and analysis

rega ico rating

REGA ICO rating

Business (18 of 20 points)

The project has grown from the Lexi Club startup (http://lexiclub.org) and the iNSTANTLOAN scoring system, being a logical development of these two projects.

Product readiness (5 out of 5 points)

The project has grown from the Lexi Club startup (http://lexiclub.org) and the iNSTANTLOAN scoring system, being a logical development of these two projects.

The Platform prototype is already up and running and we are using it for own created products including Lexi Club mutual Pet health crowdsurance and REGA gadget protection. The prototype is already running and for REGA gadget protection.

At the same time, iNSTANTLOAN is a fully working scoring and underwriting system used by major players in the banking sector and insurance market in Russia and the CIS. 

White Paper (6 out of 10 points)

White paper is available only in English. The document contains a detailed description of system algorithms, but the information about marketing and market entering strategy is only in general terms. The document is difficult to be studied by the basic user.

Roadmap (8 out of 10 points)

The project road map shows the period until end of  2020.  The team presents 4 development plans, which implementation will occur depending on the outcome of the ICO. The plan look like realistic and very detailed.

Legal (1 out of 5 points)

No information about company registration.

Team (16 out of 20 points)

The project is conducted by a Russian-speaking team of 6 people. The team are well-qualified. The team has a good experience in FinTech, Financial and insurance  businesses.

Advisory board is small and consists of 3 people

  1. Vince Chan, Founder and CEO of UnLearn
  2. Igor Ryabenkiy, Managing Partner in AltaIr
  3. Hannes Shariputra Chopra, General Director of Sberbank Insurance

The team of the project perfectly understands problems of this market and gives good descriptions of solution ways. Blockchain technologies and smart-contracts smoothly feed in to problems solving strategy in the insurance market.

ICO terms (3 of 5 points)

Tota l​​emission​: 3,000,000 RST (800,000 – early bird, enthusiast; 30,000 – presale)

Token​​distribution​:

  • 50% – for sale during the ICO
  • 40% – REGA Platform
  • 5% – Advisory
  • 5% – Board and Bounty
  • For​​sale​: 1,500,001 RST (50%)

Funds​​allocation​:

  • 40% – Development
  • 20% – Marketing;
  • 15% – Operations;
  • 15% – Services infrastructure;
  • 10% – Super pool capitalization.

Token applying (4 of 5 points)

REGA Risk Sharing platform will use smart token, based on Bancor protocol (Bancor) to provide funding to the project and to build the REGA Expert community.

There are several ways how REGA Token will increase their value besides the token price increase due to the high demand on the token market:

  • The crowdsurance product on REGA Risk Sharing platform will pay the expert fee to the RST token holders by transferring 3% (subject to change by voting) from each contribution amount using the PAY method
  • The crowdsurance product on REGA Risk Sharing platform will increase the RST reserve by transferring an amount that left after the deduction of the operation expenses from the product support fee using ADD method
  • The REGA Super Pool will increase the RST reserve by transferring part of smart contract account balance in cryptocurrency by the end of each year using ADD method

ICO Promotion (12 of 20 points)

 Promotion of the ICO occurs with the help of a bounty program. Tasks for obtaining rewards are standard: Signature campaign, Articles campaign, Twitter campaign, Translations campaign,  Community campaign, Telegram campaign

Some press releases (cointelegraph, bitcoinexchangeguide) and several conference (BLOCK-CON Blockchain Convention).

Not enough for powerful promo.

rega ico rating 

Total ICO REGA rating  : 73 out of 100 points.

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