Cindicator, the decentralized analytics platform powered by hybrid intelligence, announced that their crowdsale was completed successfully, meeting the campaign’s hard cap of $15 million.
What makes the Cindicator crowdsale so remarkable isn’t that it managed to reach its hard cap ahead of schedule – many recent ICOs can make that claim – but rather the unusual format of the campaign.
What is a Whitelist Token Sale and Why is it a Big Deal?
Unlike most ICOs and token sales that are open to anyone, Cindicator chose to implement a Whitelist model. Under this type of campaign, those who wish to participate had to apply for it first. Applicants were reviewed by the project team and then manually selected for inclusion in the crowdsale.
Bitcoin pioneer Charlie Shrem was particularly effusive in his praise of Cindicator’s decision:
— Charlie Shrem (@CharlieShrem) September 26, 2017
The Cindicator team explained its decision to use the Whitelist model in a recent blog post:
We created the system of whitelists to select those participants who really can strengthen our ecosystem, and who are truly interested in our product and technology, rather than trading speculation. At this stage, we collected detailed information (in form of applications) about participants and how exactly each of them intends to create a synergy with us. We were pleasantly surprised how many interesting people are willing to help us create the ecosystem of Hybrid Intelligence.
By limiting the number of participants and manually reviewing and selecting applications, Cindicator was able to weed out potential ‘pump and dump’ investors in favor of those who are genuinely interested in the project and its long-term benefits.
About the Cindicator Platform
Cindicator’s analytics platform is an intuitive asset manager that uses ‘hybrid intelligence’ – a combination of human and AI – to give investors the best advice on what to do with their money. The platform collects investing data from many of the industry’s top analysts to create a comprehensive list of predictions and then uses artificial intelligence to process the volumes of data into actionable predictions. Using both of these methods, Cindicator aims to be the top asset management system on the market.
For more information about Cindicator please visit their official website. You can also be an “intellectual investor” in the platform by downloading the Cindicator app and using it to make financial predictions. Contributors are rewarded in CND tokens. The app is available for both iOS and Android devices.
What do you think of the Whitelist token sale model? Will it help or hurt token values and future ICOs? Let us know in the comments below.
Images courtesy of Cindicator