PUBLISH awarded highly esteemed BBB rating in recent Xangle Credibility Ratings report
27 April, 2021
PUBLISH is pleased to announce that is has been awarded a rating of BBB (‘Solid’) in a recently published Xangle Credibility Ratings (XCR) report.
Projects evaluated under the system are placed in two buckets: ‘Investment grade’ and ‘non-investment grade’. Investment grade is further broken down into ‘Prime’, ‘Solid’ and ‘Neutral’ ratings, while non-investment grade includes the ratings ‘Speculative’ and ‘Junk’.
The XCR system is based on a number of evaluation criteria including team capabilities, public disclosure activities, and results from external audits. XCR reports are often used by cryptocurrency exchanges, including Korbit and Coinone, when performing due diligence before listing tokens on their platforms.
Since launching the credit rating service in April 2020, Xangle has conducted evaluations of more than 140 projects. Other prominent projects receiving the same rating of BBB include Dash, Ontology, ChainLink, NEM, IOTA, and ICON.
Of note, PUBLISH received XCR’s highest rating of ‘Very High’ in the areas of ‘Disclosure Practices’, ‘Token Distribution and Volume Management’, ‘Technical Audit’, and ‘Legal Advisory”. It further received a rating of ‘High’ for ‘Token Use Cases,’ ‘Market Size’, and ‘Potential’.
Commenting on the report, Kwon Sungmin, the CEO of PUBLISH said:
“In light of the Korean government’s recent attitude towards cryptocurrency projects, we hope that this ratings report helps to bring assurances to the powers that be, all the while contributing to a safer and more secure cryptocurrency environment. At PUBLISH, we are committed to playing our part and observing regulatory guidelines as we continue to improve the news media ecosystem.”
CrossAngle (https://xangle.io) is a Singapore-incorporated company led by a group of professionals of data technology, investment, research, and crypto professionals. CrossAngle is in a unique position as one of the leaders in aggregating vital information about blockchain projects in the crypto industry which is active 24/7, and which calls no nation its home. Regulators and private entities alike can reference the data provided by CrossAngle for investigations, investment due diligence, and various other uses.