Xriba was created to bridge the traditional financial frameworks with that of the Cryptocurrency Market and to bring an increased level of transparency and accountability to all markets.
In traditional businesses, when companies receive investment and startup capital they are subject to an increased level of transparency and accountability.
Traditional businesses remain transparent and accountable to their investors and supporters by releasing quarterly statements, working hand-in-hand with investors maintaining clear communication of road maps and timelines, taking advice and input from investors and other applied tactics. Each traditional company works differently, but a common denominator that they all have is quarterly statements that inform their investors and supporters of their current financial standings.
This accountability and transparency is completely missing from the cryptocurrency space. Nearly all cryptocurrency companies fail to produce quarterly statements and rely on their marketing team’s tactics to convey the companies current standing to both their investors and the public. This creates a transparency problem in the cryptocurrency space and makes it very difficult to properly evaluate a cryptocurrency company. The current method of evaluating a cryptocurrency company is very subjective and leaves much room for interpretation. The current method involves:
• Examining the Team, team members and advisors history;
• Examining the technology offered by the company and predicting the impact that technology will have on the technology sector;
• Evaluating the partnerships of the cryptocurrency company to determine how connected they are in the overall market;
• Looking at the current market cap of the cryptocurrency and personal discernment to determine if that company is under/over valued compared to its market cap;
• Examining the overall network traffic and number of transactions that occur on that cryptocurrency blockchain.