Born in 2017 TokenData is the result of an in-depth reflection and long-term work. Here’s our story.
When in 2015 we started to hear about the Consensys project - https://thebkp.com - it was like everything we knew collapsed. We then dig into the Blockchain subject and we felt like a new world was opening its doors to us.
We also discovered the Ethereum project, and started to follow and support all the extraordinary programs that happened in 2016. The rocket was launched, and more and more companies started to finance themselves through ICOs. We therefore had to - due to the impossibility to support all new promising projects - start collecting data in the aim of evaluation. At this point, we realized that the traditional methods of analysis we used to know do not apply here. For two reasons: 1) Ecosystem stakeholders are very different from traditional investment circles and thus from decision-making behaviors. 2) The data available was not sufficient for the application of financial models and econometric analysis acknowledged.
We started to focus on Big Data methodologies and more specifically on artificial intelligence. Since 2017, we are collecting millions of data on the Blockchain sector. For this purpose, we are using the most advanced machine learning technologies and try to create alpha sources of alternative and derived data.
These past years saw an explosion in the number of companies funded through ICOs, and many of them turned out to be scams. While our tools allowed us to detect them relatively early, we realized that many contributors had been tempted by investments in projects that would never see the light of day. This type of behavior, if it lasts for too long and attracts too many fraudsters, can lead to an anti-selection phenomenon on the market and discourage contributors who wish to support the best ICOs.
That's why since the beginning of 2017 we have been working on the development of a platform to spread our work to as many people as possible, by offering reliable and complete datasets as well as by creating and improving new indicators to allow the eco-system of the Blockchain to grow even faster.