Evai.io is pioneering an unbiased cryptocurrency ratings platform that will utilise artificial intelligence and machine learning to evaluate thousands of digital assets available on leading exchanges globally.
The concept for the Evai ratings platform was formed in May 2019 over a cup of coffee between Prof Andros Gregoriou and his then MSc student Matthew Dixon. The pair discussed the failure of financial ratings during the 2008 economic crisis and debated ways in which the learnings could be applied to the fast growing cryptocurrency sector. The idea to create a reliable and unbiased method of rating over 5,000 digital assets was formed from that moment.
Over the last year, the initial idea has evolved from an exploratory White Paper into a fully-fledged business that has attracted over £1m in funding. The sellout funding rounds have enabled the Evai team to fast track the ratings platform development with the MVP due to be unveiled later this year.
The Evai ratings platform known as “The Bridge” will provide an unbiased rating system, defining accurate performance and risk measures of cryptocurrencies, exchanges, brokers and projects. The liquidity research undertaken by Professor Gregoriou and the collaborative learning environment created at the University of Brighton have been fundamental to the development of the Evai ratings. The Evai.io Founders are committed to developing a long term partnership with the University of Brighton and are also open to collaborating with other Universities across the UK.
Over the last six months, the Evai.io business has embraced the challenge of decentralised working with the wider team and advisors spread across multiple regions including the Midlands, Yorkshire, Brighton and London. Ian Hamilton, Co-Founder and Jenny Loynton, Legal Advisor are two members of the wider Evai.io team who are based in the West Midlands and have brought a wealth of experience to the development of the business alongside Nick Hamilton, Director of Communications.
As the number of people investing in cryptocurrency continues to grow, the Evai.io business will be well-placed to offer valuable insights to the 2.6m UK consumers and 100m worldwide that hold digital investment assets.