CV VC Global Report 2022 recognizes the UAE’s crypto rating platform Evai

Dubai-based fintech company Evai has been recognized as one of the top-performing blockchain projects globally, according to the new CV VC Global Report 2022. A new report reveals 700% year-on-year growth as investments in the blockchain sector surge.

The report, issued by Crypto Valley Venture Capital, based in Zug, Switzerland provides an overall synopsis of the booming sectors of the crypto space. Its experts highlight the activities of top organizations within the more prolific areas and features perspectives.

The CV VC Global Report 2022 notes Evai’s contribution to the industry in the ‘Service Provider’ category for the creation and deployment of a human-free rating mechanism. As well as, enabling vibrant growth in the global ecosystem.

Evai has developed the unbiased crypto rating platform, which evaluates assets through AI and machine learning before awarding each crypto a rating that is free from human intervention. Launched in April 2021, the Evai rating platform lists over 1,000 crypto assets along with their market cap, 24-hour trading volume, current asset prices and current ratings.

Matthew Dixon, Evai CEO, said of the inclusion in the report:

“The CV VC Global Report is well-renowned the world over for recognizing projects in the blockchain field that are really striving to push the industry forward. It is a huge honor to be the only crypto company in the GCC that has been included in this prestigious annual report.”

Initially, the Evai rating platform was conceived and developed by Matthew Dixon and Professor Andros Gregoriou, the prominent UK finance academic and advisor to the Bank of England, in response to the events leading up to the 2008 financial crash.

“The crisis at its core was caused by the greed of rating agencies that marked multiple unstable mortgage CDOs (Collateralized Debt Obligations) as a triple-A grade. Our goal was to create a rating system for this new asset class, crypto, that is completely free from human bias,” explains Professor Gregoriou.

“The CV VC Global Report lists the world’s foremost blockchain companies from twelve sectors. A very important driving sector is that of Service Providers; these companies enable vibrant growth in the ecosystem and power many solutions,” added Tracy Traschler, MD of CV Labs, CV VC’s ecosystem manager. “Evai’s unbiased rating platform is an exemplary provider, it has harnessed the technological advancements in AI and machine learning, therefore, it constantly optimizes the rating system to provide investors with impartial data to inform decisions. Such innovation and excellence in service provision make Evai a worthy highlight in our Global Report.”

Evai, based in the Dubai Multi Commodities Centre (DMCC), is due to launch its own token this month, which rewards investors with profit shares in addition to organic price appreciation.

On November 22, Evai launched its EvaiStableFund, which allows investors to yield a fixed 15% APY with an additional 10% per annum bonus without investments locking or charging any management fees. According to the crypto platform statement, the fund saw $1 million worth of tokens staked within 24 hours of going live.

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