Dubai’s fund of crypto rating platform Evai.io saw $1 million in 24 hours

    02 Dec 2021
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    Dubai-based crypto rating platform Evai.io announced that its EvaiStableFund saw $1 million worth in tokens staked into the new fund within 24 hours of going live.

    Launched on November 22, the new EvaiStableFund, gives investors the opportunity to yield a fixed 15% APY with an additional 10% per annum bonus. In addition, the fund does not lock investors in for a minimum term nor charges any management fees.

    “EvaiStableFund has been designed to utilize our proven Evai rating technology, powered by AI and machine learning, to provide competitive returns for investors with minimal risk. We are excited to offer investors of all levels and budgets a gateway into cryptoasset investment,” said  Matthew Dixon, Evai co-founder and CEO.

    Evai.io is a crypto rating platform that evaluates live crypto asset data daily against several key economic factors using AI and machine learning, awarding each asset one of 11 possible ratings, from A1 to U.

    “The Evai platform combines peer-reviewed academic research and Artificial Intelligence with a machine learning, self-correcting and autonomous rating protocol, removing human bias,” said Professor Andros Gregoriou of The University of Brighton, co-founder, and chief research officer at Evai. “Evai continuously learns, maintains, and remains decentralized to produce unbiased ratings.”

    Having offices in London and Singapore, the company chose to locate its headquarters in DMCC Crypto Centre Dubai. Evai sees the mission of its platform in a democratization of the crypto market with over 1,000 assets listed and rated and thousands more assets to be added in the coming months.

    Earlier this summer, digital asset manager Grayscale Investments, in partnership with CoinDesk Inc., announced the launch of a CoinDesk DeFi Index, according to Grayscale CEO Michael Sonnenshein. The CoinDesk DeFi Index is a new product from TradeBlock, one of the first firms to develop an index for professional investors to track Bitcoin when it launched the XBX Index in 2014.

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