When suitable candidates are identified or recommended through reputable accelerators with a successful track record of grooming successful startups, we will take them through the following process:
Stage 1 – General due diligence
Startups are assessed based on the strength of their business, i.e. the problem they are attempting to solve, their customer base, the market size potential, current performance, etc. Concurrently, background checks are conducted to ensure the legitimacy of the company and its founders.
Stage 2 – Business and technology due diligence
When the startup clears Stage 1, they will be matched with our business advisors who will conduct further in-depth reviews with the company to go deep into their business models, technology, financials and fundraising requirements in order to structure the terms of the ICO. This is akin to the due diligence done by venture capitalists when putting up a case for investment.
Stage 3 – Investment banking best practices
When the business and technology due diligence is completed, the terms and conditions of the ICO are reviewed by our governance committee for the application of rules from investment banking best practices.
Stage 4 – Approval committee
The last stage for the startup to clear is the final decision by the approval committee. At this stage, the ICO whitepaper, complete with the terms and conditions of the ICO are submitted to the committee for their endorsement to proceed to list. The approval committee is made up of four  members with successful entrepreneurial backgrounds.
Stage 5 – Token due diligence
Once the startup obtains the final approval, our technical team proceeds with the generation of the tokens based on the terms and conditions stated in the ICO whitepaper. Prior to its release, these tokens are submitted and screened by the regulator to ensure that they contain all the business terms and conditions promised prior to being release on the launch date.