Lee Hyun-woo, Co-CEO of Cross-Angle, “We will strive to protect investors by expanding the use of the virtual asset fundamental evaluation report”

Crossangle, which operates the publicly disclosed data-based virtual asset information portal Xangle, said that it will expand the scope of use of the’Jangle Credit Rating’ report, which evaluates virtual asset fundamentals, and improves information transparency to enhance investor protection. It was revealed on the 23rd.

As for domestic exchanges, Kobit and Gopax, as for overseas exchanges, are Japan’s Liquid Global, Indonesia, and the representative exchanges of Thailand use Jangle’s credit rating evaluation for project discovery and listing screening.

Jingle’s credit rating report is a service that evaluates fundamentals in six categories, including team competency, financial sustainability, and business performance, regardless of price fluctuations. It is an evaluation service that allows investors to check project fundamentals, differentiated from other evaluations that reflect market performance grades such as price fluctuations. Since launching the credit rating service in April of last year, Jangle has evaluated more than 140 projects to date.

As for domestic exchanges, Kobit and Gopax officially refer to Jangle’s credit rating report during listing review, and Liquid Global Exchange, which is licensed by the Japanese Financial Services Agency (JSFA), also uses Cross Angle as an official third party auditing. The credit rating is being used. In addition, Indonesia’s representative exchange, Indodax, and Thai exchange Bitcurve are also using evaluation. Major domestic exchanges such as Bithumb and Coinone also refer to project information and data provided by Jangle when monitoring the market, and Coinone also announces the basic project information disclosed in Jangle when the project listing is announced to strengthen information transparency. They are trying to protect investors.

In Korea, where the altcoin market is particularly developed, Jangle believes that evaluation services for projects before and after listing are more necessary, and plans to actively expand services for market consolidation and investor protection.

Jangle’s research team conducts preliminary research, direct Q&A with the project, additional research, and supplementary work for due diligence before writing an evaluation report on the project. To this end, the project collects information disclosed in blogs, white papers, and communities, and directly checks external audit data such as financial statements, smart contracts, various audit reports, and legal opinions. In addition, a survey on the past history and career of the management is also conducted.

Lee Hyun-woo, Co-CEO of Cross Angle, said, “In more than a year after launching the credit rating report service of Jangle, there are an increasing number of partners who are making efforts to protect investors by reinforcing information transparency and using them for public listing review and post management officially and informally.” In keeping with the institutionalization of the virtual asset industry through the enforcement of the Special Funds Act, we will actively cooperate so that our partners can systematize investor protection using evaluation reports and private disclosures.”

FINTECHPOST