David WardICO team member replied on 18 Nov 2018
Disappointing that the reviewer has made no effort to understand the business before rating it - to help clarify any confusion:
1) STOs: The CDRX utility token and CDR securitised tokens are different. The CDRX utility token is the 'master key' to the full universe of CDR tokens. CDR tokens are backed by underlying assets. CDRX utility tokens are not backed by any underlying asset or cashflows. This is outlined in the white paper, explainer videos, website and icobench summary.
2) Stocks: The reviewer may prefer to trade whole stocks, but would be in a very small minority. The majority of investors are eager to benefit from cheaper costs, faster settlement and fractional ownership - buying into companies previously out of reach (among a considerable number of other benefits). Lesser benefits already underpin billions of dollars of global investment committed to tokenisation of assets. This is explained extensively in the white paper, explainer videos, website and icobench summary. Issuers also stand to benefit enormously from our approach, as demonstrated by the fact that we are approached frequently by large companies wanting to list on the platform as soon as possible.
3) Technology and capability: 120 years of combined financial services experience spanning trading, sales, structuring, technology, ecommerce, legal and regulatory - from tier-1 investment banks and the largest trading floors in the world. This is outlined in the white paper, one pager and website. I would refer the reviewer to our youtube channel for an example video of what to expect from the technology.
As the reviewers linkedin profile shows no subject matter expertise, it is disappointing he did not read the white paper, one page summary or the website - which are also available in both simplified and traditional chinese.
He is welcome to contact us for further clarification. Alternatively for an independent opinion, he may wish to contact Clemen Chiang (above) who is the most qualified of the reviewers to date.
1) STOs: The CDRX utility token and CDR securitised tokens are different. The CDRX utility token is the 'master key' to the full universe of CDR tokens. CDR tokens are backed by underlying assets. CDRX utility tokens are not backed by any underlying asset or cashflows. This is outlined in the white paper, explainer videos, website and icobench summary.
2) Stocks: The reviewer may prefer to trade whole stocks, but would be in a very small minority. The majority of investors are eager to benefit from cheaper costs, faster settlement and fractional ownership - buying into companies previously out of reach (among a considerable number of other benefits). Lesser benefits already underpin billions of dollars of global investment committed to tokenisation of assets. This is explained extensively in the white paper, explainer videos, website and icobench summary. Issuers also stand to benefit enormously from our approach, as demonstrated by the fact that we are approached frequently by large companies wanting to list on the platform as soon as possible.
3) Technology and capability: 120 years of combined financial services experience spanning trading, sales, structuring, technology, ecommerce, legal and regulatory - from tier-1 investment banks and the largest trading floors in the world. This is outlined in the white paper, one pager and website. I would refer the reviewer to our youtube channel for an example video of what to expect from the technology.
As the reviewers linkedin profile shows no subject matter expertise, it is disappointing he did not read the white paper, one page summary or the website - which are also available in both simplified and traditional chinese.
He is welcome to contact us for further clarification. Alternatively for an independent opinion, he may wish to contact Clemen Chiang (above) who is the most qualified of the reviewers to date.
Benchy