The world's first decentralised unbiased cryptoassets rating platform powered by AI & ML - White Paper - Evai
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White Paper
The world’s first decentralised
unbiased cryptoassets rating
platform powered by AI & ML
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI.IO
White Paper
Index
White Paper for participants in the digital token Welcome to Evai Page 4
ecosystem regarding quantification for investment purposes. Executive Summary Page 5
Academic Research Page 7
For Further Information Contact Email: info@evai.io Roadmap Page 8
UK Evai Ratings and Research Ltd, International House, 24 Holborn Viaduct, London, EC1A 2BN, United Kingdom.
UK Evai Ratings and Research Ltd, 2nd Floor, The Chocolate Box, 8-10 Christchurch Road, Bournemouth, BH1 3NA, United Kingdom.
EVAI Tokenomics Page 9 – Page 11
UAE Evai Ratings & Research DMCC, Cluster R, Jumeirah Lakes Towers, Unit JLT PH2 RET R5, Dubai, PO Box 336851, United Arab Emirates.
Evai Smart Contract Page 12
Singapore Evai Ratings and Research Ltd, Level 11, Marina Bay Finacial Center, Tower 1, 8 Marina Boulevard, Singapore.
Multi-Factor Ratings Page 15 – Page 17
Cryptoassets MVP Phase Page 18
Evai Team & Advisors Page 20 – Page 23
Evai Use Case Page 24 – Page 25
EVAI Wallet Page 28
Ownership Rights Page 30 – Page 31
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 2
White Paper
Out of the 9,000+ cryptoassets, few provide any
real value or use case. Many projects claim to have a
“working product,” though quite often that doesn’t
necessarily imply any tangible utility.
How can investors avoid the pitfalls within the cryptosphere
and identify valuable assets in the emerging marketplace?
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 3
White Paper Welcome to Evai.io Evai is a decentralised autonomous organisation (DAO) presenting a world-class decentralised rating system for Crypto, DeFi and NFTs that can be used by anyone to evaluate these new asset classes. Through a combination of peer-reviewed financial research and economic modelling, Evai provides decentralised and impartial ratings based on a multi-factor AI & ML model without human intervention. The Evai multi-factor model runs autonomously based on an objective method, with transparent criteria that are under continuous monitoring and development by harnessing the technological advancements in Artificial Intelligence and Machine Learning. We are constantly optimising the multi-factor ratings system to provide investors with impartial data to make an informed decision on their next investment. For more details www.evai.io © 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 4
White Paper
Evai.io Executive Summary
Evai is a decentralised autonomous As it currently stands there are no “Evai encourages
organisation (DAO) which harnesses universally accepted ratings for
the power of machine learning and cryptoassets, which presents an community engagement
artificial intelligence to deliver a unique industry-wide problem for investors due through a distributed
autonomous rating system without to ICO scams, pump and dump scenarios, token-based governance
human intervention. rug pulls and general lack of utility.
system that allows
Evai remains unbiased through the use Evai encourages community EVAI holders to vote
of this unique multi-factor model, which engagement through a distributed and reach consensus
currently uses 9 factors and 20+ indicators token-based governance system that
to rate all cryptoassets including, DeFi allows EVAI holders to vote and reach on platform upgrades”
and NFTs as well as any new emerging consensus on platform upgrades,
asset classes. security protocols and which
cryptoassets instruments are added
next to the ratings platform.
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 5
White Paper
Evai has been featured in
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White Paper
Founded on world-renowned research
Professor Andros Gregoriou of The University of Brighton, Co-Founder
and Chief Research Officer at Evai, has written over 80 leading research
papers and has presented his work to the CFA, FCA, London Stock
Exchange and is an advisor to the Bank of England.
His globally recognised work includes the 2011 Liquidity Asset Pricing Model
and 2019 Seven Factor Pricing Model, which was developed following analysis
of 80 years of data from all US listed securities between 1927-2014.
Professor Gregoriou has developed the unique multi-factor model to provide
an autonomous solution for universally recognised unbiased ratings on all
9,000+ Cryptoassets.
(2019) Prospect theory and stock returns - 7 factor pricing model
(2011) Trading frequency and asset pricing on the London Stock Exchange
Professor Andros Gregoriou
Co-Founder
Chief Research Officer, Evai
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 7White Paper
2021 Development Road Map
Voting Mechanism
Distributed token-based voting
for platform upgrades and governance.
Commercial API Data
Token Audit H.M. Treasury API data made available to third parties.
EVAI Token audited by leading Regulatory Consultation Cryptoassets Integration
blockchain security company Certik. Submission to H.M. Treasury to 300 Cryptocurrencies, NFTs and
support the regulatory development DeFi-based tokens added to the platform. Mobile Application Launch
Binance Smart Chain of the UK cryptocurrency sector. Ratings platform launched on
Dual layer integration completion. iOS and Android.
Launch of EvaiPool.io
Initial Exchange EvaiPool.io goes live. Presenting
Legal Opinion on EVAI Token Partner Announcement investors with an option to stake Exchange Ratings Integration
Kelman Law issue their US federal Confirmation of the Tier 1 EVAI Token into the pool for returns Ratings and analytics for cryptocurrency
securities legal opinion. Exchange IEO listing. on the portfolio. exchanges added to the platform.
JAN 2021 MARCH 2021 MAY 2021 Q3 2021
FEB 2021 APRIL 2021 JUNE 2021 Q4 2021
Tier 1 Listing Application IEO Launch Day 1st June – End of Early Investor Staking Cryptoasset Integration
IEO Tier 1 Exchange listing EVAI Token debuts on a Early adopters initial staking period ends 2,500+ Cryptocurrencies, NFTs and
application submitted. leading exchange. and investor wallets are unlocked. DeFi-based tokens added to the platform.
Academic Partnership Evai Ratings MVP 2nd Exchange Listing Launch of EvaiElite
with Peking University Go-Live to Public EVAI Token lists on another exchange. EvaiElite membership launches targeting
Evai signs a three-year academic Crypto ratings and analytics institutions and finacial corporations.
partnership with Peking University. beta platform goes live
Cryptoassets Integration
featuring Cryptocurrencies,
Prof Guy Liu, Head of Peking HSBC 300 Cryptocurrencies, NFTs and
NFTs and DeFi-based tokens: Central Bank Digital Currency (CBDC)
business school U.K. campus, DeFi-based tokens added
BTC ETH XRP LTC ADA Integration – Evai Development
joins the EVAI Ratings Team. to the platform.
UNI LINK LUNA AAVE SNX YFI SUSHI Team Discovery Phase.
CHZ ENJ SAND NFTX
Multi-factor Model Evai Ratings MVP Phase Launch of EvaiFund.io
Crypto, DeFi and NFT ratings and analytics platform EvaiFund.io goes live with a crypto
MVP incorporating six primary financial indicators. index tracker fund offering diversified
exposure to leading cryptoassets.
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 8White Paper
EVAI.io Tokenomics
Symbol: EVAI Soft Cap: $1 Million Circulating Supply: 3.43 Million Seed Sale: $475K
Price: $0.49 Hard Cap: $5 Million Current Market Cap: 1.68 Million Private Sales: $1.52 Million
Protocol: ERC20 Total Supply: 1 Billion Estimated Listing Date: May 2021 Public Sale: $1.15 Million
5% Advisors
10% Operations
10% Team
20% Marketing
25% Marketing
2% Seed
3% Private Sale
10% Token Use of Sale
Foundational
Reserve
Distribution Proceeds 30% Listing
& Liquidity
22.5% Research
Foundation
22.5% 35% Development
Ecosystem 5% Legal
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 9White Paper
Token Release Schedule
100
25% Marketing
% SALES OF TOKENS UNLOCKED
80
22.5% Ecosystem
22.5%
Research
60 Foundation
10%
Foundational
Reserve
10%
40 10% Team
5% Advisors
20 2% Seed
1.5% Private Sale A
0
1.5% Private Sales B
YEARS ONE TO TWO YEARS THREE TO FOUR YEARS FIVE TO SIX YEARS SEVEN TO EIGHT YEARS NINE TO TEN
OVER A 10 YEAR PERIOD
Private Sale B – 5.55% Monthly over 18 Months Foundational Reserve – 0.83% Monthly over 120 Months
Private Sale A – 2.77% Monthly over 36 Months Research Foundation – 0.83% Monthly over 120 Months
Seed Sale – 1.66% Monthly over 60 Months Ecosystem – 0.83% Monthly over 120 Months
Advisors – 0.83% Monthly over 120 Months Marketing – 0.83% Monthly over 120 Months
Team – 0.83% Monthly over 120 Months
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 10White Paper
Token Sale Structure ($EVAI)
M
Total Supply: 1 Billion EVAI
1.6
1.4 Initial Circ Supply: 3,437,936 EVAI
1.2
Seed Sale Price: $0.07 USD
1 $0.49
Private Sale A Price: $0.15 USD
0.8
$0.23
0.6
$0.15 Private Sale B Price: $0.23 USD
0.4
$0.07 Public Sales Price: $0.49 USD
0.2
0 Total amount raised: $3,150,000 USD
SEED FUNDING PRIVATE SALE A PRIVATE SALE B PUBLIC SALE
Seed Sale: Initial Market Cap of $368,680 USD Private Sale B: Initial Market Cap of $768,350 USD
Private Sale A: Initial Market Cap of $546,970 USD Public Sales: Initial Market Cap of $1,684,000 USD
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 11White Paper
Evai.io Dual-Layer Smart Contract
Evai will leverage the current industry standards in the Ethereum blockchain for issuing custom digital assets
and smart contracts. By conforming to the ERC20 token interface, Evai is compatible with existing Ethereum
infrastructure, such as wallets and exchanges.
The Ethereum Virtual Machine (EVM) allows the deployment and execution of smart contracts, enabling complex
issuance rules for cryptocurrencies like Evai. Evai eliminates any question of trust and protects the transacting
parties against fraud. These powerful features and dynamic ecosystem make Ethereum a strong fit for EVAI Tokens.
EVAI Token BEP 20 Compatible CERTIK – EVAI Token Smart Contract Audit
We are proud to claim that EVAI Token (ERC20) CertiK is one of the most trusted blockchain security
is integrated with Binance Smart Chain. companies in the world. Evai has engaged Certik and
Evai has taken steps to ensure compatibility between their meticulous testing and customised security
the EVAI Token and BSC. In doing so, we’ve opened integration to ensure the EVAI Token meets the
up an entire wealth of future collaborative possibilities highest standards, providing piece of mind to
which include facilitating seamless transfers of value investors and holders of the token.
between Evai and the Binance BEP20 token standard, CertiK’s Report represents an extensive auditing
as well as any protocols and platforms supporting process that has increased the quality of the dual
those standards. layer smart contract code, while reducing the high
level of security risk presented by cryptographic
tokens and blockchain technology.
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EVAI Token Sale – Legal Opinion
Kelman PLLC was retained by Evai to provide an
opinion as to whether the sale of EVAI’s tokens
(the “Token Sale”) constituted an offer or sale of
securities pursuant to the Federal Securities Laws
of the United States of America, specifically under
the Howeytest.
Based on the legal opinion by Kelman Law PLLC,
the EVAI Token Sale failed each of the final three elements
of the Howey Test. There was no commonality present,
no reasonable expectation of profits, and, even if there
were an expectation of profits, those profits would not
Kelman Law PLLC be derived from the efforts of the Evai Team, but
1732 First Avenue New York, New York, rather the EVAI Token holders through Evai’s
NY 10128, United States of America. governance protocols.
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“Economic Value Added (EVA) is integral
to the Evai platform and is underpinned
by AI & ML. Evai’s name is derived from
the combination of the two.”
“The Evai platform combines artificial intelligence with a machine learning
self-correcting and autonomous ratings protocol, removing human bias.
Evai continuously learns, maintains and remains decentralised to
produce unbiased ratings.”
Prof. Andros Gregoriou, Chief Research Officer, Evai
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 14White Paper
Multi-Factor Model Description
Evai’s ground-breaking model has been developed from The current multi-factor model includes: Artifical Intelligence
a synthesis of academic research and financial market
experience. We take standard methods that have been Liquidity: Gregroiou Ratio as return AI will be used to select and combine indicators
tried and tested in the real world of investment and relative to turnover. with optimal weights to determine the greatest
trading and adapt them for the new assets that accuracy of each risk factor. The AI software will run
have emerged. Sentiment: Measures of social media. daily tests on all indicators, selecting the most efficient
with results recorded.
We start from the belief that all assets provide a return Volatility: The Sharpe Ratio and how it has
as a compensation for taking risk. We have identified changed over time. Machine Learning
multiple risk factors that we will measure for each of
the cryptoassets that we evaluate. Momentum: Moving Averages. ML techniques will be implemented to assess the
daily test results and modify the parameters of the
Additional factors and indicators will be tested by Evai’s Utility: GitHub Contributions. AI software. The tweaking of the multi-factor model’s
in-house research team and added to the model upon selection criteria will continuously improve the
successful results. The multi-factor model will continually Behavioural Bias: Peak-end performance. overall accuracy over time.
evolve as we seek to improve the accuracy and refine
the ratings process further. Overextention: the Bollinger Band.
Market Risk: The beta of the asset
and how it has changed over time.
Capitisation: Size
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INPUTS TO THE MODEL
i.e. List of Crypto Exchanges (Markets) for data
Data sourced directly from exchanges are used. | Multiple exchanges are utilised. | Inputs from the market. | No rating provided when the data is not rich enough or unreliable.
DATA USED IN MODEL DEVELOPMENT & CALIBRATION
Artificial Intelligence will determine the best statistical way to represent the average value for all VARIABLES included in the ratings gathered from different crypto exchanges.
UNIVARIATE RATINGS
Rating based on a single factor
Formulas for calculating a single factor's values are a result of a combination of the most advanced quantitative scientific research and analyst-driven output.
All factors are unique and will have a unique rating schedule that will decide the rating scale of cryptocurrencies according to the corresponding value of each factor at a specific time.
A1 Exceptionally Strong, A2 Very Strong, A3 Strong, B1 Good, B2 Moderately Weak, B3 Weak, C1, C2, C3 Very Weak, D Distressed, U Unrateable.
LIQUIDITY SENTIMENT VOLATILITY MOMENTUM UTILITY BEHAVIOURAL BIAS OVEREXTENSION MARKET RISK CAPITALISATION
Turnover Ratio Fibonacci Retracement
Adjusted Turnover Ratio Ichimoku Cloud
Moving Average
Amihud Ratio Fear & Greed index Sharpe Ratio Bollinger Band Market Factor
Rate of Change Peak End Size
Social History Index Sortino Ratio Proxy ROI Treynor Index
FKG Ratio Value Demand Stochastic Oscillator
MACD
Roll Spread Relative Strength Index
Effective Spreads
Quoted Spreads
DETERMINATION OF THE MOST STATISTICALLY SIGNIFICANT FACTOR
FEAR & GREED MOVING PEAK END FIBONACCI
FKG RATIO INDEX SHARPE RATIO AVERAGE PROXY ROI VALUE DEMAND RETRACEMENT MARKET FACTOR SIZE
GLOBAL RATING
RATING BASED ON MULTI-FACTOR (most statistically significant factors) RATING
A. Calculating the factor value scientific methodology | B. Conversion of global index values into a rating scale
Evai’s unique methodology based on Gregoriou (2011) & Gregoriou (2019) work on asset pricing, where ratings are a function of liquidity, investment, systematic risk, profit, peak-end and firm size.
A1 Exceptionally Strong, A2 Very Strong, A3 Strong, B1 Good, B2 Moderately Weak, B3 Weak , C1, C2, C3 Very Weak, D Distressed, U Unrateable.
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Evai Cryptoassets Rating Criteria
Our ratings are designated on an alphabetical scale ranging from A1 to D. A1 The highest quality cryptoassets. The financial composition
The Evai A1 rating (“A1”) denotes cryptoassets of the highest technical is extremely solid. Extremely low risk.
and quantitative characteristics.
A2 Excellent quality cryptoassets. The financial composition
Evai’s D rating (“D”) indicates an unstable technical foundation and high is very solid. Moderately low risk.
risk. While a rating of U denotes an unratable instrument - typically due
A3 Good quality cryptoassets. The financial composition is solid.
to insufficient data.
Low Risk but more pronounced than A2.
The constituent rating scores are combined to return the overall asset rating B1 Medium-quality cryptoassets. A satisfactory financial composition.
(A1-D). The overall rating is an equally-weighted average of the indicators. Low risk but more pronounced than A3.
For instance, If two indicators were employed with the first returning a rating B2 The financial composition is fair. Moderate risk.
of “B3” (6), and the second returning an “A1” (2) they would combine to
B3 The financial composition is lacking. Moderate risk but more
produce an average overall rating of 4 (B2).
pronounced than B2.
C1 The financial composition has some issues. Moderately high risk.
C2 The financial composition has considerable issues. High risk.
C3 The financial composition has substantial issues. Extremely high risk.
D The financial composition is extremely poor. Highest risk factor.
U Unrateable due to insufficient data.
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Cryptoassets Rated - MVP Phase
Evai’s minimum viable product (MVP) Crypto ratings platform will go live featuring the following 20 Crypto, DeFi and NFTs.
After our MVP phase, the platform will scale at a rate of 300 additional tokens per month.
BITCOIN ETHEREUM RIPPLE
LITECOIN
A cryptocurrency invented in 2008 by an A global, decentralized platform A real time gross settlement system, currency
Litecoin was an early bitcoin spinoff
unknown person or group of people using the for money and new kinds exchange & remittance
or altcoin, starting in October 2011.
name Satoshi Nakamoto. of applications. network by Ripple Labs Inc.
BNB DOT ELROND
CARDANO
BNB can be used as a payment method, a An open-source sharding multichain protocol A blockchain protocol that seeks to offer
A decentralised public blockchain
utility token to pay for fees on the Binance that facilitates the cross-chain transfer of any extremely fast transaction speeds by using
and cryptocurrency project and
exchange and for participation in token sales data or asset types, making a wide range of sharding. The project describes itself as a
is fully open source.
on the Binance launchpad. blockchains interoperable with each other. technology ecosystem for the new internet.
VET UNI
LINK LUNA
VeChain aims to use distributed governance Uniswap is a popular decentralized
Chainlink (LINK) is a decentralized oracle net- Luna is a blockchain protocol that uses
and Internet of Things (IoT) technology to trading protocol, known for its role
work which aims to connect smart contracts fiat-pegged stablecoins to power price-stable
create an ecosystem, solving major problems in facilitating automated trading of
with data from the real world. global payments systems.
with supply chain in management. decentralized finance (DeFi) tokens.
AAVE SNX YFI SUSHI
Aave is a decentralized finance protocol that Synthetix is a decentralized finance (DeFi) Yearn.finance is an aggregator service for SushiSwap (SUSHI) is an example of an automated
allows people to lend and borrow crypto into protocol that provides on-chain exposure to a decentralized finance (DeFi) investors, using market maker (AMM). An increasingly popular tool
specially created liquidity pools. wide variety of crypto and non-crypto assets. automation to allow them to maximize profits among cryptocurrency users.
from yield farming.
CHZ SAND
ENJ NFTX
Chiliz is one of the largest blockchains for The Sandbox is a blockchain-based virtual
Enjin Coin is a project of Enjin, a company NFTX is a community-owned protocol and
esports and gaming crowdfunding. It allows world allowing users to create, build, buy
that provides an ecosystem of interconnected, platform for creating non-fungible token (NFT)-
fans to support their favorite sports teams and sell digital assets in the form of a game
blockchain-based gaming products. backed ERC20 Tokens products.
through blockchain-based interactions. products.
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The Evai User Experience
The Evai user experience allows investors to choose the metrics and build the market
around them.
From on-chain basics such as block times and mining fees to more complex risk-adjusted
return ratios and exclusive liquidity measures, Evai allows you to build dashboards from
the metrics you consider most important.
Our selected cryptoasset indicators drive the Evai.io ratings platform by highlighting
risks and providing an indication of long-term asset value. Build your
own intuitive
It is our goal to make this industry data readily available to anyone to help better inform
investment decisions in cryptoassets. dashboards
Unlike other data dashboards, the Evai.io platform encourages full user control.
Each dashboard is designed to be fully bespoke and customisable, right down to
Identify Value and Minimise Risk with Unbiased and Actionable Insights
the position and size of the chart or module. Delve into a variety of on-chain metrics
and market indicators to inform crypto ratings built around the factors
Live, on-chain data fed into a highly customisable dashboard.
relevant to you and your trading style.
Build the market around you.
Stay one step ahead with access to over 20 data sets per cryptoasset.
Choose your arsenal and design your own dashboard with fully customisable
parameters. Set real-time alerts and never miss a move.
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Matthew Dixon
Chief Executive Officer
Founder
Arif Al Otaibi Simon Reid
Chief Strategy Officer Chief of Staff
Founder Co-Founder
Stuart Paterson
Chief Operating Officer
Co-Founder
RATINGS DIGITAL BRANDING & PLATFORM CORPORATE INTERNATIONAL ADVISORY
DEVELOPMENT MARKETING ADVERTISING DEVELOPMENT GOVERNANCE OPERATIONS BOARD
Prof. Andros Gregoriou Coming Soon Rob Perryman Nathan Revill Colin Smith Matthew Thornton Dr. Kosmas Pipyros
Chief Research Officer Chief Marketing Officer Chief Branding Officer Chief Technology Officer Chief Financial Officer Chief Development Officer Cyber Security Advisor
Prof. Guy Liu Ollie Lawson Martin Hetherton Preeya Patel Abdulrahman Al Otaibi
Jason Murphy Alan O’connor Business Development
Research Director Crypto Social Media Manager Advertising Manager Development Director Finance Director Manager Technical Advisor
Marsela Tafa Jon Davies Nick Hamilton Ali Meer Gemma Daly Rob Taylor Will Foulkes
Ratings Director Communications Manager Blockchain Engineer Legal Counsel European Operations Legal Advisor
Crypto Social Media Manager
Manager
Dr. Rob Hayward Varuna Mehta Vernon Ward Roman Pietrzak David Aitken Steve Schad Gary Allsopp
Ratings Analyst SEO Manager Content Writer Software Engineer Internal Auditor US Operations Manager Corporate Advisor
Dr. Jerome Healy Saad Khalid Charmaine Haynes Chris Sharpe Adam Noble Sherif Sanad Dr. Shaomeng Li
AI & ML Analyst Social Media Manager Graphic Designer Software Developer HR Manager MENA Operations Manager Ratings Advisor
Dr. Thi Thu Huong Le Samrah Ali Jamie Robertson Craig Mahoney Victoria Tanimowo Yi Zhao
Data Analyst Social Media Specalist Video Producer Software Developer Data Governance Specialist Asia Operations Manager
Nabil Selini Clarisse Ang Brad Standish Don Conway Benjamin Tallack
Digital Marketing Analyst Events Manager Front End Developer Accountant Ambassador
Dmitry Korsunovs Samrah Shaikh
User Interface Developer Administrative Officer
Kate Nettell
Quality Analyst
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The Evai Team
Executive Team
Our collaborative approach.
The Evai founders share a hybrid of expertise in blockchain, crypto and financial
services. With world-renowned academic thought leadership and a track
record of success in crypto trading and algorithmically traded funds.
The Evai multi-factor ratings system has been built on solid foundations
by a highly experienced team of talented professionals.
Matthew Dixon Arif Al Otaibi Simon Reid
Using the latest innovations in cutting edge technology the team have collaborated
to deliver a breakthrough in crypto ratings methodology that delivers accurate, Founder, Founder, Co-Founder,
Chief Executive Officer Chief Strategy Officer Chief of Staff
reliable and trusted guidance to both retail investors, hedge funds and
institutions alike.
Stuart Paterson Nathan Revill
Co-Founder, Co-Founder,
Chief Operating Officer Chief Technology Officer
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Evai Executive Management
Matt Dixon Arif Al Otaibi Stuart Paterson
Founder, Chief Executive Officer Founder, Chief Strategy Officer Co-Founder, Founder Chief Operating Officer
With over 30 years experience since first becoming a regulated Financial A highly respected and successful multi-asset investor with extensive Stuart holds over 20 years of Project Management experience managing
Advisor in the UK, Matthew has designed and implemented the Falcon commercial experience in leading high-profile businesses throughout a variety of Investment companies and startup businesses across the
Systematic FX Strategy which has been crowned “Best Multi-Factor the Middle East, West Africa and Internationally. Arif is highly innovative Middle East and Asia, including the sovereign wealth fund of the Kingdom
Macro Strategy” at the 2019 Alternative Investment Awards organised in his approach to business and serves as a consultant and mentor to of Saudi Arabia. An early investor in the cryptocurrency, blockchain and
by Wealth and Finance. He has managed a successful FINTECH fintech industries, Stuart frequently becomes involved in the start-up
Traditional Financial organisations and Artificial Intelligence businesses
Algorithmic Investment fund with an enviable performance record phase of any businesses he invests in.
in the Fintech sphere.
and was regulated by the FCA. Prior to this recent venture, Matthew
successfully managed several funds for high profile institutions and
has been a consultant to the World Bank providing training to Banks
in West Africa.
Simon Reid Nathan Revill
Co-Founder, Chief of Staff Co-Founder, Chief Technology Officer
Simon is a highly experienced executive with over 20 years of industry Nathan is a co-founder and director of his own award-winning company
experience. He most recently worked with the Saudi Arabian government that delivers software experiences for standard and immersive hardware
implementing distributed ledger technology, blockchain initiatives, such as mobiles, desktops, touchscreen and virtual reality. These projects
artificial intelligence and machine learning to boost efficiency, create are delivered to private and public sector clients focusing on training and
new business models, and disrupt incumbents. Prior to joining simulation within finance, medical, energy and defence sectors. He has
Evai, Simon managed multi-billion dollar ventures throughout the a background in electronics, telecommunications, web and software
Middle East and Asia, scaling projects and maximising their potential development and since an early age has always had an entrepreneurial
while maintaining strong fiscal control. spirit driven by his passion for technology. Nathan will lead Evai’s platform
development team, developing and maintaining Evai’s software
development delivery, vendor and staff management, security and quality.
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Advisory Board
Dr Kosmas Pipyros Gary Allsopp
Cyber Security Advisor Corporate Advisor
Cyber Security research papers written by Dr Kosmas Pipyros have Gary has held successful senior Board positions over the last 30 years
been presented at a number of International Conferences. Kosmas will including a publicly listed telecommunications company that he
help ensure Evai’s rating platform is hacker-resistant and protected founded, he also has been instrumental in the successful divestment
against malicious attacks, theft or damage. of oil fields to the largest oil company in the world. Other positions
include chairman of an internet service provider and for the past
12 years Gary has been a non-executive chairman of the largest real
estate company in the Mena region.
Will Foulkes Abdulrahman Al Otaibi
Legal Advisor Technical Advisor
Will is a specialist in cryptocurrency and blockchain law, with a focus Abdulrahman has occupied senior management and senior business
on distributed ledger technologies, digital assets and smart contracts. leadership positions over the last 15 years. His expertise includes
Over the past years, Will has developed a deep understanding of organisational management, change management, unlocking
blockchain and the associated law, assisting clients across jurisdictions business growth potential and online product and Fintech
with token related fundraising (ICOs, IEOs, STOs), regulatory development and revenue generation with leading global
compliance and strategy. brands throughout the Middle East and internationally.
Dr Shaomeng Li
Ratings Advisor
Based at Oxford University in the UK, Dr Shaomeng Li is a research
officer at TMCD, currently working on the Valuation of Early-Stage
Technology (VEST) project.
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 23White Paper
What is the EVAI token and its use case?
The EVAI Token is an Ethereum-based ERC-20 standard
token integrated with Binance Smart Chain as a dual-
layer smart contract. This enables all the standard
multiple pairings as an ERC-20 token with the additional
use of the BSC protocol for negligible gas fees and
BEP-20 pairings once listed on Binance. The dual-layer
Evai Pro will provide access to the full list of cryptoassets currently
smart contract has been audited by the world’s
being rated which will also increase at a rate of 300 cryptoassets
most respected code auditor CertiK.
per month. Evai Pro will be a token-controlled access concept,
whereby EVAI Token holders gain access to Evai Pro by holding
The EVAI Token provides access to the Evai.io platform,
a minimum of $250 USD of EVAI Tokens in their wallet.
offers a staking incentive to join the Evai Staking Pool and
allows constituents to participate in the voting mechanism
Rewarding Innovation
and decision making for the future of the platform.
It will also provide a discount on trading fees once
Evai encourages the engagement of token holders
EvaiX.io cryptoassets exchange has launched.
and developers.
Two versions of the Evai Ratings Platform will be available
EVAI Token holders are rewarded for their participation in
to users, Evai Lite and Evai Pro. Evai Lite will be launched
the voting mechanism to support positive upgrades that
as the minimum viable product (MVP) providing members
are ultimately adopted. Developers are incentivised for
with free access to the ratings platform which will include
their ideas, contributions and market intelligence which
access to 20 cryptoassets along with all platform features
influence the multi-factor model’s continual upgrades
and the full suite of charts.
and evolution.
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‘DeFi returns’ without DeFi risk, Powered by Evai Decentralised Ratings. Evai Evai will launch EvaiFund.io - A crypto index tracker fund offering diversified
Ratings are used to find that ‘needle in the haystack’ opportunity from the exposure to leading cryptoassets. EvaiFund will create a high-return investment
thousands of cryptos available. Using our unbiased and decentralised ratings opportunity to benefit investors globally.
technology, Evai is able to select projects that have real potential and yet are
lacking in certain aspects with the aim to remedy issues and propel those The EvaiFund portfolio will track an index comprised of 20 most highly valued
projects to success. cryptoassets, powered by Evai.io crypto ratings and rebalanced weekly by the Evai
leadership team, who have a proven track record of success in cryptocurrency trading
Evai adopts promising projects, taking a substantial token holding in return for access and algorithmically traded funds, while limiting loss of capital through a dynamic
to our ratings technology. Using our multi-factor rating model, artificial intelligence and hedging mechanism.
machine learning, Evai is able to identify areas for improvement and remedy project
shortfalls in order to increase the intrinsic value of adopted projects. EVAI Token holders will be able to stake their tokens into the EvaiFund with no
broker fees, exit fees and no minimum investment with investor returns going
We then add the project tokens to the Evai staking pool in which Evai holders can direct to the end-user as EVAI tokens.
stake their EVAI Tokens to receive a share of the rewards. Token prices then rise from
our zero-acquisition price to higher prices as the price and liquidity of ‘recovery’
tokens improve with Evai’s guidance.
There is zero downside for Evai stakeholders on recovery token investment,
with unlimited upside and exit strategy upon an improved exchange.
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 25White Paper
“Evai has designed an industry-leading
approach to cryptoasset ratings, utilising peer-reviewed
academic research and economic modelling coupled
with AI and ML to deliver unique insights.”
“The ratings will become an indispensable and innovative tool within cryptoassets and the wider
Fintech industries, bridging the gap between the two sectors and leading to the greater
adoption of cryptoassets as a recognised asset class. May God bless this venture.”
Matthew Dixon, Founder & Chief Executive Officer, Evai
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 26White Paper
Partnerships
The Evai team are continually building a global network of partners to encourage collaboration and develop
industry-leading ways of working that nurture innovation and inspire confidence in our future development.
University of Brighton Peking University
The research studies carried out by Professor Andros Gregoriou Evai and Peking University have established a 3-year academic collaboration
at the University of Brighton provided the foundatons for Evai’s world’s that will enable both parties to cooperate on world-leading research in the
first decentralised unbiased cryptoasset ratings platform. Evai has since cryptocurrency and blockchain sectors.
established a 2 year academic consultancy agreement with the
University of Brighton. As part of the collaboraFon, Professor Guy Liu, Head of Peking HSBC business
school U.K. campus, supports the Evai team in the role of senior academic
Professor Andros Gregoriou, Evai Founder and Chief Research Officer has advisor, consulting on financial ratings research and development.
written over 80 leading research papers and has presented his work to the
CFA, FCA, London Stock Exchange and is an advisor to the Bank of England. In turn, Evai will provide access to the Evai.io ratings plaform as an
academic learning tool, offer internships, and co-fund both a PhD
scholarship and a Bloomberg trading terminal to be used by students
based at the Oxford campus.
Professor Andros Gregoriou, Evai Chief Research Officer is also a visitng
professor at Peking University and Evai plans to fund more PhD scholarships
in the future through the course of the partnership.
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 27White Paper
Trust Wallet
Evai has extensively reviewed
and analysed a range of the
leading wallets on the market
to ensure EVAI holders benefit
from the utmost privacy and
security when storing their
EVAI tokens.
We have selected Trust Wallet to store EVAI tokens due to its
comprehensive security measures, easy-to-use interface and range
of cryptocurrency features.
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 28White Paper Evai.io Social Media Community The Evai community has grown to over 15,000 followers in our first year alone And we are continuing to build new communities © 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 29
White Paper
Ownership Rights
Evai is a utility token issued on the Ethereum platform based on an ERC20 standard contract, that can be used as a
form of payment for Evai service. Ownership of Evai carries no rights express or implied other than a right to receive
the Evai service, if and to the extent the Evai service has been successfully completed and launched in a country.
Investors Staking Purchase Limitation
Participants of the Token Sale understand and accept that By purchasing Evai tokens the Participant of
EVAI Tokens do not represent or constitute any ownership Token Sale represents and warrants that:
right or stake, share or security or equivalent rights nor any
right to receive future revenues, shares or any other form • The Participant of Token Sale is not a citizen
of participation or governance right in or relating to the or resident of a country, whose legislation conflicts/
Evai service or any entity from Evai Ratings & Research Ltd. restricts exchange of tokens/cryptocurrencies
and/or the Evai service in general.
The DLT Asset qualifies as a UNIT in an undertaking that
constitutes a scheme or arrangement which has its • The Participant of Token Sale is not a citizen or
objectives in the collective investment of capital. resident of countries listed in COMMISSION
DELEGATED REGULATION (EU) 2016/1675 of 14 July
Participants of Token Sale understand and accept that 2016 supplementing Directive (EU) 2015/849 of the
he/she has no right to claim as holder of Evai any European Parliament and of the Council by identifying
intellectual property rights, equity or equivalent rights high-risk third countries with strategic deficiencies
or any other form of participation in or relating to the e.g.: Afghanistan, Bosnia and Herzegovina, Guyana,
Evai service and/or any entity from Evai Ratings Iraq, Lao PDR, Syria, Uganda, Vanuatu, Yemen,
& Research Ltd. Ethiopia, Sri Lanka, Trinidad and Tobago, Tunisia, Iran,
Democratic People’s Republic of Korea (DPRK).
© 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 30White Paper Evai Wallet Know Your Customer (KYC/AML) Any participant of Token Sale who wants to acquire EVAI tokens must register at https://www.evaifund. io/sign-in.html and pass required by law Anti Money Laundering (“AML”) and Know Your Customer (“KYC”) procedures. The status of Participant of Token Sale is subject to restrictions required by applicable law, described in Terms, AML and KYC procedures. Procedures will be conducted according to laws of the European Union, especially Commission Delegated Regulation (EU) 2016/1675 of 14 July 2016 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council by identifying high-risk third countries with strategic deficiencies. Exchange Know Your Customer (KYC/AML) If you are purchasing the EVAI Token through an exchange via pre-sale or listing, you will have to complete account verification and verification of your identity documents before purchasing EVAI Token. This usually entails email and phone verification, uploading of your passport or national ID and submission of your latest utility bill (within the last 3 months). © 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 31
White Paper Permitted Countries For the avoidance of doubt, the following country residents and nationals are permitted/ not permitted to purchase or own EVAI Tokens. Permitted Countries Andorra, Anguilla, Armenia, Aruba, Australia, Austria, Bahrain, Bangladesh, Barbados, Belgium, Belize, Bermuda, Bolivia, Brazil, British Virgin Islands, Brunei, Bulgaria, Canada, Cayman Islands, Chile, China, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, Egypt, Estonia, Faroe Islands, Finland, France, Gambia, Georgia, Germany, Gibraltar, Greece, Greenland, Grenada, Guernsey, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Korea, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Malaysia, Malta, Marshall Islands, Martinique, Mauritius, Mexico, Monaco, Montserrat, Morocco, Netherlands, Netherlands Antilles, New Zealand, Niue, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Réunion, Saint Kitts and Nevis, Saint Lucia, San Marino, Saudi Arabia, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, Spain, Suriname, Sweden, Switzerland, Taiwan, Thailand, Tunisia, Turkey, Turks and Caicos islands, Tuvalu, United Arab Emirates, United Kingdom, Uruguay, Vanuatu, Vatican City Not Permitted Countries Afghanistan, Albania, Algeria, American Samoa, Angola, Antigua and Barbuda, Argentina, Azerbaijan, Bahamas, Belarus, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Burkina Faso, Burma (Myanmar), Burundi, Cambodia, Cameroon, Cape Verde, Central African Republic, Chad, Colombia, Comoros, Congo, Congo-Brazzaville, Cook Islands, Cote d’Ivoire / Ivory Coast, Cuba, Djibouti, Ecuador, El Salvador, Equatorial Guinea, Eritrea, Ethiopia, Fiji, Gabon, Ghana, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Iran, Iraq, Kazakhstan, Kenya, Kiribati, Kosovo, Kyrgyzstan, Laos, Lesotho, Liberia, Libya, Madagascar, Malawi, Maldives, Mali, Mauritania, Moldova, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, New Caledonia, Nicaragua, Niger, Nigeria, North Korea, Northern Mariana Islands, Pakistan, Palau, Palestinian Territories, Panama, Papua New Guinea, Paraguay, Puerto Rico, Rwanda, Saint Vincent & The Grenadines, Samoa, Sao Tome & Principe, Senegal, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Swaziland, Syria, Tajikistan, Tanzania, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Turkmenistan, Uganda, Ukraine, United States of America, US Virgin Islands, Uzbekistan, Venezuela, Vietnam, Western Sahara, Yemen, Zambia, Zimbabwe. © 2021, COPYRIGHT AND RIGHTS RESERVED. EVAI DIGITAL TOKEN ECOSYSTEM WHITEPAPER. VISIT WWW.EVAI.IO FOR MORE DETAILS | PAGE 32
For further information email: info@evai.io
UK Evai Ratings and Research Ltd, International House, 24 Holborn Viaduct, London, EC1A 2BN, United Kingdom.
UK Evai Ratings and Research Ltd, 2nd Floor, The Chocolate Box, 8-10 Christchurch Road, Bournemouth, BH1 3NA, United Kingdom.
UAE Evai Ratings & Research DMCC, Cluster R, Jumeirah Lakes Towers, Unit JLT PH2 RET R5, Dubai, PO Box 336851, United Arab Emirates.
Singapore Evai Ratings and Research Ltd, Level 11, Marina Bay Finacial Center, Tower 1, 8 Marina Boulevard, Singapore.You can also read
