Cryptoindex initial coin offering (ICO)

First review on 25 Oct 2018:

C1. An interesting project with a lot of potential.

C2. The official Telegram chat group created on 4 March 2018 and real activities started on 25 June 2018, over 9,000 members (as at 25 Oct 2018): https://t.me/indexcrypto

Some questions for the team:

Q1. Who are the shareholders of Cryptoindex Limited (CL)?

Q2. Who are the directors of CL?

Q3. To double confirm that these are not related to CL
(a) https://www.prestigebinaryoptions.com/cryptoindex-limited-review/
(b) https://www.valforex.com/2017/12/cryptoindex-review-is-it-the-worst-bitcoin-scam.html

Q4. What neural networks model(s) are used in Zorax?

Q5. Would appreciate if you can provide screen snapshots or videos relating to Zorax.

Q6. Who within the team is involved in the design of Zorax?

Q7. Who within the team is involved in the coding of Zorax?

Q8: What is your smart contract address?

Q9. There are several patented quant algorithms that are using AI, wonder if the team plans to apply for any patent protection for technologies relating to Zorax?

Q10: What is the token lockup/vesting period for the team members?

Q11: What is the token lockup/vesting period for the advisors?

Q12: What is the token lockup/vesting period for the institutional investors (if any)?

Q13: Who among your team members are in your Telegram community?

Q14: Who among your advisors are in your Telegram community?

Q15: What's your Github address?

Q16. What the competing Crypto indexes related projects out there and to do a comparison with them.

I will revise my ratings after receiving further responses to above questions.

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First speedy reply from the team member, Roman (ICO team member replied on 26 Oct 2018):

"Thanks for your feedback, Mr. Dr. Rex Yeap!

A1.1: We are following up with our shareholders to see if they would be willing to disclose this information.

A2.1: Please, check the Executive Team Details section of our WP https://cryptoindex.io/docs/CryptoindexWP1.0.pdf

A3.1: This is not our project, please check out one more time

A4.1: This question is described in details in Zorax section of our WP https://cryptoindex.io/docs/CryptoindexWP1.0.pdf

A5.1: This information is available at the MVP of the Cryptoindex Platform. Please, check www.cryptoindex.ai.

A6.1: You can find this information in Our team section of WP https://cryptoindex.io/docs/CryptoindexWP1.0.pdf and our official site https://cryptoindex.io

A7.1: You can find this information in Our team section of WP https://cryptoindex.io/docs/CryptoindexWP1.0.pdf and our official site https://cryptoindex.io

A8.1: At the moment our smart contact has not been deployed.

A9.1: Of course, our policy is that all our rights will be fully protected.

A10.1: Bonus tokens have 3 to 6 mos lockup.

A11.1: Bonus tokens have 3 to 6 mos lockup.

A12: None

A13: team members are in Telegram chat.

A14: All advisors are in our Telegram chat.

A15: Our Github address: https://github.com/cryptoindexAI. Cryptoindex is not an open source project. But you can review the code here: https://github.com/phenom-company/smartcontract-cryptoindex

A16: Some of the competing cryptocurrency indices are reviewed in this article: https://block-chain.com/news/cryptocurrency-indices-as-an-alternative-way-of-crypto-portfolio-diversification

If you have any question, I`ll be glad to answer for you. Waiting for your response!"

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Part 2 - on 26 Oct 2018 and 27 Oct 2018:

As the answers are incomplete, I've created a Google docs for this Q&A follow-up, pls continue the Q&A here: https://goo.gl/brHgQ7

Q17. Regarding A13, I wasn't able to verfiy the claim, and would now like you to replace the ? with the team member's Telegram ID:
o Vijay Andrew Angelo, CEO: ?
o Lawrence D'Souza, Head of Analytics: ?
o Alex Goncharenko, Product Manager: ?
o Gemma Clapton, Client Relations: ?
o Caroline Matusso, Head of Marketing and Communications: ?
o Simon Sergeev, Head of Support: ?
o Sergey Shashev, CTO: ?
o Andre-Pier Buzdum, Project Manager: ?
o Stephan Kamentsev, Software Architect: ?
o Lana Ivina, Senior Mathematician: @lana_out_of_the_blue

Q18. Regarding A14, I wasn't able to verfiy the claim, and would now like you to replace the ? with the advisor's Telegram ID:
o Austin Kimm, Co-Founder and Chief Operational Officer at Crypterium: @AustinKimm
o James Davies, Managing Member at London Derivatives Exchange: ?
o Paddy Tan, Strategist, Asian Market: ?
o Gabriel Zanko, Blockchain Investor and Advisor. MobileyourLife, Founder: ?
o Dorothy (McKinley) Delahunt, Chief Legal and Compliance Officer and Founder Member at London Derivatives Exchange Group: ?
o Sandy Broderick, IR Advisor: ?

Q19. I read that the system has been running for a few months (at the time of the whitepaper release). Let's have the cryptocurriences dataset from 1 Jan 2017 to 1st of the current month (suppose you reply on 5 Nov 2018, then last dataset date is 1 Nov 2018), would like the team to prepare a Google sheet showing
(a) The top 100 monthly cryptocurries that the system has chosen, and it's weightage
(b) Monthly performance metrics starting from July 2017, specifically: arithmetic mean, SD, skewness, kurtosis, Jensen's alpha, beta, Sharpe ratio, Sortiono ratio, Omega, maximum drawdown, information ratio and upside potential ratio.

Due to the new issues identified in C3 and C4, am now revising the ratings from 4-4-2 to 2-4-2 but will re-adjust again when more clarifications are provided.

Cryptoindex is coming with really great idea! Instead of creating new coin, they are creating index coin like NASDAQ has on stock market! Nice! That's why I gave 5 for vision. Team is also coming with high professionals and advisors! This is another 5 score from me. Lastly, jurisdiction for ICO is Malta which is one of the best for ICO projects.

Very few words to say as Dr. Rex Yeap has questioned most of the important points.
The concept is NOT new and everyone has been putting similar projects on the side due to the fact that the regulations side of it, it's still missing!
Where do you get the data for this index? Clearly you are not owning any data so far!
Do you really need 37 mil USD to create an index?
What is the concept of Zorax? How does it work?
Looking forward to hearing from you.