The global partnership between CV Labs and British AI crypto company Evai has led to a debut centralised exchange listing for the EVAI token on Bittrex Global from today.
This latest development follows the CV Labs partnership announcement in May this year, which welcomed Evai into the worldwide CV Labs ecosystem as the cutting-edge FinTech firm became their first global platinum partner.
Founded in the UK, Evai uses world-leading AI and machine learning to award unbiased ratings to cryptoassets on its free-to-use platform evai.io.
The ratings platform helps both new and experienced investors assess the true value of various crypto with the ambition to democratise the industry.
Earlier this year, the EVAI token launched on two of the world’s largest decentralised exchanges – Uniswap and PancakeSwap – and has performed impressively well during a turbulent time for the market, reaching an all-time high of $0.55.
As with all cryptoassets, several variables help investors see value and encourage investment, such as solid fundamentals.
A world first
Evai achieved a world-first through the development and launch of the evai.io crypto asset ratings platform, built on the research of Professor Andros Gregoriou, advisor to the Bank of England.
By rating the assets in real-time without human intervention, CV Labs founder Ralf Glabischnig believes Evai has created an indespensible platform.
“We are thrilled that our global ecosystem is growing at hyper speed,” he said.
“Since we now have hubs in Switzerland, Liechtenstein, the UAE and South Africa, as well as partner hubs in several other regions worldwide, we are able to connect key players around the globe via the CV Labs network.
“This partnership is an excellent example, as it brings together two of our key global ecosystem partners: Bittrex Global, likely the most important crypto exchange operating out of Crypto Valley (Liechtenstein) and Evai, the premier decentralised ratings platform headquartered in our DMCC Crypto Centre in Dubai.”
The Evai ecosystem partnership with CV Labs was key in facilitating the introduction to Bittrex Global which saw the EVAI token make its debut centralised exchange listing today. Bittrex Global currently ranks amongst the top ten global centralised exchanges and will provide a valuable launchpad for the EVAI token.
Stephen Stonberg, CEO, Bittrex Global, said he was thrilled that Evai had chosen Bittrex.
“Evai’s ratings platform represents a monumental step forward for the industry at large, as its ability to eliminate bias not only helps to provide clarity but creates a more secure environment for investors – a shared value of Bittrex Global,” he said.
“This development of a newfound partnership between Evai and Bittrex Global emerged from our pre-existing and strong relationship with CV Labs.
“CV Labs is an exceptional organisation and has excelled in creating a unique global blockchain ecosystem.”
Founded and developed in the UK, Evai has set up its global HQ in Dubai’s CV Lab ecosystem offices within the brand new DMCC Crypto Centre, located on the 48th floor of the iconic Almas Tower. The DMCC Crypto Centre opened its doors in May this year and is set to be a hub for the development and application of crypto and blockchain technologies. It offers a home to all types and sizes of crypto businesses, from companies developing blockchain-enabled trading platforms to firms offering, issuing, listing, and trading crypto assets.
Matthew Dixon, Evai, CEO, said: “The introductions gained through the CV Labs ecosystem are invaluable as evidenced by our upcoming centralised exchange listing with Bittrex Global, among other amazing connections instigated by our CV Labs partners. Evai are far stronger having benefited greatly from CV Labs’ enabling and supportive ecosystem.”
Evai to launch EvaiFund
Over the coming weeks, Evai will launch EvaiFund – an investment portfolio that will be governed by AI. Evai’s unique unbiased ratings, coupled with their AI and machine learning algorithmic trading experience, can be used to autonomously optimise the fund’s holdings while dynamically rebalancing asset allocations in real-time.
“For example, the fund may hold assets rated A1, A2, A3, B1 and potentially B2,” explained Evai COO, Simon Reid.
“When an asset is downgraded to B3 or below, AI based algo trading would close the position and remove the asset from the fund. Likewise, it will open new positions for upgraded assets which fit the criteria or parameters set, further diversifying the fund.”