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RE: Coinmarketcap soon to show letter grades next to each crypto project

in #crypto6 years ago

They pull their data from public sites such as github. So, in theory, if a company has a low ranking yet their github is very active one could cry foul on the ranking. It is semi transparent.

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 6 years ago  Reveal Comment

I don't think it will be relied on enough to have as much of an impact as you are implying.

I suggest you do little research on who are the guys behind 'Flipside Crypto' (that is the company providing the ratings) and who are they connected to ...
it is a huge red flag !

Why is that? They state the majority of the info they use to come up with these ratings comes from github and other public sites.

What 'they state' is irrelevant . Go check their team individually . Go check background of their CEO , what he does besides 'Flipside Crypto' . These people have ZERO credibility to rate any crypto project , their background is mainly in marketing and selling snake oil ...

While that may be true, if a coin's ranking doesn't match up with the activity that is happening on their github repository, one can cry foul. There is at least some transparency to these things...

I am going to get some snake oil , looks like you would be a good customer ;-)