how do you know they will do honest work and not rig things ? do we even know who is behind cmc ? did they publish the names of the people who will be doing this ?
this tool will have power to kill projects , meaning controllers are taking the game to the next level ...
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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.
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...