CoinMarketCap introduces 'grading system' for crypto

The Block • March 19, 2019, 3:17AM EDT
UPDATED: March 19, 2019, 8:53AM EDT
The Block

Popular crypto price-site CoinMarketCap has teamed up with analytics firm Flipside Crypto to provide grades alongside its listed crypto assets, CoinDesk reports.

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The startup's Fundamental Crypto Asset Score (FCAS) offers a five-letter grading scheme. It ranks bitcoin and Tron under the same grade - A (Attractive); the second highest ranking after "S" (superb), which is held only by EOS and Ethereum. The metric distinguishes based on three factors including developer history and user activity (which could be boosted by volume manipulation or heavy marketing) but does not place specific weight on a blockchain's security protocol. 

Flipside Crypto's CEO Dave Balter told CoinDesk he wants users (and newcomers) to "look at crypto projects as if they were sophisticated businesses,” and to help them look beyond price.

About Author

Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

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