EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

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August 20, 2018 by
EOS, Ethereum and Komodo are the top 3 coins according to the Chinese Government

Surprising, yet true. The China Centre for Info Market Development (CCID) has actually released its 4th ‘Crypto project rankings’, where the top 3 settings have actually been taken by EOS, Ethereum and Komodo. Bitcoin is at the 10th position.

CCID started the ranking procedure in May, where it rated a total amount of 28 cryptocurrencies. Throughout the complying with 3 months, it included 2, one and also 2 coins respectively to the listing. The current position that it has launched places EOS as well as Ethereum in the top 2 settings.

However, the largest surprise is Komodo rising up to the 3rd setting from it’s previous position of 10. It is stated to be an enthusiastic project which permits independent blockchain designers to begin their very own job and also set up an ICO. Also, a decentralized exchange gets on the cards of the job.

Ranking Technique
China Electronic Devices News Agency, which is controlled by CCID, claims that the ranking are given based upon “A thorough investigation and assessment of the public chain from three facets; fundamental innovation, application and development”.

Nonetheless, the rankings do rule out the financial perspective, that includes the coin cost, market capitalization and the trading quantities, which justifies why Bitcoin is not in the top position.

Aside from these, Nebulas is placed 4th, NEO at 5th and Stellar at 6th. Remarkably enough, some of the top coins by market cap, such as Ripple, Bitcoin money as well as Litecoin, do not feature in the top 10 of CCID’s positions.

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