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

Unusual, yet true. The China Centre for Information Market Development (CCID) has actually launched its fourth ‘Crypto project rankings’, where the top 3 positions have actually been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th position.

CCID began the ranking process in May, where it placed a total amount of 28 cryptocurrencies. Throughout the adhering to 3 months, it added 2, one and 2 coins respectively to the listing. The most recent ranking that it has launched places EOS as well as Ethereum in the leading two settings.

Nevertheless, the largest surprise is Komodo rising to the Third position from it’s previous position of 10. It is stated to be an ambitious task which permits independent blockchain programmers to start their own task and also installed an ICO. Also, a decentralized exchange gets on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is regulated by CCID, claims that the ranking are provided based on “A detailed examination as well as evaluation of the general public chain from three aspects; basic technology, application as well as development”.

Nonetheless, the positions do rule out the financial viewpoint, which includes the coin rate, market capitalization as well as the trading volumes, which warrants why Bitcoin is not in the top placement.

In addition to these, Nebulas is ranked Fourth, NEO at 5th and also Outstanding at 6th. Surprisingly enough, a few of the leading coins by market cap, such as Ripple, Bitcoin cash and also Litecoin, do not showcase in the top 10 of CCID’s rankings.

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