TokenInsight Cryptocurrency Ratings Update July 24th 2020
TokenInsight added 4 cryptocurrency projects in total to our project rating database: UTRUST, SUTERUSU, BHPCoin, Kusama Network.
uTrust is a payment project that aims to promote commercial adoption and the payment function of cryptocurrencies with a focus on the e-commerce industry. The project has high applicability and the pain point it is trying to solve is clear. The uTrust team has a good educational background and rich experience, and the proportion of tech personnel in the core team is also high. The project is continuously improving its ecosystem and it has a certain degree of community influence. UTK issued by the project performed stable on the secondary market before June this year, then it experienced fluctuations and the price was eventually up after June. In addition, there are some other projects with a solid ecosystem in the payment sector which can provide the same service as uTrust does, resulting in competitions. Considering the status and development prospects of the project, the rating for uTrust is B with a stable outlook.
Suterusu is a Blockchain-agnostic privacy-preserving platform. The overall technical strength of the team is good. The Github project’s popularity and media popularity are low. SUTER token is the token issued by the project, and it has a clear distribution and unlocking mechanism. The token’s overall performance in the secondary market is general and the market cap is about $11 million with great price fluctuations. Considering the status and development prospects of the project, the rating for Suterusu is B with a stable outlook.
BHP is a public chain of intelligent computing power network. The project adopts the PoS consensus algorithm and the mechanism is reliable. The project progress is in line with the roadmap plan. The main browser and wallet have been launched. BHP tokens are well distributed and have a stimulating effect on the ecology. Currently, BHP has launched trading pairs on OKEx and DigiFinex. Except for the proportion of personnel, this project did not disclose relevant team information. The development popularity, community popularity, and social media popularity of BHP were average. Considering the status and development prospects of the project, the rating for BHP is CCC with a stable outlook.
Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot. The network is an experimental development environment for teams who want to move fast and innovate on Kusama, or prepare for deployment on Polkadot. The overall technical strength of the team is good. Kusama was founded by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum. The technical framework is relatively systematic and the technical feasibility is relatively high. KSM is a token issued by the project, which has relatively good performance on the secondary market. Considering the status and development prospects of the project, the rating for Kusama is B with a positive outlook.
Disclaimer:
This list is based on publicly sourced information and is published in good faith for general information purpose use only. TokenInsight does not make any warranties about the completeness, reliability and accuracy of this information. This list does not constitute an offer or a recommendation to purchase, hold, or sell any cryptocurrencies (tokens) or the engagement of any investment activities.
Based on the research and analysis of the latest market data and our integrated rating system, we aim at providing investors with accurate and timely project information and helping them effectively avoid risks.
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Founded in 2017, TokenInsight is a Leading Data & Tech Driven Blockchain Financial Institution. TokenInsight pioneered a complete blockchain industry classification system, covering more than 1,600 projects, releasing more than 300 rating reports, and conducting in-depth studies into 10 major industries.
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