TokenInsight Cryptocurrency Ratings Update June 28th 2020
TokenInsight added 4cryptocurrency projects in total to our project rating database: ThunderCore, Celo, The Arweave Project, Tellor Core.
ThunderCore is a public chain based on PaLa consensus algorithm that aims to realize the wide adoption of blockchain by providing a fast, secure, scalable, and EVM compatible platform. Meanwhile, the project launched its own wallet. The team of the project has a strong technical and academic background, and the CEO has successfully run a startup. The current focus of the project is to work on continuous technology improvement, and the future roadmap is very clear. The project publishes weekly progress updates and the community activeness is good. Considering the status and development prospects of the project, the rating for ThunderCore is BB with a stable outlook.
The Celo project provides financial services. The overall technical strength of the team is good, while the team’s management and marketing capabilities are general. The technical framework is relatively systematic and the technical feasibility is relatively high. The Celo mainnet was launched in April. CELO is a token issued by the project while the name of the token was converted from cGLD to CELO in June. At present, the comprehensive performance of the token on the secondary market is poor, the price is relatively stable, and the monthly transaction volume ranks high. Considering the status and development prospects of the project, the rating for Celo is B with a positive outlook.
Arweave is a decentralized file and application storage system. Arweave adopts the PoW consensus mechanism. AR is the project’s token. It is used as an incentive to maintain the network in its ecosystem. At present, permweb, the project’s underlying network, has been launched, but there are only a few applications on it. The Arweave team has good strength, the developer community is relatively active, but the on-chain activity is average. The network currently has stored about 750GB of content, less from the project’s initial expectations. Considering the status and development prospects of the project, the rating for Arweave is B with a stable outlook.
Tellor is a decentralized Oracle network platform for integrating high-value off-chain data into Ethereum. The project team has a good educational background, and the core team has backgrounds in economics, statistics, and work experience in the US government. The project has passed the security audit of CertiK, and the code has passed the security verification. TRB 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 Tellor 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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