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

Unexpected, yet real. The China Centre for Info Market Advancement (CCID) has launched its fourth ‘Crypto task positions’, where the leading 3 placements have actually been taken by EOS, Ethereum and also Komodo. Bitcoin is at the 10th setting.

CCID started the ranking process in May, where it rated an overall of 28 cryptocurrencies. During the following 3 months, it included 2, one and also 2 coins specifically to the listing. The most up to date position that it has actually released puts EOS and Ethereum in the leading 2 placements.

Nonetheless, the largest shock is Komodo rising to the Third setting from it’s previous ranking of 10. It is stated to be an ambitious task which permits independent blockchain developers to start their very own task as well as installed an ICO. Likewise, a decentralized exchange is on the cards of the job.

Ranking Methodology
China Electronics News Agency, which is regulated by CCID, claims that the ranking are supplied based on “An extensive investigation and also analysis of the public chain from 3 facets; basic innovation, application as well as development”.

However, the positions do not consider the monetary perspective, which includes the coin rate, market capitalization as well as the trading quantities, which validates why Bitcoin is not in the leading placement.

Apart from these, Nebulas is ranked 4th, NEO at Fifth and also Outstanding at 6th. Surprisingly sufficient, a few of the top coins by market cap, such as Surge, Bitcoin cash and also Litecoin, do not feature in the top 10 of CCID’s rankings.

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