In a forever-evolving blockchain and privacy landscape, evaluating projects objectively is crucial.
Our scoring system provides a structured approach to assessing crypto initiatives across three key areas: Openness, Technology, and Privacy. We currently rank projects based on that filled-in information with little to no conditional logic.
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Transparency is fundamental in our space. This Openness score reflects a project's commitment to clear communication and accessibility of information.
Importance: Visible leadership enhances project credibility and reduces the chances of it being a rug pull.
What to look for: Detailed profiles of core team members on the project's official website.
Importance: Comprehensive documentation facilitates understanding and adoption.
What to look for: Well-organized, up-to-date documentation, easily accessible online.
Importance: Open-source code promotes trust and collaboration.
What to look for: An active GitHub repository with regular updates and community engagement.
Importance: Active channels indicate community involvement and information flow.
What to look for: Regularly updated profiles on platforms like Twitter, Discord, or Telegram.
Importance: A whitepaper outlines the project's vision and technical approach. ù
What to look for: A comprehensive, easily accessible whitepaper on the project's website. A gitbook, or extensive documentation can also be included here in case there is no project whitepaper.
Importance: Clear funding information builds investor confidence.
What to look for: Disclosed information about funding rounds or sources. It's important to note that not all projects are necessarily investor-funded; if this is the case, including "bootstrapped" or "self-funded" is more than fine.
The Technology score assesses the project's technical foundation and security measures.
Importance: A live mainnet demonstrates a functional product.
What to look for: Confirmation of the project's deployment on a main blockchain network.
Importance: Open-source projects allow for community review and contribution.
What to look for: Publicly available code under an open-source license.
Importance: Non-custodial solutions give users control over their assets.
What to look for: Architecture that allows users to maintain control of their private keys.
Importance: Non-upgradeable contracts reduce the risk of unexpected changes.
What to look for: Smart contracts deployed without upgradeable features.
Importance: Third-party audits help identify and address vulnerabilities.
What to look for: Published results of security audits from third-party security firms.
The Privacy score evaluates how well a project safeguards user information and autonomy.
Importance: A clear policy informs users about data handling practices.
What to look for: A comprehensive, easily accessible privacy policy.
Importance: Limited data collection respects user privacy.
What to look for: Systems designed to operate without mandatory Know Your Customer processes.
Importance: Compliance efforts demonstrate commitment to legal operation.
What to look for: Clear communication about the project's regulatory status and efforts.
Importance: Privacy by default protects users proactively.
What to look for: Strong privacy features implemented as the default setting.
This scoring system provides a framework for evaluating projects across various dimensions.
Remember, while a high score indicates strength in these areas, it's important to conduct your own independent and thorough research before engaging with any cryptocurrency project.
We encourage ongoing discussion about these metrics. If you have insights or questions about how projects are scored, please reach out to us. We’re happy to engage with your feedback and or criticism.
Category: Openness
Team Information: 10 points
Documentation: 10 points
GitHub Presence: 10 points
Social Media Engagement: 5 points
Whitepaper Availability: 10 points
Funding Transparency: 10 points
Category: Technology
Mainnet Deployment: 10 points
Open Source Code: 20 points
Non-Custodial Asset Management: 10 points
Immutable Smart Contracts: 10 points
Security Audits: 10 points
Category: Privacy
Privacy Policy: 10 points
Minimal KYC Requirements: 10 points
Regulatory Compliance: 5 points
Default Privacy Settings: 10 points
Total Possible Score: 150 points