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 Info Market Growth (CCID) has released its 4th ‘Crypto task rankings’, where the top 3 placements have been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th setting.

CCID began the ranking procedure in May, where it ranked a total of 28 cryptocurrencies. During the complying with 3 months, it included two, one as well as 2 coins specifically to the listing. The most recent ranking that it has actually launched places EOS and Ethereum in the top two placements.

Nevertheless, the biggest shock is Komodo rising up to the 3rd placement from it’s previous ranking of 10. It is stated to be an ambitious project which allows independent blockchain developers to start their own job as well as set up an ICO. Also, a decentralized exchange gets on the cards of the task.

Ranking Methodology
China Electronics News Agency, which is governed by CCID, says that the position are given based upon “A comprehensive investigation as well as evaluation of the general public chain from 3 facets; basic modern technology, application as well as advancement”.

Nevertheless, the positions do rule out the financial perspective, that includes the coin cost, market capitalization and the trading volumes, which justifies why Bitcoin is not in the leading position.

Apart from these, Nebulas is placed 4th, NEO at 5th as well as Stellar at 6th. Surprisingly enough, a few of the leading coins by market cap, such as Ripple, Bitcoin cash as well as Litecoin, do not feature in the leading 10 of CCID’s rankings.

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