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 Industry Advancement (CCID) has launched its fourth ‘Crypto project rankings’, where the top 3 placements have been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th setting.

CCID began the ranking process in May, where it placed a total amount of 28 cryptocurrencies. Throughout the complying with 3 months, it added two, one as well as 2 coins respectively to the listing. The most recent ranking that it has launched places EOS as well as Ethereum in the top two positions.

Nevertheless, the largest shock is Komodo rising to the 3rd setting from it’s previous ranking of 10. It is stated to be an enthusiastic project which permits independent blockchain programmers to begin their own job and installed an ICO. Additionally, a decentralized exchange is on the cards of the project.

Ranking Method
China Electronic Devices News Agency, which is regulated by CCID, claims that the position are offered based upon “An extensive investigation and also assessment of the general public chain from 3 facets; standard technology, application as well as innovation”.

Nevertheless, the rankings do rule out the financial perspective, which includes the coin rate, market capitalization as well as the trading volumes, which validates why Bitcoin is not in the leading setting.

In addition to these, Nebulas is ranked 4th, NEO at 5th and Excellent at Sixth. Remarkably enough, some of the leading coins by market cap, such as Surge, Bitcoin cash and Litecoin, do not include in the leading 10 of CCID’s rankings.

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