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

Surprising, yet real. The China Centre for Info Market Development (CCID) has launched its fourth ‘Crypto job positions’, where the leading 3 placements have actually been taken by EOS, Ethereum and Komodo. Bitcoin goes to the 10th position.

CCID started the ranking process in May, where it placed a total amount of 28 cryptocurrencies. Throughout the following 3 months, it added 2, one and also 2 coins respectively to the listing. The current ranking that it has released puts EOS and also Ethereum in the leading 2 positions.
However, the greatest surprise is Komodo rising up to the Third placement from it’s previous ranking of 10. It is stated to be an ambitious project which permits independent blockchain programmers to begin their own task as well as set up an ICO. Also, a decentralized exchange is on the cards of the project.

Ranking Methodology

China Electronic Devices News Agency, which is controlled by CCID, claims that the position are provided based on “A detailed examination and also analysis of the general public chain from three aspects; basic technology, application and advancement”.

Nevertheless, the rankings do rule out the monetary viewpoint, that includes the coin cost, market capitalization and the trading volumes, which warrants why Bitcoin is not in the top setting.

Apart from these, Nebulas is rated 4th, NEO at Fifth and also Excellent at Sixth. Remarkably sufficient, several of the leading coins by market cap, such as Surge, Bitcoin money and also Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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