The world’s leading crypto website, CoinMarketCap has added a new rating system called Fundamental Crypto Asset Score (FCAS) to its site.
According to a report on March 19, the FCAS evaluates raw blockchain data from blockchain-related projects and combine them with market data brought together from various sources. The new rating system scores cryptocurrency projects by analyzing user activity, developer behavior, and market maturity to determine the number of users, exchanges, contracts, and other types of participants.
- User Activity: The score calculates all customer behavior, project utilization, and network activity factors for a specific cryptocurrency.
- Developer Behavior: This includes the developer community’s activity and the effectiveness of that particular project.
- Market Maturity: This measures the possibility of crypto will supply constant returns across various market scheme by combining market risk and the stability of the tracked crypto supply.
FCAS and its data are provided by a blockchain analytic startup called Flipside Crypto, which has been backed by several different crypto investors including Coinbase, True Ventures, and Digital Currency Group. Last November, Flipside raised a $4.5 million seed round and has been launched several products with different types of analysis.
Carylyne Chan, Head of Global Marketing at CoinMarketCap, stated that the FCAS metrics would bring a more transparent view of how these assets are evolving for the users.
“If I’m a new user coming in with more tools and fundamental analysis like FCAS, the focus will be more holistic as opposed to only looking at the front page with the price.”, she said.
Furthermore, she added that the partnership is part of a broader plan to boost educational content to CoinMarketCap, such as explainers about blockchain technology and developers influence the ecosystem