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

Shocking, yet real. The China Centre for Info Industry Advancement (CCID) has actually launched its fourth ‘Crypto task rankings’, where the leading 3 positions have been taken by EOS, Ethereum as well as Komodo. Bitcoin goes to the 10th position.

CCID started the ranking process in May, where it placed an overall of 28 cryptocurrencies. During the following 3 months, it included two, one as well as 2 coins specifically to the listing. The current position that it has released puts EOS and Ethereum in the leading 2 settings.

Nonetheless, the most significant shock is Komodo rising to the 3rd setting from it’s previous position of 10. It is stated to be an ambitious project which enables independent blockchain programmers to start their own project as well as put up an ICO. Additionally, a decentralized exchange gets on the cards of the task.

Ranking Method
China Electronic Devices News Agency, which is regulated by CCID, says that the position are given based upon “A thorough examination and assessment of the general public chain from 3 aspects; basic modern technology, application and also technology”.

Nevertheless, the rankings do not consider the monetary perspective, which includes the coin price, market capitalization and the trading volumes, which validates why Bitcoin is not in the top placement.

Apart from these, Nebulas is placed Fourth, NEO at Fifth and also Outstanding at 6th. Surprisingly enough, some of the leading coins by market cap, such as Surge, Bitcoin money and Litecoin, do not showcase in the leading 10 of CCID’s rankings.

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