Unlike other industries, the crypto world is a very transparent one. As its core philosophy comes from the most popular blockchain-based projects such as Bitcoin and Ethereum, it’s no wonder that these projects are being developed in such open communities. Anyone willing to participate can join and propose their improvements and upgrades for networks. This was, after all, the vision of Satoshi, the original Bitcoin developer, who wanted complete transparency for blockchain technologies. In addition to the publicly available code, many crypto and blockchain projects have public ledgers of all their transactions along with whitepaper documents with detailed descriptions of their projects.
All this transparency is necessary since many projects are getting funding for development by conducting initial coin offerings (ICO). That means that somebody has to invest based only on ideas or by looking at a minimum viable product (MVP). After fundraising, projects have to continue informing their investors about their progress and maintain a good reputation.
Various crypto ratings to inform you
As an individual, it can be difficult to keep track of all projects out there, but luckily there are a lot of crypto rating sites that can help you make a decision on whether to buy or sell the various projects’ tokens.
One of the most famous ratings platforms is Weiss Crypto Rating, a reputable agency providing ratings for stocks and other assets on a global scale. They started to publish crypto ratings at the end of 2017 and currently they have 125 coins and tokens in their ratings.
Another well-known rating report is published by China’s Center for Information and Industry Development. It features 35 coins,