Ranking Methodology Updated! New Metric Coming Soon
Next Monday (Sep 2, 2019),
we will be announcing a change in our ranking methodology
to ensure cryptoassets will have fairer representation in the
ranking when comparing across all cryptoassets. Previously, we
announced an expanded methodology that detailed the requirements that
were factored into the listing (and consequently, ranking) process. As
part of this push in July, we introduced an internal feature that would exclude
cryptoassets from being eligible to be ranked in the Top 200 if they did
not meet the criteria laid out in Section 10 of our methodology. Due to the
segmentation logic of this change, some cryptoassets that did not meet
the criteria had harsher-than-intended rank drops. In extreme cases, a
cryptoasset dropped 1000 ranks. This new change that we will announce
next Monday will fix and streamline the rankings so that all cryptoassets will
be fairly represented in the rankings. This will continue to be congruent with
the previously-published methodology. To make sure this is clear, here is what
the ranking segmentation will look like with this change: Additionally,
we would like to sincerely apologize for the confusion that was caused as an
unintended result of the change. We value the input given to us by projects who
professionally and amicably worked with us over email to support the change.
Going forward, we will be extremely careful with any changes made on the site.
We appreciate the feedback that has been provided, and have taken it to heart.
As unveiled during our first DATA roundtable, we will be releasing new metrics
based on liquidity to address the current concerns around inflated
volumes. We recognize the limitations of using solely volume as a metric,
and will be actively working to level the playing field with
liquidity-based metric. We have found any current solution on the
market to be lacking, and hence, have been taking the time to create a
statistically-provable and robust solution in contrast. There are a few issues
with the solutions out there today: Our stance, therefore, is to only
release a metric that is objective and non-binary. It has to be
data-driven, and include all relevant data points from all exchanges that are
listed on the site. The new liquidity-based metric that we will
release will have these attributes: Ultimately, this “liquidity factor” will
achieve the goals that we have stated above by being: Ultimately, this liquidity
metric will factor into market pairs, and will be combined with other metrics
that will go into the ranking of exchanges and projects. We are continuing to
refine this based on feedback, and welcome more of your thoughts too. We will
release more information about this metric as we get closer to the launch date
of November 12, 2019, at our first-ever conference, The Capital! Please remember
to follow us here and on our channels for more updates. Thank you once again for
your patience and support, and we continue to be committed to doing our best for
the industry.
Next Monday (Sep 2, 2019),
we will be announcing a change in our ranking methodology
to ensure cryptoassets will have fairer representation in the
ranking when comparing across all cryptoassets. Previously, we
announced an expanded methodology that detailed the requirements that
were factored into the listing (and consequently, ranking) process. As
part of this push in July, we introduced an internal feature that would exclude
cryptoassets from being eligible to be ranked in the Top 200 if they did
not meet the criteria laid out in Section 10 of our methodology. Due to the
segmentation logic of this change, some cryptoassets that did not meet
the criteria had harsher-than-intended rank drops. In extreme cases, a
cryptoasset dropped 1000 ranks. This new change that we will announce
next Monday will fix and streamline the rankings so that all cryptoassets will
be fairly represented in the rankings. This will continue to be congruent with
the previously-published methodology. To make sure this is clear, here is what
the ranking segmentation will look like with this change: Additionally,
we would like to sincerely apologize for the confusion that was caused as an
unintended result of the change. We value the input given to us by projects who
professionally and amicably worked with us over email to support the change.
Going forward, we will be extremely careful with any changes made on the site.
We appreciate the feedback that has been provided, and have taken it to heart.
As unveiled during our first DATA roundtable, we will be releasing new metrics
based on liquidity to address the current concerns around inflated
volumes. We recognize the limitations of using solely volume as a metric,
and will be actively working to level the playing field with
liquidity-based metric. We have found any current solution on the
market to be lacking, and hence, have been taking the time to create a
statistically-provable and robust solution in contrast. There are a few issues
with the solutions out there today: Our stance, therefore, is to only
release a metric that is objective and non-binary. It has to be
data-driven, and include all relevant data points from all exchanges that are
listed on the site. The new liquidity-based metric that we will
release will have these attributes: Ultimately, this “liquidity factor” will
achieve the goals that we have stated above by being: Ultimately, this liquidity
metric will factor into market pairs, and will be combined with other metrics
that will go into the ranking of exchanges and projects. We are continuing to
refine this based on feedback, and welcome more of your thoughts too. We will
release more information about this metric as we get closer to the launch date
of November 12, 2019, at our first-ever conference, The Capital! Please remember
to follow us here and on our channels for more updates. Thank you once again for
your patience and support, and we continue to be committed to doing our best for
the industry.
