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Topic: CoinGecko Adds “Trust Score” to Combat Fake Exchange Volume Data. Can it work? (Read 402 times)

brand new
Activity: 0
Merit: 0
Great article thanks for sharing it!

I think it's a great idea and more platforms should adopt this.

Also thanks for sharing the blogging platform, i've signed up and already earned some HYDRO and DAI tokens (both on CMC, on exchanges and also have a daily trade volume of over 1 million USD. I would recommend this platform to anyone else who wants to earn crypto. You can sign up on the blog post.
brand new
Activity: 0
Merit: 0
I think it's a great idea and more platforms should try to implement this, the more trust we have from centralised exchanges the better.

Also thanks for sharing the blogging platform, I've looked into it and it's great! You can earn DAI (which is listed on numerous exchanges and is a top 100 token on CoinMarketCap) and HYDRO (got a market cap of over 7 million USD). I've signed up and already started earning for free. You can sign up while reading the article. PS I tipped the article, since you showed me a way to earn free crypto!
brand new
Activity: 0
Merit: 0
Hello crypto lovers,

CoinGecko has added a Trust score to exchanges to try to fight fake exchange volumes, do you think this can work?

https://www.publish0x.com/coingecko-publish0x-blog/coingecko-introduces-trust-score-to-combat-fake-exchange-volume-data-xwnzjd?a=GELe3POa69

Also I would check out the platform that the article is written on. It's a new blogging platform where you get crypto for creating articles / upvoting articles. I have been using it for a month and I've already earned more than I had on Steemit.

I'm apprehensive if this can actually work, in theory it is needed, but I don't see how this can be implemented in a fool proof way when most large exchanges are centralised.

It's an interesting read though and the blogging platform looks great, i've signed up to it and already started earning some HYDRO and DAI for free.
brand new
Activity: 0
Merit: 0
Hello crypto lovers,

CoinGecko has added a Trust score to exchanges to try to fight fake exchange volumes, do you think this can work?

https://www.publish0x.com/coingecko-publish0x-blog/coingecko-introduces-trust-score-to-combat-fake-exchange-volume-data-xwnzjd?a=GELe3POa69

Also I would check out the platform that the article is written on. It's a new blogging platform where you get crypto for creating articles / upvoting articles. I have been using it for a month and I've already earned more than I had on Steemit.

It's a great step forward, but i honestly don't know how they will actually pull this off. 

Also the blogging platform is another great way to earn crypto, i've been using it also and it's another great way to earn crypto, especially because they have just added a token that is in the top 100 tokens on CoinMarketCap.
brand new
Activity: 0
Merit: 0
Hello crypto lovers,

CoinGecko has added a Trust score to exchanges to try to fight fake exchange volumes, do you think this can work?

https://www.publish0x.com/coingecko-publish0x-blog/coingecko-introduces-trust-score-to-combat-fake-exchange-volume-data-xwnzjd?a=GELe3POa69

Also I would check out the platform that the article is written on. It's a new blogging platform where you get crypto for creating articles / upvoting articles. I have been using it for a month and I've already earned more than I had on Steemit.

It's a great step forward to combating exchanges that are clearly cheating the system.

Great article, thanks for sharing the content and i've signed up the blogging platform, it's a great way to earn crypto easily and for free. I would recommend the blogging platform to everyone who is looking to earn crypto.
brand new
Activity: 0
Merit: 0
Nice article thanks for sharing the content.

It seems that it is needed as there are too many exchanges that are fiddling the numbers to make people think they are more active.

Also the blogging platform that you have written the article one is a great way to earn tokens as well. You can earn both Bounty0x and HYDRO which are valuable and easily exchangeable. It's another great tool, even if you are not a blogger, you can earn a decent amount of tokens from it, simply by reading great content and liking it.
brand new
Activity: 0
Merit: 0
Hello crypto lovers,

CoinGecko has added a Trust score to exchanges to try to fight fake exchange volumes, do you think this can work?

https://www.publish0x.com/coingecko-publish0x-blog/coingecko-introduces-trust-score-to-combat-fake-exchange-volume-data-xwnzjd?a=GELe3POa69

Also I would check out the platform that the article is written on. It's a new blogging platform where you get crypto for creating articles / upvoting articles. I have been using it for a month and I've already earned more than I had on Steemit.

It's a great idea, i just don't know how they execute what they suggest though. It's a step in the right direction though.

It's a nice read, thanks for sharing the content and i've signed up to the blogging platform. It's a great way to earn some bounty0x / HYRDRO tokens, both of which are on a lot of exchanges and have a value that could grow with the market. I would recommend that anyone who is looking for a way to earn some crypto use it. You can sign up by clicking on the article and signing up on the page.
member
Activity: 672
Merit: 12
unfortunately, fake trading volumes that are hard to detect for outside observers may even turn on exchanges, even not by their will.
Idea of the coingecko platform is quite good, I like it
jr. member
Activity: 107
Merit: 2
It's a great thing to combat the false amounts in theory, i just don't know how it works in real life. Regardless, it's a great step forward.

Sidenote, I would also check out the platform the article is posted on, you can earn 3 strong tokens for simply upvoting articles and creating content. I think they will become bigger than Steemit in regards to users and earnings in the future. Today they added DAI (a stable token in the top 100 tokens listed on CoinMarketCap. I would recommend you sign up to it.
legendary
Activity: 1638
Merit: 1042
It's great to see that they are trying to combat the exchanges and their false volumes.

yes, it's nice to see when they take action against it. of course it's very tempting for the exchanges, but basically it throws a bad
impression on you and also makes for a bad reputation. nevertheless, exchanges like to work with fake volume Roll Eyes
jr. member
Activity: 133
Merit: 2
It's great to see that they are trying to combat the exchanges and their false volumes. Whether this will work though is another thing, as i don't know how they can successfully check their volumes.

Also thanks for sharing the blogging platform, its great and i've been using it for a few weeks, i've earned quite a decent amount of Bounty0x and HYDRO tokens and also today they have added another token DAI which is not just a stablecoin, but also in the top 100 tokens on CoinMarketCap. You can sign up to the platform by clicking on the blog article.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
I am not sure because it needs to test before it can combat with the fake volume data that is happening on other exchanges. If they can serve the real data, then I think the trader will use it for their analysis and that will help them to trade following the data itself. But still, coingecko needs to stay neutral and not choose one big exchanges because that will not be good for themselves. If they want to combat the fake exchange volume data, they need to be ready for anything that might happen later.
hero member
Activity: 1232
Merit: 503
I think will not really help us. They still not accurate at the moment. You know about bitebtc exchanger ? CoinGecko already mark and give warning but trader still use to trade. This fact tell us trader not really use CoinGecko for know about market reputation.
This would only help if the user uses coingecko to identify the actual exchange volume, having a fake volume doesn't stop real traders to use their exchange, all it do is give the traders confidence, in your case the trader doesn't know the exchange is faking their volume.
member
Activity: 749
Merit: 13
I think will not really help us. They still not accurate at the moment. You know about bitebtc exchanger ? CoinGecko already mark and give warning but trader still use to trade. This fact tell us trader not really use CoinGecko for know about market reputation.
sr. member
Activity: 658
Merit: 250
Coingecko popularity have increased since cmc begin paid listing, this new feature of exchange trust score will further boost their website.
I checked the content publishing website and found it good, pm me your referral link for me to register through you.
member
Activity: 308
Merit: 10
yeah it works, it making we are here can see the rael data trading volume.
but coin gecko is not popular like Coinmarketcap and making this feature is not seeing for all people.
we need to believe that true data to support marketcap to grow to better.
full member
Activity: 644
Merit: 100
Excellent idea, this must be a long time ago to help users to avoid problems. Some exchanges when you selling low cap coins volume just disappears. 
legendary
Activity: 1484
Merit: 1004
For me, it is still less anticipating fraud in trading volumes because this is still unclear in real work and can it be held accountable for all the values given? I think it's still ineffective because it can still move without anyone's knowledge, I hope there is a better concept in anticipating volume forgery, let's look at this concept to what extent it can be useful.
legendary
Activity: 2226
Merit: 1086
Free Bitcoins Every Hour!
Actually, we don't know whether it will work or not because what we need is that the trust of CoinGecko in giving the Trust Score for the exchange reviewed in this.
However, the effort from CoinGecko in order to decrease the face exchange volume should be appreciated, at least, it can add the trust for COinGecko itself and use it as the representation or guidance.
Now, many exchanges use the fake trading volume to gain more members using the exchange. They make certain fake volume and it is deceiving.
So, I only hope that this way can be one of the significant ways to decrease the fake trading volume in the exchanges.
member
Activity: 1022
Merit: 20
RiveMont
I think filtering fake volume is not an easy task and there are many different ways these exchanges use to fake the volume for example buying and selling themselves using dozens of accounts, bot trading is another tool where these bots continuosly setup buy and sell orders just to show that there are hundreds of transactions and trades being performed daily.
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