Topic: CoinGecko is introducing "Trust Score" to combat fake exchange volume - page 2. (Read 885 times)
September 21, 2019, 03:40:06 PM
This is a better step. We have been expecting Coinmarketcap to do something about fakes volumes and fake exchanges, but till now, not even warning about frequently reported fake exchanges or the plan to delist them. The problem I have is that I defaultly search at CMC.
September 21, 2019, 02:45:25 PM
I really look forward to news like this. I think this good news will have an impact on the return of merchant confidence in a number of large markets (which usually use bot traders so that create fake volumes)
September 21, 2019, 02:07:25 PM
I don't know how far they have gone on this but am sure and know most exchange are just mad regard this volume of a thing and those that willing to scam are still doing business with such , to the extend that we have exchange that kill project once launch which makes some team use them to run away with excuse of market not performing , and this need a serious attention .
I could not agree with you less because i know that some exchanges has been practicing this in a long time and where they started from is from where they directly buy some of the coins themselves and then get profit on them after which they dump it on the market so that the project can actually collapse which they would have achieve two things, they would have already made profit from those projects and then at the same time benefit from the part of which you see it from also. If we start having regulations within ourselves like coin gecko is planning to do, i am sure that we will gradually start cleaning up the mess that some of these scammers have brought to the cryptocurrency market. Hope that they have started functioning already because i have not heard much from them.
September 17, 2019, 02:13:02 AM
I don't know how far they have gone on this but am sure and know most exchange are just mad regard this volume of a thing and those that willing to scam are still doing business with such , to the extend that we have exchange that kill project once launch which makes some team use them to run away with excuse of market not performing , and this need a serious attention .
September 16, 2019, 04:03:36 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data. 
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
I usually use CMC, but this information will make me think, CoinGecko may attract more users, this is a good start, we will wait and see what CMC will do next 😆😆Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Since may till now, if they were really working perfectly, at least by now, we ought to have seen some changes in whatever it is they have done, but till date, everything that we see is still projects and exchanges with much more fake volumes, if the way they intend to curb it in their own way was effective, at least we should have heard that some dropped from top list to a very low level where they deserve, but we will still give them chance to proof themselves.
September 16, 2019, 08:28:39 AM
That could be bad news to several exchanges like Okex, Idax, Bitmax and other shady chinese exchanges. But that is not going to be the case because coinmarketcap is still the leading go-to for traders to check price movements and ranking. I personally don't like the ui of coingecko which looks garbage to be honest. But CMC will follow that then it will ruin the flow of the profit of those exchanges.
September 16, 2019, 07:51:57 AM
I doubt that their "Trust Score" will be any different from the CMC
September 14, 2019, 12:55:59 PM
Good. I never know what to believe with these so-called volumes. It takes too much time to find out how much data they use and work out if their volume is real or not, besides being out of the grasp of most people.
This is where you come in and do it for us.
I trust Coingecko and have always used them. They give you almost all the info if not all of the info you need. Very easy to see and nice graphs.
I wonder what excuses exchanges will have for their bad volume scores on coingecko now that they cannot hide?
This is where you come in and do it for us.
I trust Coingecko and have always used them. They give you almost all the info if not all of the info you need. Very easy to see and nice graphs.I wonder what excuses exchanges will have for their bad volume scores on coingecko now that they cannot hide?
September 13, 2019, 10:41:03 AM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
I usually use CMC, but this information will make me think, CoinGecko may attract more users, this is a good start, we will wait and see what CMC will do next 😆😆 Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
September 13, 2019, 08:17:05 AM
Why do CoinGecko think they can provide more realistic data than CMC ?
no they arent only thinking it but they are doing it . coingecko before is already well known due to its accurate and fair information but look what they have here , they are now introducing new features .
coingecko is i think really better than cmc because i heard several positive reviews from them while i hear a couple of negative reviews from the side of cmc . some says cmc are llisting manipulative data's from exchanges and from some coins .
September 13, 2019, 04:57:57 AM
Good start to clean the shit
May 28, 2019, 10:05:01 PM
Coinmarketcap has a better traffic rank but with these new features Coingecko will pull a lot of traffic, and they can shorten the gap I'm using both but will use Coingecko more because of this new feature, I have no problem on both of their ads since I do my own research when I'm investing.
The tendency is for them to copy this tool. A simple search ends up can prevent several users from depositing money and end up losing.
May 28, 2019, 12:15:00 PM
Coinmarketcap has a better traffic rank but with these new features Coingecko will pull a lot of traffic, and they can shorten the gap I'm using both but will use Coingecko more because of this new feature, I have no problem on both of their ads since I do my own research when I'm investing.
May 28, 2019, 07:39:43 AM
Strongly appreciate and support this new policy. This will help traders and investors to analyze coins without having to manipulate market volume.
As it is known to many who think that the coinmarketcap might be a rival of Coingecko, where CMC recently worked with coin developers to manipulate volume, whether this news is true or false, I certainly hope Coingecko becomes the best market overview.
As it is known to many who think that the coinmarketcap might be a rival of Coingecko, where CMC recently worked with coin developers to manipulate volume, whether this news is true or false, I certainly hope Coingecko becomes the best market overview.
May 28, 2019, 06:40:28 AM
more choices of information is better for us and the market
May 19, 2019, 07:42:05 PM
Of course, we are most accustomed to coinmarketcap, but it has its drawbacks. Therefore, we need such projects. There were too many fake exchanges.
Maybe it's time for coinmarketcap now to do the same, they don't want to see people leaving their site because of the inaccurate information, right?
As an investor, we need an accurate information for us to have an accurate decision, this kind of platform really helps but I got used to searching info at https://coinmarketcap.com/,so hope they can act on this the soonest.
May 19, 2019, 05:52:28 PM
Of course, we are most accustomed to coinmarketcap, but it has its drawbacks. Therefore, we need such projects. There were too many fake exchanges.
May 19, 2019, 05:28:26 PM
I've stopped using coinmarketcap myself, coingecko is one of the better alternatives that I have been using. CMC has shown to be untrustworthy by advertising crypto scams and showing fake volume.
But CMC is the most popular cryptocurrency price tracking website. You will assure CoinGecko is providing fully real volume? CMC is something greedy i agree with you because they promoting scam project & those are showing up on the website.
May 19, 2019, 03:10:00 PM
Hello everyone! CoinGecko is introducing "Trust Score" to combat fake exchange volume. From today onwards, we won't be sorting exchanges by reported volume but will take into account web traffic and orderbook data.
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Full announcement: https://blog.coingecko.com/trust-score/
Great to be acknowledge by CZ from Binance and CoinDesk:
https://twitter.com/cz_binance/status/1127928142859866113
https://www.coindesk.com/coingecko-unveils-exchange-trust-score-to-fight-fake-volume-data
Check it out and let us know what you think!
Great to read these news. It's about time some of these websites start showing the real volume of the market.
That's some good stuff. Though unfortunately since majority are still geared towards CoinMarketCap, I don't think this makes that much of an impact. It's a step forward though; I just wish they'd do a re-make on their UI.
CMC does not show live trading price changes and volume and as more people come to this market they will start to look at other options too. Either coinmarketcap improves their website quality or sooner or later they will be left behind.
May 19, 2019, 02:36:47 PM
Dozens of crypto projects has recently resorted in manipulating volume by buying and selling their own tokens which is listed on new exchanges as a way to deceive investors that all is well. As coingecko is introducing Trust Score ,will help eliminate fake projects.
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