Post
Topic
Board Bitcoin Discussion
Re: CoinGecko is introducing "Trust Score" to combat fake exchange volume
by
RealMalatesta
on 16/09/2019, 20:03:36 UTC
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.  Grin

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 😆😆
You know why it still would not trust their data completely, because they can never be completely truthful, they are just trying to hide under their shady deals, after they have collected money from those exchanges and projects with fake volume, now they are here to list them.

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.