Hello everyone,
Recently, CoinMarketCap changed it's ranking system in regards to crypto exchanges, by some sort of miracle Binance (who bought the Website 6 weeks ago for a rumoured $400 million) is top.
What does everyone think about this? Has it broken your trust in regards to CMC being unbiased? Will you stop using their system? Or are you fine with another company investing to grow their reach?
I wrote an in depth article about the situation, my own personal feelings and what can be done if we want to change this. You can check it out below, would be great if I got some feedback on it!
https://www.publish0x.com/crypto-101/coinmarketcap-changes-marketing-ploy-via-binance-or-an-impro-xlllxme?a=GELe3POa69 Also, if you are interested the blog is written on a crypto blogging platform, where you can log in, upvote articles and earn crypto for free for doing so. Currently you can earn BAT, DAI and LRC. There are over 100k users on this platform and it is growing every day, I believe it will soo take over Steemit as the biggest blogging platform.
You can sign up through the article / link above if you want to join the platform.
Nice writeup, really enjoyed the article and you made sure to do your research.
It's an issue, people / Binance can stat it's better, but let's be honest, they have changed it to help Binance. They were working on a algorithm and they shifted since the buyout.
It is now a glorified marketing tool (if not an expensive one) for Binance. Expect more changes in the coming months, this is just the start.