Methodology of the Cryptogeek Trust Score

Cryptogeek Trust Score measures the value of cryptocurrency projects based on the factors, others than user average star rating. It could help you in making the right choice of cryptocurrency service or company for your own needs.

Cryptogeek Trust Score takes into account some general, trading, safety, and social criteria.

The final calculation looks like this:
Trust Score = 0.25 * General + 0.24 * Trading + 0.31 * Safety + 0.2 * Social

Let’s dive into the details.

General

Y = Year

Year Rating
...-2017 5
2017-2019 4
2019-... 3

T = Core type

Core type Rating
Decentralized 5
Centralized 4

L = Number of languages

Number of languages Rating
More than 5 5
2-5 4
1 3

M - Mobile platforms

Mobile platforms Rating
iOS and Android 5
iOS or Android 4
No mobile application 0

General factors

Y = Year
The older the project the higher Y rating it gets.

T = Core type
Decentralized projects have a better T rating than centralized.

L = Number of languages
The number of product translations to different languages influence on the L rate.

M - Mobile platforms
The availability of mobile apps enhances the M rating for the company.

Then we calculate the overall General factors rate like this:
General = (Y + T + L + M) / 4

Trading

V = Volume

Volume Rating
More than max volume * 0.8 5
Max volume * 0.5 - max volume * 0.8 4
Max volume * 0.1 - max volume * 0.5 3
Less than max volume * 0.1 2

P = Pairs

Pairs Rating
More than max pairs * 0.8 5
Max pairs * 0.5 - max pairs * 0.8 4
Max pairs * 0.1 - max pairs * 0.5 3
Less than max pairs * 0.1 2

F = Fiat

Fiat Rating
Yes 5
No 4

Trading factors

V = Volume
The higher trading volume (applicable for exchanges) brings a higher V score.

P = Pairs
The number of cryptocurrency pairs available for trading (exchanges) provides more value to customers.

F = Fiat
Availability FIAT currencies to cryptocurrencies exchange increase F rate for the company.

The overall Trading formula is:
Trading = (V + P + F) / 3

Safety

2FA = Two factor authentication

Two factor authentication Rating
Yes 5
No 4

VER = Verification

Verification Rating
Verified 5
Unverified 4

Safety factors

2FA = Two factor authentication
If the service has 2FA, it provides more safety to the users, so the company gets higher Trust Score

VER = Verification
The company should be verified by docs for having greater Trust Score

Then we calculate the Safety Score:
Safety = (2FA + VER) / 2

Social

TF = Twitter followers

Twitter followers Rating
More than 500 5
100-500 4
10-100 3
Less than 10 2

WR = Website rank

Website rank Rating
Less than 25.000 5
25.000-50.000 4
50.000-100.000 3
More than 100.000 2

Social factors

TF = Twitter followers
The number of Twitter followers also correlates with overall Trust Rank.

WR = Website rank
We use website Alexa rank here as a Trust factor

Social value calculation looks like this:
Social = (TF + WR) / 2

Cryptogeek Trust Score

And finally, we move to the overall Trust Score for the company.
Trust Score = 0.25 * General + 0.24 * Trading + 0.31 * Safety + 0.2 * Social

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Cryptogeek service is free to use and completely independent.

You don’t have to surf the web for the information required. We’ve already done it for you. Thorough research and investigation we provide you with the most verified and up-to-date information. Cryptogeek service is free to use and completely independent.

We calculate a special Cryptogeek Trust Score based on the analysis above. It helps you to make the right decision and the best choice.