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 = 0.21 * General + 0.2 * Trading + 0.26 * Safety + 0.16 * Social
Let’s dive into the details.
General
Y = Year
| Year | Rating |
|---|---|
| ...-2020 | 5 |
| 2021-2023 | 4 |
| 2024-... | 3 |
T = Type
| 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 app
| Mobile app | 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 trading
| Fiat trading | 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 |
Social factors
TF = Twitter followers
The number of Twitter followers also correlates with overall Trust Rank.
Social value calculation looks like this:
Social = TF
Cryptogeek Trust Score
And finally, we move to the overall Trust Score for the company.
Trust Score = 0.21 * General + 0.2 * Trading + 0.26 * Safety + 0.16 * Social
We provide you with the most verified and up-to-date information thorough research and investigation.
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.