How does "ICO analytics" evaluate ICO projects?

Below we will provide a methodology for calculating some indicators that can help you to assess the prospects of each ICO project more objectively.

Weighted average rating

This indicator is aggregated and the ratings of 14 agencies are used to count it:

  1. ICObench
  2. ICORating
  3. ICOmarks
  4. ICOholder
  5. TrackICO
  6. Foundico
  7. Cryptorated
  8. Foxico
  9. ICOstock24
  10. CoinGecko
  11. ICObazaar
  12. ICORanker
  13. Coinschedule
  14. com

Of course, there are much more rating agencies, and we could take into account all of them, but many of them either put their assessment on the basis of the visitors voting, either do not tell the criteria of ratings, or give estimates only on a fee-paying basis. Therefore, from the general mass we have chosen those companies which, in our opinion, give the most objective estimation and do not conceal its criteria. Among other things, these are some of the most authoritative ICO agencies. Of course, this list is not complete and most likely it will be expanded with the new reputable agencies.

Estimates are assigned a weight in the form of site popularity of each agency (source - PR-CY Analysis), and then a weighted average rating is counted. In the absence of an evaluation of an agency, it is not counted in the calculation. The maximum estimate is 100.

For example, if the ICO received estimates only from two agencies of fourteen (the first-2.3 out of 5, the second-8.7 out of 10), and their popularity for a month was: the first-40 000 people, the second-70 000 people, the weighted average rating will be calculated as follows: 

where x is the project rating received from each agency,

Y – popularity of each agency per month,

Z – the highest possible rating of each agency,

n – Number of agencies counted the project rating,

M – Weighted average rating.

 

By substituting our data in the formula, we get:

Thus, the Weighted average rating of our ICO is 72.09 points from 100.

This method of counting is introduced by us, as rating agencies have a rather strong influence on the opinions of the investors, and if, for example, a project from one agency got 5 points out of 5, and from another-2 out of 5, then in fact it does not say anything. In addition to the assessment itself, it is important how many people have read it. After all, if the score of 5 points will be seen by 100 people, and the score of 2 points by 1000, then more than 90% of investors would believe that the project is unsuccessful, and will not invest in it. It is the reason why we use the estimation, weighted on popularity of sites, instead of the usual average score.

Road Map Analytics

This indicator specifies the degree of the project readiness in relation to the plan stated in the road map. The rating is given for the day specified in the ‘Last Update’ column. We specify the percentage of execution of the road map, which is calculated as the ratio of the passed stages to their total number (passed + planned). In this case, we try not to take into account the insignificant stages (for example, "Gathering the team" or "Idea was formalized"), because their processing by the team is almost easy, and they are not particularly affecting on the result.

Using this indicator, investors can estimate how far the team has advanced in the implementation of the plan, and, accordingly, how long it will have to wait for the return on investment in long-term investment.

Status

We use several statuses to specify at what stage the ICO process is:

1) Upcoming- is used when the date of the ICO has not yet arrived (the Pre-ICO date is not considered);

2) On going – is used when the date of the ICO start has arrived, and the date of its end has not arrived yet;

3) Ended – is used when the ICO end date has already passed;

4) Canceled – is used if ICO was scheduled, but for some reason has been canceled.

The statuses help the investor to orientate at what stage the interesting project is.

 

Other sections of our site provide investors the most useful short information that can be collected from official sources for each ICO. To obtain information, we study and use:

1) project sites;

2) Whitepaper;

3) Lightpaper;

4) social networks;

5) ICO branches on bitcointalk.com Forum;

6) Websites of ICO-trackers.

Global Crypto Analytics collects all available information about the main cryptocurrency for making a decision on investment.

 

As standard, currencies are sorted by capitalization, with indication of the place they occupy in the ranking. However, for the user's convenience, it is possible to sort almost by any criteria. This allows potential investors to look at cryptocurrency from different angles and to assess how promising it is.

The purpose of this product is not to create another rating of cryptocurrency. We try to give as much information about each currency as possible and give users the opportunity to choose the appropriate coin. For example, for almost every cryptocurrency our specialists indicate where or by whom it is already used. For example, if it is a large industrial holding, it is logical to assume that the coin has quite good prospects and in the future it is expected to grow.

Also for convenience we have divided all currencies on spheres of application that considerably facilitates work of investors, seeing more potential of blockchain in some certain direction of business.

In the future, our analysts will provide information about the number of positive and negative news published on each cryptocurrency. This information will help investors to estimate the news background around the coin and to understand how risky it is to invest money in it, if there is more negative news than positive ones.

«ICO Data World» collects all resources related to the ICO theme.

Resources are divided into several thematic groups. In each group, resources are ranked according to the most important criteria in our view. The criteria values are updated once a month. The following is a detailed description of the ranking principles of each section.

ICO News

The list includes news resources from many countries, including:

  • Russia
  • India
  • Great Britain
  • USA
  • Netherlands
  • Ukraine
  • Canada

The ICO news sources are listed according to the directory ranking. For the calculation of the rating we take into account the monthly popularity of each resource (the data of PR-CY Analysis are used for the estimation of popularity) and the average quantity of the news published per day. For each of these criteria, the sources are given points weighted by the coefficient 0.75 (for the number of news) and 0.25 (for popularity). Weights are distributed in this way because we believe that the number of news appearing on the resource is more important than its popularity.

 Here is an example of calculating the rating for the site CCN (https://www.ccn.com) on August 1, 2018:

  • Calculate points for the number of news:

 == 0,6786

x – Points for the amount of news,

y – The amount of news per day on the resource,

z – The maximum amount of news per day from the presented resources,

  • Calculate points for popularity:

== 0,1688

a – points for popularity,

b – Resource popularity per month,

c – Maximum popularity among all represented resources.

  • Then we calculate the final score for this resource taking the placed weights into account:

where t - the total number of points given to the resource.

Thus, the site CCN gained 0.55 points according to our methodology, as this is the second largest result of all news resources presented on our site, then CNN takes the second place after Cryptovest.

This approach allows our visitors to choose the most informative resources, which, in addition, monthly are visited by significant number of people.

ICO Reviews

Since it is quite difficult to find meaningful criteria for ranking of these resources, we rely on popularity among users as a priority in their arrangement. Ranking is carried out according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis data is used to estimate popularity. 

People

We try to identify all people who have weight in Cryptoworld and have made a significant contribution to the development of Cryptoindustry. People in the " People " section are ranked according to the rating of the guidebook. 3 factors are taken into account when counting the rating:

  • The number of subscribers to Twitter account;
  • Current capitalization of projects in which the person took part;
  • Rating "Top people in blockchain ", calculated Cointelegraph.com.

For each of the factors the person is given points. The highest number of points takes the first place in the ranking.

Let's calculate the rating on the example of Joseph Lubin, one of the co-founders of Ethereum –on July 19, 2018:

  • Calculate points for the number of followers on Twitter:

where x - the number of points;

y – number of followers of Joseph Lubin;

z – the maximum number of subscribers among all people in the list.

  • Calculate the points for capitalization of projects. As the only project of Mr. Lubin, the capitalization of which we can count, is Ethereum, we will take the information exclusively on it:

where a - the number of points;

b – Capitalization of the project;

c – maximum capitalization from the projects of all people in the list.

  • Calculate points for a place in the rating «Top people in blockchain» from Cointelegraph.com:

where m - the number of points;

l - rating of the person in «Top people in blockchain ";

n - Maximum rating «Top people in blockchain ".

Now we calculate the total number of points for all three indicators:

Thus, Joseph Lubin gains 1.53 points according to our methodology and takes the second place after Vitalik Buterin, who scores a maximum of 3 points.

Forums

The forums are ranked according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis data is used to estimate popularity.

ICO Launch Companies

The main criteria for the ranking of companies providing services for the ICO launch is the number of projects launched by them: the company, has the largest number of projects, is the first in the list, behind it-the rest in decreasing order. The number of executed projects is taken only from official websites of the companies. If the site does not specify the number of completed projects, it is considered equal to zero.

As the users of our directory are people from different regions of the world, we have gathered companies representing many countries:

  • USA;
  • Netherlands;
  • Russia;
  • Germany;

We are sure that any startup, decided to run the ICO, will be able to find suitable partners from this list for themselves.

Rating agencies

Rating agencies are ranked according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis data is used to estimate popularity.

«Crypto Data World» collects all resources related to the cryptocurrency theme.

 

Resources are divided into several thematic groups. In each group, resources are ranked according to the most important criteria in our view. The criteria values are updated once a month. The following is a detailed description of the ranking principles of each section.

All cryptocurrency exchanges

The reliability of cryptocurrency exchanges, in our opinion, depends not so much on the number of pairs, which are traded on them, but on the daily trading volume, and, of course, on the age of the exchange. The longer the exchange exists, the more confident the investors feel by transferring money to it, the more money it has in its circulation. That is why for each exchange we have specified the daily trading volume and the date of its launch, adding information about the location of its servers, and how many pairs are available for trading on it. This information will allow traders and investors to fully estimate the reliability of all cryptocurrency exchanges, including Korean, recently gaining much popularity

We ranked all the exchanges on our list in accordance with the daily trading volume of the exchange: the exchange with the highest trading volume is the first in the list, behind it-the rest in decreasing order.

All Analytical resources

All sites providing analytical notes on cryptocurrency have been divided into the types of analysis that they carry out:

  1. Technical;
  2. Fundamental;
  3. Technical and fundamental.

 This structure allows our visitors to select a resource with the type of information that they need.

Within the list all resources are ranked according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis data is used to estimate popularity.  

All cryptocurrency news

The list includes news resources from many countries, including:

  • Russia
  • India
  • Great Britain
  • USA
  • Netherlands
  • Ukraine
  • Canada

The news sources are listed according to the directory ranking. For the calculation of the rating we take into account the monthly popularity of each resource (the data of PR-CY Analysis are used for the estimation of popularity) and the average quantity of the news published per day. For each of these criteria, the sources are given points weighted by the coefficient 0.75 (for the number of news) and 0.25 (for popularity). Weights are distributed in this way because we believe that the number of news appearing on the resource is more important than its popularity.

 Here is an example of calculating the rating for the site CCN (https://www.ccn.com) on August 1, 2018

  • Calculate points for the number of news:

x – points for the amount of news,

y – the amount of news per day on the resource,

z – the maximum amount of news per day from the presented resources,

  • Calculate points for popularity:

a – points for popularity,

b – resource popularity per month,

c – maximum popularity among all represented resources.

  • Then we calculate the final score for this resource taking the placed weights into account:

where t - the total number of points given to the resource.

Thus, the site CCN gained 0.55 points according to our methodology, as this is the second largest result of all news resources presented on our site, then CNN takes the second place after Cryptovest.

This approach allows our visitors to choose the most informative resources, which, in addition, monthly are visited by significant number of people.

Online charts and prices

Since it is quite difficult to find meaningful criteria for ranking these resources, we rely on popularity among users as a priority in their arrangement. Ranking is carried out according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis data is used to estimate popularity. 

 This approach allows new users to choose the most popular resources from the variety of sites that exist on the Internet.

All about mining

Mining sites are characterized by a large amount of information provided. And since this topic is very extensive, the resources in this section are divided according to the types of information provided:

  • Mining Manuals (give instructions and describe approaches to mining);
  • Mining profit calculator (you can estimate which coins are the most profitable to mine now);
  • Pools (miners associations);
  • Equipment (sell, advertise or give reviews on equipment designed to mining);
  • Cloud Mining (offer to rent their servers).

Such structuring makes the search of the necessary information easier and more accessible, saving our visitors from necessity to go on each site.

Ranking of resources in the list is made according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis alysis data is used to estimate popularity.

Forums

The forums are ranked according to popularity: the resource with the greatest popularity goes first in the list, behind it-the rest in decreasing order. PR-CY Analysis data is used to estimate popularity.

Methodology of Cryptoworld news rating calculation

The rating of news for the day is based on the number of reference of each news in 10 relevant English-speaking news resources:

  1. Cryptovest
  2. Ethereum world news
  3. CRYPTOGLOBE
  4. Coin Telegraph
  5. AMBcrypto
  6. blokt
  7. com
  8. Bitcoinist
  9. CryptoDaily

The news, mentioned in the greatest number of sources, will be the leader of the day. The rest are ranked in decreasing order according to the number of resources mentioning them.

The rating for the week and month is based on the daily rating: the higher the rating of the news for the day, the better position the news will occupy on the results of the week or month.

This version of the weekly and monthly ratings is not final. We are constantly in the process of searching the best options and improving the existing ones. Therefore, the methodology could be changed later.