Rating Method Baserank Cryptocurrency Ratings (BCR)
Baserank is a crowdsourced crypto asset rating platform, based in Prague, Czech Republic. Ratings are aggregated from crypto asset rating agencies, independent analysts, and experienced investors. Baserank aims to provide a transparent source of crypto asset ratings. The company was founded by Jindřich Bartek and Ondřej Pilný in 2017. The platform originally was launched to help investors find reliable Initial Coin Offerings (ICOs) and warn them about fraudulent projects. In April 2018 the Venezuelan Petro (cryptocurrency) (₽) was rated as fraudulent and given a "scam" rating due to lack of essential information and evidence of corrupted behavior. In April 2019, the platform was re-branded from icoindex.com to Baserank and the company started aggregating research, reviews, and ratings of the whole crypto asset market..
Crypto Rating Methodology
Baserank Ratings evaluate the risk of crypto assets. Ratings are crowdsourced from crypto asset rating agencies, independent analysts, and experienced investors. Crypto assets need to receive a rating from at least 3 sources to be evaluated by Baserank.
Rating Definition and Scale
Baserank Ratings are expressed as a number on a scale of 0–100, where 0 is the worst rating possible (highest risk) and 100 the best (lowest risk). Crypto assets with ratings below 30 are very risky, assets with ratings above 70 pose the lowest level of risk and everything in between 30–69 is in the speculative range of crypto assets with moderate risk.
- Article on Medium.com - "Introducing Baserank Rating™" (2020-12-20)
- Company's website (2020-12-05)