INTRODUCING TRUST SCORE AND ITS BENEFITS.
Periodically in the blockchain ecosystem, different narratives come up, each of them with their positive and negative impact. 2024, is the year of TON blockchain, achieving popularity through play2earn games and many other new protocols launched.
While this of course is a bold step in the right direction for the TON Blockchain ecosystem, it seems that keeping tabs on each of these new protocols is a daunting task.
Within this time some traded tokens have done massive upward trend and turned many users intomillionaires overnight, while others end up being tokens scams & rug pools.
To give users an insight on the token they are trading, Ston.fi has partnered with DYOR.io — an analytical platform exploring tokens, NFTs, and blockchain Applications on TON released its own DEX ranking to add a new feature called “trust score” to the Ston.fi dApp.
DYOR.io reviews and scores protocols based on 3 fundamental metrics (Trading volume, price changes and, Minting possibility). This “trust score”
Is assigned to every token on STONFI Dex.
HOW ARE "TRUST SCORE ASSIGNED:
DYOR.io has a trust score system that processes a wide range of data including trading volume, price changes over periods (price fluctuations), and minting possibility (if new tokens be created easily).
After processing this data, the trust score system outputs a percentage value (between 0 & 100) signifying the token’s rating. A trust score of 100 represents a reliable and trusted token, while a low trust score is a cue for users to trade with caution.
This type of development is necessary as it eliminates generic optimism around a project’s token, and focuses on ratings based on key data metrics.
Trust Scores are just insights:
. The data set used by the Trust Score system is limited to only publicly available data. Other decisive data and newc can be kept private by the project developers.
EXPLORE MORE ABOUT TRUST SCORE
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