Weiss Ratings Named 12 "Weakest Cryptocurrencies"

Citing several factors, including risks for investors, technological features and popularity, the agency named 12 "weakest" coins
16 March 2018   1932

Weiss Ratings, one of the world's largest rating agencies, presented a new analysis related to the crypto-currency market, which included 12 of the weakest digital assets this time.

Citing several factors, including risks for investors, technological features and popularity, the agency assigned these alphanumeric ratings from D to E, where D means "weak", and E - "very weak".

According to Weiss Ratings, at present traders should avoid investing in the following crypto-currencies:

  • Auroracoin (D-)
  • Comet (E-)
  • Electroneum (E+)
  • Expanse (E)
  • Gulden (D-)
  • Matchpool (E)
  • Megacoin (E-)
  • Novacoin (E)
  • PotCoin (D-)
  • Quark (E-)
  • Rise (D-)
  • SaluS (E-)

Many newcomers rush into cryptocurrencies precisely at the wrong time — when speculative buying has reached a frenzy, crypto exchanges are overwhelmed and prices are on the brink of the next crash.

That’s a shame for two reasons: They lose a lot of money. Then they lose interest, bow out and miss out on the truly big opportunities.
 

Martin

Weiss Ratings

Recently, agency upgraded the rating of bitcoin from C + to B- in light of the development of technology Lightning Network.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.