CoinMarketCap and Flipside Crypto partnered to Display Crypto Project Health Data

CoinMarketCap has partnered with Flipside Crypto to add Fundamental Crypto Asset Score (FCAS) metric to its platform.

CoinMarketCap is one of the popular providers of cryptocurrency market cap rankings, charts, and more.

Founded in 2017, Boston headquartered Flipside Crypto tracks blockchain transaction data, developer activity, and trading signals and provides a single health metric called Fundamental Crypto Asset Score (FCAS). The company has raised USD $4.4 Million in funding and majorly backed by coinbase Ventures, Digital Currency Group (DCG), True Ventures, Founder Collective, Castle Island.

To generated project specific FCAS, Flipside Crypto utilizes blockchain user transaction data, developer activity via open source public repositories and market maturity fundamentals via volatility based on trading activity.

PC: https://coinmarketcap.com/currencies/bitcoin/#ratings

Executive Opinion

Chief Executive Officer, at Flipside Crypto, Dave Balter, said, "We're thrilled to partner with CoinMarketCap, one of the most important data providers in the cryptocurrency landscape, as well as financial publishers TheStreet, MarketWatch and Stocktwits to distribute FCAS. Retail and institutional investors flock to these platforms to access sophisticated data about financial instruments, and have been hungering for a way to better understand cryptocurrencies. Adding FCAS data will provide their customers a simple, easy-to-understand format for tracking cryptocurrency projects beyond price."

Chief Executive Officer, at CoinMarketCap, Brandon Chez, said, "As the crypto data authority, we believe in continuing to add data that would be of value to our users and customers. Flipside's FCAS rating system will provide an additional element of insight into the fundamental health of projects for evaluating any cryptocurrency. We believe this will be a valuable research metric for our users, on top of our price and volume data.

Flipside Crypto FSCA Score

According to the blog post by Dave Balter, FCAS scores are mapped to 0-1000 point scale and letter grades are assigned to describe the health of crypto projects. Ranks are recorded as S - Superb (900 - 1000), A - Attractive (750 - 899), B - Basic (650 - 749), C - Caution (500 - 649) and F - Fragile (below 500).

FCAS data is now available through Flipside's suite of analysis tools including Kepler, a Portfolio Tracker designed for investors who seek to track changes in FCAS over time across their investment portfolio, and Hubble, a dashboard for gaining deeper insights into specific projects and entire blockchains, says the announcement.

Additionally, other players such as MarketWatch, TheStreet, and Stocktwits have also started distributing the FCAS scores.