Bytecoin (BCN) Rating

Bytecoin (BCN)

The first private untraceable cryptocurrency

Description

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Bytecoin is an open, decentralized cryptocurrency, protecting privacy with untraceable and anonymous transactions. It is not a Bitcoin fork as some believe, but is the first cryptocurrency to use the CryptoNote technology. Bytecoin is not susceptible to the 51% attack and is thought by some to be far more secure than bitcoin and almost all other digital currencies.

Hype and Reach

Bytecoin (BCN) boasts a superb reach, with an exceptional social following. The project has great hype, with plenty of buzz on social media websites involving the project.

Community Trust/Red Flags

The community trust score concerning the project quite good, stipulating that there may be some concerns, but that they are probably past problems of no real current relevance.

Transparency

Bytecoin (BCN) is not transparent regarding commercial operations, which could be observed as a red flag in particular cases. It does not have a privacy policy, legal disclaimer or contact information accessible to evaluate on its website.

Backing

The project doesn’t have the backing of any VC organizations, other institutions or notable backers. This might suggest that the project is higher risk.

Product Completion

The completion score for the project is good, suggesting that the final product/mainnet has been released successfully.

Conclusion

Taking all metrics into mind, this project has a relatively poor final score. There are likely risks involved in investing in this project. Scores in each area should be investigated individually to ensure any red flags are investigated.

All prospective investors are advised to study the Bytecoin (BCN) whitepaper, which is available to view here.

Scores


86%
Hype Algorithm
88%
Reach Algorithm
80%
Product Completion
10%
Contact Info / Privacy Policy
0%
VC Backing
75%
Community Trust
58%
Result

MetricsParsed: 09/17/2018 22:34:05

Alexa Rank:141,426
Ahrefs Domain Rank:58
Google Mentions:21,900
Whitepaper Word Count:7,871
Telegram Subscribers:13,201
Twitter Followers:44,527
Tweets:2,600
Github Stars:426
Github Contributors:5
Github Forks:6,050
Github Commits:28

Disclaimer

This ICO rating has been scored algorithmically using our proprietary ICO rating algorithm. This rating is for entertainment purposes only, and any information on this page should not influence any investment decisions. Rating scores are not human ICO reviews or analyses and do not determine the viability, trustworthiness or potential of any ICO project. Data used in our rating may contain errors.

The ICO rating above should not be considered investment advice, use it for informational purposes only. Investing or trading in digital assets, such as those featured here, is extremely speculative and carries substantial risk. This rating should not be interpreted as advice to buy, sell or hold and should not be taken as an endorsement or recommendation of a particular asset.

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