If you haven’t been to CryptoCanary lately, we encourage you to take a look. We’re currently implementing a major site redesign to make it way more organized and easier to find the info you’re looking for!
New rating system
The most important change is a newly-activated rating-scale system. Instead of our old scale – which measured from Very Shady to Very Legit – our new rating system measures three different, but very important, dimensions: Team Quality, Info Quality, and Track Record.
These dimensions enable users to offer more nuanced insights when ranking crypto projects. It also provides fellow Canaries richer information about the projects.
Specifically, reviewers can now offer ratings of 1-5 for the following dimensions: Team Quality, Info Quality, Track Record.
What the additional dimensions measure
As users rank each of these dimensions, we urge them to ask themselves the following questions:
Team Quality: Does the team behind the project reflect professionalism? Do they have the kind of relevant experience that makes you confident they can deliver? (Or are they mostly no-name, semi-anonymous people appear to be in it for a quick cash grab?)
Info Quality: Are you able to find the information you are looking for on their website, whitepaper, etc. and is the information high-quality? Or are key insights missing or is it low-quality and loaded with errors or mistakes?
Track Record: Has the project delivered on its promises? If not, are there sufficient explanations why key milestones were missed? Or has the project been a series of missed deadlines undermining your confidence in the project?
What about my old reviews and ratings?
As far as handling the old ratings/reviews, we gave it a lot of thought and decided a straightforward approach was best.
Under the old model, if users rated a project 4 stars or “Lean Legit”, under the new system, this review would rate 4 stars for each of the 3 dimensions. In other words, your average rating in the old environment will stay the same.
However, we recognize that users may feel their old reviews do not adequately capture the additional details such as Team Quality, Info Quality, or Track Record. So, we invite them to revisit the old ratings/reviews and update them where appropriate.
Questions or suggestions?
We’re always looking for ways to make our site more valuable to our users and we’re open to your questions and comments. Drop us a line at firstname.lastname@example.org or reach out through our Telegram group https://t.me/cryptocanaryapp/.