Crypto powerhouses come up with Crypto Rating System - Steem needs to be on there
A consortium of who's who in crypto banded together to create a new token rating system
Coinbase announced in a blog post today that Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have all banded together to come up with a crypto rating system.
The goal is to help distinguish which coins that are likely to be labeled securities by regulators and which ones are not.
The rating system will help each other, and other exchanges, quickly decide which tokens can be included on their platforms and likely escape the wrath of the SEC and other regulators.
The blog post can be seen here:
https://blog.coinbase.com/introducing-the-crypto-rating-council-d6ee33a8f34d
Unfortunately there was no mention of Steem
Steem was not one of the tokens mentioned on the ratings website.
Steem is pretty far down on the coinmarketcap list right now which likely was a major reason it wasn't included in the rankings.
Steem is also only listed on one of those exchanges that were working on the rating system mentioned above, which also doesn't help.
But still...
How nice would it have been to see steem come out far down on the security spectrum which would give people all the more incentive to purchase it?
The ratings can be seen here btw:
https://www.cryptoratingcouncil.com/asset-ratings
There were only 20 coins rated as of right now.
A lower number rating means less likely to be a security, a higher number means more likely to be labeled a security.
The expectation is that more coins will be rated in the future.
Getting steem listed on Coinbase would likely go a long ways in getting steem included in a ranking like this one.
I know we have beat this to death already, but we really do need to get steem listed on Coinbase in the worst kind of way.
Does anyone have any idea why it hasn't been already?
A listing fee has been proposed as a possibility in the past, though I doubt that is it at the moment, but if it is, perhaps we can put together a funding round from the DAO/SPS in order to build up enough capital to pay for the listing?
What do you think?
We would need to hear from Inc or someone with connections as to what the hold up is regarding steem before we could proceed with something like this.
Stay informed my friends.
Image Source:
https://www.cryptoratingcouncil.com/asset-ratings
-Doc
But sadly no one from steem inc will contact you
That's ok, I am sure they are busy themselves. As long as we get on Coinbase eventually that is what matters. It will probably take someone with better connections than me to push through a Coinbase funding proposal.
cool the four coins i have there three of them are the highest next to ripple and i wouldnt take ripple if they gave it to me
only monero is low but foam loom and eos are high up there
thanks for the link and have a great evening JR
It just means they are more likely to be deemed a security by the SEC. Not that they are for sure.
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