TokenInsight is delighted to release its latest monthly rating updates. Based on our data-driven and auto-rating platform, TokenInsight diligently tracks the performance and fundamental metrics of various blockchain projects and tokens, providing users with up-to-date and comprehensive assessments.
Currently, TokenInsight has listed a total of 388 token ratings. In September, there were a total of 24 projects that saw a decrease in their rating results, with 15 projects experiencing an increase.
Rating Changes
Below, we have listed some noteworthy token rating changes in September 2023.
Project Delisting:
- Swipe ($SXP): Removed from our rating list.
Due to rebranding, the original Swipe ($SXP) has been rebranded to Solar ($SXP) and migrated to the Solar mainnet. So, the previous rating results are no longer applicable.
- CryptoGPT ($GPT): Removed from our rating list.
Due to rebranding, the original CryptoGPT ($GPT) has been rebranded to LayerAI ($LAI), so the previous rating results are no longer applicable.
Project Upgrades:
- Polymesh ($POLYX): Upgraded from CCC Stable to B Stable.
The rating upgrade for $POLYX can be attributed primarily to secondary market indicators. Polymesh is a permissioned blockchain for regulated tokens, which digitizes real-world assets into security tokens, managed via smart contracts.
Rating Downgrades:
- CoinEx Token ($CET): Downgraded from BB Stable to B Stable.
The downgrade of $CET's rating can be attributed primarily to security and secondary market indicators. CoinEx suffered fierce security incidents in September.
- BNB ($BNB): Downgraded from AAA Negative to AA Stable.
The downgrade of $BNB's rating can be attributed primarily to its security indicators. Binance has faced adverse effects due to regulation issues.
- Pando ($PANDO): Downgraded from CCC Stable to CC Stable.
The downgrade of $PANDO's rating can be attributed primarily to its security, roadmap & progress, and ecosystem indicators. According to TokenInsight's analysis, the project's social media lacks upgrades, and there are concerns about the project's operation status.
- LEMONCHAIN ($LEMC): Downgraded from CCC Stable to CC Stable.
The downgrade of $LEMC's rating can be attributed primarily to its roadmap & progress and secondary market indicators. According to TokenInsight's analysis, the project lacks development progress synchronization with the community, and there are concerns about the sustainability of the project's services.
About TokenInsight and Rating Methodology
TokenInsight is an indicators-driven blockchain institution that provides market intelligence through ratings, industry research, and data analysis. Our rating methodology utilizes standardized criteria, combining quantitative and qualitative analysis to ensure objective and consistent evaluations. For a detailed understanding of our methodology, rating symbols, and outlooks, please refer to the TokenInsight Token Rating Methodology.
Notice: TokenInsight's rating methodology is solely for assessing the project and token's qualification and risk within the blockchain industry. It is not intended for evaluating the investment value of tokens. The rating results should not be the basis for making investment decisions.
Investing in blockchain projects carries inherent risks, and individuals should conduct their own research and seek advice from financial advisors before making any investment.
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