FCAS™ (Fundamental Crypto Asset Score)

Characterizing Cryptocurrencies

What is FCAS™?

Fundamental Crypto Asset Score (FCAS™) is a comparative metric used to assess the fundamental health of crypto projects. The score is derived from the interactivity between primary project life-cycle factors: User Activity, Developer Behavior, and Market Maturity. Each asset is given a score, 0-1000, and an associated rank.

FCAS™ Ratings

FCAS™ ratings are on a 0-1000 point scale with a corresponding letter grade. Break points are based on standard deviations in the underlying component distributions.

The number rating is derived from a combination of classical statistics with Bayesian approaches to provide a simple score for each metric. The ratings are intended solely to be statements of opinion as to the relative health of the applicable crypto projects based on available data.

Components

Derived from fundamentals

User Activity

An aggregate measurement of all customer behavior for a specific project, comprised of Network Activity and Project Utilization factors. This is the most complex metric we evaluate, and depending on the level of data we ingest for each project, the score has corresponding features making it:

  1. A better reflection of true activity and utility, and
  2. Extremely difficult to game or manipulate

User Activity has a high impact on a project’s overall FCAS™.

Developer Behavior

An indicator of how active and efficient a development community is on a specific blockchain or project. We track 30 variables, which are then bucketed into the three factors: Code Changes, Code Improvements, and Community Involvement.

The data is obtained by ingesting and evaluating events that occur in public and private (to the extent made available to us) developer code repositories like GitHub, Bitbucket and Gitlab.

Developer Behavior has a high impact on a project’s overall FCAS™.

Market Maturity

Derived from Risk and Liquidity factors, represents the likelihood a crypto asset will provide consistent returns across various market scenarios by combining multiple assessments of market Risk (specifically, exchange liquidity, price projections, price cliff potential, algorithmic prediction consistency, and price volatility).

Market Maturity has less than 5% impact on a project’s overall FCAS™.

Rating over 500+ projects