Restoring Sanity in the Crypto Space (re: coinmarketcap’D)

 

Access to valid and transparent information for the crypto space has been the subject of heated debate over the last few days

Increased transparency is one of the things we need the most, and this is our main goal here at CoinCheckup. In fact, it is one of the most important reasons that determined us to start this platform in the first place.

Lately, we’ve seen a lot of online chatter about the stats and information that some crypto platforms offer, and how providing inaccurate circulating supplies, market caps or rankings can lead to a flawed view of the market, which in turn impacts the investment performance of some coins.

These articles

• Part A1: Fraudulent data provided on CoinMarketCap distorts entire crypto-currency market perception;
• Part A2: False Circulating Supply changes Market Capitalisation, Ranking & Value of coins significantly on CoinMarketCap)

from @CoinMarketCapD attracted our attention the most, due to the amount of proof they’re bringing to the entire conversation and their effort to gather and document everything that is now wrong with the available information. Thanks for this, guys!

We think that this problem should be solved sooner rather than later, in order to make the crypto space as transparent and as useful as possible. If we cannot rely on multiple centralized information sources, then decentralization is what we should be working on, or at least a version of the truth with all cards laid out on the table.

Here’s what we’re doing about it

[bctt tweet=”CoinCheckup just launched a new open-source project on GitHub ( https://github.com/coincheckup/crypto-supplies ) that is meant to keep track of crypto coin’s circulating supply data in a normalized format.” username=”coincheckup”]

Open the Github Project

The end goal of the project is to have a more transparent and up to date source than what’s out there on the web right now.

In order to integrate as many coins’ circulating, available and total supplies, we need as much help from the crypto community as we can get, as everyone will benefit from our joint effort.

How can you contribute?

1. Go to https://github.com/coincheckup/crypto-supplies
2. Fork the project
3. Work on integrating your favourite coins
4. Create a pull request back to the original project

Please submit ATOMIC EDITS, one pull request per one coin, do not mix them.

How can you run all the available coins?

1. Clone or download the repository
2. Run npm install
3. Run node supplies.js

How to run an individual coin

1. Clone or download the repository
2. Run npm install
3. Run node supplies.js bitcoin.js

 

Sample output

cardano.js { c: 31112484646, t: 31112484646, m: 45000000000 }
neo.js { c: 65000000, t: 100000000, m: 100000000 }
litecoin.js { c: 55805983.23335135, t: 55805983.23335135, m: 84000000 }
bitcoin.js { c: 16937825, t: 21000000 }
ripple.js { c: 99992401961.25706, t: 99992434971, m: 100000000000 }
ethereum.js { c: 98424406.45 }