8 out of 10 Domestic Crypto Projects Rated 'Risky'... Kaia Tops Trustworthiness

Uk Jin

Summary

It was reported that 8 out of 10 domestic cryptocurrencies listed domestically received a 'Needs Improvement' or 'Not Rated' grade.
Kaia was the only one to receive an 'Excellent' rating, marking high trustworthiness.
Only 24 cryptocurrencies received a 'Good/Excellent' rating, with many projects receiving low evaluations.

Domestic cryptocurrencies, often referred to as 'Kimchi Coins', are still failing to stand out even in a bullish market and have received low trust ratings.

According to domestic crypto evaluation platform Apia on the 19th, out of 107 domestic cryptocurrencies listed on domestic exchanges, only 24 received a 'Good/Excellent' rating. Meanwhile, 60 were rated as 'Needs Improvement' and 23 as 'Not Rated'.

Among them, the highest-rated crypto project was Kaia. Kaia was the only one among the 107 domestic cryptocurrencies to achieve an excellent rating.

The following received a good rating: ▲Creditcoin (CTC), ▲MVL (MVL), ▲Fantom (FTM), ▲Miracle Play (MPT), ▲XPLA (XPLA), ▲Elysia (EL), ▲ZTX (ZTX), ▲ICON (ICX), ▲Bifrost (BFC).

On the other hand, ▲LoungeM (LZM), ▲Advanced Project (AUC), ▲Tidal Flats (TIDE), ▲Milo (MILO), ▲Xent (XENT), ▲SKLAY (SKLAY), ▲Poll Chain (POLL), ▲Gallery Coin (GLR) received the lowest scores.