CryptoToday: an Upcoming Decentralized Cryptocurrency Data and Listing Platform

source : cryptopotato.com

Data and listing platforms play a major role in the cryptocurrency field. It’s no coincidence that resources such as CoinMarketCap and CoinGecko are among the biggest websites by means of monthly visitors in the industry.

They tend to be one of the first places where someone would go to check critical information for a project, such as current price, market capitalization, total supply, and so forth.

However, there’s one thing that should be kept in mind – these venues are centralized in that they are owned by someone – a concept that goes somewhat against what many crypto proponents stand for. We’ve also seen quite a few glitches in the past. Whether or not true decentralization can be achieved and is beneficial is also something to consider, but it’s a topic for another discussion.

In any case, CryptoToday aims to deliver a decentralized alternative to the above.

Leveling the Playing Field

CryptoToday is an upcoming decentralized crypto data provider that’s made by the community for the community. It can be best described as a decentralized CoinMarketCap, so to speak.

There are many reasons for which an early-stage project would want to get listed on a larger monitoring platform, but validation and social proof are amongst the most important ones. However, going through the procedure can be quite challenging and take a lot of time.

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Centralized aggregators don’t accept payments for listings, and they tend to have rigorous procedures that can take quite a lot of time. On the contrary – CryptoToday proposes a model where everything is dictated by the community.

How Does it Work?

The process is rather straightforward. The project would have to submit a proposal for getting listed. Immediately after that, the proposal is sent to the community’s voting page, where people from the community can check and validate the information that has been provided and also cross-check publicly available information. Within 108 hours, if everything checks out, the project gets listed.

This achieves a few goals. Right off the bat, the project itself gets serious exposure to the community of voters who would have to check it out before approving it anyways.

It also achieves a certain degree of decentralization, at least in theory. The voters are also not left out.

Vote 2 Earn

Users who become an active part of the CryptoToday community are allowed to earn while voting.

They would have to check the information and tick the relevant checkboxes and lock their LIST tokens into the vote itself. Once the voting time is through, the majority of the votes are the successful ones that will share the reward pool given by the project.

The project is scheduled to launch on March 7th, 2022, and 10% of the tokens are unlocked immediately, while the rest are unlocked at a rate of 10% monthly.

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