Several tokens
Identifies projects with multiple distinct tokens
This metric identifies projects that have issued multiple distinct tokens within the same ecosystem or for the same activity.
When several tokens coexist for a single project, this can lead to value dilution and a dispersion of investor attention. In such cases, points are deducted from the score.
Stablecoins and wrapped tokens are not included in this analysis, as they generally have a neutral or positive effect on the ecosystem.
Competing tokens are identified when multiple tokens declare the same official website, indicating that they belong to the same project.
Source: coingecko.com. Clicking on the symbol opens this crypto on CoinGecko.
This metric is part of the Tokenomics category