Darpal Rating Index: Unbiased Crypto Asset Organization?

Darpal Rating aims to be the world’s first crypto asset rating organization. Find out how they work today in our review.

What Is Darpal Rating?

Darpal Rating, found online at DarpalRating.org, is a crypto asset rating organization founded in May 2017. The goal of the company is to provide unbiased assessments of crypto assets and blockchain-based tokens.

Darpal Rating aims to become the “Moody’s” of the digital currency industry. As of April 2018, the website is filled with blockchain reviews, interviews, audits, and other content. The company regularly publishes cryptocurrency rankings, including letter grades for various digital assets.

Darpal Rating uses science-based fact-checking and industry professionals to complete accurate ratings for various crypto assets. The system aims to help anyone in the crypto community make informed investment decisions.

Of course, there are plenty of ICO rating and review websites available today. What makes Darpal Rating different? Let’s take a closer look at the platform’s methodologies and rating system.

How Darpal Rating Unbiased Crypto Asset Organization Works

Darpal Rating regularly posts online content for the cryptocurrency industry. They regularly publish ratings for popular coins within the space, for example.

Those cryptocurrency rankings grade digital assets based on various characteristics. Then, Darpal publishes all of this information in easy-to-read chart form and assigns a letter grade. You get information like:

  • The name of the cryptocurrency
  • Its current market cap rank
  • The model or stage of the cryptocurrency (embryo, growth, or maturity)
  • The risk of a particular digital asset (low, medium, or high)
  • The popularity of a digital asset (low, medium, or high)
  • The overall grade of that asset (on a scale of E through A)

The end result is a system that grades dozens of cryptocurrencies on the market today. The April 12, 2018 rankings we listed above, for example, awarded Cardano (ADA) the highest grade in the industry – an A-.

Other highly-ranked cryptocurrencies in the recent report include Decred (CR), EOS (EOS), Ethereum (ETH), Loopring (LRC), NEO (NEO), Qtum (QTUM), and Zencash (ZEN), all of which received a B+.

Ranking towards the bottom of the list, meanwhile, were relatively unknown digital tokens like Centra (CTR) Project Pai (PAI) and Beauty Chain (BEC), along with some better-known tokens like Nucleus Vision (NCAS), Tether (USDT), Tron (TRX), and Verge (XVG), all of which received grades of D+ or lower.

Darpal Rating tells you whether the ratings for a particular digital asset have gone up or down since the last ranking.

The Darpal Rating Indices

Darpal is particularly well-known for two of its specific industry indices, including the Darpal Composite Index (DPC) and the Bitcoin Volatility Index (BVIX). You can access both of these measurements via a public API available through DarpalRating.org.

Darpal Composite Index (DPC)

The Darpal Composite Index, or DPC, is an index designed to provide comprehensive, at-a-glance information about the health of the cryptocurrency market. The index was created – and is maintained by – the Darpal Rating team.

The index consists of a series of different digital assets. These digital assets are separated into six different categories based on their most common use. The categories include Currency and Payment, Operating System, Trading and Transaction, Real World Gateway, Technical Solution, and “Others”. Here’s a breakdown of each category and the cryptocurrency holdings within:

Currency And Payment Tokens (36.10% Of The Darpal Composite Index):

BTC (29.01%), BCH (2.85%), LTC (1.66%), XMR (0.79%), XVR (0.23%), NANO (0.18%), DASH (0.65%), ZEC (0.19%), ETC (0.36%), and BTG (0.19%).

Operating System Tokens (23.50% Of The Darpal Composite Index):

ETH (16.58%), EOS (2.28%), ADA (2.10%), NEO (1.46%), QTUM (0.48%), ZIL (0.15%), AE (0.13%), RHOC (0.13%), IOST (0.10%), and ELF (0.08%).

Trading And Transaction Tokens (17.10% Of The Darpal Composite Index):

XRP (11.99%), XLM (2.66%), OMG (0.67%), BNB (0.61%), BTS (0.25%), WAVES (0.22%), DGD (0.22%), MKR (0.21%), REP (0.15%), and KCS (0.13%).

Real World Gateway Tokens (10.40% Of The Darpal Composite Index):

MIOTA (3.31%), XEM (2.40%), VEN (1.28%), ICX (0.81%), ONT (0.73%), BTM (0.69%), PPT (0.63%), WTC (0.26%), FCT (0.17%), and GXS (0.13%).

Other Tokens (6.60% Of The Darpal Composite Index):

TRX (3.31%), STEEM (0.86%), SNT (0.51%), BAT (0.33%), CENNZ (0.31%), SUB (0.31%), MITH (0.28%), SYS (0.25%), FUN (0.23%), and NAS (0.21%).

Overall, the goal of the index is to provide an accurate overview of the health of the cryptocurrency market, including all the major market cap cryptocurrencies in different segments of the industry. The index doesn’t just copy the top 10 or 20 most popular cryptocurrencies, nor does it follow trendy cryptocurrencies. Instead, it’s a handpicked selection of cryptocurrencies, with the cryptocurrencies within each category weighted by their respective market caps.

The Darpal Composite Index has another unique function: a dual weighting system. The weighting between categories is determined by the square root of the total market cap. This ensures large cap constituents don’t skew the index while also including small cap cryptocurrencies.

The Bitcoin Volatility Index (BVIX)

The Bitcoin Volatility Index, or BVIX, is another index created and maintained by Darpal Rating.

Darpal claims BVIX is the world’s first forward-looking measure of bitcoin’s volatility. The index measures the 30 day expected implied volatilities derived from bitcoin options.

It’s similar to the way the popular CBOE Volatility Index (VIX) is calculated in traditional financial markets, although Darpal Rating applied mathematical adjustments to reflect the unique features of bitcoin.

The goal is to reflect investors’ general sentiment towards the price of bitcoin as well as their uncertainties over future price volatility.

Darpal also describes BVIX as the “bitcoin fear index”.

Darpal Rating Index Conclusion

Darpal Rating is a rating organization focused on the cryptocurrency space. The goal is to create the “Moody’s” of the crypto asset space. Darpal Rating regularly publishes cryptocurrency rankings online, rating assets by their popularity, technology, team, and other crucial indicators, and then condensing everything into a letter grade.

Darpal Rating is also known for its two indices, including its Bitcoin Volatility Index (BVIX) and the Darpal Composite Index (DPC).

To learn more about Darpal or to check its latest rankings, visit online at DarpalRating.org or visit the company’s Medium page.

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