Insolar was recently assessed by leading blockchain ratings agency TokenInsight as a stable project with great potential. Insolar was rated as BB, with only sixteen other blockchain projects achieving a better rating. As such, Insolar was placed above blockchain platforms which include the likes of IOTA, Storj and POA Network, amongst many others.
TokenInsight’s rating aims to provide accurate ratings for blockchain and cryptocurrency projects and is based on risk and quality in order to help investors and institutions to reduce liabilities and make more intelligent financial decisions. TokenInsight is an independent ratings agency that offers objective and impartial ratings of blockchain projects to the market.
In classifying Insolar as BB, TokenInsights noted of the project that its “technical feasibility is good, the status of operations is relatively stable, the possibility of influence on the project by unfavourable changes in the environment or uncertain factors exists to a relatively large extent, and risk is basically controllable.”
As part of its assessment, TokenInsight took into account Insolar’s team, which was noted to have “strong background experience, proper programming skills, high technological innovation, and excellent performance of the underlying blockchain development.” Whilst the ratings agency noted that the Insolar Blockchain Platform is still in its early stages of development, the project’s great potential was highlighted in particular.
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