Safe purchase of tokens on STON.fi | Integration Trust Score — token trust rating
The STON.fi exchange keeps getting better and safer!
In the latest update, a new feature has been introduced — the Trust Score token reliability rating, which has made the platform even more secure. Now users can make more informed decisions when purchasing tokens.
Trust Score is a percentage indicator that evaluates the reliability of tokens traded on STON.fi. It is based on DYOR algorithms, which analyze publicly available data to provide users with a simple and convenient way to check a token’s safety before making a purchase. This trust rating is displayed when you attempt to exchange tokens on STON.fi (see the image below).
As we can see in the image above, the token $STON has a Trust Score of 100%. This means the token is reliable and trustworthy. However, token ratings can sometimes be lower (see the image below).
Regardless of whether a token’s rating is high or low, it’s always essential to conduct your own analysis before making a purchase, as you are solely responsible for your finances. The Trust Score is just one of the tools to help evaluate a token.
How is the Trust Score calculated?
The Trust Score is determined using algorithms that analyze both on-chain and off-chain data. It processes and evaluates various parameters to assess the reliability and behavior of a token. Key factors include:
- Trading volume analysis: Evaluates the overall trading volume of the token.
- Price trends: Examines token price changes over different periods, including stability, volatility, and growth or decline dynamics.
- Minting and issuance: Studies the possibilities for minting new tokens, their quantity, and issuance conditions to identify potential risks associated with supply inflation.
- On-chain data: Analyzes blockchain metrics such as transaction activity, the number of unique users, and the volume of token movements between wallets.
- Off-chain data: Includes community activity, news mentions, platform ratings where the token is traded, and other external information.
Remember!
Trust Score is an excellent tool for evaluating a token before purchase, but it is not financial advice. Always conduct your own analysis using various tools when buying a token.
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