A number of ratings platforms have popped up over the past year or two in the ever increasingly competitive world of crypto. Their apparent aim is an attempt to compare tokens on various merits such as adoption, technology and investment risk. Weiss is one of the more respected ratings outlets and they have just dropped a bombshell on EOS.
EOS has had a bit of a rough ride recently. The Ethereum rivaling token was pumped leading up to the highly anticipated June 1st event last weekend. There was a lot of fomo in anticipation of some big announcements when never really materialized. Since then EOS has dumped over 20 percent to its current level.
Weiss Ratings has just added fuel to the fire with a recent announcement stating that they were downgrading EOS due to centralization issues:
“EOS DOWNGRADE: #EOS has serious problems with centralization, and their event last week did anything to alleviate that, so we’ve severely downgraded its technology score. It’s now up to #ADA to launch a truly decentralized #PoS #blockchain. No pressure.”