On November 5, 2018, cryptocurrency charting application CoinGecko has launched a new feature dubbed Beam that is aimed at enhancing transparency amongst blockchain ventures. The latest feature will serve updates from developers of multiple blockchain projects at a single venue, making it a one-stop solution.
Enabling Direct Interactions With a Wider Audience
CoinGecko – an application that ranks cryptocurrency by various metrics such as developer repository activity, social media shares, and many others, have unveiled its latest feature Beam, with 12 exchanges and 87 token projects as its launch partner. CoinGecko Beam is touted to provide candor for blockchain projects.
According to CoinGecko blog, Beam will offer only authorized token project and exchange administrators to interact directly with the broader audience. Sharing project updates on the web have become chaotic with the rise in fraudulent activity.
Commenting on the launch of Beam, CoinGecko CEO said:
“CoinGecko Beam is a major feature that we hope will improve communications and transparency in the crypto community. This industry is riddled with misinformation, and project teams find it hard to stand out from all the communication clutter.”
CoinGecko – A One Stop Solution?
Meanwhile, users will benefit from the “single unified interface” where updates from multiple blockchain projects are available at a single location. Until now, users had to keep a tab on some social media accounts and blockchain project blogs to stay updated, but Beam now makes it simpler.
The new feature Beam is available on the web, and both mobile operating systems iOS and Android. The brief updates made by project developers are facilitated using CoinGecko API, CoinGecko Beam WIdget and CoinGecko Beam RSS. Simultaneously, four cryptocurrency apps namely CoinMarketApp, CoinTrendz, CryptoID and Crypto Market Cap, have consolidated CoinGecko Bema API with their applications. The move extends CoinGecko’s reach to over two million monthly unique users.
Lisk’s head of marketing Thomas Schouten stated “We are thrilled that CoinGecko is taking this initiative to improve transparency and project visibility in the blockchain ecosystem. CoinGecko has proven to be a great additional channel for us to connect with LSK token holders, as well as watchers, we are excited to see how Beam will develop.”
Using CoinGecko’s Beam traders can judge the potential of blockchain projects based on their developer activity and updates. At the same time, it will also act as a good indicator to decide the future prospectus of a project.
What’s your take on CoinGecko’s Beam feature? Share your views in the comments section.