For an industry obsessed with verifiability, with eliminating the need to trust other people, crypto has, well, a huge trust problem. 

So we’re thrilled to announce that we partnered with Forgd to fix that. Our Universal Token Ratings is a continuously updated metric for scoring token disclosure and performance. At a glance, a token’s UTR will tell you whether a team has been transparent and how well the token is performing. Most importantly, unlike other token rating frameworks, the UTR is updated in real-time. 

We hope the UTR will vanquish one of the biggest obstacles to crypto adoption. Bitcoin may have gone mainstream, but the industry labors under the weight of scams and rug pulls. 

Consider the standard token launch. A new token is out, and it seems everyone’s piling in. The team is largely anonymous, and it’s unclear how much of the supply is held by insiders. But influencers and investors you trust say the project shows promise. Do you buy? 

The need for token disclosure was made painfully obvious last year, when Argentine president Javier Milei endorsed a brand-new memecoin called Libra. Within minutes, its price soared and its market capitalization topped $4 billion. Then insiders — who held some 70% of the token’s supply — sold, and the token crashed.

A UTR could have told would-be investors that Libra’s creators had disclosed next to nothing about its tokenomics. Or perhaps someone wanted to invest before a UTR had been established. Savvy investors could wait for a score before plowing their hard-earned money into a questionable project. 

Here’s how it works. A disclosure axis rates a project based on the information shared by the founders: tokenomics and vesting, the team’s background, the token’s legal and treasury structure, and more. 

A performance axis rates the token on what happens after it launches, by tracking liquidity depth, bid-ask spreads, trade volume, exchange coverage, market maker adherence, and more. 

Projects need to score highly on both to earn a decent grade. The UTR was designed such that high scores are difficult to earn, and even harder to keep. 

This isn’t just about giving people the knowledge they need to invest with confidence. It’s about changing the industry itself. If people steer clear of tokens with poor scores, would-be founders will know there’s only one way to ensure a successful launch: radical transparency and an ironclad commitment to maintaining the conditions that allow tokens to trade in size without dramatic swings. Rug pulls would become less common, volatility would decrease, and the broader crypto economy would have a shot at going mainstream. 

To learn more about how it works, see our full blog post here. It goes into greater detail about the purpose of the UTR, the scoring rubric, and our partnership with Forgd.

Today: 

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