- CoinGecko hopes its Beam feature will help eliminate misinformation in the cryptospace
- The team says Beam will make it easier for DLT project teams to communicate with users
- CoinGecko says users of Beam will be able to get updates in real-time from their favorite ICO and token projects.
In a bid to enhance communication and foster transparency in crypto, cryptocurrency blog and ranking site CoinGecko announced the launch of “Beam,” on November 5.
As stated in its press release, CoinGecko has collaborated with 87 token projects and 12 exchanges to create Beam, a highly functional communication channel for initial coin offerings (ICOs), blockchain projects and crypto enthusiasts.
Per CoinGecko, with Beam, verified administrators of tokens and exchanges to engage directly with the broader crypto community, thereby bridging the gap between project organizers and contributors.
The CoinGecko team claims that Beam allows users to easily follow and receive short project updates from multiple cryptocurrency projects without having to search through social media sites and project blogs.
The app is available on web, iOS, and Android versions. Speaking on the launch, TM Lee, CEO of CoinGecko, said:
“CoinGecko Beam is a significant feature that we hope will enhance 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.”
Beam Supported By Many Projects and Exchanges
At current, there are more than 1600 cryptocurrency projects on the market.
While some of these platforms have real use cases for their coins and tokens, a vast majority of them are nothing but scam projects looking to defraud the crypto greenhorns.
If all goes as planned, Beam will help crypto investors get unbiased information from crypto projects and make it easier for them to know the most credible token projects to invest in.
Commenting on the development, the CEO of Bitrue cryptocurrency exchange, Curis Wang, reiterated that the platform is a huge boost to the entire cryptospace especially in this bear market as it would help hodlers to “track teams’ progress and differentiate between strong and weak teams.”
The platform is currently supported by a vast array of cryptocurrency exchanges and DLT projects including Decred , Lisk, PundiX, Monero, Nano, Huobi, Bitrue and more.