Ergo profile
Ergo Profile (ERG)
Rating: C | Good
Balanced Micro Cap
Project Safety Score

Wed, Jan 26, 2022 6:15 AM

C
Rating Good
Market Cap $107702311.74723
24hr Volume $1551179.229871
Price $3.3643905969029
Review

Ergo

coin

2ndgen blockchain

Ergo is a flexible blockchain protocol. Ergo is designed for developing decentralized applications with the main focus of providing an efficient, secure and easy way to implement financial contracts. To achieve this goal, Ergo includes various technical and economic improvements to existing blockchain solutions. Every coin in Ergo is protected by a program in Ergo Script, which is a powerful and protocol-friendly scripting language based on Σ-protocols. Using ErgoScript, users can encode the conditions under which coins may be used: who can spend them, when, under what external conditions, to whom, and so on. Extended support for light nodes makes Ergo friendly for end users because it allows running contracts on untrusted commodity hardware.To be usable in the long-term, Ergo follows a survivability approach – it uses widely-researched solutions that do not result in security issues in the future, while also preventing performance degradation over time with a new economic model. Finally, Ergo has a self-amendable protocol that allows it to absorb new ideas and improve itself in the future.

Read more in the whitepaper:
https://ergoplatform.org/en/documents

Ergo Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Ergo Safety Report

Ergo has a safety score of 6.3

Ergo is a micro cap coin.

Ergo is suited to a balanced investment style.


Ergo Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • tradingview profile

Ergo Red Flags

There are currently no Ergo red flags.


Ergo Development Score

The Ergo project has 52 active source code repositories.

The most recent commit was Wed, Jan 26, 2022 12:19 AM

  • 289 Watchers
  • 838 Stars
  • 552 Mentionable Users
  • 0 Vulnerabilities
  • 413 commits in the last 28 days.
Highlights:
  • high stars
  • extremely high repo stars
  • daily repo updates
  • average mentionable users
  • very low watchers

Ergo Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Enough of a collection of articles to be just about confident of the sentiment

Ergo Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Ergo?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Ergo has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high reddit articles
  • extremely high hashtag tweets
  • extremely high gitHub account watchers

Ergo Awareness Score

The awareness score indicates how well Ergo is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Ergo is but a good measure of longevity is how well the project is known by the general public.

Overall Ergo this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • very low search result total
  • poor number of news articles mentioning Ergo
  • very poor number of headlines about Ergo
  • very low number of Ergo YouTube videos

Ergo Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Mature project age (released Jun 29, 2017)

Ergo Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • low USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Ergo Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Ergo Exchanges
Ergo Explorers
ERG
Member Ratings (ERG)

3.67/5

3 reviews
Ratings and reviews left by our members do not impact the profile score.

v

Sun, Jul 18, 2021 5:27 PM
According to Charles Hoskinson it looks like a solid project.
3 0

Snowman

Tue, Jun 1, 2021 7:04 PM
I LOVE ERGO! It’s what satoshi would have made if he could have! Energy efficient PoW with smart contracts, stablecoin, dex, mixer, NFT, oracles. Created by a cofounder of what eventually became Chainlink (Alex Chepurnoy), who was also a dev/researcher at Emurgo, so they have a very tight knit relationship with ada. Dude is a legit genius. Coin was released like btc: no pre-mine, no VC backing, no ICO. They welcome anon devs into the community to work on projects so long as their work is open for audit. It is everything a cryptocurrency should be, and it will eventually be in the top 10 market cap. Read the Ergo Manifesto: https://ergoplatform.org/en/blog/2021-04-26-the-ergo-manifesto/
5 0

WavesLuck

Mon, Aug 12, 2019 10:28 AM
EFYT and Ergo are SCAM tokens. Not Buy!
0 23

95%

Profile Status

How complete is this profile:

1 missing data point

This profile is still waiting for the following data points

  • tradingview profile

Member Signals

3.67/5

(3 reviews)
Member Ratings
Market Cap Rank:
343
Voted:
moon
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.

Ergo Github

Ergo News

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