CoinMarketCap Engages with ERGO for Clarification
In a recent development, ERGO, a prominent player in the cryptocurrency space, has shared a positive outcome from their discussions with CoinMarketCap (CMC), the leading cryptocurrency data tracking service. Following a period of misunderstanding and some initial public concerns, both entities have successfully resolved their issues, setting an example of effective professional communication in the ever-evolving crypto industry.
The successful resolution of this issue between ERGO and CoinMarketCap is a testament to the power of respectful and professional dialogue in the cryptocurrency sector.
Key Points of Resolution:
- Agreed Language Update: CoinMarketCap has agreed to update the text on ERGO’s chart with language approved by the Ergo community. This move aims to clarify the distinctions between the EFYT and ERGO projects. While the chart structure remains unchanged, the revised text will enhance clarity for users.
- Invoice Miscommunication: ERGO initially expressed concerns about an invoice supposedly sent by CMC, which seemed out of line with CMC’s public announcements stating they do not charge for rank or supply updates. It has now been clarified that this was likely an error, as verified by information available on the Way Back Machine.
- Supply Level Updates: Over the past two years, CMC has updated ERGO’s supply levels upon request, but with a static number that quickly became outdated due to the nature of Proof of Work (PoW) systems. Recently, CMC updated this with a dynamic feed, accurately reflecting the current supply, an improvement appreciated by ERGO.
- Custom CSS Overlays for Charts: In a significant development, CMC recognized the unique situation of EFYT running parallel to the Ergo mainnet. They are now considering a method to display custom CSS overlays on charts, highlighting different project circumstances, a suggestion put forward by an ERGO community member.
- Professionalism in Dialogue: The interaction between ERGO and CMC was marked by calm and professionalism, setting a positive precedent for resolving issues in the crypto space. The ERGO spokesperson commended this approach and encouraged other projects to engage directly with CMC to resolve any potential misunderstandings.
**#CMC UPDATE**— Ergo (@ergo_platform) November 21, 2023
Thank you to @CoinMarketCap for engaging via DM to work through the issues we were facing. We were able to reach an agreement after some respectful dialogue. Here are a few things that were cleared up during our conversations:
– CMC will replace the text at the…
ERGO’s Continued Commitment to Transparency & Openness
ERGO has reiterated its commitment to the principles of transparency, openness, and fairness in its operations. This incident highlights ERGO’s proactive stance in addressing concerns and maintaining clarity in its project representation. The resolution with CMC not only rectifies immediate issues but also opens doors for other projects facing similar challenges to seek constructive dialogue.
CoinMarketCap’s Responsive and Cooperative Approach
CoinMarketCap’s willingness to engage directly with ERGO and address their concerns reflects its commitment to supporting the diverse needs of projects in the crypto space. This cooperative approach is a positive sign for the industry, indicating a readiness to adapt and respond to the dynamic nature of cryptocurrency projects and their communities.
ERG Price Chart
A Positive Change
The successful resolution of this issue between ERGO and CoinMarketCap is a testament to the power of respectful and professional dialogue in the cryptocurrency sector. It sets a precedent for other projects and data tracking services to work together towards mutual understanding and accuracy in project representation. The crypto community can look forward to continued advancements in transparency and open communication, further strengthening the industry’s integrity and trustworthiness.
Community moderator of the Banano memecoin since 2018. I have since been involved with numerous cryprtocurrencies, NFT projects and DeFi organizations.
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