RatingToken Launches Sentiment Analysis Tool for Quantifying Online Sentiment Towards Blockchain Projects

BEIJING, Nov. 9, 2018 /PRNewswire/ -- Blockchain-focused rating website RatingToken, with support from Blockchain Wave Lab, today announced the launch of a new sentiment analysis tool designed to quantify and grade online sentiment towards blockchain projects. By using textual analysis technology to study publicly available content across Facebook, Twitter and Telegram, RatingToken is able to produce a "Sentiment Score" for individual blockchain products. In this way, users can quickly see if a project has a positive or negative reputation online, and how it ranks compared to other projects. RatingToken's sentiment analysis is a valuable tool for investors, researchers and the media to evaluate the reputation, social media impact, and even the long-term viability of blockchain projects.

Unlike other online tools that simply analyze statistical indicators such as the number of followers, shares and likes, RatingToken uses deep learning and artificial intelligence technologies to sift through and analyze massive amounts of textual data. Through deep learning models such as LSTM (long short-term memory) and CNN (convolutional neural networks), the platform automatically recognizes word order features and deep semantics in order to provide a highly accurate sentiment score.

"RatingToken's new sentiment analysis feature reinforces our commitment to providing fair and impartial evaluation tools for blockchain projects. We are constantly updating and improving our entire platform with new evaluation tools in order to provide investors and researchers with the data they need to make informed decisions," said Zhang Wenjun, RatingToken's product manager.

RatingToken begins by parsing input data language and eliminating non-essential words or symbols to reduce interference. It then turns input words into data and integrates them into a LSTM+CNN-based NLP (natural language processing) algorithm which measures sentiment. RatingToken's sentiment algorithm also looks at volume, or the total number of comments about a particular project, when calculating a Sentiment Score.

RatingToken analyzes a massive pool, including 30 million comments covering more than 10,000 blockchain projects across Facebook, Twitter and Telegram. This big data analysis model can greatly increase the accuracy of its algorithm.

There are many technologies on the market that use textual analysis to calculate user sentiment, but this is the first time they have been applied to the blockchain industry. With its new sentiment analysis feature, RatingToken is utilizing these technologies to help users more easily evaluate blockchain products in an increasingly crowded marketplace.

A beta version of RatingToken's sentiment analysis tool is currently online with Sentiment Scores for nearly 200 projects. RatingToken believes in building an open blockchain ecosystem. Therefore, it is also offering third-party developers open access to its sentiment analysis API. RatingToken believes in building an open blockchain ecosystem. Interested parties can contact the RatingToken team at ratingtoken.net/sentiment regarding APIs and other data sharing requests.

About RatingToken

RatingToken is a blockchain-focused rating website based on big data analysis. With technical support from Blockchain Wave Lab, RatingToken provides efficient project value assessment tools for the blockchain industry. Through massive data analysis, we rate projects in a standardized process, integrate multi-dimensional data such as transaction information, smart contract lists, hype monitoring, sentiment analysis and present them graphically. This allows investors to assess risks objectively with a comprehensive understanding of projects and their potential. RatingToken works with third-party organizations to create a data ecosystem in an open and collaborative way.

About Blockchain Wave Lab

Blockchain Wave Lab is a blockchain-focused product studio dedicated to advancing the development of the blockchain industry with safe, professional and practical blockchain applications and technologies. Blockchain Wave Lab, which is incubated by leading mobile internet company Cheetah Mobile, will continue to leverage its capabilities in cybersecurity and utility applications to incubate the next wave of practical blockchain solutions for users and partners.

SOURCE Blockchain Wave Lab

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED