CM Score – how we score airdrops
CM Score is our airdrop rating from 0 to 100. The higher the number, the more promising the project by our criteria. Calculated on the fly from live data, no manual tweaks, no paid placements.
What it is
CM Score is a single number that shows the potential of an airdrop project. We don't trust gut feelings or hype, so we rely on six measurable signals. Each one answers a simple question: is the market willing to put real money and attention into this project?
The score updates automatically. New funding rounds, fresh audience data, changes in investor composition – everything feeds into the score right away, with no manual adjustments.
6 metrics in the formula
Six metrics add up to 100 points. Each one runs on a logarithmic scale: early gains are the biggest, and points accumulate more slowly after that. This is fairer than a linear scale – a project with $100M in funding is not a hundred times better than one that raised $1M.
Funding amount
30 pointsHow much a project has raised from investors so far. The raw amount matters less than what large rounds signal: professionals see real value in the idea and are willing to risk their own capital.
Investor caliber
20 pointsWho actually put money in. Top venture funds don't hand out capital at random – very few projects make it through their screening. If one of those funds is on the cap table, that's a strong signal even when the round size is modest.
Audience quality
15 pointsHow the project looks on Twitter/X. We look at follower engagement, account age, and bot share. The goal is to separate projects with a real audience from those inflating numbers for appearances.
Independent Twitter score
15 pointsA second Twitter activity score from a different source. It works on similar principles but with different weights. Two independent signals agreeing is stronger than one – so we look at both.
Funding depth
10 pointsHow many rounds a project has gone through and how many investors backed it. One early round with three angels and three rounds with twenty funds represent very different levels of trust and maturity.
Investor track record
10 pointsThe historical performance of the funds that invested in the project. If investors with strong exit histories are on the cap table, that speaks to the quality of their selection process. Those funds rarely end up in weak projects.
Score scale
The final score falls into one of five ranges. The colour on the site is an intuitive cue – green is good, grey is bad. But in the ranking we look at the whole number: the gap between 65 and 75 can be decisive, even if both fall into the «Good» range.
Why logarithmic scales
The gap between zero and the first few million raised means far more than the gap between $100M and $200M. The logarithm accounts for this – each order of magnitude adds roughly the same number of points.
The same logic applies to social metrics. A project with 50 followers and one with 5,000 are worlds apart. But the difference between 50,000 and 500,000 is much less dramatic. A linear scale would smear all the points at the top of the range.
What CM Score doesn't measure
The rating leans on measurable data. A few important things we deliberately leave out of the equation:
- Code quality and architecture – impossible to evaluate automatically
- Airdrop conditions – the project can change participation criteria at any moment
- Market sentiment – in a bear cycle, even strong projects deliver weak airdrops
So CM Score is not a verdict – it's a first filter. A high-scoring project is worth a closer look. A low-scoring one can usually be skipped.
Data sources
Every number in CM Score comes from open, public sources. We aggregate data on funding rounds, investor composition, venture fund track records, and project social activity. No score is ever added by hand – that removes bias.
Now you know how it works. Head over to the list and see the ratings in action:
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