The quality of a token depends on the [[Wallet Graph]], its utility, and the (governance) rights enshrined in the token. In addition, there is a very real business dimension to tokens. A token used as payment on a platform depends on the success of that platform. The Xerberus Qualitative Rating captures these dimensions through four subscores, which aggregate into the overall quality rating. **Read more:** - **Token [[Utility]] Rating Framework** - Token **[[Governance]] Rating Framework** - Token **[[Product]] Rating Framework** - Token **[[Development]] Rating Framework** - Token **[[Concern]] Rating Framework** Additionally, tokens and coins can be categorised into various classes. The most common classifications are theme-based, such as ‘DeFi’ or ‘Layer 1’.” For our purposes we developed an alternative more risk focused [[Token Classification]]