Topic: 400 BTC to get a listing on binance's new dex ? - page 2. (Read 163 times)
I think in a sense they might be "greedying themselves out" of the market, there is plenty of competition and it just takes one "big success" for everyone to start going elsewhere..!
400 BTC for listings in Binance? Wow, where did you have this information, did Binance itself provide information regarding listing fees? If so, maybe Binance is the only exchange with the most expensive listing fees. With 400 BTC, it seems that Binance has become a new topic in the exchange world.
Dex are the future. anyway binance is now a premium exchange in crypto world. its like i phone in smartphone market. so they are keeping their level high and asking for that fees. but im 100% sure huge projects will pay that amount easily. also i haven't experienced any bad thing with binance. they are doing a good service and dedicate to the work.
Everyone thinks binance is like an exclusive exchange that's only listing good coins.
And if ever there will be new listing to binance, everyone will only think about "Damn, this coin paid 400 BTC LMAO".
And if ever there will be new listing to binance, everyone will only think about "Damn, this coin paid 400 BTC LMAO".
All it takes is 1 ICO to bite into the price, and reach any significance in volume or user-interaction due to that particular exchange. Once that's achieved, the market has been proven and all competition will follow suit to create "the prestigious" atmosphere to get listed to X exchange.
There are many positives & negatives to this. One major negativity is it will hurt any legitimate non-greedy/corrupted ICO or platform that's trying to launch (there are many other negatives for reasons probably listed in this thread).
One positive is an exchange can almost be certain on that coin's legitimacy if so much money is ready to fly into their hands, without any hard research investigating what it's about. Very few coins are scam coins that get listed to Binance, and for good reason. Protecting traders is one of the many crucial elements that exchanges have to factor in, for their reputation and for their sanity of not getting torched by governments and media.
There are many positives & negatives to this. One major negativity is it will hurt any legitimate non-greedy/corrupted ICO or platform that's trying to launch (there are many other negatives for reasons probably listed in this thread).
One positive is an exchange can almost be certain on that coin's legitimacy if so much money is ready to fly into their hands, without any hard research investigating what it's about. Very few coins are scam coins that get listed to Binance, and for good reason. Protecting traders is one of the many crucial elements that exchanges have to factor in, for their reputation and for their sanity of not getting torched by governments and media.
Exchanges today have become freakishly greedy.
It's totally insane. I wonder how they arrived at that sum and if asked to explain it what they would say.
I mean if it is a dex in the true sense of it being fully decentralised the cost to them should be minimal once the software is done.
Exchanges today have become freakishly greedy.
Think I'd rather just go on Komodo or blocknet for free.
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