Yeah, top exchanges should not accepting to listing IEO from unknown project.
Thats why binance launchpad has only several projects listed because their reputation can become bad if they listed scam project.
An intense amount of research should be done to the project so they can decide to allow the IEO for the project or not.
Topic: A rare facts about top exchanges - page 2. (Read 311 times)
And what these big reputable exchnages does is they create a throwaway exchange to accept IEO right?
Nope I'm not really sure about it but exchanges come and go and this is why some did an exit scam, we've already knew these exchanges before the newer ones are sprouting but it did come up very fast like they knew IEO will be the trend so VINDAX, P2Pb2B and all of them came accepting projects to crowdfund with them. I could say these are the ones going to disappear in the next bear market as well.
Well, this is true. We all know that binance has its reputation that they are really taking care of. Even if there is a certain project and they have the money, they can't easily be accepted in binance to run their IEO if binance finds any suspicious actions from the team.
Other exchanges most especially low rated exchanges have no tastes, they accept any projects on their exchanges since all thy care about is money, if the project team can afford the listing fee they are fine with it, they have no good reputation to safe guard, this is the difference with top exchanges
This is true. Famous exchanges like LAtoken went being a scam just because of bad IEOs.
Binance is much trusted and people hold BNB tokens in the exchange mostly because they want to be the first to buy the IEO token and investors blindly put their money on any IEO because they know they would get a profit. If binance started adopting any IEO, not only people would not trust the platform, it's BNB holding strategy would also backfire making it's token valueless.
When it comes to Latoken or P2PB2B, I think these are two shit exchanges in the crypto market because all the coins here have no liquidity and of course nobody dares to invest in IEO here because of the great risk. In fact, there are only a few exchanges that can perform well IEO like Binance or Huobi because these are the only two exchanges that help me make a lot of profit in this market and not have to worry about losing money when participating. Binance is much trusted and people hold BNB tokens in the exchange mostly because they want to be the first to buy the IEO token and investors blindly put their money on any IEO because they know they would get a profit. If binance started adopting any IEO, not only people would not trust the platform, it's BNB holding strategy would also backfire making it's token valueless.
That's why the vast majority of popular exchange platforms do not run a huge number of IEOs.
Binance, for example, has only launched a single IEO in the last few months for CTSI, whereas it launched quite a few in the first half of 2019.
People also need to remember that just because an exchange has done its due diligence and is launching the IEO, it doesn't mean that the project is necessarily good for the long term. But it will likely sell through its allocation and pump in the short term.
Dont bother buying IEO coins on the open market after a few days unless you want to get rekt.
Binance, for example, has only launched a single IEO in the last few months for CTSI, whereas it launched quite a few in the first half of 2019.
People also need to remember that just because an exchange has done its due diligence and is launching the IEO, it doesn't mean that the project is necessarily good for the long term. But it will likely sell through its allocation and pump in the short term.
Dont bother buying IEO coins on the open market after a few days unless you want to get rekt.
This is true. Famous exchanges like LAtoken went being a scam just because of bad IEOs.
Binance is much trusted and people hold BNB tokens in the exchange mostly because they want to be the first to buy the IEO token and investors blindly put their money on any IEO because they know they would get a profit. If binance started adopting any IEO, not only people would not trust the platform, it's BNB holding strategy would also backfire making it's token valueless.
Binance is much trusted and people hold BNB tokens in the exchange mostly because they want to be the first to buy the IEO token and investors blindly put their money on any IEO because they know they would get a profit. If binance started adopting any IEO, not only people would not trust the platform, it's BNB holding strategy would also backfire making it's token valueless.
Money cannot help them get listed or the IEO at Binance or the top exchanges. As I thought, the reputation of the top exchanges is the most important. If they list scam projects then I believe they will lose a large number of users and the exchange will collapse.
I think binance has its own criteria for listing new tokens on its exchange. as it must be listed on 2 other exchanges, a clear project going forward.
but if they pay for the listing it's a different story
but if they pay for the listing it's a different story
Yes, i believe and all other top serious exchanges are very careful regarding IEO listing because once they list a poor quality or scam project everyone will start calling them a scam as well which obviously they cannot afford because they are in for long run and they cannot ruin their business with their own hands.
I wholeheartedly agree with your points. Some scam project out there thinks they can get list on top exchange as long as they have money. They fail to realize that top exchange also has a team of audit too and they will first try to see if you're legit enough to be on their platform.
Top exchanges is everything that matters now in crypto space, either the project is NO-ICO or IEO, the only thing that top exchanges can solve still is dumping in price, it still happens on top Exchanges, many projects that get listed on binance already lose value
A friend asked me what will happen if all IEO projects can use binance, meaning if they have the money, either legit or scam, here is your answer
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
Of course they are doing everything to maintain their rankings and reputation because if they can maintain it the money will continue to flow in their hands. Because in crypto world, one mistake can ruin everything that is why they are doing their best to filter those scam project from reliable one. Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
In this way, they can provide the best service to their customers while gaining additional trust from them which will give them continuous flow money.
A friend asked me what will happen if all IEO projects can use binance, meaning if they have the money, either legit or scam, here is your answer
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
I don't think Binance will be reckless about choosing a project to do an IEO on its exchangers. Other than through strict verification, I think Binance only sells a small portion compared to the total supply.
A friend asked me what will happen if all IEO projects can use binance, meaning if they have the money, either legit or scam, here is your answer
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
To Summarize your points, top exchanges have the might and the community to make any token listing worthwhile or remarkable.
binance, okex, gate, kucoin and other top exchanges marketing prowess will grow any token in the crypto currency market today. And that's their advantage
But remember, listing on top exchanges is not an immunity to dumping
A friend asked me what will happen if all IEO projects can use binance, meaning if they have the money, either legit or scam, here is your answer
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
This is true and I agree which is why there is a distinct difference between top exchanges and others. Just to add, top exchanges will try their best to ensure they stick to their good ethics while on the other hand, smaller and bad exchanges like P2PB2B etc won't mind accepting any type of projects so as to get their own cut. This is also the reason why in most exchanges like P2PB2B, their IEOs is always not encouraging while IEOs in top exchanges always offer reasonable gains to their investors. Therefore one can see in that in top exchanges, reputation and integrity matters while on other exchanges, they don't care so far they will get their charges.
For top exchanges to maintain their positions they have to protect their reputation at all cost that's why they do thorough research on projects they list most especially binance CEO CZ
That's why many investors trust binance decisions, once are project is going binance for listing or IEO investors won't hesitate to invest in such project, the sky is the limit for binance now that they are in control of Coinmarketcap
A friend asked me what will happen if all IEO projects can use binance, meaning if they have the money, either legit or scam, here is your answer
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
Do not forget that even if all new projects have the money to list on binance they can be turned down if the project is not good enough, top exchanges have their asses to cover, reputations at stake here, binance among other top exchanges loves money, everyone does but that's not the end for all top exchanges, once they make a mistake of listing and hyping a scam project they are done for, remember that.
it's always about money and reputations, crypto space is so delicate, reputations get ruined fast if care is not taken
One thing i respect about the binance exchanges is that, it oversees quality projects for Crowdfunding.
If you consider cartesi project during its early days, would you have thought it will end up in Binance?
Binance is class, and it works with class
It only few project or new ones that can get enter to Binance without spending much penny. Im thinking that most of their IEO projects pays a lot before they got listed or yet they really have a good platform that even CZ cant resist to launch on his exchange. For example and delicate one is the coin voting, yes the project listed or facing off there are both good coins. Well lucky for those who can win like last time the winner movieblock project wins and get a free listing. See the price growth on the first week but now its dump again. Money just circulate all over every other coins and thats why we cant trust even a good known project.
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