A rare facts about top exchanges | Bitcointalksearch.org

DarkDays

legendary

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Quote from: Pecunia non olet on April 30, 2020, 04:54:06 PM

Yes, but when it is listed on Binance, it shows the quality and probably promising future. Because Binance is very strict about every new listing because they do not want to loose their credibility.

What part of Matic or Harmony screams promising future?

Both are complete shitcoins that only succeeded because they were hosted by Binance.

Had they attempted to raise money without Binance, they would have surely failed. The same goes for most launchpad projects, barring only BitTorrent perhaps.

Remember Fetch (Fetch.ai)—absolute trash.

Stay will away from launchpad projects for long-term gains, you'll get completely rekt.

kingzpro

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DIFX - Digital Finacial Exchange

It is kind of an immature question because we all know binance does not and will not list all projects, they have tough selection criteria and i like the fact that they are not greedy and listing multiple IEOs simultaneously, i like the way they have preferred quality over quantity, we have seen that binance launchpad only comes up with a new IEO after all aspects are clear and only one successful project gets the chance every 2-3 months which just indicates the seriousness of binance towards selecting a project.

Pecunia non olet

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Yes, but when it is listed on Binance, it shows the quality and probably promising future. Because Binance is very strict about every new listing because they do not want to loose their credibility.

Slingshot

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I do not buy your idea, top exchanges or not tokens that wants to dump will definitely do if team are not careful. I have seen many IEOs that dumped on Binance including the last IEO which made my have a rethink about IEO. I never expected such do from beginning from binace. It really discouraged me actually.

jossiel

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Quote from: Pandji02 on April 30, 2020, 07:05:52 AM

Quote from: jossiel on April 29, 2020, 03:58:19 AM

And that is true. CZ actually mentioned that for projects. If they don't have the amount for the listing fee but if Binance sees the project is worthy to get into their exchange, they will list it for free.

And on the other hand, even if the project can avail the listing fee but they're crap, Binance might not list them and if it's already listed, they might remove them and the same as the other exchanges. Some exchanges are actually doing it, delisting coins/tokens that are no longer can stay with them.

It sounds like cz does a good thing for some random worthy project by listing it for free.
However, 1) we don't know what are those projects who allowed to list for free (and we don't know if there actually are those) 2) he still does it for the money more than for the sake of crypto adoption and progress

He's giving importance to those worthy projects because he's been with that situation that he's starting from zero but he got in at the perfect time of crypto market and projects were booming.

1) I think it's possible to ask him on his twitter account because he's active there. But if he didn't respond, the support are approachable and it's possible to ask this kind of question.

2) It's true because it's business, he can just take some commission or depends on his arrangement with any listed project for free.

justdimin

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Basically same answer, different path. All exchanges loves money, and that is literally why they decline some projects.

The money you make from listing a horrible currency or allowing a horrible project to your IEO means that you will make money short term but you are losing reputation, in exchange world reputation is your key, if you have high reputation that means you will have a lot of people trading, the more people trading the more money you will make from the fee.

That means these exchanges actually decline the short term profits for long term profits, and that is the whole deal, there is literally nothing that is about being decent or anything, they do not decline the listing because they want to offer decent coins to their customers, they wouldn't care if the coin is bad or not if customers didn't cared, the exchanges only care because they want to keep making a lot of profits.

Saisher

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

Binance is still on top in the market because some projects have made profit for investors, they have a very strict compliance and criterion, and investors have a perception that if a project is on Binance it is good enough, they are protecting their reputation, so no project can harm their reputation.

huu78

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This is why the CEO of Binance says that all the coins listed on the stock exchange are free, but those who choose it mean that they do not really care about listing the money or anything that is used for registration.
because their reputation is good, of course, they will not throw a bad coin.

minairia3

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Quote from: restuibu on April 30, 2020, 03:55:01 AM

it's not that easy to get into binance because it has to go through many stages and if the project isn't good enough it won't be able to go there. Binance is not an exchange that is always concerned with money because reputation is more important to them

There is one thing but Im sure any project would not agree. Pay more, of course even Binance have a dirty hands. Probably they can accept any project to be list on their IEO as long as they can pay more than the listing fee or even the review stage of the projects. I dont want to name some of the projects but you fan feel on other projects that their platform worth like nothing, and I even confuse how the hell did they manage to get listed. Im not saying Binance technical people gone lower but its always about money.

inanilujimi

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that is why binance becomes the top exchange place, if only money, obviously they already have,
but trust whether it can be purchased ??
of course not, the most valuable trust for a top exchange reputation, which cannot be obtained only with money, but with hard work and real effort.

OrangeII

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most people think that doing IEO on a popular market, a sign that it is a successful project. Well, it's generally like that, but in reality, it isn't. in fact, the price and level of popularity of a project depend on the work of the team. it's just that we always think that, binance has strict rules before making a list, and it might be expensive, so a project that lists there will actually develop their project to cover the costs they have incurred.

shollyen

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Quote from: cytpoway121 on April 30, 2020, 06:42:04 AM

Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

You can be right that binance helps projects with hypes, and that binance helps investors and traders by making sure that they bring only legit true projects to their platform.
But it is not always like that; every top exchange has that shit project that bought his way through to listing

And you need to take note, that either good or bad; either top exchange or not, a bad project immense dump cannot be avoided; because when the hype is over and the products advertised is missing, demands drive drop and so the price and value of the token

Yes, you are right. Whether a coin lists on a top exchange or not, the price no matter how much it surges, it will still plummet. However, if a coin should list on top exchanges, even if there is impending damage awaiting it, it can still be averted and will be protected by the reputation of the exchange, if the team of such project is also ready to back it up with more listings.
Also, listing on top exchanges give the project more privilege of listing on other top exchanges, than going fro low to top. In fact. it will be easier.

Pandji02

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Quote from: jossiel on April 29, 2020, 03:58:19 AM

And that is true. CZ actually mentioned that for projects. If they don't have the amount for the listing fee but if Binance sees the project is worthy to get into their exchange, they will list it for free.

And on the other hand, even if the project can avail the listing fee but they're crap, Binance might not list them and if it's already listed, they might remove them and the same as the other exchanges. Some exchanges are actually doing it, delisting coins/tokens that are no longer can stay with them.

It sounds like cz does a good thing for some random worthy project by listing it for free.
However, 1) we don't know what are those projects who allowed to list for free (and we don't know if there actually are those) 2) he still does it for the money more than for the sake of crypto adoption and progress

cytpoway121

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

You can be right that binance helps projects with hypes, and that binance helps investors and traders by making sure that they bring only legit true projects to their platform.
But it is not always like that; every top exchange has that shit project that bought his way through to listing

And you need to take note, that either good or bad; either top exchange or not, a bad project immense dump cannot be avoided; because when the hype is over and the products advertised is missing, demands drive drop and so the price and value of the token

restuibu

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it's not that easy to get into binance because it has to go through many stages and if the project isn't good enough it won't be able to go there. Binance is not an exchange that is always concerned with money because reputation is more important to them

shoreno

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its about money and reputation ? i dont think so . they cant have both if they already have the money . for example binance like what you said is only being paid big so that they will allow ieo or other coins to be listed on them while they will not care about the people or to the investor .

i think its bad but what can we do ? we dont own the site and we are too small compare to them to complain but best thing that we can do is to find another trusted exchange that will not work for money

Lexurdania

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From what I know, some big exchangers sometimes don't charge fees for projects that win community votes. In addition, large Exchangers don't just think about listing fees because I think they will prioritize transaction volume.

michellee

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If all IEO can get lists on the top exchanges, no matter if the IEO scams or not, that will give many reviews from the members. And if somehow the exchange by coincidence listing many of scam IEO, their exchanges will have a bad name among the other exchanges, and I think their members will leave that places because they don't want to get scam. It is hard to manage reputation, and I think the top exchanges will selective to listing the IEO because they don't want to make a profit only, but they will also want to have a good reputation.

Kotone

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Not all projects are gonna get a chance to list on Binance and they are strict on choosing the projects. If all can be accomodated then there is no point the method Binance doing in screening all potential projects. I know that IEO are tends to give profits to all their participants but Im talking about only those listed on major exchanges. I think most low medium IEOs are not gonna keep up cause they just keep accepting even low quality projects.

meanwords

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Quote from: lobo13hf on April 29, 2020, 03:33:15 AM

It doesn't even need to speculate about that because some projects were launched on binance like WINK has already dumped a lot. It doesn't matter a lot how big the exchange site that being used to raised the funds. If the project is a crap project and that will always become a crap project. binance just gives a change to the hype

A agree. As long the the crap of the other projects is not a scam, then Binance wouldn't care about them since they've got what they wanted. The only main big thing they've got to watch out is scamming projects because that would really ruin their reputation because of how may people think that Binance may be associated with scammers.

But still, being listed/IEO in Binance is a huge boost in popularity in a project, it just depends on how the team manage it.

H1N1

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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.

target

legendary

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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.

kayvie

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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.

KaratX

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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

xandriel

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Quote from: Tipstar on April 29, 2020, 08:24:32 AM

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.

rexxarofmoknathal

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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.

Tipstar

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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.

litepool.ru

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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.

Kaliecious

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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

bigcash2011

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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.

holly.ball8

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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.

Greatdev

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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

BlackFor3st

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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.

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.

cahbagus555

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

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.

ife2020

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

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

aemma

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

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.

Byakuga

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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

Ken_terrance

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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

kceekcee

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Quote from: Greatchu on April 29, 2020, 03:30:43 AM

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

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

bgaf

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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.

jossiel

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And that is true. CZ actually mentioned that for projects. If they don't have the amount for the listing fee but if Binance sees the project is worthy to get into their exchange, they will list it for free.

And on the other hand, even if the project can avail the listing fee but they're crap, Binance might not list them and if it's already listed, they might remove them and the same as the other exchanges. Some exchanges are actually doing it, delisting coins/tokens that are no longer can stay with them.

lobo13hf

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It doesn't even need to speculate about that because some projects were launched on binance like WINK has already dumped a lot. It doesn't matter a lot how big the exchange site that being used to raised the funds. If the project is a crap project and that will always become a crap project. binance just gives a change to the hype

Greatchu

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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

Topic: A rare facts about top exchanges (Read 311 times)