It may be useful. I think it's worth discussing this?
Crypto-exchange Bittrex reported on the criteria for selecting tokens
The American exchange Crypto-Currency Exchange, Bittrex, reported on the criteria for listing and delisting tokens. Now, according to CoinDesk, the company looks at a number of factors at once to make a decision to include the token in the exchange list.
The head of Bittrex Bill Shihara said that the company looks, first of all, on whether the token is innovative, whether the inclusion of such a token does not violate the requirements of the law and the developer of it.
Under the new requirements of Bittrex, before the exchange will consider the inclusion of a token on its exchange list, its developers will be obliged to provide technical information about the token itself and the data of at least one team member.
Tokens that have been admitted to the next stage of the review will then undergo a compliance review procedure, which will help Bittrex make sure that tokens can be placed for trading in the US. After that, the special council will consider the features of the blockade of the presented crypto currency, its scope, its importance for the market and the reputation of the development team.
"We must be sure that if something goes wrong, these guys will be able to fix everything, and sometimes they will have to react very quickly. A capable team of developers is of great importance in the listing process, "Shihara said.
Among the reasons that may induce Bittrex to exclude a token from the list of digital assets available for trading are changes in legislation, low community interest, break-in or blockade of the lock and related technologies, the team's refusal to support their own token, low trading volumes, and also suspicious activity in the market and user complaints.
We are not interested in Bittrex at this stage. It would be nice and definitely will be a target down the road, but for now, we are focusing on decentralization. Many small exchanges provide this, a big exchange like Bittrex is just too big for this project at this time. Perhaps at the end of 2018 Bittrex will be in our sights. Ideally, BtcZ would be big enough by then to entice bigger exchanges like Bittrex to list it without hassle. Staying off big exchanges also helps the miners. A big listing would surely place us back on the whattomine site and cause difficulty to skyrocket same as it did in November when it hit 439,100 difficulty compared to the current 130-150k average, I miss the 50k average in December. We need a lot more volume mined before difficulty goes up. 6 more months under the radar and then hit the markets hard.
