What's holding back XRB from getting listed on big exchanges like Bittrex and Binance? I know it got delisted from Cryptopia for some reason. Is this something that has been/can be solved?
It’s a really good question, I’m part of the raiblocks exchange team so hopefully am well placed to answer.
There are two main reasons, firstly the crypto exchange arena/environment has changed in the last few months making it very challenging to get a coin onto an exchange. The second reason is that RaiBlocks is late to the party.
Exploring the first reason - with the rapid proliferation of ICOs its increasingly hard to get onto exchanges, ICOs often have deep pockets and conform to a particular standard such as EC20. Exchanges, especially established ones, have loads of markets running and are usually very busy keeping their user experience smooth- it’s easier to add a standardised coin from a team who will pay big fees then to consider a more unique technology from a small but dynamic team. Now this is not true of all exchanges, lots have the pioneering spirit of the early crypto days and this is coupled with recent ICO regulation had led to a demand for non-ICO coins as well. There is also an element of exchanges wanting to see volume before they'll consider adding - but you need exchanges to add volume - you get the point.
Secondly while raiblocks has been around for quite a longtime due to its design, cool features and unique code it wasn’t ready for addition to exchanges. This was both a technological and also community issue. The wallet now works well and can cope a lot better with the expected demand of a web service and with the closure of the distribution (faucet) there is a cultural change, away from free money and more towards what can raiblocks do for you...
The exchange team are working hard, they are contacting and liaising with exchanges big and small, we have exciting things lined up but its important to remember - the first rule of exchange club is you don't talk about exchange club (when applying to exchanges you are required not to discuss your application until you are about to be listed!)
We will post as much info as we can when its available.
thanks for this info, very informative.
that being said this project NEEDS at least trex to become stronger in name and price.