It's just a method of listing crypto for free by the community, on the other hand the exchange must also take advantage in other ways, one of which is by "depositing to list" to find out potential traders who will be involved.
This event is only a form of support contribution, it has no instant benefits to either the participants or the exchange itself. If we notice, the projects that have taken this path are synonymous with community driven tokens (meme and shit coins). I think it's okay for newbies to join this event provided that it is held by reputable exchanges and fair requirements for participants. This also increases the possibility of the crypto being listed immediately.
Topic: Are CEX Deposit-to-list campaigns recommendable for newbies? (Read 128 times)
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How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
It's just showing that their exchange is greedy and only for money.How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
The real exchange considers a lot of things before they are listing a token. So for me, it's a red flag.
Victims here are most new in cryptocurrency and will lose their money.
But they can do a lot of things beside deposit-to-list, they can improve that way just to prove that the project or token is worth to list and they are quality project.
Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances. How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
It is just for the money, yeah because that is their ultimate intention nothing else so they will try to enter many projects as they can and the listing depends on their criteria which varies from one to another exchange respectively but they are doing it so don't want to miss out any projects that people are interested to risk their money.Never treat the exchanges as investment platform, just use it for what they are supposed to to either you are rookie or experienced which means the chance for you to lose your money is less.
I wouldn't encourage a novice to participate in such an event because they don't have enough experience to find such a new project. That can lead to losses because some beginners can use big money to try to make profits and it is highly discouraged.
CEX exchanges certainly want to profit by hosting such events. But unfortunately, we don't know how exchanges can get and take advantage of it. And if the token doesn't end up being listed on the exchange, the people who bought it will lose out because they bought the token in the presale stage.
Don't be too tempted to participate in such events if you don't know how to participate. Better to trade as usual and use the exchange to make money.
CEX exchanges certainly want to profit by hosting such events. But unfortunately, we don't know how exchanges can get and take advantage of it. And if the token doesn't end up being listed on the exchange, the people who bought it will lose out because they bought the token in the presale stage.
Don't be too tempted to participate in such events if you don't know how to participate. Better to trade as usual and use the exchange to make money.
Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances. How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
most of the CEXs are doing marketing promotions by making deposits just to attract more new registrants. for example, the reward is the token from the exchange itself, and to claim of course requires valid data via KYC. as well as withdrawals which of course will increase the profitable transactions of the exchange.
this is just an example of the marketing strategy that exchange platforms use to get new members. it never hurts a beginner to try, but it is better to validate the reputation of the exchange first.
Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances.
Their intention is quite clear. Get as many people as possible to register for the exchange, pass KYC and make deposits that leads to increased trade volumes which translated to increased trading fees. It's always about just profitsSimple yet very true,
What do you expect this just one of a bunch of tool that Cex has been used to gain more user and trading volume so you can be the number one exchange in the list.
There actually cex strategy that I liked is Learn and Earn so basically newbies have to read or watch the video and at the end, the Centralized Exchange will give a some quiz and when your answer is right you will get reward
Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances.
Their intention is quite clear. Get as many people as possible to register for the exchange, pass KYC and make deposits that leads to increased trade volumes which translated to increased trading fees. It's always about just profitsThe term is simply business. As much as they have an integrity to keep, that includes unlisting a coin if found out to be a scam coin or token, in the days that they are not or have promises on them, the brains behind the project could as well pay the fee yo depict there seriousness and intentions for the coin to go public as would be the case and the exchange would benefit as well from the traffic the new project would bring.
Mind you, not all who happen to have come aboard the exchange because of the project would leave should the project go south. Whichever way it turns for the project, the exchange would still have some means to profit.
It’s left for individual investors to be on the look out for the projects they wish or hope to invest in and what exchange that defends or suits there interest.
How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
I Think almost all exchanges have guidelines about deposit to list, especially whenever they announce the event.I would not encourage anyone to participate in them. It's just a marketing stunt.
I would not encourage anyone to participate in them. It's just a marketing stunt.
Yes , the fact is that the CEX may choose not to list the coin or token after their previous claims of listing the coin at the appointed time or may not even list at all. They exploit the fact that it is done to know if the project is a serious or just another scam project. 
I would not encourage anyone to participate in them. It's just a marketing stunt.
Yes , the fact is that the CEX may choose not to list the coin or token after their previous claims of listing the coin at the appointed time or may not even list at all. They exploit the fact that it is done to know if the project is a serious or just another scam project.If you have already find yourself using it before discovering the dangers or you have no other choice then make sure you try to use a more trustworthy CEX because some are shadier than others
that a certain project looks legit because its been listed.
Its true that its never been recommendable for newbies to join up but it would be all depending into you though because there are investors who are really that risks takers on something like this
because we know that the earlier you would be able to get in, the more profits that you could potentially be able to make out but of course the risks is higher which is something
that you would really be needing to deal with.
I would not encourage anyone to participate in them. It's just a marketing stunt.
Yes , the fact is that the CEX may choose not to list the coin or token after their previous claims of listing the coin at the appointed time or may not even list at all. They exploit the fact that it is done to know if the project is a serious or just another scam project.If you have already find yourself using it before discovering the dangers or you have no other choice then make sure you try to use a more trustworthy CEX because some are shadier than others
Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances.
Their intention is quite clear. Get as many people as possible to register for the exchange, pass KYC and make deposits that leads to increased trade volumes which translated to increased trading fees. It's always about just profitsHow would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
I Think almost all exchanges have guidelines about deposit to list, especially whenever they announce the event.I would not encourage anyone to participate in them. It's just a marketing stunt.
Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances. How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
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