Be careful Many New Tokens on Coinmarketcap are

Yatsan

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Had no problems with it. Happens to other exchanges as well if I'm not mistaken. Would only be a problem if you'd engage into those tokens without checking how secure it is. We are all free to invest on which token we are interested with but let us be responsible on our choices. Choosing tokens without checking for the risks involved is one's negligence. This is why prior knowledge on what you are engaging yourself into, is necessary.

Quote from: shinratensei_ on February 20, 2023, 06:25:33 PM

CMC are always have easier listing method compared with exchange listing in general. mainly because the fact that they want to add as much coins in their database as they can.
it's really different if you compare it with exchange listing in general that require more complicated processes and very few could get through, therefore you should be more careful selecting coins in CMC as your next investments.
the thing is, many shitcoin already considers being listed in CMC as somewhat an achievement which is quite funny if you think about it.
meanwhile high quality coin strive to get listed in famous exchange for the sake of increasing liquidity that is rather more essential.

Indeed a lot easier than with other exchangers. Most of the time centralised exchangers are the ones having a more difficult method of listing which provides more security with tokens but also has bigger transaction fees.

justdimin

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Quote from: Slow death on February 20, 2023, 07:10:27 PM

In this cryptocurrency market people should not create illusions, I remember 6 years ago when someone said that they had to buy a lot of siacoin which in the future would be worth a lot, let's see the result 6 years later:

https://coinmarketcap.com/currencies/siacoin/

as we can see, the price of siacoin did not increase much, see that at that time the price of bitcoin was 900$, and the price of bitcoin reached more than 60,000$, but the price of siacoin did not even reach 1$, but at that time that person said that the best thing was to invest in siacoin and leave bitcoin, now let's think about how people who bought siacoin and left bitcoin are feeling today? the truth is that in this cryptocurrency market, bitcoin is the safest investment, altcoins constantly have fights involving their creators, constantly have bad changes

see that today even tether managed to reach the 3rd position on coinmarketicap, this was a place occupied by XRP for many years, and where did XRP go that had a legion of fans who dreamed of 6$ a day? disappeared, and why did they disappear? because XRP is worthless, it's been years and it's worthless, this altcoin market is a dangerous market

Many tokens are pumped like this and hyped on twitter as well, I can't remember the name of it right now but there was this token which got TT globally, and everyone talked about it like it would be the biggest thing ever and then it didn't even pass top 100, imagine being this wrong, something that they said would be bigger than bitcoin, and not just devs or anything, investors said this and it didn't even crack into top 100.

People will be hyped about anything if you just convince enough people, the first 1000 people to convince is the hardest, then rest will be convinced by the first thousand and so forth. I want to say I hope they learned their lesson, but they never do.

Slow death

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In this cryptocurrency market people should not create illusions, I remember 6 years ago when someone said that they had to buy a lot of siacoin which in the future would be worth a lot, let's see the result 6 years later:

https://coinmarketcap.com/currencies/siacoin/

as we can see, the price of siacoin did not increase much, see that at that time the price of bitcoin was 900$, and the price of bitcoin reached more than 60,000$, but the price of siacoin did not even reach 1$, but at that time that person said that the best thing was to invest in siacoin and leave bitcoin, now let's think about how people who bought siacoin and left bitcoin are feeling today? the truth is that in this cryptocurrency market, bitcoin is the safest investment, altcoins constantly have fights involving their creators, constantly have bad changes

see that today even tether managed to reach the 3rd position on coinmarketicap, this was a place occupied by XRP for many years, and where did XRP go that had a legion of fans who dreamed of 6$ a day? disappeared, and why did they disappear? because XRP is worthless, it's been years and it's worthless, this altcoin market is a dangerous market

shinratensei_

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CMC are always have easier listing method compared with exchange listing in general. mainly because the fact that they want to add as much coins in their database as they can.
it's really different if you compare it with exchange listing in general that require more complicated processes and very few could get through, therefore you should be more careful selecting coins in CMC as your next investments.
the thing is, many shitcoin already considers being listed in CMC as somewhat an achievement which is quite funny if you think about it.
meanwhile high quality coin strive to get listed in famous exchange for the sake of increasing liquidity that is rather more essential.

carlfebz2

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Quote from: Kelvinid on February 20, 2023, 04:53:45 PM

Quote from: wheelz1200 on February 20, 2023, 02:52:42 PM

Quote from: DJANAS on February 14, 2023, 07:47:12 PM

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Does anyone really just buy a coin because it's listed on coinmarketcap? That seems a little lazy, and at the very least a little too trusting thinking they would completely vet a project good enough for people to blindly put their money into it. Use it as a tool but not a determination of what to buy and not buy and then it doesn't matter what they do. They are a for profit website they aren't looking out for people's wallets.

Perhaps, a lot of shitcoin is listed on the CMC and it stuck there for many years.
As an investor, it was our part to look for potential coins to buy, not just because it was listed on the CMC and it was enough, it should also run into further research just to make sure that we are investing the right coins which have the ROI potentials. If we fail to do this, it was not the fault of the CMC who does the listing but it was us who neglect to do research.

We do really have lots and most of them are dead and just simply those shit projects that had been created by those scammy devs just to hope that there's someone would really be buying it.
This is why we should really be that careful on choosing specially to those people who do really love on dealing with low caps or something new.

This is why DYOR is really that crucial when it comes to crypto investment because if you arent that mindful about making up some in depth research then it would really
be putting you into a situation where you would definitely know on what you should gonna do.

romero121

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Coinmarketcap have got their own protocol to add a coin/token to the list. When the required were fulfilled automatically they were added to the list and this doesn't affect them in any means. They're just providing details on available coin/tokens in the market. It is our responsibility to analyse through all possible channels and decide whether to invest or not. At any point coinmarketcap doesn't give suggestions to go with respective coins/tokens.

Desmong

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Quote from: DJANAS on February 14, 2023, 07:47:12 PM

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

That is not really there business because there work is to list coins so that people an make good research about them. We are ought to make good and severe research about anything we are interested I'm buying so that we can be guided about all these altcoins that are floading the market and the funny part is that some people would still choose to buy them. Different interest.

Kelvinid

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Quote from: wheelz1200 on February 20, 2023, 02:52:42 PM

Quote from: DJANAS on February 14, 2023, 07:47:12 PM

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Does anyone really just buy a coin because it's listed on coinmarketcap? That seems a little lazy, and at the very least a little too trusting thinking they would completely vet a project good enough for people to blindly put their money into it. Use it as a tool but not a determination of what to buy and not buy and then it doesn't matter what they do. They are a for profit website they aren't looking out for people's wallets.

Perhaps, a lot of shitcoin is listed on the CMC and it stuck there for many years.
As an investor, it was our part to look for potential coins to buy, not just because it was listed on the CMC and it was enough, it should also run into further research just to make sure that we are investing the right coins which have the ROI potentials. If we fail to do this, it was not the fault of the CMC who does the listing but it was us who neglect to do research.

wheelz1200

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Quote from: DJANAS on February 14, 2023, 07:47:12 PM

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Does anyone really just buy a coin because it's listed on coinmarketcap? That seems a little lazy, and at the very least a little too trusting thinking they would completely vet a project good enough for people to blindly put their money into it. Use it as a tool but not a determination of what to buy and not buy and then it doesn't matter what they do. They are a for profit website they aren't looking out for people's wallets.

DJANAS

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Quote from: o48o on February 20, 2023, 12:15:42 PM

Quote from: DJANAS on February 14, 2023, 07:47:12 PM

-cut-
i Remember that the website used to check every Token before publishing it to the public.
-cut-

When was this? I remember them listing everything after they were in 2 exchanges. That's the only requirement i can remember them having back in time before Binance took it over. They are just not going to rank something with made up marketcap and 2 token holders, that's enough security to me. It would be insanely difficult to filter everything "legit" as people are trading tokens that are not "legit" they would just move to coingecko or other marketcap indexers that list them.

Sorry maybe i was wrong about that part?
but i remember 2 years ago was away better than now!
every 10 new tokens minimum 5 scams.
you can check the new listed Tokens on Recently Added Page at CMC

o48o

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Quote from: DJANAS on February 14, 2023, 07:47:12 PM

-cut-
i Remember that the website used to check every Token before publishing it to the public.
-cut-

When was this? I remember them listing everything after they were in 2 exchanges. That's the only requirement i can remember them having back in time before Binance took it over. They are just not going to rank something with made up marketcap and 2 token holders, that's enough security to me. It would be insanely difficult to filter everything "legit" as people are trading tokens that are not "legit" they would just move to coingecko or other marketcap indexers that list them.

Zee27

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Coinmarketcap has a way to verify projects before listing them as they wouldn't want to jeopardize their reputation by listing tokens without taking due diligence of authenticating them by ensuring that they meet their listing criteria. Most coins/tokens I've invested in and will invest in, are found on coinmarketcap. The likes of Level Finance's token, LVL currently trading at $8.22. hopefully MEXC gets to list it come Feb 20th at 10:00 as they have already proposed to.

justdimin

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Quote from: wxa7115 on February 19, 2023, 08:15:09 PM

Quote from: mdzahed134 on February 19, 2023, 06:55:18 PM

I'm agreed with you, if a coin somehow listed on Coinmarketcap then it will never delisted from CMC. Yeah 60% is dead/shit coin/scam project still listed on CMC that's why here almost double if comparing with Coingecko. And i think Coingecko's data is more accurate than CMC, because they will delisted shit projects.

I suppose they have different standards, CMC has listed 10k more coins than coingecko, so coingecko seems to be more selective on the coins they list while CMC seems to have the philosophy of listing any project regardless of their legitimacy.

I had not noticed this as I have used coingecko for a very long time but it seems the difference on their approach is massive, and anyone using CMC should be even more careful as usual if they are using this service to try to look for new altcoins in which to invest.

I think the "different standards" is that coingecko is coming from behind, because it was created later as far as I know, or at least got famous a little later. CMC on the other hand is a company that was sold for 400 million reportedly, don't know if that's true but Binance spent a ton to do that, and they want to list as much as possible to get as many clicks as possible.

Remember they do not charge to list you, there could be scammers who would charge to list you, but those people are not CMC, you are dealing with a third party doing something you can do for free. They make money from ads, and the more tokens they list, the more clicks they get, the more clicks they get, the more they charge for the ads.

wxa7115

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Quote from: mdzahed134 on February 19, 2023, 06:55:18 PM

I'm agreed with you, if a coin somehow listed on Coinmarketcap then it will never delisted from CMC. Yeah 60% is dead/shit coin/scam project still listed on CMC that's why here almost double if comparing with Coingecko. And i think Coingecko's data is more accurate than CMC, because they will delisted shit projects.

I suppose they have different standards, CMC has listed 10k more coins than coingecko, so coingecko seems to be more selective on the coins they list while CMC seems to have the philosophy of listing any project regardless of their legitimacy.

I had not noticed this as I have used coingecko for a very long time but it seems the difference on their approach is massive, and anyone using CMC should be even more careful as usual if they are using this service to try to look for new altcoins in which to invest.

mdzahed134

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Quote from: Darker45 on February 15, 2023, 08:22:39 AM

Quote from: iv4n on February 15, 2023, 05:59:16 AM

Quote from: joeperry on February 15, 2023, 03:30:59 AM

Quote from: Darker45 on February 14, 2023, 11:21:05 PM

This has always been the way with Coinmarketcap. But it is not a big deal. Coinmarketcap is not a site where one could verify whether a coin or token is legit or not. It
...

That's true, I've seen a lot of shitty coins that was listed before on the Coinmarket cap and it's on the "Trend" section too which give that coin more exposure but that doesn't mean they are legitimate and trusted project, they don't have any strict requirements and they are just there to provide data about that coin and not encourage to buy that coins. It's the job of the investor if they are going to invest to that project or not but the Coinmarketcap will just show data of that coin, brief information and where it can be exchanged.

Coinmarket, coingecko, and some other similar sites are useful for a quick review of some projects. Except for info where some coins/tokens can be exchanged, there are direct links to their sites, along with the price statistic. But as both of you pointed out, people should not rely only on these sites when they are looking for investments. It can be a good start, but nothing more than that...

But if we compare Coingecko and Coinmarketcap, it is obvious enough that it is a lot easier for a coin or token to get listed on Coinmarketcap than Coingecko. As of this writing, Coinmarketcap has already admitted 22,547 cryptocurrencies while Coingecko has only 12,319. There's a huge difference, almost double, which could mean that more shitcoins are probably listed on Coinmarketcap than Coingecko. So while both are not reliable sites as far as legitimacy of the coins or projects are concerned, it is better to check Coingecko than Coinmarketcap.

I'm agreed with you, if a coin somehow listed on Coinmarketcap then it will never delisted from CMC. Yeah 60% is dead/shit coin/scam project still listed on CMC that's why here almost double if comparing with Coingecko. And i think Coingecko's data is more accurate than CMC, because they will delisted shit projects.

shinratensei_

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considering the fact that even coins that's so called legit like luna with its massive market capitalization could be crashing, I think your statement is true, but then again CMC isn't fortune teller so it's normal if they just listing coin without ever creating proper analysis first, some coin could literally turns scam along the way so it's each one's responsibility to make analysis in regard of the coin they are invested in.
if you want list of coins that have went under real review by binance themselves then you should just find coin that got listed in binance since CMC is essentially owned by binance.

BitcoinPanther

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Quote from: DJANAS on February 14, 2023, 07:47:12 PM

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

It had been listing projects ever since. It does not investigate or check the project whether it is a scam or not. They are just listing different cryptocurrency project. I don't think they are actually checking them of the possibility of scams. they are checking them for the details such as contract and other stuff needed for publising.

dothebeats

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CMC still does initial verification, but to verify whether the project is legitimate or not must be done by those who are willing to spend some money by investing to these so-called projects. Honestly I wouldn't use CMC as a basis on whether a project is good or not. Mostly it's used to just check prices on coins that have already hit the exchanges, nothing more. It would be quite noobish to use CMC as your sole basis on the reputation of coins and tokens that are being put out there. Lots of other platforms out there to use to verify legitimacy of coins/tokens, really.

Captain Corporate

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I have been part of many new projects in either small or big capacities, from being part of the main crew to being part of just a bounty like thousands of others, I have been involved with many of them. I can easily tell that one thing in common with all of them was the fact that people aimed at making money from them, their intentions were never really making something that would help people. You know what happened when me and my friends wanted to try and build something that would benefit people? Well this time investors didn't care about it and only abused the token to make as much as possible. So either the devs make profit, or the investors do, but nobody aims at making something that is actually useful.

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Quote from: JoyMarsha on February 18, 2023, 06:31:24 PM

The responsibility of Coinmarketcap is to list as many tokens as they want on their website, not to determine for you which tokens are genuine and which are scams. It is not necessary for their tasks. Their sole responsibility is to list a token on their website, alert their community to any token that has been flagged as a scam token by others, and spread data information about the token's market cap and rating.

You should conduct your research into the token of your choice, not coinmarketcap. Remember that and avoid believing in any coin listed on CoinMarketCap is supposed to be legit before listed

I agree with you. Coinmarketcap is just an aggregator site that collects information about the coins being issued. This site is not responsible for any scam projects. They can only warn about shady stuff like coingecko, another similar service, does. When investing in cryptocurrencies, each user has to be responsible and choose the right projects. There is a huge amount of scam in crypto right now. It's time we learn to identify it.

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