I still use CoinMarketCap as for the coins I use that are no more than 10 coins,it list them pretty well and it is super fast,I always have that as an app in my phone and everything about the coins I use and also mine them which are ETHW,ETHF,ZIL,LTC and RTM are all listed in a perfect way.
It may list a lot of coins without valid data but those as all we know are referred to as sh*tcoins and no one cares about them.Beside that I think they do use a warning for coins that they think a high level of scamming may happen and that is exactly what goes on in the Pi network they list,they say in a red text there that be careful as the mainnet has not launched and the chances to get scammed with this coin is pretty high.
Topic: Be careful Many New Tokens on Coinmarketcap are - page 2. (Read 468 times)
I noticed many shitcoins a long time ago listed in Coinmarketcap. Right now, I am using Coingecko and I noticed that they have fewer listings than Coinmarketcap. But I do not think that it is proper to use the listings of Coinmarketcap and even Coingecko as the basis of our investments. We need to read the Whitepaper, the team, seed investors, token distribution, and many more. It is our hard-earned money anyways so we should also make effort on selecting the coins we want to invest in. And as what the crypto community always says, "DYOR".
It doesn't matter if they were adding random tokens before verifying them since in the first place it's not their job. They may have a different goal now from way back then and it's to list all of these altcoins/tokens as much as possible or maybe I am wrong. It's the investors job to do their own research if they want to invest in crypto currency although they have a comment section on each coin you choose. Perhaps, you rely too much about them where you could be fooled by them if you don't know about the certain coin's history.
You're wrong. CMC has listring criteria but CMC was shit. CMC never follows what is already stated in its listing criteria. Even obvious scam coins can be listed in the CMC a few hours after the launch. Most of tokens/coins listed in CMC were scams.
That listing criteria owned by CMC didn't even work. Even so many shit scam meme tokens with less than $100 volume a day could be listed easily without any problem. There's something wrong with CMC even after it was already acquired by biannce.
CMC is so shady as fuck https://cointelegraph.com/news/coinmarketcap-led-token-airdrops-infected-by-fraud-crypto-project-claims
It seems that it depends on the management team, if scam tokens can still be registered without doing research it would be a shame, because CMC is a website that is often used by many crypto users to check token information. It is possible that the fee to be listed will be very influential even if the project is not clear, because more scam projects have a lot of money used to camouflage the project to make it look official. must be vigilant with all the games that are done. That listing criteria owned by CMC didn't even work. Even so many shit scam meme tokens with less than $100 volume a day could be listed easily without any problem. There's something wrong with CMC even after it was already acquired by biannce.
CMC is so shady as fuck https://cointelegraph.com/news/coinmarketcap-led-token-airdrops-infected-by-fraud-crypto-project-claims
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?
Coinmarketcap is just a listing services and NOT an investigation portal. So, if your own responsibility to keep checking the right and potential coin and tokens for your investments. After coinmarketcap is acquired by binance, you cannot expect nothing else but they will simply go for listing all the coins and token which are ready to pay their fees. So, being careful and ignoring shitcoins/tokens is up to the responsivity of individual investors.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?
Fortunately, I never bother about the ranking of coinmarke cap for any reason. Like most people of this community consider marketcap is just a number and it got nothing to do with the future of a token or coin. So, ignoring the ranking of any services based upon the marketcap must be a good idea for safer investment habits.
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.
They are supposed to take care of the reputation of the market as well, not just milk us and accept payment from scammers who wanted to list their coins without further verifications in regards to their legality. Because we don't need a lot of coins in the CMC, at least having 10 legit coins/projects are enough. But they let this thing happen and which make also investors driven by their doubts and less interest in crypto. Because if they only have listed good projects, it encourages more investors as well but it looks like it was to late and impossible to happen.
How would you know which ones are legit then?
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
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 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?
These projects can add their token on coinmarketcap as long as it qualified to the listing criteria of coinmarketcap. These tokens are doing their best to be listed and I believe that there are shitcoins that managed to enter the listing site. Those shitcoins after rugged or having no problems at all are still listed there but I've seen some coins there that has red flag or warning from coinmarketcap that a certain token had experienced such problems such as being rugged or what kind of status does the token has. Though it's always not a good thing that we based the legitimacy of a project by just being listed on CMC, as well as other trading platform such as binance. 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?
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?
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?
I am not 100% sure but i don't think that Coinmarketcap has ever claimed, that they are checking the projects before they are listing it. I know that there are certain criterias that projects need to fulfill in order to be able to be in the top 100 of projects and some of those criterias are still secret as far as i know. In order to just be listed on coinmarketcap at all i don't think that there are any requirement. I mean if that would be the case then all of those stupid meme-coins would not be listed on coinmarketcap because they have anonymous teams (if they even have a real team at all). It makes sense though that there are way more bad tokens listed on coinmarketcap nowadays than a few years ago because of all those stupid meme-coins.
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?
New to it? Because most of us aren't surprised with it.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?
Coinmarketcap isn't like those websites out there who are checking which ICO's are legit and which are not. Coinmarketcap isn't a website where you can see which is legit project or not. Coinmarketcap is just a website for users to see the current price, and what's happening around crypto space (news). Why bothered with this one where in fact, you can see many dead projects and shitcoins currently that is being listed in Coinmarketcap.
With regards with the one you remembered, maybe that's the case in the past, but now it isn't already. As long as the token has value (or even no value at all), they will list it there.
CMC may add new tokens without verifying them first because any project team can contact CMC to ask them to add their projects.
But to find out more clearly about the project, it's better to look for information from other places or visit the website and ask the team directly on their social media.
CMC is only providing as much information as they can and it's our job to look into it in more detail to find the right project.
You can compare it with CoinGecko for more information to get more details about a project.
But to find out more clearly about the project, it's better to look for information from other places or visit the website and ask the team directly on their social media.
CMC is only providing as much information as they can and it's our job to look into it in more detail to find the right project.
You can compare it with CoinGecko for more information to get more details about a project.
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?
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?
In general, new tokens should always be checked carefully, this applies not only to CoinMarketCap, but also to other similar services, although Coingecko has much less trash and low-liquidity coins than CoinMarketCap. In addition, the audit does not guarantee that the new token will not scam in the near future, so this correlation is highly questionable. Even completely clean projects with an audit and some workable product suddenly become scam and lose all capitalization.
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?
I have noticed that almost every day there are new coins listed on the CMC. I think the CMC welcomes everyone who wants to get their project notified in the community and lets the people judge them if they are legit or somewhat like another scam. I was really hesitant to do new projects, not even having the interest to look at them and make research because I'd learn from my experience before investing in new projects which it look promising but in the end, they turn scam and the developers has gone taking my money. I think that was enough, so I have to stay away from them but rather focus on the old projects. 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?
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?
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?
Coinmarketcap is because, as long as it passes their requirements, it will actually enter the list of their platform. So the decision is still in our hands.
Even I noticed that, but that doesn't mean that I will immediately buy a token because it's listed on CMC, of course that's not what it means. We still need to be critical about the tokens we buy.
Has anyone noticed that as well?
Yes, I've noticed that. You're spot on.They have their own checking and verifying criteria before listing a token there.
We can't confidently say that now of CMC. I remember what the process was like getting tokens on the CMC in 2017/2018. Now everything seems to have been watered down with it. There are tokens I see listed on the CMC this day and I shake in my head because I can spot the scam in them at once. 
I think they don't just add a coin if they see it, they are still some things to consider before being listed in coinmarketcap
here is what I see while looking :
https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria#:~:text=Must%20have%20a%20functional%20website,of%20communication%20for%20any%20clarifications.
You're wrong. CMC has listring criteria but CMC was shit. CMC never follows what is already stated in its listing criteria. Even obvious scam coins can be listed in the CMC a few hours after the launch. Most of tokens/coins listed in CMC were scams. here is what I see while looking :
https://support.coinmarketcap.com/hc/en-us/articles/360043659351-Listings-Criteria#:~:text=Must%20have%20a%20functional%20website,of%20communication%20for%20any%20clarifications.
That listing criteria owned by CMC didn't even work. Even so many shit scam meme tokens with less than $100 volume a day could be listed easily without any problem. There's something wrong with CMC even after it was already acquired by biannce.
CMC is so shady as fuck https://cointelegraph.com/news/coinmarketcap-led-token-airdrops-infected-by-fraud-crypto-project-claims
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?
I think CMC has their own way to verify coins before listing on their site. However, what you need to know is that if a coin is listed on CMC, it will not guarantee that the coin is good or not. You can even see the quality of the coin from there. when a coin is listed on CMC it does not mean that the coin is a potential coin. quite a lot of coins that have no potential or even coins that have the potential to scam list there. So, don't conclude that the coins listed on CMC are potential coins or legit coins. You need to do more in-depth research to verify that. 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?
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?
I think this is not a new issue anymore. Not all coins that they list do always gets successful but tons of them have failed easily. It's only sad to know that a well-known platform like them are only prioritizing the money more than anything else or the safety of the public. This is why many of us don't rely on them anymore when it comes to crypto information or tools but we only use coingeko.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?
Right now, coingecko is known when it comes to finding gem tokens. We need to have a new leader in the market and we shouldn't let binance monopolize because they owned CMC. I think even binance right now isn't also great when it comes to coin listing.
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?
I think even if they just pay them to list there will be a fine for CMC, nothing comes that legit if they are listed on CMC, it's not a guarantee. For anyone to know how to check the legitimacy of a project has a lot of factors to consider, and just because they aren't/yet listed on the site doesn't mean both ways. Keep that in mind. I don't know if it's still Binance that doing the operation for CMC.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?
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