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

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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.

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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.

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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.

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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.

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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.

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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.

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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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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.

inthelongrun

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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".

Oceat

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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.

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Quote from: X-ray on February 18, 2023, 12:29:46 AM

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.

beerlover

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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?

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.

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.

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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.

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.

jerry0

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How would you know which ones are legit then?

JoyMarsha

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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

abel1337

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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?

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.

Jackl87

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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?

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.

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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?

New to it? Because most of us aren't surprised with it.

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.

traderethereum

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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.

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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?

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.

Hypnosis00

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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?

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.

Mr. Magkaisa

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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?

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.

Mpamaegbu

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

Has anyone noticed that as well?

Yes, I've noticed that. You're spot on.

Quote from: SquirrelJulietGarden on February 14, 2023, 09:30:32 PM

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.

X-ray

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Quote from: tech30338 on February 14, 2023, 09:23:06 PM

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.
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

Dr.Osh

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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?

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.

SirLancelot

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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?

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.

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.

rhomelmabini

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Quote from: Cling18 on February 15, 2023, 03:03:26 PM

Quote from: rhomelmabini on February 15, 2023, 12:27:05 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?

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.

This is a common mistake of most investors. They think that the coins listed on CMC are legit. It will still be better to double check the potential of a coin because being listed on CMC isn't a reliable reason to check the legitimacy of a coin. There are other ways to check their legitimacy if we will only do deeper research because if we will just rely on coins being listed, we might only fall for scammers' trap.

Most of them are newbies, of course but even those who have been long in the industry can still misinterpret it. There are too many factors to check if they are legit but of course even those who have been checked thoroughly, has good team members, etc. could end up being scam if they are hideous on their motives just like how Luna end up in this industry.

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Quote from: DJANAS on February 15, 2023, 06:28:08 PM

Yeah true, I agree but I was almost one year and a half away from Crypto, That's why I need to do more research about the old websites and the new ones.

Ops you need to be aware that making multiple posts in a roll is against the rule of this forum, you can quote each user and reply to all of them in just one comment, instead of making multiple comments following each other in a roll.
-And back to the discussion, the best way to get the right information about any project is to carry out in-depth research about the projects to see and compare all the information and data that could help you succeed in your decision of investment.
-And most importantly chose a project that already has an established track record and verifiable data that will sustain its long-term market usability and demand such as a strong use case for the project ecosystem not in the whitepaper a but verifiable utility ecosystem for the project.

DJANAS

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Quote from: milewilda on February 15, 2023, 06:21:20 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?

Nothing new, if you do tend to observe the number of crypto currency whether coins or tokens then it is really increasing day by day.This is why when you do intend to invest then be sure that you had done your part or
your assignment and not just carelessly picking up coins and invest like a mad man.You would definitely lose up big time if you do really have this kind of habit on which you are really that making yourself that
too greedy and aiming on getting rich and doesnt really like or wanting to miss out every launching. lol
Choose up on projects which you do seem that it does have potential and mostly stick into those who do have real use case.

Yeah true,i agree but i was almost one year and a half away from Crypto, That's why i need to do more researches about the old websites and the new ones.

DJANAS

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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...

When it comes to "new tokens on Coinmarketcap" I tried to remember 2015 and how cryptos were listed at that time... anyway, this is how it looks now:

I found an old image on the internet:

So 20k new listings in some very short period...

I guess it's the question when we will see 30k, maybe this year?

Respect !! i l really appreciate this answer, i like the comparing and i guess also 30K is possible in this yeah Cheesy

milewilda

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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?

Nothing new, if you do tend to observe the number of crypto currency whether coins or tokens then it is really increasing day by day.This is why when you do intend to invest then be sure that you had done your part or
your assignment and not just carelessly picking up coins and invest like a mad man.You would definitely lose up big time if you do really have this kind of habit on which you are really that making yourself that
too greedy and aiming on getting rich and doesnt really like or wanting to miss out every launching. lol
Choose up on projects which you do seem that it does have potential and mostly stick into those who do have real use case.

lalabotax

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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?

Actually, they have the stadard and indicators of veryfying the tokens or coins.
But at least, the tokens must be lsted in the exchanges that have high liquidation, volume and also good market caps. Alhtoguh in the reality, ther emay be some other criteria to prove that the coins or tokens are isted or not.

Johnyz

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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?

As long as you paid for the listing, you can be qualified in CMC and this is the problem since then, there’s a lot of projects being listed in CMC that has become a scam project, I guess this is a reminder to us not to rely only with CMC. Better to look for the project itself and do your own research if you want to be safe with the legit project. Not all new projects are worth to try, do your own work and have a good strategy for your profit taking.

iv4n

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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

...

Coinmarket, coingecko, and some other similar sites are useful for a quick review of some projects...

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.

Yes, that is a big difference... I didn't notice this before. I know about "Coinpaprika" as well, check this out:

48k currencies? More than double compared to Coinmarketcap... x4 compared with Coingecko. This is interesting I must say, which price-tracking website has the highest listing standards?
After a bit of digging, I found Cryptoslate, just 2.6k cryptos, but tokens/PoS/PoW is separated, anyway much fewer listed cryptos than on other sites:

In the end, price-tracking sites can be good for some start/basic searches... but as you say non of them is reliable for project legitimacy! With that said, these sites are only of an informational nature and have no real weight.

Cling18

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Quote from: rhomelmabini on February 15, 2023, 12:27:05 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?

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.

This is a common mistake of most investors. They think that the coins listed on CMC are legit. It will still be better to double check the potential of a coin because being listed on CMC isn't a reliable reason to check the legitimacy of a coin. There are other ways to check their legitimacy if we will only do deeper research because if we will just rely on coins being listed, we might only fall for scammers' trap.

rhomelmabini

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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?

I think even if they just pay them to list there will be 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.

Odusko

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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 their launch.
I Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

The so-called new coins are just refurbished scams that have happened before and are just rebranding in another form just to scam investors, so coin market cap is just a platform that is free for all and as long as the coin can meet the requirements they're listed on the sites.
Most of the coins that are recently listed on coinmarket capitalization are mostly pump-and-dump coins, but what we must know as investors are to make our own personal research about any project we want to invest in.

Darker45

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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.

maydna

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Yes, I noticed that now on the market, there are more and more new tokens that we don't know what functions and uses they have for us. Indeed they say that their project will provide something different from previous projects or other projects, but we don't know which project can survive through every cycle in the crypto market.

I don't pay much attention to such token projects and stick with other big coins. This will make it easier for me to get coins that might have the potential to increase in the next altcoin season.

judeafante

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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?

They are adding because these tokens have met the requirements they laid out even useless and scam projects can get in because they know how to tweak the project to make it look good in the eyes of investors and Coinmarketcap team, Coinmarketcap or Coingecko are not the parameters anymore to check if the project is legit.
In fact every year there are hundreds of coins or tokens listed on these two market aggregators that do not have volume or updates anymore.

passwordnow

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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?

You've noticed it quite late. They've been doing that even before the acquisition of Binance. That's why it has become the standard of most projects to be listed there because they're the most popular listing crypto website.
It's essential that we tell everyone who's new to the market to DYOR because that will help them to avoid these projects that don't really have good intentions for the community.
They are there to scam people and will just rug pull whenever they feel that they've got enough profit already.

iv4n

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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...

When it comes to "new tokens on Coinmarketcap" I tried to remember 2015 and how cryptos were listed at that time... anyway, this is how it looks now:

I found an old image on the internet:

So 20k new listings in some very short period...

I guess it's the question when we will see 30k, maybe this year?

vv181

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Listing criteria on CoinMarketCap does not really tell anything, let alone prove the cryptocurrency or token's legitimacy. It is also not the job of the coin/token aggregator to verify the project itself. Neither the users also should rely upon CMC or any similar websites, it is expected that the user themselves should run through their own due diligence.

Back to the CMC part, if we take a look at the current total listed cryptocurrencies, only a handful of cryptocurrencies are worth taking a look at, say only the fifth page from its total page, 90. So being listed on CMC doesn't imply any significance of a project, in fact, some project favour that CMC listing as part of the project's milestones, which is it's a truly shady decision.

bakasabo

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I think anyone can add anything to coinmarketcap, but coinmarketcap only this information as a basic information about the project or token. There are thousands of altcoins that are not traded anywhere, but they still on aggregators like cmc or coingecko. There are even people or groups that offer "coinmarketcap listing". You fill online submission form and wait. Most likely coinmarketcal will add altcoin to general list if project looks more or less legit. In fact, they are interested in adding as many as possible alts, as users are redirected from coinmarketcap to trading platform and coinmarketcap earns affilate rewards, or users can buy directly from coinmarketcap. In short - the more they add, the more commission they earn.

yazher

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

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.

The problem here is, those newbies are using it to look for a coin to invest their money with without knowing they are about to fall into the scammer's trap where they are lured to invest in shitcoins. Most people are not aware of the danger of looking to scrap some new altcoins in the Coinmarketcap because they don't know that it is not for the place to look for new coins rather it's just to check its price.

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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.

cryptoaddictchie

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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?

Maybe a rumor or a vague statement. Im pretty sure coinmarketcap list some of the project with required classification on their prerequisites. Im not a fan of coi marketcap, but they are doing great I think. If you think they are lousy on listing tokens then kindly message them cause as long those project are good with the assesment whether they are anonymous or what they will list it especially if they have volume which traders might click on their website to have reference of information.

Outhue

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I believe that the CoinMarketCap team is doing better than Coingecko, on CMC if a coin or token is shady you will get a warning right on top of the token, saying that, be careful investing because the dev can increase tax amount or the smart contract can be halted, this means if you buy you may not be able to sell, but on coin gecko, some tokens get listed and they are a scam, no single warnings from the team. Be warned, using Coinmarketcap or coin gecko for choosing new projects is wrong, you need to do your research, these platforms are there to give you the right information about any crypto project, that's all, they don't give investment advice, so use them right.

rat03gopoh

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I had connections to people who worked at CMC throughout 2019 and recommended 2-3 projects to be listed there that met the requirements as before (at least listed on 2 exchanges). A few months later I no longer work with them, because apparently they changed the rules exclusively. Some projects that have even been launched for only 1 week (especially shitcoin) without any clear progress have the privilege to be listed with an "untrackable" mark.

Don Pedro Dinero

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The bad news is that with over twenty thousand alts and tokens out there, it's hard for anyone approaching it at first glance to understand that there is only one digital currency that is essentially different from the others.

Quote from: SquirrelJulietGarden on February 14, 2023, 09:30:32 PM

Altcoins are pump and dump games which are not responsibility of Coinmarketcap to control.

And those that are not pump and dump have other disadvantages, such as premining or being centralised.

In the end, people learn the hard way. They invest in some alt/token hoping to hit the jackpot, lose the money and if we are lucky, they do more research and end up understanding what bitcoin is.

jeraldskie11

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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?

Yes, I have noticed that. I thought at first that you have to pay to be listed in Coinmarketcap but I'm wrong, the listing is free. As long as you fit into their criteria you will be listed. So the question is why there are many listed scam tokens since the listing is free? "Maybe" it's because of the donations.

Awaklara

hero member

Activity: 1246

Merit: 699

even though coinmarketcap has procedures or criteria for tokens to be registered. but I guess checking the team or whatever is not the concern of coinmarketcap. the website will only pay attention to trades that occur.
and logically, the new token market is what it's always been. especially those without strong backing funds. they will be very easy to pump and also very easy to dump. it's not far from what we see with shitcoin and meme coin. I will not forbid anyone to trade new tokens. but better be more careful. everyone must understand the risks.

Darker45

legendary

Activity: 2576

Merit: 1860

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 is not a site where people could check whether a project has a plausible goal or not, whether it has a good team or not, whether it will have a future or not, whether it has a working product or not, and so on. The site is full of shitcoins that are nothing but opportunistic attempts for developers to earn money. So don't use it as a kind of a screening or review site. Even review sites can't be trusted.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

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.

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

They have their own checking and verifying criteria before listing a token there.

They don't require projects give their KYC documents to approve listing request. It did not apply in the past but after the DeFi and GameFi, NFT, Metaverse trend in 2020 to 2022, I saw Coinmarketcap did a great improvement by attaching their warning on mint function in smart contract. It serves a purpose to remind investors that those project teams can mint more tokens in future with the Mint function.

Quote

Most of these currencies collapse during the first weeks of its launch.

Altcoins are pump and dump games which are not responsibility of Coinmarketcap to control.

They only can reduce rug pulls for investors with their criteria. Rug pulls usually occur with projects that list their tokens on DEX, Poocoin and they even don't have chance to appear on Coinmarketcap.

tech30338

full member

Activity: 728

Merit: 151

Defend Bitcoin and its PoW: bitcoincleanup.com

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?

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.

DJANAS

member

Activity: 219

Merit: 14

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?

Topic: Be careful Many New Tokens on Coinmarketcap are (Read 468 times)