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Topic: Binance after Coinmarketcap (Read 497 times)

hero member
Activity: 2716
Merit: 904
April 07, 2020, 07:20:51 AM
#69
Expect that all the competitor will be exposed but still I’m hoping for a great reviews about so many coins and no bias at all. Binance slowly rising and trying to doming the world of cryptocurrency, many crypto should be inspire to binance and keep on growing as well. I’m wondering why cmc are selling their company, they can still earn a lot of money on this market for sure or else they see a big downside of the market.
Actually, I am also curious about the real reason that CMC wants to be acquired by Binance because the previous CEO of CMC also resigned. It could be because there is a big change in vision and mission, or there are other things. Whatever it is, Binance is truly ambitious and fully innovative in the crypto world, and by acquiring CMC one of the best steps, truly increasingly dominates in cryptocurrency.
The reason is not anymore important, but what is interesting here is on why Binance spend $400 million to buy coinmarketcap.com... we should find the reason  and how are they going to get the ROI of their big investment, and how it would impact that crypto world that it's already owned by Binance.
full member
Activity: 896
Merit: 108
April 05, 2020, 06:29:49 PM
#68
Expect that all the competitor will be exposed but still I’m hoping for a great reviews about so many coins and no bias at all. Binance slowly rising and trying to doming the world of cryptocurrency, many crypto should be inspire to binance and keep on growing as well. I’m wondering why cmc are selling their company, they can still earn a lot of money on this market for sure or else they see a big downside of the market.
Actually, I am also curious about the real reason that CMC wants to be acquired by Binance because the previous CEO of CMC also resigned. It could be because there is a big change in vision and mission, or there are other things. Whatever it is, Binance is truly ambitious and fully innovative in the crypto world, and by acquiring CMC one of the best steps, truly increasingly dominates in cryptocurrency.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
April 05, 2020, 06:24:56 PM
#67
I do too agree that CMC take over will be good for a better CMC and great for the crypto community.
Well that's good because if we trust Binance and their action, then we should trust them that acquiring CMC will help grow their business and the crypto world as a whole.

There are many things that coingecko does better than CMC and Coingecko is more reliable
That's your personal opinion but you can't change the fact that CMC will remain the number 1 and the most popular.

 i never thought that Binance will acquire CMC. CZ said that they are after on the users of CMC. maybe targeting as additional traders on their exchange if people know that they are the owners of CMC???
but anyway, this move might really improve the CMC that we used to know...just give them the chance..i dont think they will ruin their reputation by showing some shady stats here..
hero member
Activity: 3010
Merit: 666
April 05, 2020, 06:16:54 PM
#66
I do too agree that CMC take over will be good for a better CMC and great for the crypto community.
Well that's good because if we trust Binance and their action, then we should trust them that acquiring CMC will help grow their business and the crypto world as a whole.

There are many things that coingecko does better than CMC and Coingecko is more reliable
That's your personal opinion but you can't change the fact that CMC will remain the number 1 and the most popular.
sr. member
Activity: 2828
Merit: 344
win lambo...
April 05, 2020, 05:47:49 PM
#65
If binance CEO and team take over CMC then you guys should be ready for a whole new level of ratings, here are few things I expect from Binance

1. Liquidity rating will finally works
2. Many fraudulent projects will be kicked out
3. Many fake volume exchanges will be exposed or even red tagged

So far I haven't seen a capable team like binance team, if crypto is going to reach a whole new milestone then this is how it will begins
If they would like to retain the trust of the people and its reputation, they'll have to do it and it put no claims against them.
A lot of fake reviews that CMC has just been ignored and still keeping it on the list. I hope this time couldn't make the people give doubt but rather trust as what they saw in the CMC this time. Well, it has to expect a huge change and hopefully, this could help to minimize the scam project.
copper member
Activity: 280
Merit: 5
April 05, 2020, 05:37:15 PM
#64
I think fake projects and volumes should be monitored more this period, Binance acquiring CMC was a good move but many are actually complaining that this acquisition may warrant low adoption of Cryptocurrency in many countries because it's looking as though one party has taking over the whole market. Lol!
jr. member
Activity: 45
Merit: 1
April 05, 2020, 01:46:06 PM
#63
I do too agree that CMC take over will be good for a better CMC and great for the crypto community.
There are many things that coingecko does better than CMC and Coingecko is more reliable
member
Activity: 378
Merit: 15
April 05, 2020, 01:19:50 PM
#62
Expect that all the competitor will be exposed but still I’m hoping for a great reviews about so many coins and no bias at all. Binance slowly rising and trying to doming the world of cryptocurrency, many crypto should be inspire to binance and keep on growing as well. I’m wondering why cmc are selling their company, they can still earn a lot of money on this market for sure or else they see a big downside of the market.
Do you know how many investors looks at coinmarketcap for new coins to invest in? Coinmarketcap have to be trusty, it will help crypto space entirely, I'm glad the old team decide to sell coinmarketcap for binance
sr. member
Activity: 2226
Merit: 259
DGbet.fun - Crypto Sportsbook
April 05, 2020, 01:15:29 PM
#61
If binance CEO and team take over CMC then you guys should be ready for a whole new level of ratings, here are few things I expect from Binance

1. Liquidity rating will finally works
2. Many fraudulent projects will be kicked out
3. Many fake volume exchanges will be exposed or even red tagged

So far I haven't seen a capable team like binance team, if crypto is going to reach a whole new milestone then this is how it will begins
I heard about Binance will acquire coinmarketcap, it’s a kinda collaboration. They discussed about but agreement is not complete. A lot people never trust CMC for manipulation in everywhere. So right now i hope CMC will get credibility, it’s depend on Binance. If they will concern and implement specially in your three point.                  
sr. member
Activity: 1876
Merit: 437
Catalog Websites
April 05, 2020, 12:33:59 PM
#60
If binance CEO and team take over CMC then you guys should be ready for a whole new level of ratings, here are few things I expect from Binance

1. Liquidity rating will finally works
2. Many fraudulent projects will be kicked out
3. Many fake volume exchanges will be exposed or even red tagged

So far I haven't seen a capable team like binance team, if crypto is going to reach a whole new milestone then this is how it will begins
To be honest this is great news for a cryptocurrency community we know that a lot of users are probably trusting coinmarketcap but there are just too many things that are not right on the website as we all know.

On the other hand, we know that  Binance is already doing a great job this year since there are already so many developments done on their website. I think I would agree that Binance would do a better job in this website.
TWW
full member
Activity: 1456
Merit: 109
April 05, 2020, 12:32:53 PM
#59
I think this is one way to expand crypto assets, where binance is superior starting from the resources and scope. This is a good way to eradicate cases that occurred in the previous year
this is the politics and strategy of the binance to master crypto. I hope that the policies made later will not only be oriented to the binary platform. but being a CMC that provides real information is not a lie.
jr. member
Activity: 176
Merit: 1
April 05, 2020, 12:16:00 PM
#58
I think this is one way to expand crypto assets, where binance is superior starting from the resources and scope. This is a good way to eradicate cases that occurred in the previous year
member
Activity: 574
Merit: 18
Making Smart Money Work
April 05, 2020, 11:05:33 AM
#57
I have never believed that the metrics that pages rank 100% accurate, Pages all take metrics from exchanges, and the accuracy of the metrics depends on the honesty of the exchanges. Moreover, there is no guarantee that exchanges will not spend money to buy rankings.
You are very right but I want you to look at binance exchange for example, the requirements to hold IEO on binance is not for the small projects because I'm sure they can't afford it, if same thing happened to listing on coinmarketcap it will bring huge changes
member
Activity: 138
Merit: 10
April 05, 2020, 10:20:58 AM
#56
It would be dream come true if Binance takes control of Coinmarketcap. Binance's long reputation is enough to maintain a transparent for exchange in volumes, liquidity,...
hero member
Activity: 2548
Merit: 605
April 05, 2020, 10:08:14 AM
#55
Binance CEO is CZ and he is not taking over CMC if they buy it, I still think that deal will not go through and Binance will not buy it but even if they do, they will hire someone else to be the CEO because CMC is a huge company right now, we are talking about hundreds of millions of dollars and not some small garage built thing anymore, which is why I think they need a new CEO of their own and not a person who will manage two companies all at once.

Maybe binance should go with the route google did, right now they have a new company called alphabet and that company owns google but owns all other companies that google normally owns as well. Binance could create a new company that owns binance and owns cmc and owns any other company they want to purchase in the future and CZ will be the CEO of that one.
sr. member
Activity: 1638
Merit: 278
April 03, 2020, 04:10:36 AM
#54
I agree that binance is a huge team and they will definitely make a lot of things better, that is true. However, what you guys are forgetting that cmc does affect binance as well. So, let's say one day volume of binance starts to fall, do you really think they will show that? I mean we are basically talking about calculating how much binance is making right now if they tell you the truth, it is way too much data to breach if they get other places information as well.

All the above, binance will make it better but they will also not make it truthful, it will look better and feel better and be better but in reality it will be fake, which is why if cmc is purchased by binance I will stop using it, there are better alternatives anyway so I will simply move to them instead.
full member
Activity: 896
Merit: 100
PredX - AI-Powered Prediction Market
April 01, 2020, 04:38:22 AM
#53
CMC is a very large site and everyone visits it all the time to get references or check something they are looking for. If it is true that binance will buy cmc, of course it will definitely be used to benefit them too. On the other hand, expect cmc to be better and truly accurate and fair for all projects.
Certainly coinmarketcap will be better if Binance manages, but I'm not sure they will be transparent because they can do whatever they want. They will completely control this market and execute giant pumps, which is all the hypothesis that I can think of. And I hope it will never happen, we need a transparent market so that investors can trust in this market
sr. member
Activity: 994
Merit: 261
April 01, 2020, 04:33:51 AM
#52
CMC is a very large site and everyone visits it all the time to get references or check something they are looking for. If it is true that binance will buy cmc, of course it will definitely be used to benefit them too. On the other hand, expect cmc to be better and truly accurate and fair for all projects.
legendary
Activity: 3346
Merit: 1134
Leading Crypto Sports Betting & Casino Platform
April 01, 2020, 03:25:34 AM
#51
Its an "if", there is a large percentage it won't happen.  Grin

But if it does then I hope it will be fair.
I was once fooled by CMC expecting a large exchange for one of my token.
But as I go deep into researching why my coin suddenly went to the moon then I saw it in telegram group.
The token is already being swapped for 1000:1.
CMC didn't even looked at it. Those cases should not happen to avoid confusion.
sr. member
Activity: 1638
Merit: 251
April 01, 2020, 03:05:48 AM
#50
Where did you see such news ? because i haven't see the news about binance take control coinmarketcap.
Coinmarketcap now have volume displayed on 2 categories, by Adjusted Volume and by Reported Volume.
if a good team running coinmarketcap, then the statistic of the cryptocurrency on coinmarketcap should accurate.
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