Binance Finalizing Deal to Purchase CoinMarketCap! Can CMC Stay Neutral? - page 2.

mirakal

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Quote from: inanilujimi on April 05, 2020, 12:58:36 AM

I think for any neutral can happen in crypto, but with a good reputation in binance itself will probably eliminate the fake volume that is in many exchanges.
indeed, at first glance, we seem to be inseparable from the hype binance that wants to control space in crypto.
after this what else do they want to do ??....

I this this would happen, Binance been known for giving the real volume, if they will show in CMC the real volume of their competitor that would make them improve their standing, it will actually be a threat for some exchanges but this would help Binance a lot to be more successful.

FanEagle

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Quote from: cryptozink on March 31, 2020, 06:33:23 AM

The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/

How could binance make sure that the data they are getting is not bots? I mean there are so many places that basically acts like they have huge sums of volume but in reality they do not, most of the volumes listed on the cmc is actually wrong and most of them are bots, but how can you prove it?

There is no tangible thing that you can show people why it is wrong, hell we even know this because we feel it is fake and we have seen the fake movements and some of us even been there, otherwise you wouldn't know about it by just looking at the numbers. Hopefully binance would find a way but I doubt they can, it is not something that you can see clearly, so it is going to be a very very very big challenge for binance to remove bot volume and only have the real ones.

inanilujimi

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I think for any neutral can happen in crypto, but with a good reputation in binance itself will probably eliminate the fake volume that is in many exchanges.
indeed, at first glance, we seem to be inseparable from the hype binance that wants to control space in crypto.
after this what else do they want to do ??....

t3m4nc0k

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Binance is big exchange and has a very good reputation of course it will remain neutral maybe in the future there will only be a change in appearance or something and I will certainly still trust coinmarketcap

fortunecrypto

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Quote from: cryptozink on March 31, 2020, 06:33:23 AM

The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/

Don't expect it, they spend millions of dollars to serve their interest, instead of creating their own they get a stable one, Google has been doing that so they are now the most dominant company in the internet, and this is what Binance is doing right now, we'll see it's output after the acquisition.

Shasha80

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To be honest I do not like this news, hopefully binance fails to buy the coinmarketcap site. Because if successful the coinmarketcap site was
bought by binance, CZ will make the coin marketcap not neutral. Now that the cryptocurrency world is increasingly being centralized, this will
be bad towards the future of cryptocurrency.

ScamViruS

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Quote from: cryptozink on March 31, 2020, 06:33:23 AM

The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

Breaking the news:

https://www.cryptozink.io/binance-exchange-buys-cryptocurrency-price-index-website-coinmarketcap/

When a person gets all the power. Then it is hard to expect anything good there. Now binance can send data to cmc what they want! Wink

CZ has acquired CMC, which means that there is certainly a purpose behind it. We can only hope their intentions are good for crypto. We will find out in the next few days what their true purpose is.

mdzahed134

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Quote from: nelson4lov on April 02, 2020, 03:45:58 PM

Quote from: DU18 on April 02, 2020, 01:57:10 PM

~Snipped ~
Of course, by acquiring coinmarketcap by binance, will make coinmarketcap better and neutral in providing information about cryptocurrency

Well, about the neutrality, we don't know if Coinmarketcap would truly continue with their current listing methods. However, I know one thing for sure. It's the fact that or Binance Launchpad IEO tokens will get priority listing.

Aside from that, I don't see much changes coming to Coinmarketcap. I just hope they retain their userbase though as CMC is one of the top 5 most visited crypto websites.

Binance IEO projects legally got top ranking in coinmarketcap, these launched projects are capable to reach big success as fer as Binance launchpad IEO's. Still now those all of coins are already ranked up within top 200 coins. It’s not like own of CMC by CZ, it’s a deal of collaboration but definitely CZ will try to keep neutrality in every stage likes token listing,ranked and listing exchanges ranks by legitimacy.

Esterklu

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I can only hope that CMC will stay neutral, but I think there will be some manipulation. As mentioned above, people will still love to use Coinmarketcap, but personally I will also use alternative projects and recheck info.

patz22

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Quote from: lobo13hf on April 02, 2020, 06:16:34 PM

Quote from: patz22 on April 02, 2020, 05:04:55 PM

~

That's to bring back the popularity of binance. I know that CMC has been manipulating its chart and that's why binance wanna try to acquire its first spot again. Remember binance is better on the traffic that has already got by CMC. So far it sounds interesting to know more about that.

Popularity? They are already popular in crypto space and already made a reputation when it comes to exchange and innovation of its exchange. Of course, going back they will have a hidden agenda in getting CMC, maybe, they are good for all and only for them.

Danslip

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I doubt the CMC will be a better place if the Binance want to buy the CMC. The fake trading data and wast trading are the two biggest problems of the CMC, fixing this will take the time. I don't think the transparency will be the same in the new model of CMC. Binance will be the hegemony crypto exchange if they start to do the same thing for all type of crypto websites.

jossiel

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We cannot expect what will be the first move and the next by CMC once it's acquired by CZ. He has all the power to do what he wants with this most popular coin tracker because he'll take it.

I guess most of you are thinking that he'll manipulate the data and tabulate that's being shown by CMC. We don't know until we finally see when his management is the one who entirely manages the whole website. Maybe he will get rid of those dead coins.

lobo13hf

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Quote from: patz22 on April 02, 2020, 05:04:55 PM

It may or it may not. Why? Okay, okay, let us put up on this point. Let just say binance owns CMC and CMC listed a lot of binance's competitors. What should they do? Of course, there is a hidden agenda in everything even though they say that they will remain neutral. if they remain neutral then it is like you are owning a Samsung phone while promoting Iphone.

That's to bring back the popularity of binance. I know that CMC has been manipulating its chart and that's why binance wanna try to acquire its first spot again. Remember binance is better on the traffic that has already got by CMC. So far it sounds interesting to know more about that.

stomachgrowls

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Quote from: mirakal on April 01, 2020, 02:35:30 AM

Quote from: cryptozink on March 31, 2020, 06:33:23 AM

The deal to acquire CoinMarketCap is reportedly worth $400 million. Can CMC stays neutral after it is transferred to CZ?

No, because it' own by a certain exchange now, but the fact that it's Binance who owned it, people would still love using CMC.
Both have good reputation, if one destroy its reputation, the other will be affected, so I think this is good for the crypto market and I just like the aggressiveness of Binance.

It would only have 2 outcomes wether people would stick out on visiting CMC or would completely stop.I dont see much of difference because if CZ would make up changes
then it would be noticeable by the public specially if its already owned by Binance.

If CMC would decide to sell it out then theres nothing we can do and as mentioned there were lots of alternatives when it comes to checking market prices not only Cmc but
cant really deny that majority do really rely nor do visit cmc.

Didnt expect that even cmc would be purchased by Cz. hmmm

patz22

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It may or it may not. Why? Okay, okay, let us put up on this point. Let just say binance owns CMC and CMC listed a lot of binance's competitors. What should they do? Of course, there is a hidden agenda in everything even though they say that they will remain neutral. if they remain neutral then it is like you are owning a Samsung phone while promoting Iphone.

nelson4lov

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Quote from: DU18 on April 02, 2020, 01:57:10 PM

~Snipped ~
Of course, by acquiring coinmarketcap by binance, will make coinmarketcap better and neutral in providing information about cryptocurrency

Well, about the neutrality, we don't know if Coinmarketcap would truly continue with their current listing methods. However, I know one thing for sure. It's the fact that or Binance Launchpad IEO tokens will get priority listing.

Aside from that, I don't see much changes coming to Coinmarketcap. I just hope they retain their userbase though as CMC is one of the top 5 most visited crypto websites.

DU18

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I think of course now binance has full power to manage the data available on coinmarketcap, so I really hope that coinmarketcap can provide data related to trade, market, capitalization, and altcoin correctly and real without any data manipulation as before, we can see how on the list market in coinmarketcap many scam markets place at the top of the list so that it is very detrimental for many traders / investors who really want data that is completely true and accurate to be used as a reference in trading.
Of course, by acquiring coinmarketcap by binance, will make coinmarketcap better and neutral in providing information about cryptocurrency

puremage111

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Well from news

According to Chan, Binance did its best to ensure that CMC can continue to adhere to its own listing methodology
Source: https://cointelegraph.com/news/binance-announces-coinmarketcap-acquisition-cz-gives-the-scoop

Then
"CMC will still continue to operate as an independent business entity, both Binance and CMC emphasized"

Seems like it will be a single entity but more like a parents organization/sub organization
Thus, we can assume that CMC could stay Neutral for short term and we will see in the long run

pacman7331

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Different people have a different opinion on this matter, which is normal! Personally, I think Coinmarketcap will have neutral data than before, as we saw fake volume exchanges took the first places and real volume exchange ranks were under a very low rank, that won't be ever, because Binance won't allow such shady business! But I have a doubt about BNB and Binance exchange! CZ will give the highest rank for Binance exchange for always and BNB's volume will be huge, I mean they will manipulate it and all those coins that came through Binance IEO launchpad! Anything can happen, we will see the answer after a couple of days!

StephenJH

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I doubt the CMC will be the same place after the end of the purchase program. $400mln is not a small amount but I am sure it will worth spending time&money for re-building the CMC from the scratch.

Topic: Binance Finalizing Deal to Purchase CoinMarketCap! Can CMC Stay Neutral? - page 2. (Read 486 times)