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Topic: Binance Finalizing Deal to Purchase CoinMarketCap! Can CMC Stay Neutral? - page 3. (Read 466 times)

hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag

 Seriously it is showing on alexa that this website is between 500 and 600 in alexa traffic rating, right now around 570 for example, which is A LOT. There is only 569 other websites in the whole world that gets more visitors than coinmarketcap. Is 400 million dollars a lot of money? Sure it is, we are talking about almost half a billion dollars. However think about binance and how much they can earn from this. They can make the website look prettier and show all their own data as the best website in the whole world and they can put binance ads all over the place and basically control that traffic towards themselves.

 Is there a possibility that as soon as it is sold the number of people who visit the website will go down? Of course there is, maybe website will get worse and that is why there will be less people visiting, however that doesn't hange the fact that binance basically pays for its own advertisement for free while still owning the whole website and also makes sure that other exchanges do not put ads there neither, so not only they are promoting themselves but they are also blocking others promoting.

Binance can improve the AI that coinmarketcap is using to get  correct data. Right now CMC is just presenting inaccurate information that junk exchanges using their bots to make it appear like they have volume but their AI can't recognize its bots so it ranked these exchanges on top. And the team who has no idea are making negotiations to them for IEO.
hero member
Activity: 2086
Merit: 575

 Seriously it is showing on alexa that this website is between 500 and 600 in alexa traffic rating, right now around 570 for example, which is A LOT. There is only 569 other websites in the whole world that gets more visitors than coinmarketcap. Is 400 million dollars a lot of money? Sure it is, we are talking about almost half a billion dollars. However think about binance and how much they can earn from this. They can make the website look prettier and show all their own data as the best website in the whole world and they can put binance ads all over the place and basically control that traffic towards themselves.

 Is there a possibility that as soon as it is sold the number of people who visit the website will go down? Of course there is, maybe website will get worse and that is why there will be less people visiting, however that doesn't hange the fact that binance basically pays for its own advertisement for free while still owning the whole website and also makes sure that other exchanges do not put ads there neither, so not only they are promoting themselves but they are also blocking others promoting.
legendary
Activity: 3612
Merit: 1164
www.Crypto.Games: Multiple coins, multiple games
I can't belive cmc could worth anything remotely close to 400 million dollars. I mean that is literally crazy to think about, 400 MILLION DOLLARS? Really? Maybe 4 million dollars is okay but 400!!! That is waaaaaay more than I assumed it could ever worth. Surely they must have done their math and there must be some INSANE number of people visiting everyday and the advertisement could be really huge etc etc which means cmc must really worth something around 400 million that I have no idea why but can be actually bought.

In the end it will be more like satoshidice if you ask me. Satoshidice was the biggest and for the longest time only crypto gambling place, someone bought it for thousands of bitcoin spending millions of dollars of that day (lot more now) and now its all gone as you can see.
hero member
Activity: 2366
Merit: 504
It can stay neutral for any service that is not related to the binance service but i doubt about credibility when it comes to the binance's data result. We know that even so many people know very well if there was a lot of accusations to the binance caused by it's also doing pump and dump scheme on its exchange site.
full member
Activity: 1498
Merit: 146
Since binance has great reputation then there is a chance for the coinmarket cap also acquire the same reputation and get more users and traffic but Binance have to stay neutral or they are going to lose their invested capital since we already have more alternatives for coinmarketcap.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
Well its going to make a lot of changes around when CZ is around. Decentralization somehow looks very like a myth this time, its all just binance getting all the time getting attention and buying crypto projects and businesses. That steemit wouldn't be forked if its not because of them. Years later that fork will also be forked if it gets worse and the reason could be still them.
member
Activity: 406
Merit: 10
No, Coinmarketcap is most likely losing a lot of traffic due to this, including me. I'm sure there will be Binance banners all over the site, and I wont be able to trust the data it shows anymore, since CZ has been involved in so many shady things already. (Hint: Steem).

Coingecko will be the place to be moving forward, at least for me.

What we are seeing here is everything becoming "centralized", which I don't like at all. Crypto is supposed to be decentralized, which is why I'm such a huge fan of projects like Blocknet, who builts the infrastructure to a completely decentralized network consisting of their XRouter, XCloud, and XBridge. Do your own research though
jr. member
Activity: 102
Merit: 7
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/
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