Binance may acquire the Coinmarketcap by 400 Million USD!

Furryball

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Quote from: ololajulo on April 01, 2020, 11:00:36 AM

Quote from: coin-investor on March 31, 2020, 09:22:25 AM

I don't think it's a good move, why buy something when you can set up your own, there are scripts similar to Coinmarketcap and they can beat Coinmarketcap with their own games because they have a community that will follow anything they recommend, in fact, they can do better than all Coinmarketcap competitors, they are living in a word,

Quote

if you can beat it buy it.

Have asked myself over again, why would an exchange have interest in coinmarketcap if there is nothing mischievous involved. At a time CMC was a check on exchanges and coins now it will be in the hands the subject (Binance leading exchange). This is heading no where and will loss the value of CMC after sale drastically.

There is nothing mischievous about this pal, people and investors looks up to coinmarketcap in the past to make decisions, developers and investors use coinmarketcap because it's the most popular and they follow the rating to make decisions, getting listed on coinmarketcap creates huge awareness

Hippocrypto

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Quote from: ololajulo on April 01, 2020, 11:00:36 AM

Quote from: coin-investor on March 31, 2020, 09:22:25 AM

I don't think it's a good move, why buy something when you can set up your own, there are scripts similar to Coinmarketcap and they can beat Coinmarketcap with their own games because they have a community that will follow anything they recommend, in fact, they can do better than all Coinmarketcap competitors, they are living in a word,

Quote

if you can beat it buy it.

Have asked myself over again, why would an exchange have interest in coinmarketcap if there is nothing mischievous involved. At a time CMC was a check on exchanges and coins now it will be in the hands the subject (Binance leading exchange). This is heading no where and will loss the value of CMC after sale drastically.

Losing value is always a rampant situation and not just CMC encountered that thing nowadays. Many coins went so disappointing to see, that's why we need to look close on each possible coins to recover so fast regardless on how it's marketcap will tend to behave randomly. We don't know yet what will happen to binance, don't celebrate too early.

ololajulo

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Quote from: coin-investor on March 31, 2020, 09:22:25 AM

I don't think it's a good move, why buy something when you can set up your own, there are scripts similar to Coinmarketcap and they can beat Coinmarketcap with their own games because they have a community that will follow anything they recommend, in fact, they can do better than all Coinmarketcap competitors, they are living in a word,

Quote

if you can beat it buy it.

Have asked myself over again, why would an exchange have interest in coinmarketcap if there is nothing mischievous involved. At a time CMC was a check on exchanges and coins now it will be in the hands the subject (Binance leading exchange). This is heading no where and will loss the value of CMC after sale drastically.

leowonderful

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This was quite surprising to me; never did I even have the thought that Binance would go after something like CoinMarketCap. Even though CoinMarketCap's a relatively simplistic site at the end of the day, it's still a great deal for Binance as I'm sure they'll find a way to attach the Binance name to the site after acquisition one way or another. The name of the site alone is massively popular as stated in the OP, and the site's operations may even change for the better if Binance does acquire CMC.

nelson4lov

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Quote from: coin-investor on March 31, 2020, 09:22:25 AM

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

~Snipped~

I don't think it's a good move, why buy something when you can set up your own, there are scripts similar to Coinmarketcap and they can beat Coinmarketcap with their own games because they have a community that will follow anything they recommend, in fact, they can do better than all Coinmarketcap competitors, they are living in a word,

Quote

if you can beat it buy it.

When it comes to creating and developing stuffs, there's no point of reinventing the wheels. I'm thinking the team behind binance thought it through before deciding that spending as much as $400M – (Creating a web platform like Coinmarketcap should cost 4 times less). Moreover, most times, they more better options in crushing competitors is to acquire startups/firm rather than creating new range of products. Remember how Google and Microsoft acquired so many projects already? That's it.

crwth

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Being the center of cryptocurrency-related things like trading volume, top 100 crypto, etc. It has become the world's renowned crypto source. Pricing it at 400 million is not that bad. 61630 BTC at this price may be quite a steal. But still knowing that Binance is still the most visited, maybe interconnecting CMC and Binance is a great way to utilize the popularity of it.

Let's see how this continues.

Govi2

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I think it is a good deal
Bad reputation? I do not think that this is a fact. The site was working on listing all currencies that have a project and have a working paper and a team, and we see that there are a lot of fraudulent currencies that were not recognized
I do not think that it is possible to control the prevention of fraudulent currencies from listing, because it is possible that he will list the project today and then the fraud will be tomorrow.
In any case, if the deal takes place, I think the conditions for listing will be more stringent

ERC20

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Haha.. It seems that CZ is uncomfortable with the trending of the acquisition binance with CMC.
https://twitter.com/cz_binance/status/1245044519063584768?s=19

enhu

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Quote from: Slow death on March 31, 2020, 01:31:40 PM

before I answer the two questions you asked first I want to comment on this:

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

It is the first time I have seen this site, and I have not seen this news on the sites I am used to seeing, this is very strange. What makes me wonder if this is not just a rumor

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

Do you think this deal will be positive for the crypto?

if this news is true news, then I believe it will be something good for the cryptocurrency market

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

Don't you think 400 Million is too much for the CMC?

honestly I think it's an exaggeration, I wonder how the coinmarketcap price was estimated?

Its a big amount for a single website that is just pulling data from exchanges but it drives traffic because most of the crypto users are just using the website for reference. Binance is often doing their best ideas to conquer it all. That big amount may not matter anymore to them for they all getting the money easy from the market they also manipulate.

Slow death

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before I answer the two questions you asked first I want to comment on this:

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

It is the first time I have seen this site, and I have not seen this news on the sites I am used to seeing, this is very strange. What makes me wonder if this is not just a rumor

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

Do you think this deal will be positive for the crypto?

if this news is true news, then I believe it will be something good for the cryptocurrency market

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

Don't you think 400 Million is too much for the CMC?

honestly I think it's an exaggeration, I wonder how the coinmarketcap price was estimated?

Chuky92

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Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

It seems Binance is dealing with the Coinmarketcap by 400 Million USD! If it gets done then this will be one of the biggest deals in crypto history! Anyone who has an idea about the crypto industry knows the CMC name and use it! Such an important tool it is! Though CMC has a bad reputation for helping scammers! But overall, Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

I value Binance exchange as one of the best exchanges at the same time I respect the team for always trying to ensure they offer the best, but I think going for this is bad for the entire space. Binance is an exchange and should remain as such, acquiring coinmarketcap will only but give rise to more manipulation from them because all their doings will be for the benefit of their platforms and those who aren't in accordance with what they want might face backlashes. I think this is time for coingecko to step up as people and platforms will try to seek a coinmarket which is somewhat independent.

tomahawk9

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Well, I guess I won't be using CMC anymore...Imagine the amount if shit tokens Binance will be able to promote thanks to CMC's massive page views/traffic Lips sealed

Also, this will definitely open the flood gates for the "Binance is manipulating the numbers and charts of X or Y coin" comments...

I recommend everyone to start using 'Coingecko'. Great UI, user friendly, and no exchanges doing god knows what behind the scenes (:

Bitcoinislife09

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Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

It seems Binance is dealing with the Coinmarketcap by 400 Million USD! If it gets done then this will be one of the biggest deals in crypto history! Anyone who has an idea about the crypto industry knows the CMC name and use it! Such an important tool it is! Though CMC has a bad reputation for helping scammers! But overall, Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

I see Binance is really doing a good job at their at this 2020 I think I read a lot of articles where they are opening to a lot of countries in the world. Surely this Binance exchange I think is already have a good ranking as a exchange,

Surely making developments in their websites like opening services around different countries is already a good move to their exchanges I think they are targeting a large number of users because of this.

Golftech

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Quote from: ?? on ??

That would be massive for binance as well as for the crypto community as binance will become a stand out platform and as a largest crypto data and statistics provider as well and along with that its ecosystem, features, services and revenue sources will increase as well that will be massive for it and result in bnb price to boom as well.

Once binance takeover CMC we will expect that there's a good movements for the project itself since investors interest will see it as positive move
from the exchange itself, additional business serves as an additional collateral for their company.
We don't know yet how big this will impact the project and the exchange as there are many influenced that still needs to look upon though potentials
is really big for binance.

thesmallgod

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Quote from: Btc_1856 on March 31, 2020, 07:14:21 AM

Quote from: Psynthax on March 31, 2020, 07:04:46 AM

Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

It seems Binance is dealing with the Coinmarketcap by 400 Million USD! If it gets done then this will be one of the biggest deals in crypto history! Anyone who has an idea about the crypto industry knows the CMC name and use it! Such an important tool it is! Though CMC has a bad reputation for helping scammers! But overall, Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

It's too much for a crap exchange site like coinmarketcap which always helping scammer. I personally will prefer to see binance will try to acquire crypto rank rather than MCAP. it looks like that binance is looking for the traffic that has already acquired by MCAP site.

Not for advertising, now most of the people are searching coins through CMC, which many people are losing their money through fake pumps which are listed in the CMC. Once if Binance acquires CMC there is a huge change in terms of listing because the will be in a selective manner in order to eliminate fraudulent.

People will still says it is centralized that not all coin is getting listed on the CMC. Gone are the days that CMC too have strict rules regarding listing. In fact getting listed on CMC before is a positive signal that can influence the trading volume of such coin on any exchange it is listed. The fact still remain that many people want a platform that offer strict rules regarding fake and shitcoin but a lot of people will still complain of centralization

pacman7331

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Quote from: Winscosinally on March 31, 2020, 07:44:32 AM

I wish CMC is another form of Bitcoin itself where no one can buy or manipulates, now if binance acquired CMC what do you think will happen? The CEO will feel like a king and only do as her see fit, I don't like this idea at all

Coinmarketcap is not honest enough, mate, but yet it is the greatest coin tracking tool ever made! I don't know why CZ wants to buy it, as they already have Binance info which tracks coin's price and markets! If he wants to be king then that will be a wrong idea. There is no king in crypto, and no one can take the great Satoshi Nakamoto's place!

One thing confused me, that Cz is a great guy, he helped lots of poor people, founded a charity program, donated millions of dollar to various fund! I hope he will keep his image clean, dominating the crypto market would be the worst idea for him!

Hellkas

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It`s definitely good for Binance ecosystem and BNB holders, because exchange is growing and developing, but I think that it`s too expensive to pay 400 million usd for just web-site. It has huge authority in crypto world, I understand, but not so much

WinBIts

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Quote from: kingzpro on March 31, 2020, 09:22:35 AM

I do not think that cmc is worth 400 million, i mean it is a simple website that fetches data across exchanges using APIs so there is not much technical maintenance or requirement on part of continuous work with regards to the cmc other than adding new coins and listing but maybe binance is impressed by massive userbase and traffic on cmc on daily basis but still i think it should not be purchased for more than 10 to 20 million buying it for more will sound like wasting money.

in today's reality the actual service/product is less important than people's attention to it
I mean most of the time it works this way.
I wouldn't say trx or xrp is technically much different from most of the dead tokens, but surely trx and xrp have more value since people use it more often.

kingzpro

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I do not think that cmc is worth 400 million, i mean it is a simple website that fetches data across exchanges using APIs so there is not much technical maintenance or requirement on part of continuous work with regards to the cmc other than adding new coins and listing but maybe binance is impressed by massive userbase and traffic on cmc on daily basis but still i think it should not be purchased for more than 10 to 20 million buying it for more will sound like wasting money.

coin-investor

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Quote from: pacman7331 on March 31, 2020, 05:45:55 AM

It seems Binance is dealing with the Coinmarketcap by 400 Million USD! If it gets done then this will be one of the biggest deals in crypto history! Anyone who has an idea about the crypto industry knows the CMC name and use it! Such an important tool it is! Though CMC has a bad reputation for helping scammers! But overall, Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

News source: https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

I don't think it's a good move, why buy something when you can set up your own, there are scripts similar to Coinmarketcap and they can beat Coinmarketcap with their own games because they have a community that will follow anything they recommend, in fact, they can do better than all Coinmarketcap competitors, they are living in a word,

Quote

if you can beat it buy it.

Topic: Binance may acquire the Coinmarketcap by 400 Million USD! (Read 202 times)