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.

FairUser

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Quote from: pacman7331 on March 31, 2020, 09:15:14 AM

Quote from: 20kevin20 on March 31, 2020, 05:57:52 AM

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up? I think this is what decentralization is supposed to mean, isn't it? Like everyone should have the right to develop literally anything - now that doesn't mean we all have the right to develop scams and ponzi schemes, but you get my point.

CMC is known for helping scammers because all of their top exchange rank is false, big lie and shame. In CMC all the top rank exchanges are garbage and shit in real. Almost zero real volume! Therefore, CMC is a partner of IDAX exchange, Hydax sigma tool, and they are scam now! This is how CMC helping scammers!

Quote from: 20kevin20 on March 31, 2020, 05:57:52 AM

I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business. If CZ is going to buy CMC and then start purchasing exchanges and all that too, it means he's looking for power. We don't want some Bitcoin owners and investors to become the next Facebook or Google, do we?

Absolutely right! CZ is seeking for power, he has money and seems he wants to own a lot of things in crypto. When there was a rumour a few days ago that bitcoin price will be zero, CZ tweeted he won't let Bitcoin go to zero, he will protect it! So, I am doubtful by seeing his recent actions. Or maybe we are wrong, he is just collecting all popular things on board to remove the negativity, scam from the crypto network!

Are you sure that Hydax is a scam? I see this exchange newly created this year and it is not overly developed and appealing to users. But a few months ago I used it, the withdrawal was quick and smooth

pacman7331

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Quote from: 20kevin20 on March 31, 2020, 05:57:52 AM

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up? I think this is what decentralization is supposed to mean, isn't it? Like everyone should have the right to develop literally anything - now that doesn't mean we all have the right to develop scams and ponzi schemes, but you get my point.

CMC is known for helping scammers because all of their top exchange rank is false, big lie and shame. In CMC all the top rank exchanges are garbage and shit in real. Almost zero real volume! Therefore, CMC is a partner of IDAX exchange, Hydax sigma tool, and they are scam now! This is how CMC helping scammers!

Quote from: 20kevin20 on March 31, 2020, 05:57:52 AM

I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business. If CZ is going to buy CMC and then start purchasing exchanges and all that too, it means he's looking for power. We don't want some Bitcoin owners and investors to become the next Facebook or Google, do we?

Absolutely right! CZ is seeking for power, he has money and seems he wants to own a lot of things in crypto. When there was a rumour a few days ago that bitcoin price will be zero, CZ tweeted he won't let Bitcoin go to zero, he will protect it! So, I am doubtful by seeing his recent actions. Or maybe we are wrong, he is just collecting all popular things on board to remove the negativity, scam from the crypto network!

Bonwin

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I guess this guy (CZ) knows and understands what he is doing, irrespective of the amount he is paying.
I see him as Mr Capable.
If he succeeds in acquiring it, he might gain a lot of control in the crypto space. Selling it to him is relinquishing a lot of power to him. Already, this guy has one of the biggest if not the biggest exchange in the crypto space. now he wants to take over the face of cryptocurrencies and exchanges, which is CMC. I think that is a lot.
Anyways, if he succeeds in getting it, a big congratulations to him, but the aftermath on other projects and excnages is what i cannot say.

Retainly_Collie

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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

Agree with you, I don't like this happening either. If Binance acquires coinmarketcap, it will surely become king in this market and they can manipulate everything. Hope it will never come true

ololajulo

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Quote from: akhjob on March 31, 2020, 06:50:45 AM

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

Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

There is nothing positive coming out of this deal for Crypto, in general, and I believe 400 Mill Dollar is a bit too much for CMC. But who knows what CZ has got in his mind. This guy is definitely a genius and he knows what he doing. Binance is just evolving to be the Amazon of the Crypto Space, the final go-to place.

I thought my view on the valuation of the website was bias. All they do was analyse the market and list coins and exchanges. Binance is taking the market with this acquisition and consider such holding as excessive and greedy. They have always tried to determine the state of the market for the past 2 years and this will proceed to more manipulation of the space and distrust of every information that comes out of the website. A revelation of a silent take over after a year would have been better.

TopTort777

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Quote from: 20kevin20 on March 31, 2020, 05:57:52 AM

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up?

But coinmarketcap only uses algorithms to gather data from exchange. Listing on CMC doesnt mean anything. Everyone can fill the form and get " listed" or as I would say "have a page on coinmarketcap". Listing on cmc is like listing in excel...This is just a list... The problem is that naive users thinks that listing there means altcoin is traded somewhere.

Winscosinally

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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

SyndicateLabs

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Why does Binance intend to buy coinmarketcap? Do they want to manipulate this market by acquiring the most accurate analytics website? If that's true, I think they shouldn't do it because investors will feel insecure, and $ 400 million seems to be too much to buy coinmarketcap.

btc_angela

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There will be no effect in crypto in my opinion. I would agree that it is big money, and it's a win situation for cmc. But Binance is willing to pay them that much so lucky them. We don't know what Binance will do to cmc though, it they change the whole settings, then there might be a quite few who will shift their attention to similar services like https://www.coingecko.com/en. So lets see if Binance will overhaul everything specially ads for scam and pump&dump coins.

OasisDre

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If you are asked what is the most popular crypto tracking website which will you choose? CMC is the first but they kill their reputation since 2019 when they failed to give the best rating to exchanges this misleading many users, I believe if binance take over many exchanges will be dealt with

Btc_1856

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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.

Psynthax

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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

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.

LbtalkL

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For us, it looks like this deal is a mistake 400 million USD for a price tracker website? It does not help Binance either from what I see. But CZ is a businessman he will get and use everything to his advantage, Look at Binance now it is on top, so acquiring Coinmarketcap might be helpful and beneficial for Binance and crypto community. Maybe they are going to audit and delist sh*tcoins, exchanges with fake volumes generated by bots. Maybe we will be seeing a better CMC, let's find out if their deal will continue.

BlinkInDie

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This would be huge. CZ already has a big reputation in the crypto scene and the community sees him as very successful. If ever this is real and that he wants to get CMC for $400m, that may be a bit overpriced but I think he has plans for it. Some projects are taking this route similar to AVA where they will be acquiring a private markets platform that empowers investors to manage alternative investments. The CEO and other team members will join AVA full time and all their partnerships will be merged in. Nevertheless, excited to see what Binance and CMC will both do in the future.

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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 prefer that CMC will be manage by independent organization that are not against nor in side of any currencies out there to maintain the balance of their data. But if CMC will fall to the hands of Binance there is a big chance that the data in CMC will not be that trustworthy compare to what we have seen right now.

Though it is only my opinion because I am not so sure yet what is the big reasons behind the action of Binance in buying the CMC. If this will not affect that much to the freedom of data in crypto world then I have no problem to it as I am also a user of CMC and almost all the data that I need are coming from that site.

akhjob

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

Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

There is nothing positive coming out of this deal for Crypto, in general, and I believe 400 Mill Dollar is a bit too much for CMC. But who knows what CZ has got in his mind. This guy is definitely a genius and he knows what he doing. Binance is just evolving to be the Amazon of the Crypto Space, the final go-to place.

cryptoaddictchie

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

Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?

Not that much effect IMO. But with this news, many would likely fall for hype, we knew everyone who attached themselves with news. The price could be big but the amount CZ releasing isnt a burden for them. He is wise, and smart, every penny he spend on something worth 10x in return.

Quote from: 20kevin20 on March 31, 2020, 05:57:52 AM

I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business.

Not just bad idea, but could be worse, how, once he control a tool for this, he can now drive projects which he want to support and destroy in terms of volume manipulations. And lets get real here, CMC has a powerful ads everywhere. CZ is scary, he could be the next big thing with his ways.

20kevin20

legendary

Activity: 1134

Merit: 1599

Why is CMC known for "helping scammers"? Because they are listing any coin that pops up? I think this is what decentralization is supposed to mean, isn't it? Like everyone should have the right to develop literally anything - now that doesn't mean we all have the right to develop scams and ponzi schemes, but you get my point.

I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business. If CZ is going to buy CMC and then start purchasing exchanges and all that too, it means he's looking for power. We don't want some Bitcoin owners and investors to become the next Facebook or Google, do we?

pacman7331

full member

Activity: 638

Merit: 118

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

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