Topic: Can this overtake Binance? (Read 344 times)
CryptalDash sounds new to my ears and i never heard it before and didn't any see hype on the social media platform for their advertising. I thought they lack the marketing armour which help them to promote the project, other wise this could be fail. I see no any major partnership of some notable coins to trade. I think they need more enough time and good strategy to launch this project.
Binance is wildly adopted today but as far as i know they halt the registration for new accounts now, That's why kucoin got a lot of traction during the last few months because its also easy to use. I won't tell a thing about this cryptal dash exchange until i use it. Because for me, the key to success on the case of exchanges is its easy to use interface. Because you know a lot of newbie entering the crypto space as it gets some media attention so it's better to be easy to use.
Voted no. While Binance, KuCoin and such blew up massively, they've done a great amount of promotion and partnered with multiple coins. Cryptaldash I've never heard of, but wouldn't deny that their ICO will likely be profitable. Overtaking Binance? Probably not.
Voted No for now. Their advertisement looks like they want us to invest because we need 50x from an ICO. I find it highly suspicious. Any major exchange can gain value by offering uninterrupted trading, high volume and trading pair. They made wrong advertisement strategy.
I agree they didn't do a good job with the advertisement strategy they used. I personally avoid any ICO in which the admin/staff or whoever is in charge mentions how much profits you will make if you invest and if they ever mention "we will moon" or anything similar to this.
Well personally, I now very often use binance, no complaints, no complaints about the work. Quite friendly interface and in terms of trade itself is also all convenient and fast. Pleases as well that the list of coins that are traded there is replenished very often
A better candidate to overtake Binance would probably be Blockport, as a decentralized exchange with the social aspect and many useful features like copy trading, trading on multiple exchanges and owning your own private keys.
It will certainly help IF you could give the link to Blockport, as unable to find out the site. I think there ARE MANY such kinds, but to me this one looked very cool. I previously mentioned the same thing about KuCoin and look where it is today. I am repeating this again, check here 6-8 months later, and give me the CREDIT for pointing about this when MANY didn't counted this.
Blockport is in alpha phase atm, they are trading at Kucoin (BPT is the ticker)
Here is the address: https://blockport.io/
Thanks for your recommendation btw, they are look very promising
Those other 3 have just shy of 100,000,000 circulating supply... CryptalDash is selling 780,000,000
Can it overtake any of them?
But I guess if u invest at 1c and sell a portion at 10c.. you make 10x ur investment.
Can it overtake any of them?
But I guess if u invest at 1c and sell a portion at 10c.. you make 10x ur investment.
Binance is way too far to get surpassed. The stage binance is right now, its almost a completely developed stage. And also the volume of coins in binance is far way great. So for now , maybe they just cant.
I am not fan of this one.I like CoinMetro and CoinLion .Its still very cheap but dont think it will be better than other two that i invested
I am not investing there. I could see just by their names that they can scam someone really soon, watch out. 
Never invest in anything that starts telling you what price their own token will be in the future. That's a rule of mine and I'm going to stick to it.
These tactics are just used to target uninformed investors who are lured in by the promise of great returns. Instead build a great product and let that do the talking and the price will follow.
These tactics are just used to target uninformed investors who are lured in by the promise of great returns. Instead build a great product and let that do the talking and the price will follow.
But how many Trading Exchange platform + Token (ICO) have failed? I don't think I know any name. So, it is in a way very SAFE bet. My actual thing was completely sure that this is a WORTHY investment, but I wanted to know whether it could actually match up or cross Binance. So, I am clear on ONE PONT, but I just liked to know views of experience head how far it could go.
There are quite a lot failed exchanges that has gone through ICO, some haven't started their service for years while some have the platform but no users. Exchange sector has gone through tough competition and only that evolves with time are going to stay.
It's not just about low fees that make an exchange great, it's how many different coins it has listed, and the trades volumes and metric it offers. If this website can compete in those two key areas, then perhaps it can compete. However I would say that is unlikely as very rarely do new exchanges take over the more established players.
The first part you mentioned is entirely spot on, as from outside, it might just look that fees is very crucial, but actually if you see that the big boys who run the show won’t worry about FEES, it’s security as one guy above mentioned and the points you just mentioned not fees. As per last part, I again agree but I think still there is A LOT of room. As with Bitcoin, there is just too much of a gap to cover, but with these it is VERY MUCH possible.
A better candidate to overtake Binance would probably be Blockport, as a decentralized exchange with the social aspect and many useful features like copy trading, trading on multiple exchanges and owning your own private keys.
It will certainly help IF you could give the link to Blockport, as unable to find out the site. I think there ARE MANY such kinds, but to me this one looked very cool. I previously mentioned the same thing about KuCoin and look where it is today. I am repeating this again, check here 6-8 months later, and give me the CREDIT for pointing about this when MANY didn't counted this.
cryptadash new exchanger
very dificult can overtake binance
very dificult can overtake binance
It's not just about low fees that make an exchange great, it's how many different coins it has listed, and the trades volumes and metric it offers. If this website can compete in those two key areas, then perhaps it can compete. However I would say that is unlikely as very rarely do new exchanges take over the more established players.
Marketing strategy of ICO looks a bit suspicous to me ("make x50 investing in our project"). However, it might be successful if they manage the repetitive pain of majority of their competitors - customer support. Establishing quick, smooth and straightforward customer support processes is a key to win among other crypto exchanges.
IF you allow me to correct this a bit, then I say this SLIGHTLY OVER. Although, if we take out recent history then half decent ICO manages you to get x15-20, at least. I don’t think a good option will find it hard to get x50 at all.
Past past news about the hacked exchanges prooves that only ones with very high safety system will compete in the future with the one like Binance!
After all they have to pass security tests and to conduct bug bounty with professionals like white hackers to prove that thaey are safe inought and then could hope to compete with big exchanges in the future.
After all they have to pass security tests and to conduct bug bounty with professionals like white hackers to prove that thaey are safe inought and then could hope to compete with big exchanges in the future.
Before I write anything, I MUST appreciate your point. As whatever I read above, this is the BEST point. The future is going to belong to the MOST SECURE Exchange Trading Platform! CryptalDash certainly got the measurements as far security is concern, but it’s certainly a different ball game when the genius minds (hackers) attempt to break it.
Let us see how they perform in the long term and how they could attract customers and whether they can be trusted,it it true that we have more exchanges coming up ,but i am really afraid to jump to a new exchange too quick,i would like to watch their performance for a while before trading with them.
I think that should be the general way to go about things. It is very much obvious that patience is the key and one shouldn’t be jumping on the guns. However, with that I should add that by now (from recent history) If there is any ICO concept that has succeeded most and hardly seen a failure, then it is fair to say Trading Exchange Platform + Token concept. I like people to correct me on this IF I am wrong.
It will challenge the existing exchanges for sure, especially the ones that don't have those kickback programs in place. Don't know if it could usurp Binance though, that is a tough ask.
Actually, this is a nice thing, as more competition means BETTER setup and more benefits for the users, so let see how it works!
I am not fan of this one.I like CoinMetro and CoinLion .Its still very cheap but dont think it will be better than other two that i invested
it will be too early to say any newly launched project will take over binance ,
bcoz when binance was launched market was full of demand , and binance got successful making cz a billionaire .
but now market is not stable , so until any project prove itself with great and better features , cant takeover already established binance .
bcoz when binance was launched market was full of demand , and binance got successful making cz a billionaire .
but now market is not stable , so until any project prove itself with great and better features , cant takeover already established binance .
I voted not sure. It's way to early when it hasn't even launched to know it full potential. It looks like a promising ICO so I will look into it a bit more.
I think this is bit too tough to say, as there are many people who are panicking, but many who consider it as an opportunity to get in. So, I won’t consider this a point. But yes, it is correct that bit too early to make any judgment.
A better candidate to overtake Binance would probably be Blockport, as a decentralized exchange with the social aspect and many useful features like copy trading, trading on multiple exchanges and owning your own private keys.
Jump to: