Do you think testnet coins should be trade able already in exchange - page 2.

bitmover

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Quote from: robelneo on June 01, 2020, 11:28:47 PM

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed,

Testnet coins are not incomplete neither full of bugs.

Testnet is just an alternative chain which is used for testing purposes.

Let's suppose you want to make a bitcoin wallet. You need to test bitcoin coming in and out of that wallet, signing messages and so on. There is no reason to buy real bitcoins for that.

Another example: you are making an ethereum smartcontract. You need to test as much as you like to debug your software. There is no reason to spend thousands of dollars in testing. Just go to a website and claim ETH testnet for free. You can test all you want for free without spamming or congesting ethereum network.

Quote from: robelneo on June 01, 2020, 11:28:47 PM

Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

Which investor would buy something which anyone can redeem for free?
Testnet coins are not meant for investors, but to developers.

Ziskinberg

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Why not, being listed in a trading site does not oblige people to buy the coin.
They have to know what the coin is traded by doing some research, and if they believe on the potential, then they will take the risk by buying it.

We are in an open market, no one should stop a project regardless of its status from listing in exchange.

Besides, it's the exchange policy of listing that will decide it.

Festac

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Quote from: robelneo on June 01, 2020, 11:28:47 PM

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

You know the answer to this already, testnet projects are incomplete and always full of bugs, how will one start selling that on exchange? If you come across any project selling their testnet tokens on exchange you'd better walk away

blue Snow

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Quote from: robelneo on June 01, 2020, 11:28:47 PM

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

never knowing testnet coin trading on exchange, some member sell bitcoin testnet in market place board. For Sale 1300 Testnet Bitcoin
you can build own by following https://github.com/freewil/bitcoin-testnet-box maybe in future have value for some research or something.

Avirunes

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Quote from: robelneo on June 01, 2020, 11:28:47 PM

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

Test net coins are only to test the network. They are not supposed to have any value. They are only for developers of some sites to test their if their network is running fine and handling automated requests. The moment it will start getting traded on exchange it will lose the meaning of "testnet". Testnet is usually used by developers so that they can test with coins with no value so that even if there some error happens they don't lose any coins that has real value.

Towerbreeze

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No, that's so off, testnet means the project is not fully ready to start running or working, trading such coin on exchange already is red flag, do not get into such coin, it's probably scammers behind the invisible wall

jossiel

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From the word itself, I don't think that it's appropriate to see them on exchanges already. Although we see some errors for the actual coins but, I just don't think that it's right to allow them traded on exchanges.

What is this testnet coin you are describing?

robelneo

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Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

One of the coin that is already trading in exchange even though it's on testnet is
https://www.coingecko.com/en/coins/idena

Sorry for late in including in my thread

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