Topic: Few questions about decentralized projects and fake volume (Read 97 times)
Fake volume or not, centralized exchanges will always have the highest volume, do research on this by using Coinmarketcap you will get the answer you seek, again I don't see any issue using centralized exchanges to trade a decentralized token project
1. If a project is built as a fully decentralized platform and team meant to keep it that way can the project survive with dex exchanges only?
2. Decentralized projects that end up listing on centralized exchanges, how does that sounds? Are they truly trying to make decentralized really decentralized? Or breaking decentralized.
3. Do all exchanges uses fake volume? Few people believed that even those top exchanges we like praising are using fake volumes as well.
I will love to go through all comments, thanks
2. Decentralized projects that end up listing on centralized exchanges, how does that sounds? Are they truly trying to make decentralized really decentralized? Or breaking decentralized.
3. Do all exchanges uses fake volume? Few people believed that even those top exchanges we like praising are using fake volumes as well.
I will love to go through all comments, thanks
1. What is important here is that the project is decentralized, the token or the coin can be traded on both exchanges.
2. Trading is different a decentralized project can be traded on any exchange for the betterment of the investors.
3. No not all exchanges show fake volume. For example Binance and Coinbase.
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Decentralized exchanges do not have fake volume because it would not be economically advantageous. Secondly, you can verify this claim easily by checking the volume on decentralized exchanges, for example on the Coinmarketcap website. The biggest DEXs can´t compete with the biggest centralized exchanges.
Not all top exchanges use fake volume, it's not needed because most projects that get listed on top exchanges are high quality and demanding projects, only bad projects need fake volume and you can't find bad projects on exchanges like binance, Okex, huobi e.t.c
i feel like a couple of things are being confused with each other here.
having a coin listed on a centralized exchange is not going to change anything about that project. after all bitcoin is THE decentralized cryptocurrency and it is listed on all centralized exchanges and decentralized ones alike.
similarly having a coin listed on on decentralized exchanges doesn't change anything about that project.
what is important is the project itself. there are many that are only pretending at being decentralized, specially tokens, when they are really not. having their token listed on a DEX is not by choice but by lack of it. their token is usually either too useless or too unpopular to be worth listing on a centralized exchanges since they are always bigger and more strict about what they list.
as for fake volume, it is being blown out of proportion. existence of it in a market is not the end of the world. manipulation exists everywhere in the world even in traditional markets.
so again it comes down to the project itself. if a cryptocurrency is really useful then it shouldn't care about where it is listed or whether its market has some manipulation, fake volume,... the utility ensures its success and survival.
having a coin listed on a centralized exchange is not going to change anything about that project. after all bitcoin is THE decentralized cryptocurrency and it is listed on all centralized exchanges and decentralized ones alike.
similarly having a coin listed on on decentralized exchanges doesn't change anything about that project.
what is important is the project itself. there are many that are only pretending at being decentralized, specially tokens, when they are really not. having their token listed on a DEX is not by choice but by lack of it. their token is usually either too useless or too unpopular to be worth listing on a centralized exchanges since they are always bigger and more strict about what they list.
as for fake volume, it is being blown out of proportion. existence of it in a market is not the end of the world. manipulation exists everywhere in the world even in traditional markets.
so again it comes down to the project itself. if a cryptocurrency is really useful then it shouldn't care about where it is listed or whether its market has some manipulation, fake volume,... the utility ensures its success and survival.
1. It can also be in the centralized exchanges.
2. The project being decentralized doesn't have any relation being listed its token to a centralized exchange. The people and its developer should pay attention to its use.
3. Not all but many do use fake volumes.
2. The project being decentralized doesn't have any relation being listed its token to a centralized exchange. The people and its developer should pay attention to its use.
3. Not all but many do use fake volumes.
There is nothing wrong making a decentralized project token available on centralized exchanges, remember that not all people likes using decentralized exchanges, including myself, it's better for a token or coin to be available on both Dex and Cex exchanges, this way volumes and liquidity will grow bigger
1. If a project is built as a fully decentralized platform and team meant to keep it that way can the project survive with dex exchanges only?
2. Decentralized projects that end up listing on centralized exchanges, how does that sounds? Are they truly trying to make decentralized really decentralized? Or breaking decentralized.
3. Do all exchanges uses fake volume? Few people believed that even those top exchanges we like praising are using fake volumes as well.
I will love to go through all comments, thanks
2. Decentralized projects that end up listing on centralized exchanges, how does that sounds? Are they truly trying to make decentralized really decentralized? Or breaking decentralized.
3. Do all exchanges uses fake volume? Few people believed that even those top exchanges we like praising are using fake volumes as well.
I will love to go through all comments, thanks
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