It is mentioned, that
Binance DEX charges a standard flat listing fee of 1,000 BNB, but listing price on Binance exchange is individual. In the same article it is mentioned that Binance charges $250,000 for an alt to be listed for 1 year, as well as charged $2,600,000 other altcoin for being listed. Also you can won voting and get listed for free. So there is no fix price for listing on Binance, everything depends on the projects.
Who would dare to pay that much to get into an exchange that is not so popular now. Binance DEX only made hype at the beginning and now the hype has lost daily volume in Binance DEX only slightly.
With me, Binance DEX seems to be dead. The projects listed there have no volumes. And if someone pays a hefty amount to be listed there, I believe it's a stupid choice.
quite frank most of DEX have no volume and maybe it's because people find it full of inconvenience or any sort of thing but to be listed in binance dex is quite good for the portfolio of that project, you know atleast it got listed in 1 famous exchange despite with low volume.
The scamming and failed ICO's make the dex suffer for low volume since the demand year by year is decreasing since no one interested to invest and trade with those erc20 token since most of them are scams.
binance dex is different and still for sure the there are so many people trading on that site since the reputation bough to their first exchange can bring up trust and traders.
This is the difference when a certain platform had an another area which focuses on other market will really get that much of attention compared to others which do comes out from nowhere.
Popularity would really be somewhat transferred or being parted on the new service that they are offering which did really happen in Binance DEX yet this one is the current decentralized exchange
that actually gained up some users yet we know on whats the current position of Binance platform speaking of todays thats why its somehow anticipated that people who do make use on the
original platform will consider on using up the other one since they do know that they can trust it up specially to those old users that already know the platform much.
Im not really that surprised that erc20 token based Dexes turns out to be shit after that 2017 bull run yet we have seen on how this being polluted by shit coins and fraud projects which totally
changed up the entire face of ICO or even IEO atm which do result into lost of confidence thats why even legit projects had been greatly affected by this because they cant get such enough
funding since there were no people already trust on throwing up some funds.
Heres some old biggest ICO Scams that bagged millions of usd;
Scam name Amount of money scammed ($)
Pincoin and iFan 660,000,000
Plexcoin 15,000,000
Bitcard 5,000,000
Opair and Ebitz 2,900,000
Benebit 2,700,000
Bitconnect 700,000
Confido 375,000
REcoin and DRC 300,000
Ponzicoin 250,000
Karbon 200,000
Source:
https://www.finance-monthly.com/2018/10/the-10-biggest-ico-scams-swindled-687-4-million/So its already a no surprise thing on why people or investors now are hesitant.
How does it work when you get your token listed on an exchange. Does the exchange require you give them a large amount of your tokens so they have liquidity? Who gets the money when they're selling them?
So much depends on the exchanges you are dealing with, they want a percentage of your coins besides the listing fee, that is why they are always looking for community support and potential in the market, the exchange usually can pump and dump your coin or token to attract more investors, of course, they always get a profit from doing this, that is why exchange is the second best business in the Crypto industry.
thats alot of fee then if they will ask for coins aside from the fee but why would they do that ? i thought exchange only request a fee , if not fee then they will get some of your coins a form of payment . exchange isnt also the one that pump and dump coins because they dont have the ability to do that but the one that can do that are whales or sometimes coin owners too . exchange is already a platform where you trade your coins and they already earn enough from this .
Of course to make up some extra bucks, they wont rely just only for a few ways for them to make money and if they do need to ask out for other fee then they would do such thing.
Exchange listing fees are quite common and this is normally being demanded mostly on top ranking platforms in the market.Why? since they do know that they would be hyped up
when it gets listed on known exchange which would result to be a positive or beneficial for investors or coin owner itself.I agree that whales do have impact in any angle.Talking back
on topic on listing then this is one of the most priority of most project owners but it will all vary with the demand because there are exchangers that doesnt asked out any fees but
only they do seek out for liquidity or volume/demand before its considered to be listed.You wouldnt need to pay up some fee and you do just need to prove out that your
project is really worth of to be listed.