How do coins take over active coins with missing devs?

joshua123

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Quote from: paramind22 on June 12, 2019, 02:27:56 PM

It happens all the time. Exchanges allow coins to be listed when the dev is missing and there is still a team?
What do you need for this besides a working explorer?

Sometime exchange recognize the legality of the project although the team or dev behind the project is anonymous. Like mixin before their team isnt exposed but exchange recognized them to list cause they have a good project. So meaning the exchange know the team but dont exposed them to public so its okay. But some exchange dont want this and very strict.

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Quote from: paramind22 on June 12, 2019, 02:27:56 PM

It happens all the time. Exchanges allow coins to be listed when the dev is missing and there is still a team?
What do you need for this besides a working explorer?

The coin should at least be sent and received. For a coin with it's own blockchain, it should have miners verifying the transactions or nodes or POS doing the same. They would also need an active explorer. i.e. they need some for of activity to be alive. Unlike coins with their own blockchain, tokens hosted in other platform like Ethereum can be transacted anytime even if no one is using it as it travels through Ethereums blockchain and use ETH as gas.

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Quote from: paramind22 on June 12, 2019, 02:27:56 PM

It happens all the time. Exchanges allow coins to be listed when the dev is missing and there is still a team?

They still have a team after all and they just can hire someone who's been working with different projects if there's anything to add for that coin. And you know what, exchanges these days is about business. You pay the fee and they will list you as long as you comply with their basic requirements, it's the fact.

Quote from: paramind22 on June 12, 2019, 02:27:56 PM

What do you need for this besides a working explorer?

Money to be listed.

pedpedped101

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There is no reputable exchange that would want to list a coin that does not have an active developing team. As a matter of fact, that is one of the criteria of some exchanges and if such is not fulfilled, such coin is being delisted and that is why we see several of such incidence of delisted coins.
Even if some exchanges decide to trade them, there will not be reliable volume, which mostly happens o smaller exchanges.

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Quote from: paramind22 on June 12, 2019, 02:27:56 PM

It happens all the time. Exchanges allow coins to be listed when the dev is missing and there is still a team?
What do you need for this besides a working explorer?

It's not going to work on ERC20 token because the developer owns the contract of the token, and who knows he still has the bulk of the supply, he can do a swap of the coin that the team will create, but with a bitcoin clone coin it's possible I have seen that on some coins, one of this is xtrabyte.

paramind22

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I cannot give an example of a big coin with no active dev being taken over, but many smaller coins have had this. I believe Stronghands and BuzzCoin have, others may or may not be LiteDoge, TruckCoin, VersionCoin. Many coins with good block explorers need more exchanges, but not all exchanges will take them without someone saying they are the Dev.

CryptoLogo

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Do you often see this on the big exchanges? I see similar coins only on small exchanges, maybe I just did not pay attention.Can you give an example of this?

paramind22

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It happens all the time. Exchanges allow coins to be listed when the dev is missing and there is still a team?
What do you need for this besides a working explorer?

Topic: How do coins take over active coins with missing devs? (Read 150 times)