Topic: How many crypto exchanges are really required? - page 9. (Read 1144 times)
Just while the cryptocurrency industry is only at the development stage, everyone is trying to occupy a niche in this world. Since the tokens of projects that are published in the last few years are almost never used, they roll to 0 at their cost. And since the IEO industry is now, there is a chance to create an exchange and sell tokens of other projects there. This is just an opportunity to win money for the creators since the sale of tokens is made for tokens of the exchange project. So far we need to go with the flow and take money wherever they give, but from time to time everything will stabilize and I think that 99 percent of exchanges will close and only the top ones will remain!
The problem is that we have thousands of different cryptocurrencies and some of the less known altcoins are being traded only in one or two obscure exchanges. So in case a bounty hunter or an airdrop recipient wants to encash his reward, then he needs to register to these exchanges. They have no other choice, as the bigger exchanges will never allow these shitcoins in their platform.
When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
I believe you're referring to ICOs IEOs or STOs, since the coins are not yet listed at the point of investing.
This is largely an unregulated field, and while more exchanges may not be required, the developers are not targeting any particular problem to solve, rather they are mostly looking for a way to profit from the market.
Stick to the reputable exchanges (centralized or DEXes).
Do not submit your personal information to just any website.
We have many new projects finding their way into crypto world and we keep seeing new exchanges joining the train as well, the truth is every developers have their own reason for building their projects and i know that building your own exchange this days can make you reach in a short time, for example a project have to meet an exchange's requirement before the exchange decided to launch IEO for the project, all i can say is its all about MONEY, MONEY & MONEY
Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
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