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Topic: Is Running An Exchange Another Means Of Extracting Funds From Altcoin Developer (Read 154 times)

sr. member
Activity: 728
Merit: 254
i came across some post today that talks about the requirement from some exchanges before they can list any altcoin on their platform

As it is righ now to get coin listed on HitBTC Exchange. this is what is required from coin developer/community

Please find below our listing proposal and let me know if you have any further questions about it.

Basic Listing
  6 months listing -----  6 BTC /per market* $33,636.09 at current usd market price.  (5609.09)
12 months listing ----- 10 BTC /per market* $56,060.09 at current usd market price.  (5609.09)
  
does this mean that after coin developers has managed to list their coin on this exchange,
and the duration time of listen elapse (which 6 or 12 months) they will have to pay another fee to continue
trade their on this particular exchange? i need some clarification.

 
Price includes:
·     Listing on Xитep  against one selected currency – BTC/ETH/USDT
·     Re-tweet of your listing announcement
·     Publication on our Knowledge Base page with a short description and a link to your website

Additional promo options:
·     More currency pair options – 3 BTC per each new pair * $16,827.27 at current usd market price.  (5609.09)
·     Blog post + Tweet  – 2,5  BTC * $14,022.725 at current usd market price. (5609.09)
.     Token Contract Audit
·     Professional trading consulting (provided by trusted partner)
 
Listing Promo Package: 3 pairs x 12 months listing + Blog Post = 15 BTC* $81,136.35 at current usd market price  (5609.09)

*Prices valid until October 22, 2017
 
*Terms:
1) Payments are accepted in BTC or ETH
2) Please ask for current price in ETH
3) We require that you embed the HitBTC logo that links to our site or our Price Widget on your project’s main page
4) We encourage you to take part in our affiliate program in order to receive a share of your community’s trades via HitBTC
 
Looking forward to hearing from you.
Sincerely,
Viktoria


I know running an exchange requires funds but this one is definitely out of it


Now let take i closer look at cryptopia


5200000 DOTCOIN current price (87sats per dotcoin multiply by 5200000= 4.524BTC) $25,375 at current usd market price  (5609.09)

what do you guys think about this exchange and their fee?
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