Topic: It's going to get harder for alts to list on the big exchanges (Read 592 times)
it's good and I support them. we need an institution that can oversee project activities. even though they only give a rating, but it will have a big impact on prices, because investors will definitely consider if you see a coin that has a bad rating. and maybe in the future altcoin shit will slowly disappear. and the rest are potential altcoins. so the market will get stronger, as time goes on, no one will be disappointed because the existing projects will be quality.
October 16, 2019, 01:42:54 PM
Yes, it should be difficult to list on the big exchange. Imagine if anyone could list their coin on top exchanges easily, spam coins and tokens would be listed on there, ruining the top exchanges. Listing on top exchanges requiring some high standards or requirements. I believe when the project has successfully developed, they will be able to fulfill the high standard and listed on top exchanges.
I kinda like the idea of having a high standards before getting listed but not so sure if investors or token holders of a particular project will be happy about this changes because most of the time these are the people who are eager to get their tokens listed as soon as possible but what if the project they invested in didn't pass the standards? It doesn't mean that the project is bad or poor but this changes will give them a bad image once they got rejected for listing.
October 16, 2019, 11:34:43 AM
It is actually getting easier and easier. Its just hard to stay on the exchanges because when you don't have anyone trading your coin it is quite possible to have your coin delisted but in order to list you just have to pay the exchanges a certain amount of money.
The sad part is, you pay up to 10 bitcoins to get listed but if you do not get traded and have low volume eventually you get delisted and you are not getting that money back, it was for listing and it got listed, it is your duty to keep your coin interested and if not then you can say bye bye to your listing fee. As long as people keep getting paid for their projects and find the funding in ICO or IEO or whatever they are doing, in the end they will be able to just pay 5 to 10 exchanges depending on the funds they have to get listed.
The sad part is, you pay up to 10 bitcoins to get listed but if you do not get traded and have low volume eventually you get delisted and you are not getting that money back, it was for listing and it got listed, it is your duty to keep your coin interested and if not then you can say bye bye to your listing fee. As long as people keep getting paid for their projects and find the funding in ICO or IEO or whatever they are doing, in the end they will be able to just pay 5 to 10 exchanges depending on the funds they have to get listed.
October 16, 2019, 05:04:31 AM
Yes, it should be difficult to list on the big exchange. Imagine if anyone could list their coin on top exchanges easily, spam coins and tokens would be listed on there, ruining the top exchanges. Listing on top exchanges requiring some high standards or requirements. I believe when the project has successfully developed, they will be able to fulfill the high standard and listed on top exchanges.
October 16, 2019, 02:08:44 AM
In my opinion it is a great addition, because we would not see any trash tokens on exchanges again. If a coin and team members have potential than they need to pass through big problems to finally reach their goals.
October 16, 2019, 01:57:47 AM
This is good news for those who want to be protected from scam projects. Although not a major step taken by governments, the joint decision of the exchanges. This will be almost the first step, and as time passes, there will be a lot of exchanges involved, and we will see the updated version of the arrangement. It is also convenient for us to choose the more reliable ones. Also maybe the volume of little exchanges increases after that. lol
This help investors being guided with chosen tokens/coins to support, with this move coming from the group of exchanges, they will bring good study about project being listed from their respective platforms. If most or all of them will have the same ratings and opinions about coins to be listed the competitions will be selected and investors will enjoy choosing from potential projects to work out.The beginning of joining hands to protect investors being scammed, if this move will be genuinely intended to best interest of the traders and investors.
October 16, 2019, 01:57:15 AM
I think it's a good policy taken by big Exchanges, because those developers will be really serious about the tokens to be accepted on the desired Exchange. The rule is also an appropriate step for other projects that are ready to list their tokens there. So it's not random tokens that can be listed there.
October 16, 2019, 01:44:39 AM
This is good news for those who want to be protected from scam projects. Although not a major step taken by governments, the joint decision of the exchanges. This will be almost the first step, and as time passes, there will be a lot of exchanges involved, and we will see the updated version of the arrangement. It is also convenient for us to choose the more reliable ones. Also maybe the volume of little exchanges increases after that. lol
October 16, 2019, 12:00:23 AM
See the following:
https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01
So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops.
https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01
Quote
Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.
The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security.
The system will use a set of several dozen questions, "derived directly from SEC guidance and case law."
"We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council.
The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security.
The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security.
The system will use a set of several dozen questions, "derived directly from SEC guidance and case law."
"We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council.
The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security.
So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops.
This is the time where the DEX will be the best choice of developers to list their token but that is if the token then was created on Ethereum smart contract, I read that Mcafee created a DEX that can satisfy the needs of developers and traders, let's see how this goes after the implementation.
October 15, 2019, 10:55:19 PM
See the following:
https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01
So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops.
https://www.forbes.com/sites/billybambrough/2019/09/30/bitcoin-giants-coinbase-circle-kraken-bittrex-grayscale-and-others-band-together-to-rate-tokens/#68441bac7a01
Quote
Now, bitcoin trading and investment giants Anchorage, Bittrex, Circle, Coinbase, DRW Cumberland, Genesis, Grayscale, and Kraken have banded together to create the Crypto Rating Council in order to better decide which digital assets can and cannot be traded on their platforms.
The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security.
The system will use a set of several dozen questions, "derived directly from SEC guidance and case law."
"We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council.
The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security.
The group have created what they call a "scalable, points-based rating system" to help define whether a cryptocurrency is or is not a security.
The system will use a set of several dozen questions, "derived directly from SEC guidance and case law."
"We also worked hard to focus our framework on objective, repeatable, fact-driven questions that can be answered consistently by technical experts across different assets and over time," Coinbase wrote in a blog post announcing the council.
The system will give bitcoin and similar digital tokens a score between one and five, with a score of one meaning the council’s independent analysis suggests the asset has few or no characteristics consistent with a traditional regulated security.
So in addition to paying them a lot to get listed, the developers of new alts need to jump through these new opaque hoops.
This is the time where the DEX will be the best choice of developers to list their token but that is if the token then was created on Ethereum smart contract, I read that Mcafee created a DEX that can satisfy the needs of developers and traders, let's see how this goes after the implementation.
October 15, 2019, 10:46:32 PM
It is burdensome for developers who want to enter large exchanges, but this is also precisely to eliminate the fake projects that roam. The entry into the large exchange indicated that the coins were indeed very serious in developing their respective projects. We'll see in the future what it looks like.
that's right, this is one way to prevent fake projects from being registered. i think this is very good, so we can see which are serious projects and fake projects. if their project is serious, the development team will strive to make their coins successful. so investors are not afraid to invest in their projects.
October 15, 2019, 10:14:20 PM
It is burdensome for developers who want to enter large exchanges, but this is also precisely to eliminate the fake projects that roam. The entry into the large exchange indicated that the coins were indeed very serious in developing their respective projects. We'll see in the future what it looks like.
that's right, this is one way to prevent fake projects from being registered. i think this is very good, so we can see which are serious projects and fake projects. if their project is serious, the development team will strive to make their coins successful. so investors are not afraid to invest in their projects.
October 15, 2019, 08:27:10 PM
because more and more altcoin will be very reasonable if large exchanges certainly provide more stringent rules for new altcoin who want to register on their exchanges. especially now that many altcoins don't have good trades, now exchanges should not be profit-only. choosing good coins will make the exchange also have a good impression for traders and investors.
October 15, 2019, 08:21:31 PM
It is burdensome for developers who want to enter large exchanges, but this is also precisely to eliminate the fake projects that roam. The entry into the large exchange indicated that the coins were indeed very serious in developing their respective projects. We'll see in the future what it looks like.
October 15, 2019, 08:14:18 PM
This is not new news, it's been a long time since alt had difficulty entering into large listings. almost every project that emerges always promises to listings their coins in a large exchange. in fact most of them failed, for many reasons. in my opinion this rule has been going on for a long time only recently have they joined in formulating a joint rule.
October 15, 2019, 08:01:17 PM
I guess soon this will all be big business and even bitcoin (as it was way back in the day), could never get listed. Sad day.
October 15, 2019, 07:50:40 PM
Every altcoin want to listed with exchange market have paying fee based on which one exchange market, inside have minimum volume transaction in exchange market. Almost new coin dev looking with lower fee payment for listing coin on exchange and they have use shit exchange to listed coin because with lower fee have to pay and give bad for altcoin with lower price after listing.
October 15, 2019, 07:24:06 PM
It's no longer secret that if altcoins want to list on big exchange they have pay a lot of listing fee which almost impossible to new altcoins. I think the system like this is not good since there are many potential coins but not funded well
October 15, 2019, 07:20:28 PM
This would be good so that not all altcoins just because they have money to get listed can have their spot on big exchange. It could also be a way for this giant exchanges to comply with SEC since crypto is now growing. This could at least makenit difficult for scam project, or projects with no real product or use case to be listed.
October 15, 2019, 04:36:21 PM
Even until now, it has always been difficult for many projects to get their coins listed. Most of the developers of the new alts are really aware of this. To make things simple and easier for them to get their tokens listed on exchanges, they often opt for the smaller exchanges.
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