Most investors are attracted through MarketCap sites, because that is where they will first check for information of the coin before going on exchange sites. If the scam coins are not removed, it might be confusing, so delisting them is of necessity.
Yes, MarketCap sites are not exchange sites, but list coins to display information about them, so if they can list for that purpose, they also should be able to delist.
Topic: MarkepCap sites should implement some checks and balances - page 2. (Read 442 times)
They may be out to make profit, but some reviews just have to be made. The standard needs to be restored.
As much as i like coinmarketcap, i will want a situation where investors will lose interest in its credibility.
Not only coinmarketcap, but also other MarketCap sites.
I think the previous ways or criteria need to be reintroduced again, perhaps, that will also help to reduce the rate at which some developers do not care about their projects.
As much as i like coinmarketcap, i will want a situation where investors will lose interest in its credibility.
Not only coinmarketcap, but also other MarketCap sites.
I think the previous ways or criteria need to be reintroduced again, perhaps, that will also help to reduce the rate at which some developers do not care about their projects.
In fact, sites like CoinMarketCap and CoinGecko are not required to detect fraudulent projects, they give us tools to track capitalization, coin rates and the list of exchanges on which they are traded. If the coin turns out to be fraudulent and stops trading, it will be removed from the site.
I think that representatives of the resource MarkepCap should check the real trading volumes of coins.
After checking, we will see that some coins have a volume hundreds of times smaller than those indicated on MarkepCap
After checking, we will see that some coins have a volume hundreds of times smaller than those indicated on MarkepCap
The websites have shown inaccurate information on circulating and total supply for years. I don't trust the information. I always check.
Yes and i think such websites should also not place adsense or anyother third party based ads as mostly we see ponzi or scam projects being promoted their rather all these platforms should sell direct ads by renting ad spaces. This way not only they can check and only allow legit projects to advertise and at the same time they can increase their revenue by eliminating the middleman.
CMC is not what it used to be,the quality of it listing as reduced to the minimal,just hoping that CMC can adjust and correct somethings.
I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I don't think they will do until they are in need for that,for now people were aware of which coin is scam or not so better decide by ourselves than trusting an outside wource which ks working for their benefits. Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
It's not like they have the same criteria for all coins or tokens to be listed as those exchanges. Only trading volume is needed and they get listed for free. If people want CMC to do the extra screening, maybe they should ask payment from those who demands it.
I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
this is where the weaknesses of the system that the marketcap currently has, whether they are for whatever reason do not want to delist coins that have indeed committed fraud or have great potential for fraud. Most likely this is because because the marketcap is free, does not hit the same thing well or not, the most important thing is there are certain conditions that must be fulfilled for the listing, even if cmc has to remove the coin scam, they should also delete gambling and multilevel marketing's coin.
I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I think soon they will do something about this. There are a lot of exchange in cryptocurrency and a lot more are being developed and majority of them are creating fake volume to earn money. That's also one of the reasons why some altcoin price dump due to this fake volume.
Coinmarketcap is a business and their main goal is to make money. It will cost them a lot of resources to go through every single crypto that is listed and do a in depth analysis on each project to determine if it is legit or not. Ultimately the free market will decide what coins are best and there are many alternatives to coinmarketcap if you want to go down that route.
CoinMarketCap presents a really huge amount of coins, and many of them are probably fraudsters and have no demand, but you need to understand that such sites provide us only information for researching coins, displaying the volume of trades, each coin, charts, exchanges on which they are sold and etc. Therefore, I personally do not see any problems, I always use the CMC to monitor my coins.
I don't think it is their job to do it. It probably takes a lot of their time. Just updating the circulating supply of a coin or token already takes a few days of weeks, how much more monitoring which ones are dead.
I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
CMC gets decreased on its quality, so far i you are seeing the fact that it might be dozens of fraud coins delisted from coin market cap till this timeReputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
But it looks like CMC doesn't even care about that and just try to keep it listed on the site.
All that CMC cares about is the trading volume. Once any coin meets the required amount in its trade volatility it is accepted and listed on CMC. The site does not do a thorough check.
Exactly. If the leaders with their income and support fraudsters is a big problem. The market needs to be cleared of this. But it seems to me that it is not anyone who is not interested in anything but investors and hunters.
Everyone who uses these sites, should know that, they are just meant to give firsthand information, but that you should not dwell so much on it, until you gave visited the exchange in question.
Most times, when you see a coin that has lost its value on CMC, you would have known, because, it will only have MarketCap, without trading volume and even if it has trading volume, it will be so minute.
Most times, when you see a coin that has lost its value on CMC, you would have known, because, it will only have MarketCap, without trading volume and even if it has trading volume, it will be so minute.
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I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I agree with you, since this platforms are very useful in terms of data and insights. They must observe transparency and professionalism with those things such as execution on truthful information about the platforms they want to list on the site. This is so important to avoid further problems regarding faked and scam front projects to be listed. Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I agree with you, since this platforms are very useful in terms of data and insights. They must observe transparency and professionalism with those things such as execution on truthful information about the platforms they want to list on the site. This is so important to avoid further problems regarding faked and scam front projects to be listed. Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
I understand the fact that investors should do their research before investing into any project or coin, but MarketCap sites, such as, CMC, CoinGecko and the likes, also have some roles to play.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
Reputable exchanges do screen and scrutinize every coin that is listed on their sites and peradventure there is any already listed coin found suspicious of scam, it will be delisted. With this, i also expect that MarketCap sites should do the same, but these days, it seems they are left and displayed without doing the needful.
If this is done with due diligence by deleting or delisting scam coins, it will go a long way to help the system and at least make it safe to some extent.
The easiest way to clean them out is to get rid of projects with near zero every day volume. By the way, take a look this article about the real situation on the market (https://blog.goodaudience.com/bitcoin-market-value-to-realized-value-mvrv-ratio-3ebc914dbaee) and pay attention to Current Environment section (as well as the whole article). I find it very interesting.
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