I have always known CMC to be a good site since I started investing in cryptocurrency and I still use it. Although, they have their Owen shortcomings, which sometimes can be misleading. I have seen situations where the price of a coin on CMC, compared to what is on the site, were very much different.
Which means CMC, is just meant to give you a clue on what is happening on exchange, then it is left for you to visit the exchange and confirm.
Topic: MarkepCap sites should implement some checks and balances - page 3. (Read 466 times)
Authoritative exchanges clean up non-fraudulent projects, they exclude trading pairs where there is a very small trading volume, because they do not receive their commission for this. If fraud brings money, then no one will remove it. Isn't Bitcoin Cash a scam !!? But still, all the major exchanges have trading pairs with him.
Coinmarketcap is not responsible for advertising, they just get the money and I think it is normal because it is one of the main revenues of the site. The famous, too, advertise bad products and on them no one takes offense. Just ignore the ads and use the services of the site as it provides everything for you for free.
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.
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.
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.
Actually, this must be done by them because if fake coins go into them, investors will be affected because many investors trust the place of the token listing. So they are trapped to invest their money to buy fake tokens.
Cryptocurrency markets cap rankings website doesn't need to delist any scam coin since it isn't their job. The website functioned just to list the cryptocurrencies market statistics other than that it is our job to research and analysis the project. Actually, it just needs common sense to be able to see a scam project easily.
In any case, such sites as CoinGecko help to monitor the situation in the market and where you can buy or sell tokens. It's convenient. About fraudulent coins-not always even the best experts can recognize a well-prepared SCAM.
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.
In fact, for a very long time, people have already said that the count of capitalization on a coinmarketcap is considered to be not quite correct. But nothing I know happens. In fact, it really has a big impact on the market as a whole.
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.
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