Most new ICO/IEO projects are new crypto trading platforms - page 3.

shinratensei_

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Quote from: farlack on July 14, 2019, 07:44:52 PM

Yes, I notice the same tendency. Do you know why they launch own exchange?
They simply want to scam you and they don't want to pay high fees for listing on top exchanges.

Im not sure about they are going to scam us but they are seeing a big opportunity if the can make their exchange sites become famous among the crypto traders but sadly the competition is very strict and the majority of the new exchange sites can compete with the old coins.
To be listed on the top exchange needs a lot of requirements.

thiscomm

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of course it is very much needed because both their hobbies, binaries and bitmex are very helpful in the process of raising funds to run a project. of course we know how important funds are in a project. for example, their hobbies help to obtain funds by displaying all the conditions and the process of developing the price of a crypto, so we hope that there will be investors who are interested in the development of crypto.

strunberg

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Quote from: Tim1996 on July 14, 2019, 04:20:57 AM

Exchanges have become a profitable business now, some people run it to scam deposits while many legitimate people run it for money as the small fees make sa big sum at the end of every month.

since the growth cryptocurrency trading volume in each day,many investors and developers team thinking this is will be profitable business.trading fee was be main their revenue from daily operational.with more 61 millions trading volume, it will make their income growth massively.and this is why many dev team prefer build projects exchanges.

BayAngelo

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sincerely, i don;t think we need more exchanges again but depending on the regions and regulations. it matters alot.. most of the exchanges you listed or you knew have restrictions in some countries. this might be the reason why we migh see more exchanges to service locations that can't access exchanges.

caffu chino

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Quote from: btccrusher on July 13, 2019, 11:47:12 AM

Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?

for now the crypto market does not need a new exchange platform. we can know because there are still many exchanges that have volumes far from the standard. the more exchanges that are released will make the trading volume divided into smaller ones. binance, huobi, bittrex and other exchanges can be relied on by traders, so we don't need another exchange.

but we still need a good decentralization exchange. because currently there is no DEX that can give us the same advantages as CEX.

jcarlo

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Quote from: btccrusher on July 13, 2019, 11:47:12 AM

While I was scanning through the bounty board section to find a good ICO/IEO to participate and earn a few bucks, I noticed most of these projects are creating/building cryptocurrency exchange. That means it will be a trading platform. All of them promising to be the best exchange ever. All of them showing that none of the present exchange has features like them, what they will bring once successfully raise funds.

Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?

Indeed, now many developer teams are developing new exchangers. The cryptocurrency business is now growing rapidly and the market is getting wider, with more exchangers, it will provide opportunities for new projects for listings in the market.

Tim1996

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Exchanges have become a profitable business now, some people run it to scam deposits while many legitimate people run it for money as the small fees make sa big sum at the end of every month.

kindbtc

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Personally i think that exchange market already seems to be saturated with hundreds of exchanges already online so the scope of new exchanges is very small even now we can see that most of the new exchanges are struggling to get traders and volume so an exchange project now is not a great idea.

Ucy

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That is probably what they think is profitable. I think it is a good thing if they are focused on decentralized exchanges. Maybe If we have more competition in that area we could end up having good DEXes.
Hopefully they are not developing too many centralized exchanges otherwise that area will become saturated pretty soon especially if nothing unique is being built. We already have good centralized exchanges, too many more will get this area saturate

timmmers

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Look at Nash Exchange (NEX), one of the most hyped ICO last year and look at the trading volume: around 70 000USD per day.
So it is not easy to create successful crypto exchange.

Mikcik

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Quote from: fortunecrypto on July 13, 2019, 09:33:40 PM

It's understandable it's a multi-million dollar venture, every project wants to get a crack of it, but the competition is so stiff and it's a dog eat dog business, so many shills and fuds for each exchange no wonder only a few succeed on this venture, right now it's not attractive anymore as there are so many failed ICO based exchange

There is a ranking site for bounty, I know that. I only searched by hand in the Bounties section of the forum. After finding new bounties, I researched their projects more thoroughly then if I feel good I will participate.

raidarksword

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Yes, IEO are more in demand right now rather ICO because many have suffered from ICO scam projects during 2018 and it was drastic effects to investors that they won't to be scammed again in that kind of fund raising tactics of ICOs. As IEO bloomed this year many exchange platforms are taking significance of new projects wanted to conduct IEO sale on such exchanges and with that this could bring back good faith and trust from investors and mostly importantly to get rid of scam projects.

other_side

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Quote from: btccrusher on July 13, 2019, 11:47:12 AM

While I was scanning through the bounty board section to find a good ICO/IEO to participate and earn a few bucks, I noticed most of these projects are creating/building cryptocurrency exchange. That means it will be a trading platform. All of them promising to be the best exchange ever. All of them showing that none of the present exchange has features like them, what they will bring once successfully raise funds.

Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?

I know a lot of projects calling exchange construction capital died after calling for capital to succeed. Most of them have no way to attract users, and large exchange nowadays are invested from big funds and venture funds.

limtjoehua

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it is a necessity and the availability of various exchanges will trigger competition which aims to eliminate domination or the main player of an exchange. because the crypto market will not be enough and good, if it only has one or two exchanges.

fortunecrypto

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It's understandable it's a multi-million dollar venture, every project wants to get a crack of it, but the competition is so stiff and it's a dog eat dog business, so many shills and fuds for each exchange no wonder only a few succeed on this venture, right now it's not attractive anymore as there are so many failed ICO based exchange

celot

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Many bounty coins looks not afraid for listing their coin on greatest exchange market like bitmart, bittrex and binance. Always use bad exchange for listing their coin and make price is dump.

aioc

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That's true I've participated on some of them but unfortunately, many of these exchanges that do ICO did not live up to expectations, some failed to become an established exchange, some just launch their ICO to scam people like what's happenings on IRONX to many wats to get in the games but cannot keep up.

darkangel

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Quote from: btccrusher on July 13, 2019, 11:47:12 AM

While I was scanning through the bounty board section to find a good ICO/IEO to participate and earn a few bucks, I noticed most of these projects are creating/building cryptocurrency exchange. That means it will be a trading platform. All of them promising to be the best exchange ever. All of them showing that none of the present exchange has features like them, what they will bring once successfully raise funds.

Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?

And most are now shams. I once came across a cryptocurrency trading platform called Axnet which couldn't do a proper website with good user interface and trading algorithm yet this project conducted initial exchange offering and made sales. This exchange I speak of never even traded since its launch

BitTraderCute

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Quote from: Pelana vreo on July 13, 2019, 07:20:43 PM

The IEO will always be on a new exchange, there will be competition between exchanges 1 with others, transaction speed, and low costs will be the choice of many users.
The new crypto exchange platform always appears and we will see a large trading volume of some of the coins listed on the new exchange will have a good price in the future

Exchanges are currently competing to provide the best service to their customers. and the current quality of the IEO is concentrating on getting more users and volume trading.exchanges will take many benefit they could launched successfull IEO.

creeps

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Quote from: flagpara on July 13, 2019, 02:40:59 PM

All new exchange showing they will build good exchange with high transaction speed and low very low cost. After success all are change and equal others.

They always promise that, some succeed but most of them are not, maybe this is the profitable project right now as we continue to increase the demand coming from investors and they really want to catch the new comers in the market. I wonder how an crypto exchange made an IEO to its future rival, well they have to be friendly for them to succeed as well.

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