New projects willing choosing bad exchanges?

CryptopreneurBrainboss

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Quote from: JHORN on June 08, 2020, 01:54:19 AM

What's up with new projects this days? Why are developers choosing p2pb2b, vindax and Latoken for there IEO nowadays? Every single IEO I see or should I say 90% of new projects are choosing these exchanges for fund raising even when they know there chance are slim....I don't just get it, are they willing choosing these exchanges?

They're been forced to as they have no other options but to work with exchanges that are willing to work with them. The very reputed exchanges like binance and their likes charge outrageous fees that most project can't afford and still stay on track in regards to minimizing their expenses.

The reputed exchanges also have their downside so probably some are willing choosing this smaller exchange over the big ones as projects that successfully complete their crowdfunding and get listed immediately get dumb heavily unlike on the smaller exchanges as all Investors are hopinyti make quick profit or minimize lost.

sky_Gritzz

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Quote from: semobo on June 09, 2020, 04:20:10 PM

Its very simple, scam projects chooses scam exchanges to promote.But people who are involved in this are inexperienced scammers because they don't know that no people would trust them if their project gets promoted by a shady exchange.

but few good project used the new exchange to make many portofolio if them already listed in many exchange event they are just small and "maybe" scam exchange to proof investor

Quote from: eidoscore on June 09, 2020, 04:08:01 PM

there are have few factor, and the big factor is developer don't want spend much money for listed their token/coin to big exchange, and another reason maybe they just want to listed in exchange even that exchange is shit

maybe yes mate that argue make sense, LoL Grin

kindbtc

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I think the solution to IEO launchpads and hosting on low quality exchanges is the regulations, all such exchange sand platforms should be regualyed by some global financial authority and all these paltforms should also seek clearance and license for a new project before hosting a new IEO, this will not only filter out bad quality projects but all these IEO hosting exchanges will also be monitored and they will not be able to host low quality projects and investor will also benefit massively from such a situation.

semobo

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Its very simple, scam projects chooses scam exchanges to promote.But people who are involved in this are inexperienced scammers because they don't know that no people would trust them if their project gets promoted by a shady exchange.

eidoscore

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there are have few factor, and the big factor is developer don't want spend much money for listed their token/coin to big exchange, and another reason maybe they just want to listed in exchange even that exchange is shit

ScamViruS

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Quote from: JHORN on June 08, 2020, 01:54:19 AM

What's up with new projects this days? Why are developers choosing p2pb2b, vindax and Latoken for there IEO nowadays? Every single IEO I see or should I say 90% of new projects are choosing these exchanges for fund raising even when they know there chance are slim....I don't just get it, are they willing choosing these exchanges?

Because their budget is low. Listing IEOs on large exchanges requires large funds. And another important thing here is the listing process and rules. They know their project will not accept another big exchange because they have some problems with their project. The exchanges you are talking about are bad exchanges. So it's easy to list here.

qazgroup

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Quote from: JHORN on June 08, 2020, 01:54:19 AM

What's up with new projects this days? Why are developers choosing p2pb2b, vindax and Latoken for there IEO nowadays? Every single IEO I see or should I say 90% of new projects are choosing these exchanges for fund raising even when they know there chance are slim....I don't just get it, are they willing choosing these exchanges?

I do not know why after crypto market has grown so big and mass adoption is around the corner still we have so less options of quality exchange platforms especially IEO launchpad platforms as market only takes 2 or 3 launchpads as a guarantee of success while we need many more because there are dozens of projects lined up to launch, the only solution is that we should have more options and i think the number of quality ieo launchpad platforms is low at the moment and we should atleast need 20 to 25 quality platforms or some low reputed platforms can take advantage and investor can lose which is not the scenario community wants.

zuziekatee

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It's not an easy feat to list on top exchange as it requires a huge budget because it has a higher percentage of success to raise money and trade at good price. Many new project don't want to spend huge on listing or don't have the funds to do so.

Marble777

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I see the same thing that there are many new projects and most of them choose shady exchanges like p2pb2b, vindax and Latoken. but whatever it is knows the reason is only the developer itself. maybe, according to them that's the best way to attract the attention of investors. but not for me.

timmmers

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This is caused by two factors, the first is the fact that IEOs are now not as popular as in the past, so they raise less money and it is no longer as interesting for reputable exchanges as before. Secondly, the exchanges are full and they do not want to list more coins because it would slow down the exchange and the user experience will be worse.

wozzek23

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I had talks with binance before, of course they weren't as big as they are right now but we talked with them to list our coin probably about a year after they got started. They were still big, they were probably still the biggest exchange in the world, but it was just a year or so later, about December 2018 or so. They told us it would take 50 bitcoins to list us, that's it, just 50 bitcoins and we would be listed. Now I am not saying binance is still doing it, they probably moved on from that however when developers can't pay that kind of prize, they won't be able to list it.

Another exchange asked for 8 bitcoins and we couldn't afford that neither we didn't do a funding process (ico or ieo or whatever). This is the reason why many go to places that asks no upfront payment from you.

Nalbo

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No one would willingly choose a bad path. It's the circumstances that makes them do so. Projects needs either some high level links or partnership to reach in a popular exchange or they need to give some hefty fees. If they have none of those options, they go with lesser known exchanges.
Still in my opinion, bad exchanges like Yobit and Livecoin actually self bring those scammy project and list them themselves.

Festac

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Quote from: ?? on ??

Recently I haven't seen projects still doing Initial exchange Offering in these exchanges you listed,like the likes of P2pb2b or vindax, why would developers go to these two exchanges? It still baffles me. What is I see mostly is Probit and I think they are a bit fair.

Then you aren't just looking enough, do some research at least on some bounty campaigns that's still ongoing this year, presently Youengine is using latoken and p2pb2b exchange to raise fund, I raised alarm about the Exchanges on their group but team said they have plans for other exchanges too

bukham88

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exchanges do not arbitrarily accept IEO, they are too selective because the quality of the coin also determines the quality of the exchange, therefore the IEO project switches to poor quality exchanges because no one wants to accept it.

Balladtony77

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Quote from: ?? on ??

Sometimes they're willing as you mentioned, but sometimes they're just forced to it because of the budget they only have to get their project listed at.
If listing in reputated exchanges like Binance was easy then every coins could've made their way there already but we can all see that not all coins do.
It is just up to the listing fee, in general.

The word 'easy' is what makes these exchanges like p2pb2b worthless and useless, imagine if binance makes things easier for new projects, before you know it Binance exchange will turn into another crappy exchanges just like p2pb2b, binance team don't just allow every God damn project on their exchange even if they can afford the money, for binance it's more than just the money, CZ has lots of reputations to protect, why can't other exchanges team work hard to become like Okex or binance? Huh

Winscosinally

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Scam projects will choose p2pb2b exchange over others because these exchange only requires little money to get listed on their exchanges and scammers won't like spending much on their trap projects, seriously p2pb2b is out of my league, Probit and upbit are way better

Samayuki

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P2PB2B exchange and others like it have bad reputations, people hardly use them because they have bad customer services, fake trading volume, that's why tokens and coins perform worse of these exchanges, many good projects are on p2pb2b exchange and Latoken, it's just that the Exchanges are bad

TastyChillySauce00

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Quote from: litepool.ru on June 09, 2020, 06:59:10 AM

Quote from: Mighty_crypt on June 09, 2020, 03:03:07 AM

Quote from: JHORN on June 08, 2020, 01:54:19 AM

What's up with new projects this days? Why are developers choosing p2pb2b, vindax and Latoken for there IEO nowadays? Every single IEO I see or should I say 90% of new projects are choosing these exchanges for fund raising even when they know there chance are slim....I don't just get it, are they willing choosing these exchanges?

You think all new projects that go p2pb2b are here to scam people? You are wrong, some project team have different plans, like listing on small exchanges in the beginning and listing on big exchanges later and some don't have enough money to use better exchanges

It is best to try to choose the medium exchange in this market. It will make their project easier to succeed in the future. If they list it in P2PB2P or Latoken, then their project will likely crash and the price will crash many times, after which the project will die.

I think we must identify whether the project can meet the requirements or not. This is the main problem faced by so many projects. Crap exchange means the project doesn't meet the qualification that has already applied as a requirement to be listed.

tiang_tower

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Quote from: Mighty_crypt on June 09, 2020, 03:03:07 AM

You think all new projects that go p2pb2b are here to scam people? You are wrong, some project team have different plans, like listing on small exchanges in the beginning and listing on big exchanges later and some don't have enough money to use better exchanges

Yes, if we examine in depth, the average project that enters the p2pb2b exchange is a good project, it's just that the bad reputation of the p2pb2b exchange can affect people's trust in the token project itself, and can result in undeveloped development smoothly on the project.

forexandcryptoauditor

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Yes, nowadays, big projects (Sheng Global is an example I know) are choosing these exchanges. The primary reason to choose exchanges other than top exchanges is budget which required to hold IEO on such exchanges.
I see this is an opportunity for these exchanges to grow confidence in their users as well as to upcoming projects.

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