Shit Exchanges, an end to good projects. - page 11.

efxtrader

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GoMeat - Digitalizing Meat Stores - ICO

Quote from: Rebisco on October 09, 2019, 02:45:40 AM

Quote from: Mealea on September 14, 2019, 12:30:18 AM

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Do not use exchange if you feel something is fishy, you should always be careful on what exchanges that you use. There are a lot of shit exchange that have high fees and low security.

Agree, rather than hesitate to use exchangers that look suspicious, it's better to use exchangers that are already known to have a good reputation. In addition, it is better not to keep the coins we have in the wallet exchanger because it is very vulnerable and it is better to keep it in the wallet that we control the private key

Rebisco

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Quote from: Mealea on September 14, 2019, 12:30:18 AM

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Do not use exchange if you feel something is fishy, you should always be careful on what exchanges that you use. There are a lot of shit exchange that have high fees and low security.

red4slash

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Quote from: asus09 on October 09, 2019, 02:26:27 AM

Depend on how owner want to make their coin at the future, many of them make their coins become lower because listed with shit exchange market, they are looking for which one exchange market have less fee for listing their coin without care about how price after listing, higher than ICO or not just thinking about his profit.

sometimes it is confusing if the project is good enough but does not qualify for entering a large market because it is important to know that every exchange has rules that they make and it is quite difficult for coins that have low standards to get into the market

Samboo

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I think exchanges are not solely responsible for the dump of a project. If a crypto project is good enough and has potentiality to grow, it does not require so called good exchanges to grow. It does over time no matter in which exchange it is listed. I have seen that some coins have not grown even after listing in so called good exchanges.

asus09

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Depend on how owner want to make their coin at the future, many of them make their coins become lower because listed with shit exchange market, they are looking for which one exchange market have less fee for listing their coin without care about how price after listing, higher than ICO or not just thinking about his profit.

Katashi

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Usually after a token sale investors always ask the team of when they exchange their token and as the team owners they don't want their investors to get angry at them so they list their token on an exchange with cheap listing fees since they are managing the funds collected to sustain the project for the long run.

amonymous

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A shit exchange will decrease a good project value because shit exchange no have any good partnership, activity support, and no have biggest investors or traders. So everyone smart investors want follow good exchange with more safetyfull security.

alan2here

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Quote from: Sithara007 on October 06, 2019, 11:55:21 PM

Everyone needs to remember that the exchanges play only a very small role in the cryptocurrency valuation. The most important factors are the viability of the project, reputation of the team members, adherence to the timeline and legal status of the project. Exchanges come in to picture in a later phase, after the ICO is completed. If the project is a good one, then it will survive even if no major exchanges list the token. On the other hand, if the project is not adhering the timeline, then there will be no use even of it is listed in a major exchange such as Binance or OKEx (normally these exchanges won't allow shit projects to be listed).

Big exchanges are always very serious about listing a new coin because they often evaluate the project very carefully and must meet the criteria to be listed here. I usually choose good projects at Binance exchange because this is an exchange that allows investors to liquidate at any time and the trading volume is always very high, so evaluating a good project is very easy.

Also before investing you should monitor some fluctuations of this market because if you do not invest in the right time, you will face a lot of big risks.

r_delossa

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Greed of team management is an end to good projects. If team members are greedy, you can forget about good listing, promotions, marketing campaigns, bonuses and much more. Not only exchanges, but the wrong attitude is the reason for failures.

Bitfling

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Quote from: ?? on ??

I was confused, if they were indeed a good project with a clear product, then they should be able to fund Exchange to get a list there. With the funds already they collect so it is very possible they can afford to pay Exchange for listing their tokens.

Sometimes a large exchanger imposes a very large listing fee and the developer team makes the decision that the money is better used to finance the project. Indeed, some large exchangers sometimes provide free listing fees, but very rarely.

setialovers

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Quote from: Miklight88 on October 07, 2019, 12:40:27 AM

we have lots of token with great potential but the team with very low focus went to list the token in bad and very low liquidity exchange also can damage the project and most dont know what decentralized and safety is mean for every investors to have their token traded in big or low exchnage as the exchange can be compromise and all sltoken can be stolen.

Agree, in my opinion there are many good projects and have products but because the team decided to register on a small exchanger, large investors become ignorant of the project. With small liquidity, I think it is difficult for good projects to develop and attract investors because large investors usually look for tokens or coins that have large liquidity

Miklight88

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GDZKVBV3L3JU5TFDBWMUMPZAHD3OSM2I3TAJRWPG7KU5U4UZCI

we have lots of token with great potential but the team with very low focus went to list the token in bad and very low liquidity exchange also can damage the project and most dont know what decentralized and safety is mean for every investors to have their token traded in big or low exchnage as the exchange can be compromise and all sltoken can be stolen.

Zeke_23

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Quote from: Xxmodded on October 06, 2019, 07:33:16 AM

Shit exchange could give bad reputation for good project, don't care you ICO sold out in few weeks but if listing on shit exchange market become bad coin with lower price, otherwise if not good coin but dev and team want to work for listing with big exchange market I think shit coin become great and higher price coins.

It is because the number of users of those not so popular exchanges are not so high, they cant supply the volume required to circulate in the market. They can easily dump the price if its supply is limited to a small volume, and it will lead to a non-circulating and no value cryptocurrency.

Sithara007

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Everyone needs to remember that the exchanges play only a very small role in the cryptocurrency valuation. The most important factors are the viability of the project, reputation of the team members, adherence to the timeline and legal status of the project. Exchanges come in to picture in a later phase, after the ICO is completed. If the project is a good one, then it will survive even if no major exchanges list the token. On the other hand, if the project is not adhering the timeline, then there will be no use even of it is listed in a major exchange such as Binance or OKEx (normally these exchanges won't allow shit projects to be listed).

Akoldi_ibk

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Quote from: Mealea on September 14, 2019, 12:30:18 AM

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

I agree with the issue you raised in your writeup. And I want to add that in some cases investors and/or bounty hunters are fond of pressurising the developers and the team for a listing on exchange. The situation were not always being handled well by the team and often times they bowed to the pressure of the community demands, thereby list their tokens on some shit exchange when it was not even planned. I've been in a few communities and I have observed how impatient investors and other players can be.

Xxmodded

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Shit exchange could give bad reputation for good project, don't care you ICO sold out in few weeks but if listing on shit exchange market become bad coin with lower price, otherwise if not good coin but dev and team want to work for listing with big exchange market I think shit coin become great and higher price coins.

Sithara007

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Quote from: KnightElite on October 05, 2019, 03:27:34 PM

There are now many bad exchanges due to its bad customer support and also bad reputation from the community. We should only use the exchange with good reputation from the community and have good service.

I am afraid that in many cases the users can't afford to do so. Take the case of bounty hunters for example. After the campaign is finished, the rewards are being paid in the form of tokens. Now these tokens in many cases will be traded only in one or two minor exchanges. So the user needs to register for these exchanges in order to cashout his bounty. This is not an easy process, as most of the exchanges now ask for KYC verification. And it can be risky as well, as you are sending your passport copy to unknown people. But there is no other choice for the users here. These tokens will never get listed in the major exchanges such as Binance and Huobi. And the users needs to exchange it before the tokens get completely worthless.

Aabcde

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This is what I want. In the sense that the developer or team of a project, must really develop their ideas first until it is actually realized rather than just selling the idea at the beginning with the frills ICO or IEO. Sometimes the roadmap they provide also cannot be realized on time. Therefore, it's better to finish your idea first and launch it to attract investors.

On the other hand, developers are also urged by bounty hunters to immediately register on the exchange, which in turn refers to shit exchange. If this is indeed the reason, it is better for bounty hunters to be paid with BTC, ETH, EOS, or whatever already has a market price. This is to minimize the fall in the price of the coin or token when entering the shit exchange.

DabsPoorVersion

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Quote from: X-ray on October 06, 2019, 01:34:31 AM

Quote from: Vinalians on October 06, 2019, 12:27:41 AM

Totally agreed into this. Some developers are forcing their good project tokens into shit exchanges that's why the token will be bought in there at the first time listing and then the following days will be doomed. The value of the token will just keep going down. If they just only waited to be listed in some good exchangers for sure the value would increase and the token will be level up. Maybe it is the right time that any new projects will be collecting or sepate a money just to listed in major exchanges so that the value of token will not be doomed.

It's undeniably true that forcing their coin or token into a shit exchange will definitely bring down the price to another miserable level because there's just no liquidity there and I wonder what kind of silly people willingly to put huge amount of money into a shit exchange anyway. Therefore it's always better for the project itself to be able to get listed into a big exchange despite the fact that they usually charges huge fee but it's better than making the coin valueless simply because it will bring down the project to the stage of bankruptcy and will result more loss to the project rather. However I believe that if a coin could perform really well even better bring the hype some good exchanges might pick it up.

Dev is not the only one at fault here, many bounty hunters are always asking if when did they plan to put the coin into an exchange. In this case, the project will be put in rush to everything. Everyone wanted to sell their coin immediately to get their payment instead of waiting for the project to finish the things they need to do. They wanted to dump the price of the coin even if it is not yet started circulating in the market.

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Quote from: Vinalians on October 06, 2019, 12:27:41 AM

Totally agreed into this. Some developers are forcing their good project tokens into shit exchanges that's why the token will be bought in there at the first time listing and then the following days will be doomed. The value of the token will just keep going down. If they just only waited to be listed in some good exchangers for sure the value would increase and the token will be level up. Maybe it is the right time that any new projects will be collecting or sepate a money just to listed in major exchanges so that the value of token will not be doomed.

It's undeniably true that forcing their coin or token into a shit exchange will definitely bring down the price to another miserable level because there's just no liquidity there and I wonder what kind of silly people willingly to put huge amount of money into a shit exchange anyway. Therefore it's always better for the project itself to be able to get listed into a big exchange despite the fact that they usually charges huge fee but it's better than making the coin valueless simply because it will bring down the project to the stage of bankruptcy and will result more loss to the project rather. However I believe that if a coin could perform really well even better bring the hype some good exchanges might pick it up.

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