I agree with @Mealea view on these garbage exchanges that we see all over the internet, but taking into account that most contributors are eager to see the coin listed on some kind of exchange as soon as possible after the ICO ends and most projects/ICOs don't have the kind of funds and/or development to list on one of the major exchanges, a smaller non-reputable, cost-effective exchange is the obvious choice. Of course that the big dogs don't operate on that kind of exchanges, but at least it gets some kind of exposure and liquidity.
If you watch what happens on projects' telegram groups if the crowdfunding ends and the coin/token is not listed yet on an exchange, you'll be amazed. Most of the complainers are bounty hunters and people who bought at massive discounts though. So it is in their best interest to sell the tokens as soon as possible.
Topic: Shit Exchanges, an end to good projects. - page 13. (Read 5400 times)
everything is equally related. when a bad exchange that contains a good project there will certainly be doubts about investing there. Likewise for a good exchange but with a bad project, when they release an IEO sale there it will end badly and that also has a bad effect on the exchange rating.
logically, a good project will be listed on a good exchange too. that is the best way to choose to invest. but when only one is, it will certainly be the weakness of the project or exchange.
logically, a good project will be listed on a good exchange too. that is the best way to choose to invest. but when only one is, it will certainly be the weakness of the project or exchange.
yes, we see many projects like that. after being registered in exchange for petty trade then they disappear without development or ongoing products. This is frustrating, but in reality, not many projects still survive and run after their first year developing the platform
It's what happening in crypto market. Very few projects can afford to spend a huge amount of money on the initial stages of the project, and the listing fee is one of them. So they will choose the easier way, which is to choose shit exchanges to list. 
This has been a problem since the beginning of the ICO market, most of the projects do not care about their token. Their business plan does not include caring about their token price. They get their funds and their out, in best case they develop a good product, in most cases they just pretend to be working.
This is a normal practice in crypto-verse sometimes project owner lists their coins in shit exchange just to please the community.
Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.
Very often, new exchanges have trade volumes by bots and it doesn’t matter for them that there are no trading this coin. On such exchanges the listing will not be canceled, and the team wins in the time-obligations to investors are fulfilled-token is on the exchange. Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.
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.
Or maybe there just are too many shitcoins with too much sell pressure; if they all would be listed in good exchanges, there wouldn't be any good exclusive exchanges,
every one of them would be just filled with shitcoins. And with every project comes with a small community that thinks that their project is somehow better then others and deserve the binance at least
. They don't see that they are just another shitcoin and no one would be interested no matter what the exchange is.Good exchanges are doing everyone a favor by weeding them out.
Other reason is that people haven't got time to study everything. There are gems that will be left unnoticed (for now at least). They might have an active development team that keep on building without looking at the price. But somehow people still think that the price and the exchange is destroying the project. I consider myself lucky when i can buy them with discount because i know from experience that they have huge growth potential.
every project that iwill be on a shit exchange will be there end.
If they have a good sales why they will choose a shit exchnge? a great one will pull then up like binance or what ever that is on top!
If they have a good sales why they will choose a shit exchnge? a great one will pull then up like binance or what ever that is on top!
This is a normal practice in crypto-verse sometimes project owner lists their coins in shit exchange just to please the community.
Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.
Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.
Right now there are projects doing IEO on exchanges such as Finexbox. You don't see these exchanges back in 2016 but they are now doing IEO following the steps of what binance did. The next 5 years all these will also be gone just as how cryptopia and coinexchange turned out. Coinexchange is about to shutdown. Investors wouldn't register to these exchanges, submit the required documents for KYC to invest. I could be wrong but if they list their coin there, it will have low volume
Just invest in a project that runs it's own exchange, and you're golden, lmao.
I don't like the power all these major exchanges has, it's bullshit to say the least. Eventually when we hit full on regulation, and these exchanges are forced to share your personal info with the governments, I'm sure DEX solutions will blossom up, and people will start to realize how important their personal info really is.
Take a look at Blocknet, one of many projects, who built a DEX, they where the first project to launch one actually, and it's working great! Peer 2 Peer trading is powerful, as it eliminates the middleman. You being in control of your funds at all times.
Do your own research
I don't like the power all these major exchanges has, it's bullshit to say the least. Eventually when we hit full on regulation, and these exchanges are forced to share your personal info with the governments, I'm sure DEX solutions will blossom up, and people will start to realize how important their personal info really is.
Take a look at Blocknet, one of many projects, who built a DEX, they where the first project to launch one actually, and it's working great! Peer 2 Peer trading is powerful, as it eliminates the middleman. You being in control of your funds at all times.
Do your own research
DEX it is. But how sure are we that the government are not going to cease these DEXs?
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 disagree with that. For RET, it has grown very well in the past few months when it was only listed on IDAX. The problem here is not so much related to exchange, the problem is in the community.If it is a large community, they will automatically increase the volume purchased on small exchanges without big exchange like Binance, Okex, Huobi. Because projects that rely on fame to survive, will be banned. For example, DEEP has been delisted from Bitmax (first IEO), Perlin, Pundi X, BTT has also been delisted on Binance.
You want to invest on ICO never joining with coin have exchange own platform, your money lost without have ready for their exchange coin, always make beta version but we can sell their coin on his exchange.
This is a normal practice in crypto-verse sometimes project owner lists their coins in shit exchange just to please the community.
Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.
Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.
That's one of the big mistakes CEOs make at new startups now. They don't know how the community and its fomo influence the success of the project.
If we see that these are intended projects on shit exchanges, we should avoid them even if they have a good idea, because the results will also go to dust.
Actually if coins or tokens are good enough they should be able to survive on any low exchanges even if the volume is not much, its just like when new exchange add pairs like btc to eth or eth to btc on the exchange, there is no way that there won't be buying and selling orders on the exchanged If we see that these are intended projects on shit exchanges, we should avoid them even if they have a good idea, because the results will also go to dust.
Just invest in a project that runs it's own exchange, and you're golden, lmao.
I don't like the power all these major exchanges has, it's bullshit to say the least. Eventually when we hit full on regulation, and these exchanges are forced to share your personal info with the governments, I'm sure DEX solutions will blossom up, and people will start to realize how important their personal info really is.
Take a look at Blocknet, one of many projects, who built a DEX, they where the first project to launch one actually, and it's working great! Peer 2 Peer trading is powerful, as it eliminates the middleman. You being in control of your funds at all times.
Do your own research
I don't like the power all these major exchanges has, it's bullshit to say the least. Eventually when we hit full on regulation, and these exchanges are forced to share your personal info with the governments, I'm sure DEX solutions will blossom up, and people will start to realize how important their personal info really is.
Take a look at Blocknet, one of many projects, who built a DEX, they where the first project to launch one actually, and it's working great! Peer 2 Peer trading is powerful, as it eliminates the middleman. You being in control of your funds at all times.
Do your own research
Yes, there are lots of good projects that failed because they choose a wrong exchange. Mostly they do it because of the pressure so they choose the easiest way, to list the cheapest exchange. And as result it reflects coin's price.
The problem is not that the funds are lost on bad exchanges, but that they are not transferred to wallets from there and stored until profit. Even on a bad exchange you can buy a coin and immediately withdraw.
There are many kings of flaws if doing this.
If a good team with a good project will be choosing a shit exchange? that will kill the project! oh their token price!
but most teams are greedy and want to give assurance to their investors that the token are now on exchange.
this made them go to xhit exchanges even the volumes are fake or none!
IF a team is serious about development and promise on their investors they will only choose the best one! not to silence the demand from the group but to make the token worth more while they are doing the development of their project.
If a good team with a good project will be choosing a shit exchange? that will kill the project! oh their token price!
but most teams are greedy and want to give assurance to their investors that the token are now on exchange.
this made them go to xhit exchanges even the volumes are fake or none!
IF a team is serious about development and promise on their investors they will only choose the best one! not to silence the demand from the group but to make the token worth more while they are doing the development of their project.
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.
Listed it in shit exchange simply means this project is also shit. If you want your project to be successful you should list your coin atleast one of the top 10 exchange one is enough start as long as this is good exchange while developing it.If you cannot fund your project for listing why investors would trust your project and buy your token?
That's one of the big mistakes CEOs make at new startups now. They don't know how the community and its fomo influence the success of the project.
If we see that these are intended projects on shit exchanges, we should avoid them even if they have a good idea, because the results will also go to dust.
If we see that these are intended projects on shit exchanges, we should avoid them even if they have a good idea, because the results will also go to dust.
There are many reasons that make developers put their coins / tokens on shit exchange, for investors to be calm because they have entered the market even though it is shit or small exchange. It could be that the exchange itself included it without first asking the developer for permission.
Or it could be that developers are getting frustrated by market conditions but continue to be urged by investors to immediately put them in exchange.
IMO the most important reason is listing fees, these exchanges charge a very small fee, unlike other major exchanges. That will help the project live up to its promise in the roadmap of listing on the exchange. Then they will gone with investor's money.Or it could be that developers are getting frustrated by market conditions but continue to be urged by investors to immediately put them in exchange.
There are many reasons that make developers put their coins / tokens on shit exchange, for investors to be calm because they have entered the market even though it is shit or small exchange. It could be that the exchange itself included it without first asking the developer for permission.
Or it could be that developers are getting frustrated by market conditions but continue to be urged by investors to immediately put them in exchange.
IMO the most important reason is listing fees, these exchanges charge a very small fee, unlike other major exchanges. That will help the project live up to its promise in the roadmap of listing on the exchange. Then they will gone with investor's money.Or it could be that developers are getting frustrated by market conditions but continue to be urged by investors to immediately put them in exchange.
Jump to: