we need bittrex (costs 5BTC) or Poloniex (no idea)
poloniex is very hard to reach
i don't know what their requirements before adding new coin
i think they must understand about this one and consider it
Exchanges tend to stay away from coins with large premines due to the obvious dumping by devs - & seeing as this coins premine is not only massive but is also undecleared in the OP - it will always have trouble not only getting listed, but also attracting any serious traders.
It would be great if exchanges would supply information about the premines (initial fundings, etc.) for any coin listed.
As far as I know it's only
C-CEX [exchange] providing a clear "Balance distribution" tab (chart graph upper right) allowing traders to check the balance distribution of the coins available for trade on
C-CEX.
Serious traders take care on many aspects: coin concept, money supply, mining supply, estimated demand / supply rate, etc.
It's a matter of trust
I thought this coin had some potential as an alternative to NMC when I first came across it, until I read this:
Hey, looking through the block explorer, I noticed something that doesn't sit right with me. [...]
Exchanges read these coin threads & do some research on the coin to ensure it is worth their while listing it. Unfortunately, due to the premine & the attempts to hide it, this coin will always struggle to be adopted. Shame really, because the original idea is good.
Yes that's true.
611 had a really hard time to get listed on any exchange.
C-CEX traders made the race voting
611 to #1 about a month ago.
There has been an active discussion on this issue on cryptocointalk.
Consensus: On the aspect of technical implementation and the original idea, possible premine doesn't really matter.
611 coin is working stable with no downtime since the first days. Reliability matters.
Looking at many of other coins published here on bitcointalk you will notice that the premine of these coins is way higher than 90% within the initial period of operation. They just call it ICO (Initial Coin Offerings) instead of premine or mix the premine with placebo contracts.
On GitHub (commit log) you can check that no information has been hided for
611 coin. In fact the money distribution algorithm has been adapted (a few times) during the early development phase to ensure that the coin supply does not inflate too much. That's one of the main issue the majority of other altcoins is suffering.
There are not many altcoins offering the full transparency of every development step made since the initial beginning with additional information provided on the original code base forked like
611 coin does.
Dev. and supporters are constantly trying to improve
611 and do not care on the exchange or trade discussion, yet. That's awesome. Thank you!
Looking at the
611/BTC trade pair chart on C-CEX I think 611 coin is traded reasonably.
