The exchange rate in BTC is not a good measurement for value. After all, it fully depends on the amount of coins generated. If I make an alt-coin that gives 10K coins per block, it's going to have a low exchange rate with BTC no matter how popular it is. On the other hand, the OneCoin example: The whole currency is capped to 1 coin, trading only happens with fractions of that coin. The single coin is never going to drop below 0.001 BTC (it has that much value for curiosity reasons alone).
A better metric would be the market cap measured in BTC, so exchange rate times coins mined.
Topic: Standards for Listing a Coin on an Exchange - page 2. (Read 1394 times)
Anyone else feel that there should be published standards by the exchanges for when a coin should be listed and delisted? This would prevent backhanded deals, such as what was attempted with NVC & BTC-e.
For example:
"A scrypt based coin will be listed once it achieves a mining hashrate in excess of 100Mh/s. A coin will be delisted once its trade value drops below .0001 BTC/XXX and remains there for a period of 72 hours."
This would prevent the bribing of an exchange to list a coin, and it would also prevent the countless threads of people crying for their coins to be listed on various exchanges.
Obviously each exchange would be free to adopt their own standards. But they should at least be publicly available.
For example:
"A scrypt based coin will be listed once it achieves a mining hashrate in excess of 100Mh/s. A coin will be delisted once its trade value drops below .0001 BTC/XXX and remains there for a period of 72 hours."
This would prevent the bribing of an exchange to list a coin, and it would also prevent the countless threads of people crying for their coins to be listed on various exchanges.
Obviously each exchange would be free to adopt their own standards. But they should at least be publicly available.
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