Topic: Token listing without permission (Read 368 times)
Possible, i know (exchange) which list token ERC-20 don't need permission, you just need to add in the list and someday Team willl add in exchange. All of people can add token ERC-20.
There are many exchanges who do that. It's ethically not correct ...
I assume you don't think it is ethically not correct for an owner of a token to sell it to someone else. After all, that is the entire purpose of the token. So, if it is ethically correct to trade tokens then why is it not ethically correct to trade tokens using an exchange?
I think it's illegal to do so because ...
Legality depends on the jurisdiction. There are not very many things that are universally illegal. So, please tell us what locations and what laws you are referring to.
There are many exchanges who do that. It's ethically not correct and I'm not sure about the legal side. But you can definitely do that since there are other exchanges doing it. Not taking opportunity of it means losing market share to competitors
there should be no problem with that, since eth was built from btc approach, and its decentralized idea assuming everybody could participate in any way they want. but current environment and overall "standards" are now way far from original attitude, unfortunately. on other hand - if such action could cause negative effect - theres probably something wrong with the token (?)
Is it legally possible to list ERC-20 token without getting a permission from a company that issued that token?
I think it's illegal to do so because one no information is been passed to the company that such action is going to take place and which will create a great calamity to the project within the community.
Well I don't think its wrong, but I can only say morally its wrong. But there is no rule that makes it a crime. I mean its a crypto world where may thing aren't yet regulated and to me I don't think its wrong legally to list any project coin. But its wise to contact the project team first.
Is it legally possible to list ERC-20 token without getting a permission from a company that issued that token?
When you acquire some of those companies tokens through an ico, bounty or other means, then you are free to do what ever you like with them.And the fact that crypto exchanges can either be centralized or decentralized, makes the latter easier to use and list the token at your own convenience... but had you listed on a centralized exchange without consent from its administrators that could invite some legal punishment from the exchange, maybe the token owners too....but what are the odds that you can get access to the back-end of the exchange
In one word: Yes.
In more words: Yes of course, the only caveat is that depending on the token they may be locked. It has happened several times, I recall particularly Quantstamp that was officially launched in Binance, but another exchange listed it the same day.
IMO it is not inmoral, the essence of the ERC-20 protocol includes the ability to transfer the tokens, subject to the contract conditions, so if you want something else (centralised control) you would need to choose a different technology or tool.
In more words: Yes of course, the only caveat is that depending on the token they may be locked. It has happened several times, I recall particularly Quantstamp that was officially launched in Binance, but another exchange listed it the same day.
IMO it is not inmoral, the essence of the ERC-20 protocol includes the ability to transfer the tokens, subject to the contract conditions, so if you want something else (centralised control) you would need to choose a different technology or tool.
big exchanges have a strict regulation, generally it is the project team that contacts the exchange for lsting and pays the fees for that, but if a project was a success with large adoption and that an exchange want to add it to thier platform, they must inform the team of this project and even pay for it (not an obligation).
https://www.linkedin.com/pulse/binance-listing-tips-changpeng-zhao/
Quote
“Very good” projects have stable products and many users, and/or will grow in price and have a strong user base. Exchanges will rush to list these. In fact, exchanges should pay the coin team to list them, but alas, no one can prevent an exchange to list a blockchain asset.
ref:https://www.linkedin.com/pulse/binance-listing-tips-changpeng-zhao/
The crypto marketplace shouldn't be any different from other markets. AFAIK there's nothing wrong in listing a token on an exchange without the permission of the owners, imagine Binance listing a token without the knowledge of the project team, I'm sure they'll be elated and the community will be be happy a top tier listed the token. I do not need permission to buy phones and resell them
Is it legally possible to list ERC-20 token without getting a permission from a company that issued that token?
AFAIK there is no legal regulation exist to prevent that or prohibit that from happening. Most of the time, only exchanger with low volumes who does that. It shouldn't be any problem for a project that already has a huge userbase, but most of the time it could result in several problems for the project itself. There is a case where an ICO is on-going but the tokens already traded on dex, with a huge price difference from the ICO price. They got rekt.
Morally it is wrong. ...
You don't need the issuer's permission to buy or sell tokens, or to set up a market to buy or sell tokens. That the whole purpose issuing tokens. What does it have to do with morality?
Is it legally possible to list ERC-20 token without getting a permission from a company that issued that token?
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