Topic: Why a lot of projects launching exchanges? (Read 426 times)
I think this is because they have seen Binance exchange that successfully received profit multi billion dolar in 1 years. On the Binance exchange there are a thousand transaction per second and they get alot money from transaction fee, so others project also want to make the same profit.
I think the reason why a lot of project launching exchanges because of the higher of the demand that still increasing or let say this is the daily needs of the transactions of the business.
Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges,
I also noticed it, after Binance and Kucoin successfully made it's way to the top, others followed their strategy.i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.
Maybe this is really their way of thinking that if they launch an exchange, they will reach the same success like what others did. But the market for exchanges now are too crowded, too many centralized and decentralized exchanges existing.
Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.
Yea, i think i noticed it too, are there not enough exchanges already, but the fact is, each of these projects are unique and different from others in a way
I believe that investors have seen one more place to exploit, since ICOs are not proving to be so profitable, the exchange instead generates huge amounts of profit just by offering that service and the more currencies the host, have good volume, the higher your profit will be in the form of fees, some exchange also launches its own currency that almost doubles its reward and utility.
Now selling tokens on the exchange is a wise choice for coin developers. Because of the large amount of capital and the large community, it is possible to create quick liquidity for coin. In addition, it can diversify small investors
Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.
we are just seeing almost of them that are trading in exchanges but not see their application in the real life. Just a few is using as a platform to other apps run on it. In fact, they have real applications, but to apply in the real life, they need lots of time anymore and the number of users who know them
I think the reason behind why a lot of projects launching exchanges
because of the increasing of the number of the demand of this is kind of business in this industry because of the investors too.
that could be one reason opening exchange project,but in my opinion exhcange project have huge potential profit in crypto trading.we can take binance, less than five year they gain profit more than millions dollar.and if it compare with existing company in stock market, they are better.daily volume trading and fee on its is main factor why much project based on exchange. because of the increasing of the number of the demand of this is kind of business in this industry because of the investors too.
Basically, they have no idea what they are doing and are desperate to make back money any way they can.
I have seen projects who decide to go the exchange route after the ico and all it looks like is a money grab.
The thing is, these projects will soon find out that this will put them more in the red.
We've gotten to the point where really only 5 exchanges matter, and everything else sucks.
The cost it takes to develop and maintain an exchange will be more than the profit if you have no volume.
For those icos that start off trying to make an exchange, that itself is a terrible business move.
The market is oversaturated and really, none of them stand out at all.
We already have incredible centralized and decentralized exchanges, no one wants new ones.
I have seen projects who decide to go the exchange route after the ico and all it looks like is a money grab.
The thing is, these projects will soon find out that this will put them more in the red.
We've gotten to the point where really only 5 exchanges matter, and everything else sucks.
The cost it takes to develop and maintain an exchange will be more than the profit if you have no volume.
For those icos that start off trying to make an exchange, that itself is a terrible business move.
The market is oversaturated and really, none of them stand out at all.
We already have incredible centralized and decentralized exchanges, no one wants new ones.
I think its after sucess of binance exchange all want repeat it.
But launching exchange its not wasy, especially security problems big, one new exchange recently hacked and now it is scam.
But launching exchange its not wasy, especially security problems big, one new exchange recently hacked and now it is scam.
Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.
Because it will be the most profitable business in this crypto market.Just imagine, the number of ICOs and altoins are always growing day by day even in the bear market. Thats means people will exchange more and more tokens everyday.
So exchanger will be used more often.
I think the reason behind why a lot of projects launching exchanges
because of the increasing of the number of the demand of this is kind of business in this industry because of the investors too.
The increasing demand to provide an exchange that's trustless and decentralized while at the same time the chance of grabbing money from it is huge. because of the increasing of the number of the demand of this is kind of business in this industry because of the investors too.
Exchanges has proven to be a really profitable business despite the difficulty of keeping things on coverage and improving the security.
Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.
BEcause theres a big profit having an exchager so for those project,they choose to have own exchangers than putting their tokens in other sites when they can accommodate own and have opportunities to have other clients in future.
But the problem is those scam projects they are using own exchangers to victimizing investors and so as the participants,better be careful in choosing one,be sure that people behind ico are reliable and trustworthy
I think the reason behind why a lot of projects launching exchanges
because of the increasing of the number of the demand of this is kind of business in this industry because of the investors too.
because of the increasing of the number of the demand of this is kind of business in this industry because of the investors too.
If you research them You will find most of the same ideas from ICO projects that are launching Exchanges.
The Exchange industry has become a favorite for the founders of ICO projects because they can raise a lot of money from ICO investors simply by copying the ideas of an existing project and develop those ideas
The Exchange industry has become a favorite for the founders of ICO projects because they can raise a lot of money from ICO investors simply by copying the ideas of an existing project and develop those ideas
Probably the procedure for obtaining permission from the SEC is very, very problematic, or maybe these projects just do not want to meet with SEC representatives, so they do not see the point in this and make their exchanges.
I think that it is easy to understand why it is happening because it is obviously for everybody that trading and investing are risky kinds of job and that is why some amount of smart people organize market exchanges. This kind of business is much less risky than trading or investing because they do no risk so much and earn a small part of money from every operation like a commission. Your market broker do the same business earning money from each your operation. I do not assert that these are easy businesses because they require much knowledge and a huge enough capital.
Because it is easy to rule the price of your coin/token on your own exchange. Bitfinex has usdt, binance bnb and some exchanges have their coins too.
Cryptocurrency exchanges are the most sort after ico projects for investors to invest in from Icodrops analysis so therefore they will keep coming.
Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.
I believe the reason behind a lot of project launching an exchange site happened once the cryptocurrency ETF in the US and the EU region, Japan, Malta banks planning to work with cryptocurrency matter arise because those two things are one of the thing which block cryptocurrency from going mainstream. Jump to: