Why Are Coin Devs/Promoters Involved In Obtaining Exchange Listings?

robelneo

legendary

Activity: 3416

Merit: 1225

Quote from: ignitiondefect on January 10, 2017, 05:54:08 PM

In other words, lets say I create a 100% pre-mined token and I do an ICO to sell half of it off. Why is it necessary for me to have any contact or interaction with the various cryptocurrency exchanges? I mean, once the coins are out there, if there's a market for them, won't exchanges just list them? They don't need permission or technical assistance from the developer, do they?

Every exchanges have their own rules,there are exchanges that only accept dev submitted coin,this is in case there are issue about the source and it's wallet which the dev can fix,every coin needs an exchange to show it's real value and every coin is subject to the demand of the traders ..

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

To raise more demand, They won't do it if there is no some instrument from the developer.

Especially some exchange has an agreement for the coin to get listed on their site.

Quote from: tmfp on January 18, 2017, 04:35:08 AM

Quote from: ignitiondefect on January 10, 2017, 05:54:08 PM

In other words, lets say I create a 100% pre-mined token and I do an ICO to sell half of it off. Why is it necessary for me to have any contact or interaction with the various cryptocurrency exchanges?

Money. They want money.

It is the conclusion for OP.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

Quote from: ignitiondefect on January 10, 2017, 05:54:08 PM

In other words, lets say I create a 100% pre-mined token and I do an ICO to sell half of it off. Why is it necessary for me to have any contact or interaction with the various cryptocurrency exchanges? I mean, once the coins are out there, if there's a market for them, won't exchanges just list them? They don't need permission or technical assistance from the developer, do they?

a couple of things here.
when you have a 100% pre mine coin which you only want to sell 50% of, people are not interested in it at all. so you will need to advertise it and the only way that works is to bribe exchanges to put it on their site so people can see and want to buy.
also there should be some place that people can buy and generally trade that coin, and for that purpose you need exchanges and they won't add random coins with no history.

and as you said they won't just add coins, the coin has to be profitable for their platform. which means it has to either pay the exchange owner or have people interested in trading it, generating volume and making the exchange some profit.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: Rockie1234 on January 18, 2017, 04:20:44 AM

I think they might do. Many require a form where the dev has to give technical specifications of the coin and also their own contact details. i don't think technical assistance is the question.

Although maybe I'm wrong, maybe they don't require permission. In which case, they wouldn't add it unless it became VERY well-known. I mean come on, i doubt the exchanges spend their time looking out for the latest altcoins

I would think that the exchanges that are altcoin heavy do look at the current altcoin scene and what is coming out, is out and the community interest in the coin, market cap and so on.

At the end of the day they are a business and they need to make sure that they are making profit from trades especially the likes of Yobit, C-Cex, Bittrex which rely a lot on altcoins.

If a dev wants their coin on an exchange without the exchange possibly adding it in their own time then they can pay a fee to the exchange to have their coin added, even then I am sure there is a vetting process, checking the code etc, although I think yobit might just be adding any old coin.

tmfp

legendary

Activity: 1932

Merit: 1737

"Common rogue from Russia with a bare ass."

Quote from: ignitiondefect on January 10, 2017, 05:54:08 PM

In other words, lets say I create a 100% pre-mined token and I do an ICO to sell half of it off. Why is it necessary for me to have any contact or interaction with the various cryptocurrency exchanges?

Money. They want money.

Rockie1234

sr. member

Activity: 476

Merit: 251

I think they might do. Many require a form where the dev has to give technical specifications of the coin and also their own contact details. i don't think technical assistance is the question.

Although maybe I'm wrong, maybe they don't require permission. In which case, they wouldn't add it unless it became VERY well-known. I mean come on, i doubt the exchanges spend their time looking out for the latest altcoins

ignitiondefect

full member

Activity: 145

Merit: 100

In other words, lets say I create a 100% pre-mined token and I do an ICO to sell half of it off. Why is it necessary for me to have any contact or interaction with the various cryptocurrency exchanges? I mean, once the coins are out there, if there's a market for them, won't exchanges just list them? They don't need permission or technical assistance from the developer, do they?

Topic: Why Are Coin Devs/Promoters Involved In Obtaining Exchange Listings? (Read 414 times)