One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
I don't think so, most cryptocurrency projects reason nowadays is just to make money, they want people to store or hodl their tokens so that the price will go up and developers will make more money as they hold the most of token supply. There's really no effect to the community about trading competitions, exchanges promote their platforms because if more traders will use their service/platform then they will earn more from every trades being made in their platform, and that's only it. 
Topic: Why are Exchanges promoting Trading competitions? - page 2. (Read 794 times)
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
Both are doing for on their own benefits. Moreover, you cannot predict a trading competition is disturbing the plans of projects from not storing/holding, like when 50% (for example, most MN based coins are having more than 50% locked) of circulation into holding then why not another 10% to 25% may fight for deciding the worth of it.Still, we cannot say a volume based trading competition involves only one asset or multiple assets. For example, when a trader is into competition and he is active with BTC/USDT trading means, I do not think that will influence BTC prices as buying and selling may happen and we cannot predict a competition will enforce its trading into one direction.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
I think most of ICO's creators use the crypto trading - this is the way to get their portfolio bigger.
Anyway, if somebody wants to trade - why not?
Investing in cryptocurrencies does not necessarily say holding it entirely and letting it sleep in your portfolio. If you are a investor who is looking to add up more position without adding more capital trading is your only way to do that. Same thing applies, you sell high and buy low in this way you are looking to add up more buy having more money you produced from selling. Trading competitions is a really good way to promote and give experience to all of your customers, it is also something to look forward to as they are giving rewards to their clients.
When you have profit from crypto, making your own exchange become wise choice if you want to make more wealth !
IMO, it's the efficient way to promote but of course the result will not come instantly.
Being trust need some time and dedication for those exchange will they want to be notice and being trust by all trader.
This is a kind of advertisement / promotion so that traders are interested in entering and making transactions. this is an easy question.
usually done by new exchanger to attract new traders and offer some of their features.
usually done by new exchanger to attract new traders and offer some of their features.
IMO, it's the efficient way to promote but of course the result will not come instantly.
Being trust need some time and dedication for those exchange will they want to be notice and being trust by all trader.
This is a kind of advertisement / promotion so that traders are interested in entering and making transactions. this is an easy question.
usually done by new exchanger to attract new traders and offer some of their features.
usually done by new exchanger to attract new traders and offer some of their features.
The main reason for that is advertising , they get pay from that coin or token to promote trading competition or deposit competition or something like that , I think it is a good idea for both traders and the exchange , I have joined to some of them and have gained something .
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading.
As much as the usual scenario is concern, no it's not. Projects will be benefited in the ups and downs of the value of their respective tokens therefore no such thing as avoiding trades. More liquidity higher the volatility.
Currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well.
The increase of numbers in exchanges and trading platforms around will result in a strong competition. The benefits? Trading platforms will do anything to meet trader's criteria when choosing a platform.
Are their no effects of these to the community..
The downside of increasing numbers of trading platform is they are risky to used especially the new ones.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
Because they make money from trading fee's and they need volume in order to look higher in the exchange lists whereas they would not loss anything from it. It means there are three reasons for them to do this, lets take a look at them one by one, first of all they do make money from the trading fees and when hundreds of people trade in order to win the competition the exchange make a ton of money from the fee structure.Secondly, they are known because of their volume, any exchange that is 108th or something on the volume list is in danger of closing the shop and leaving, which means they do not really make a lot of money and when they are at top 10 that means they are getting bigger and bigger, so trading volume increasing not only makes money for them but also puts their name out there.
Compared to all of this positives, they only give out one gift and that probably costs less than the trading fee's they made so third of all they do not lose anything because of it.
I think they want to create a large volume of daily transactions and they create a community. They do not advertise their trading platform anymore, they spend money to get many traders to participate in the competition.
This will give traders the habit of trading at their trading platform. From there they will have more customers.
This will give traders the habit of trading at their trading platform. From there they will have more customers.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
Exchanges promote trading competition just for one major reason which is profitability to the said exchange. I have participated in some on these competition and won with little or no efforts but many competitors which were not skillful enough in trading lost all their deposit in the exchange which make the exchanges gain as they loose. The more reason why they embark on trade competition is also for the exchanges to advertise their token to investor for investment.
because the more people trade on their exchanger, the more people make deposits and WD and from the cost of withdrawing members to the exchanger's profits
I think it is obviously that trading competitions are just a part of marketing strategy of some exchanges. Now it is very difficult to attract new users, so exchanges and trading platforms are trying to make different promotions, and trading competions are one of them.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
They try to promote their platform exchanges and give users knowledge about their tools. This is very good and effective method to increase their customers numbers and also advertising about their services. Like or not join with trading competition in exchanges will create positive impact into their platform. As long free and no difficult rules, join is very recommended.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
It creates interest and volume in a token from people who otherwise wouldn't notice it. It's a win-win situation. The token developers get recognition for their token and increased interest. The exchanges get increased trading volume and so increased profit from fees.
I think that the stock exchanges promote trade competitions in order to attract large traders who will give large percentages of trade transactions. The more trading pairs and the volume of trade, the more attractive the exchange.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
I think it is only to promote their site, with trading competition, people asked to use all services in that exchanges site. Beside of reward, when people like all features in that exchanges, it can attract people to trading again in that site. 
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
They do really make such competition not only just for promoting their platform but in all angles we can really see on what benefits on both sides it can give.Either on the coin developer or on the exchange itself. So, these competitions turns out to be just like a common thing to be done specially if the exchange is starting up
or on popular exchangers that list out a new coin.I dont see it to be a compulsory thing but i do see it as a must-thing to be done.
I think the trade competition is there to market the coin or to make it look a lot of volume so that other people are interested in joining or becoming a long-term investment choice because the volume of trading is crowded
Its pretty simple really, exchanges profit from regular trades, and trading competition is profitable, hence they promote it.
That is definitely one of the reasons, that is the idea sold by upstarts and ICOs, still trying to get a foothold.
With bitcoin, regular use smis encouraged to boost adoption.
One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading.
That is definitely one of the reasons, that is the idea sold by upstarts and ICOs, still trying to get a foothold.
With bitcoin, regular use smis encouraged to boost adoption.
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