Why is the process of listing Cryptocurrencies simple? - page 2.

xSkylarx

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Quote from: KingsDen on May 31, 2021, 03:08:14 PM

The rate at which shitcoins get listed in different platforms makes it difficult to differentiate a coin created in a good or bad faith. When this shitcoins appear, early investors will take the first sit. If the project becomes successful, they will run into massive profits, otherwise a perpetual loss.

Each centralized exchanges have their own criteria before listing cryptocurrencies. Some easily list those what we called shitcoin and some well-reputated exchanges don't easily list it until it shows some real potential or use-case.

Quote from: KingsDen on May 31, 2021, 03:08:14 PM

Most times a coin might be created in a bad faith. I mean such a coin might be created to solve an immediate problem or sink people's money. Immediately it is listed and promoted it will begin to make wave and hence become attractive to the innocent investors.

This is why people should learn to DYOR before investing in particular crypto not just because many people are hyping it. If it is a shitcoin, early buyers could dump their holdings when that token gets listed on that exchange, some newbies who don't know anything about that coin will still bought at the top because they are hyped and thinking that it will pump more because it is newly listed.

Quote from: KingsDen on May 31, 2021, 03:08:14 PM

I am therefore of the opinion that the processes of listing Cryptocurrencies should be as strict as that of security shares, with reliable regulations. This will not only boost the confidence of investors, it will also ensure the longevity of the coins when listed.

There is no specific criteria or regulation now that exist for those exchanges to follow before listing a crypto. That is why we should only trade on top exchanges where only potential coins are listed. But as I said before to always DYOR because some memecoin/shitcoin still get listed because of its popularity.

SquirrelJulietGarden

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Quote from: KingsDen on May 31, 2021, 03:08:14 PM

The rate at which shitcoins get listed in different platforms makes it difficult to differentiate a coin created in a good or bad faith.

Exchanges have their reputation to protect but with the trend from DeFi and meme tokens, they wipe out their rules and reputation to list shit tokens. As a trader or investor, you are responsible for your decision, not exchanges. Don't blame on them if you are greed and choose shit tokens.

Quote

When this shitcoins appear, early investors will take the first sit. If the project becomes successful, they will run into massive profits, otherwise a perpetual loss.

Big ROIs for early investors, obviously only if those projects successfully catch attention and capital from investors. Most of projects end with failures and broken promises from roadmap, whitepaper, so the longer investors stay in, the more loses they can have.

wayaneka

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Because many DEX allow to listing tokens with less permission, like DEX of Uniswap, Pancake and others. This a bad thing for the crypto market, so that many traders/investors getting losses due to buying bad tokens. So we have to make research first about the tokens to avoid big loss. But for the CEX that has high popularity, they will listing the tokens with high standar. CEX of Binance and Huobi is high trusted exchange with high trading volume.

Yudhisthir

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Cryptocurrency is more about decentralization and with the introduction of decentralized exchanges, getting a token listed and traded are fairly easy as all it takes is a two people wanting to make the trade.
This is generally a good thing as pet projects, community projects and educational projects can easily get listed and traded. Every market is filled with scams and poor options, it's upto users to choose what suits them.

Fundamentals Of

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I agree that many coins are created in bad faith. Most of the coins I think are just created with the hope that it would gain investors and supporters despite its being shitty and would therefore create easy wealth to the developers. And they would then quickly leave the scene.

The process of listing coins depend on the exchange. To a cheap exchange such as Yobit, shitcoins could easily be listed. But to those credible exchanges such as Binance, shitcoins could hardly enter. It is not just because of the high cost but also of the project's strength and community. If some of them mange to enter a top exchange, they cannot sustain a decent volume and would still be delisted sooner or later.

matico

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First, I will like to say that there is nothing like innocent investor! Investors is usually looking for a way to make money and that take away his or her innocence. In the past, it was difficult to get listed on exchange ( most of them centralized) they will ask you for outrageous fee for listing. Now with popularity of bitcoin and more participation, lots of people are creating exchange and lower there fee. The turning point however for listing is emergence of Amm! To avoid bad actors, you will have to dyor as usual and hold to success!

hatshepsut93

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Crypto exchanges and cryptocurrency as a whole is not fully regulated. People are allowed to create a cryptocurrency and sell it to initial investors, which is a lot like unregistered IPO. Exchanges also don't have to ask regulators if they are allowed to list a coin or not. And don't forget that a lot of coins are traded against other coins, so even if there were regulations, some underground markets or even things like DeFi would easily function and allow investors to buy shitcoins.

shinratensei_

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If you meant about the dex and that's a decentralized exchange site and any shitcoin can be listed on the dex instantly but when you were only following the quality of exchange sites and then you will have found that if these exchange sites were doing so many audits to the coins that wanna be listed on the exchange.
I think that you are taking only the decentralized exchange site as a base for your opinion. Just ignore garbage or proven scam exchange sites with fake volume.

electronicash

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those dog coins don't solve any problem but then it's promoted by high-paid marketing staff. dog coins are likely owned by rich teams who can afford to pay the listing fees of binance and major exchanges. but they normally don't list shitcoins. if you mean to Uniswap then that something else because anyone could list there as long as it's ERC token, its liquidity will make it not very hard for the project. eventually, they'd die but in the case of doge, shiba and etc, they are money-making

btc_angela

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And that's why there is IEO, a project that is back up by exchanges, not just exchanges but the top tier. But then again, any shitcoins can be listed though, but their target is obviously, shit exchanges as well because the fee might be low or they work it connivance with the project.

While top exchanges might requires not just fees (which I heard is from 1 BTC and up), but other information as well, specially the devs behind. Again, it is still up to know crypto investors, we should know better not to invest on shitcoins.

CaVO32

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Quote from: Johnyz on May 31, 2021, 04:51:04 PM

Top exchanges have their own standards on listing new tokens, one of those requirements are paying huge fees and that’s why not all was able to land on CEX. We can see a lot of new tokens easily get listed on DEX, there’s no such restrictions as anyone can list their token, so its our job now to know if that project is legit or not, that’s part of doing your own research before you invest.

Tokens listed on DEX has usually no fees, so basically everyone can just add their own token. This is the reason why we are seeing some fake tokens in DEX. So your responsibility is to double-check the token contract address. Because some scammers will create the same name of the token, especially those popular ones but when you check the contract address, it is different. So you need to be careful with that. Trust only the official announcements. But when it comes to CEX, top exchanges are hard as they have stringent requirements as well as high fees. So for CEX, the listing is not quite easy.

Johnyz

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Top exchanges have their own standards on listing new tokens, one of those requirements are paying huge fees and that’s why not all was able to land on CEX. We can see a lot of new tokens easily get listed on DEX, there’s no such restrictions as anyone can list their token, so its our job now to know if that project is legit or not, that’s part of doing your own research before you invest.

tabas

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The exchanges have different standards of listing new coins. We cannot do anything with that unless you speak to them vocally and approach them your concern as if they're going to hear you for that. But otherwise, we have to understand that they're all in for the business and such listings requires fees and requirements that they've set so if a new coin has met all of those, there's no reason for them to reject them unless they go against to their policy and it's a complete scam project.

Cappex

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This is why I am really bullish on the Polkadot ecosystem and its parachain system, I believe that only projects with serious intentions will have the necessary quantity that will allow them to develop the project on the polkadot ecosystem making it an elite.

KingsDen

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Goodnight, o_e_l_e_o 🌹

The rate at which shitcoins get listed in different platforms makes it difficult to differentiate a coin created in a good or bad faith. When this shitcoins appear, early investors will take the first sit. If the project becomes successful, they will run into massive profits, otherwise a perpetual loss.

Most times a coin might be created in a bad faith. I mean such a coin might be created to solve an immediate problem or sink people's money. Immediately it is listed and promoted it will begin to make wave and hence become attractive to the innocent investors.

I am therefore of the opinion that the processes of listing Cryptocurrencies should be as strict as that of security shares, with reliable regulations. This will not only boost the confidence of investors, it will also ensure the longevity of the coins when listed.

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