Topic: Why token pay for listing of exchangers - page 12. (Read 2896 times)
And some of new exchanges don´t have extra trading fees.They must take money/tokens/coins from new projects/ICO´s becouse it´s almost only way to get paid.
Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem for it to be listed on Exchange...
Why exchangers charge millions of dollars to get a token listed on their exchange?
Because there are demands from coin developers to get their coins listed on a decent exchange. Why does coin dev/community want their coin to get listed on an exchange? There are a lot of reasons. The main reason though is because devs or community wants to start involving "real money" in their project. They mostly either want to cash out or manipulate the price.Why exchangers charge millions of dollars to get a token listed on their exchange?
Note that decent coins usually don't need to pay anything to get listed. The sheer amount of interest to the coin usually enough to drives exchange to list it.
you need to spend money to make money 
what happens is that ICO scammers create a shitty token with no use. they have it to dump and in order to be able to dump they need some other idiots in the market who are buying that useless token. and for that there needs to be a market.
an exchange can provide that market but since the token is useless, the only way they are going to provide this service is if they are paid to.
so eventually exchanges start asking for money to list anything.
what happens is that ICO scammers create a shitty token with no use. they have it to dump and in order to be able to dump they need some other idiots in the market who are buying that useless token. and for that there needs to be a market.
an exchange can provide that market but since the token is useless, the only way they are going to provide this service is if they are paid to.
so eventually exchanges start asking for money to list anything.
In an ideal world it would not be necessary. But we don't live in an ideal world. The exchanges want to make more money. But there are positive examples too. Some exchanges won't list a crypto even if payed a lot of money. For example Binance's CEO said,
We don't list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it's your project! Focus on your own project!
https://twitter.com/cz_binance/status/1028190371719786496?lang=en
One more thing worth to mention. If the cryptocurrency had a fair start, if there were no premine, no developers fee, how would it pay, who would pay? Say bitcoin was not listed on some exchange, who would pay the listing fee?
Quote
We don't list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it's your project! Focus on your own project!
https://twitter.com/cz_binance/status/1028190371719786496?lang=en
One more thing worth to mention. If the cryptocurrency had a fair start, if there were no premine, no developers fee, how would it pay, who would pay? Say bitcoin was not listed on some exchange, who would pay the listing fee?
This explains it all
Project with purpose and good motives with a proper roadmap bringing solution to the masses would be lesser fees
Funny enough is nuance and bittrex rarely list fake projects
That’s their uniqueness and a reason why hodlers always ask “when binance, when moon” in telegram groups
Necessary verification would have be a better idea than to charge huge amont of money....truly some coin doesn't whot to be listed on exchange
Imagine a coin or token with no mission, vision and no problem solved,no road map, no white paper.. Then such token or coin won't have good impact.....
Strict verification would have been a better ideas
Imagine a coin or token with no mission, vision and no problem solved,no road map, no white paper.. Then such token or coin won't have good impact.....
Strict verification would have been a better ideas
In an ideal world it would not be necessary. But we don't live in an ideal world. The exchanges want to make more money. But there are positive examples too. Some exchanges won't list a crypto even if payed a lot of money. For example Binance's CEO said,
We don't list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it's your project! Focus on your own project!
https://twitter.com/cz_binance/status/1028190371719786496?lang=en
One more thing worth to mention. If the cryptocurrency had a fair start, if there were no premine, no developers fee, how would it pay, who would pay? Say bitcoin was not listed on some exchange, who would pay the listing fee?
Quote
We don't list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it's your project! Focus on your own project!
https://twitter.com/cz_binance/status/1028190371719786496?lang=en
One more thing worth to mention. If the cryptocurrency had a fair start, if there were no premine, no developers fee, how would it pay, who would pay? Say bitcoin was not listed on some exchange, who would pay the listing fee?
Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem for it to be listed on Exchange...
Why exchangers charge millions of dollars to get a token listed on their exchange?
Why exchangers charge millions of dollars to get a token listed on their exchange?
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