Topic: Why token pay for listing of exchangers - page 6. (Read 2878 times)
A business can not start without starting fund or what we say capital, some exchange are requiring a payment because most of the people sell their token on that exchange on the first day they saw it was registered... If you don't have any back up money for continues outgoing funds you'll go bunckrupt!
I think it depends on what kind of COINS, some well-known potential COINS can be traded without any cost, such as bitcoin, ethereum, and Wright coin.
For a bad project, they would have to pay a hefty fee to list on the exchange.
For a bad project, they would have to pay a hefty fee to list on the exchange.
Projects have to pay for the listings in exchanges if they want to develop their tokens. Best projects are listed without any payments, but others paid. It also prevent traders from scam cause exchanges mostly make audit of projects before listing.
On account of an ICO — especially one professing to be an utility token — paying a trade to quick track a token's posting brings up a prickly administrative issue.
this is necessary to pay huge amount of dollars to get token listed on their exchange because they gives you the legit coin with proper monitoring. it ensure your security.
It’s ok if some amount of bitcoin, Ethereum or dollars can be charged to get listed a token. But charging a huge amount is not good. The lacking of rules and regulations made the crypto market more uncertain.
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?
Binance is not cheap they also charge hefty fees. Only exchange I kinda liked is Bittrex, they sometime list for free (although they are strict on legal mumbo jumbo).
Its part of the nature in this business, if developers wanted to have more speculators and investors they needed to allocate big amount of funds to be listed in much bigger and well known exchange, for my own opinion is been a politics from crypto market where teams who have a good understanding
will place huge capital making sure that the project they cater will be added to good exchange even paying a lots of money, targeting more people to
invest and support their project.
will place huge capital making sure that the project they cater will be added to good exchange even paying a lots of money, targeting more people to
invest and support their project.
How not to say it, it's business. Any project wants the money that they collected by ICO to increase due to the increase in the price of the token. There are volumes on stock exchanges, there are buyers and sellers. While the tokens will be interesting to investors and speculators, the project will be out loud. Less funds will have to spend on marketing
If you look at it from a business perspective, you will realise that for the exchange itself to be successful huge amount of money has been spent and to maintain it hence it's only fair they charge a fee but sometimes the fee can be a little ridiculous though.
DEX doesn't ask fee though which is why its a lot better to just stick there, the only issue trading on DEX is that there's not much volume. You'd rather be staying on Exchange with greater volume than waiting on dex for someone to pick your orders. AT the current price, 1BTC for a list of coin is already ridiculous but some are asking more than 1BTC. Token pay is much safer and cheaper.
it's all about their strategy and increase their volume and another thing is to prevent scam coin from exchange that's why they charge high amount.
In the crypto market, rules and regulations should be maintained. But there is no such kind of regulations commissions that’s why the exchangers charge a huge amount of bitcoin, Ethereum or dollars to list a token.
Maybe it's already the rules of the exchange, it proves the project isn't scam and proves the coin is worthy of a lot of people, but not all exchanges have to pay a lot as well as exchanges that only require the most votes for listings
there are many scam coin in the crypto market. in exchange they charge that much because here you can get legit coin because the fake coin or scam coin will not exchange by giving that much payment.
If this is not the case, the risk of investors will increase a lot and there will be a lot of cheating. Because the list is aimed at many objectives, and it will be difficult to guess good coins and fake coins.
You need to pay a lot of money while listing new crypto. There are no regulations in the crypto market. To get a token listed on the exchange, some amount of bitcoin or Ethereum should be paid. But paying a huge amount, I think it’s not okay.
Almost all the centralized exchanges collect money to list tokens, and they do that because it is their business ans they need to take care of their infrastructure and staff but most of them collect so high, this is more reason why we need decentralized exchanges where listed is not required,
This is apart of crypto ecosystem, company of exchanges also need money to give salary to the their staf and to expand their business. Listing fee also will increasing number of new exchanges and they will to be give better service to the customer.
I think, one way or the other it help to know and rule out scam projects and attach some seriousness to the ICO project since no one will just waste huge sums of money on something not useful but on regular basis it shouldn't have been so but hey the exchanges must also have to run, they are on their own and they cannot generate transaction platform for you without paying anything. If not anything at all their exchange platform was not created freely.
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?
This is business, and if you want to operate with the good exchanges then you have to pay and comply with all the requirements. This is why some shitcoins only listed in not so popular exchanges. If that coin is really serious in making good project then listing in an exchange is not there problem anymore. Why exchangers charge millions of dollars to get a token listed on their exchange?
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