Will this have any impact or not? - page 3.

gweedo

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Quote from: cryptoaddictchie on April 04, 2020, 03:11:05 AM

Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

Coinmarketcap is a coin and token tracker thats has good volume. We knew before a project can be listed there they are required to have specific daily trading volume CMC requires. I think CMC doing this already before even Binance doesnt acquire them. But I am be grateful if Binance would initiate removing those shitty exchanges that fake volume. Or their feature about reported exchanges. The data here shows manipulation which confuses traders with the active market price for each token and coin. I appreciate if they will start with these exchanges.

p2pb2b
latoken
vindax

Can add more but these three really made a huge fake volumes on their list.

Go to coinmarketcap and look for a 24-hour volume of exchanges, you're sure to be surprised at them because so many bullshit exchanges are leading the way. I tried going through their website and found that they use bot trading, not too many people use those exchanges.

thisnewcoin

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Quote from: Wildwest on April 04, 2020, 07:07:35 AM

If this is done then it is very good for the crypto space in the future, because nowadays many of us find dead coins in Coinmarketcap and if not in the fix it will be increasing, and if this is done then it will be positive impact for other crypto value that has been restrained by an obscure coin, we expect this problem can happen.

You are right. Dead coins are making confused to the new people in the crypto industry! Therefore inexperience user can easily fall in shit exchanges trap by seeing their high rank in Coinmarketcap! CMC was doing a shady business for a long time by allowing these! But as Binance never compromised with the quality, so, I believe they will take an action against all those fake, dead, bot crypto projects!

cytpoway121

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Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

Its in 2 ways if we reason it through, 1 is binance doesn't actually need to remove the projects.
There are terms guiding coinmarketcap and any defaulters will definitely be delisted.

We can just look forward to perhaps more stricter terms.

Divinespark

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Quote from: thisnewcoin on April 04, 2020, 07:11:33 AM

Honesty I am dying to see that action asap! I just can't bear the P2PB2B, Vindax and other shit exchanges on high rank and thousands of token in CMC! Binance yet to control the Coinmarketcap, they will go forward slowly and I hope they will remove all those shit token, exchanges from the crypto market for sake to build a better crypto industry!

So many scam exchanges and altcoin scams are listed on coinmarketcap, it's really funny when we check the 24-hour volume of exchanges. Fatbtc, bilaxy, coinsbit ... these bullshit exchanges rank first in volume ... We need Binance to get rid of these exchanges as soon as possible.

XCANA

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Quote from: VDraci on April 04, 2020, 03:13:19 AM

Yes it will have impact, many look unto coinmarketcap to make decisions, they follow coinmarketcap rankings and details wholeheartedly, even new developers get mislead because of the exchange ranking on coinmarketcap, not all devs know fake volumes

Absolutely yes, there will be a hug positive impact which is a welcome development in the world of cryptocurrency. Those who have been known for volume faking should be start with and those shitcoins in the coinmarketcap should be remove and those coins aim at scamming the investors should be dealt with absolutely.

These guys have been doing bad things around the world of cryptocurrency and should be shown the way out. This move by Binance will help the world of cryptocurrency and will bring back the trust.

thisnewcoin

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Convert Crypto at BestChange

Honesty I am dying to see that action asap! I just can't bear the P2PB2B, Vindax and other shit exchanges on high rank and thousands of token in CMC! Binance yet to control the Coinmarketcap, they will go forward slowly and I hope they will remove all those shit token, exchanges from the crypto market for sake to build a better crypto industry!

Wildwest

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If this is done then it is very good for the crypto space in the future, because nowadays many of us find dead coins in Coinmarketcap and if not in the fix it will be increasing, and if this is done then it will be positive impact for other crypto value that has been restrained by an obscure coin, we expect this problem can happen.

cahbagus555

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Quote from: Hellkas on April 04, 2020, 06:21:45 AM

I think that it`s good strategy to reduce scam projects on authoritative sites like CoinMarketCap, because inexperienced users can buy it and lose their money. These actions lead crypto community to be more honest and frank for new members

Agree, by removing projects that are indicated by pump and dump, will create a conducive investment climate for new investors in the cryptocurrency market. Coinmarketcap website is widely used as a reference data before investing and with accurate information, investors will be more confident to invest

awik p

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Quote from: TheClownSong on April 04, 2020, 06:36:14 AM

Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

It is possible that this will be done to clear tokens that do not have transaction volumes to create an actual market cap value. The circulation of many tokens with a large amount of supply makes the market value of the cryptocurrency market cap biased.

right, like natural selection, where if a token has no volume so there is no trade in it, it will be deleted or delisted. and of course they are not profitable for the exchange itself, because there is no sustainable income for the exchange, because there is no trade

TheClownSong

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Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

It is possible that this will be done to clear tokens that do not have transaction volumes to create an actual market cap value. The circulation of many tokens with a large amount of supply makes the market value of the cryptocurrency market cap biased.

bluebit25

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Quote from: irixo10 on April 04, 2020, 04:58:20 AM

Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

I don't like the idea of Binance taking over coinmarketcap because coinmarketcap in the first place is meant to be on its own so that there will be fair treatment towards all projects in this space. In my own opinion, it is the duty of coinmarketcap to set out strict rules which will force out bad projects and those with low volume as well as enforcing exchanges to do the right thing, it will be tough but will be for the good of everyone.

If Binance manages Coinmarketcap, I think we will still be fair, do not worry Binance will abuse it because they are completely transparent. We can be confident and trust them, they have never let us down for years

Hellkas

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I think that it`s good strategy to reduce scam projects on authoritative sites like CoinMarketCap, because inexperienced users can buy it and lose their money. These actions lead crypto community to be more honest and frank for new members

Saisher

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Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

As long as they are not targeting their exchange competitor and only those projects that are erroneously listed in Coinmarketcap, it will be good for the community and the industry, investors and traders needs to see the real picture, they want right projects on the platform and not pump and dumps and scam projects.

bayudndy

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Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

It will certainly have a positive impact on the altcoin market. If scam projects and dead projects are removed from coinmarketcap, investors will focus on the best and top quality altcoins. At that time I believed that the prices of altcoins would quickly be inflated

btc_angela

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Quote from: irixo10 on April 04, 2020, 04:58:20 AM

Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

I don't like the idea of Binance taking over coinmarketcap because coinmarketcap in the first place is meant to be on its own so that there will be fair treatment towards all projects in this space. In my own opinion, it is the duty of coinmarketcap to set out strict rules which will force out bad projects and those with low volume as well as enforcing exchanges to do the right thing, it will be tough but will be for the good of everyone.

I'm not defending Binance, but what the hell you don't like them taking over? Is it because that cmc will be centralised then and could be used by Binance as a tool? if that is the case I would agree with you. But I don't think that that is their goal to begin with. I'm sure that there will be some clean up and maybe an upgrade on UI and more useful information are going to be provided to us. So in the end it's going to be a win-win for crypto enthusiast.

CaVO32

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Quote from: Crypto_lion on April 04, 2020, 04:44:52 AM

I don't think he or the binance team would start to get rid of the projects just because they have low volumes or create fake volumes. Of course they did it with respect to binance exchange but coin market cap is not a exchange it is just like a listing board which lists all the coins that are available to trade .

But I think they will clean up a lil bit. Remove those dead projects and maybe put in the archived. I think as much as possible they will treat all projects fairly, they know that eyes are on them so they won't ruin their image by manipulating numbers. But they will see to it that the numbers are now more or less the reality. I think they will put a technical support that will be very active now in resolving the issues. Those who will be reported as faking their volume or has wash trading will now be investigated. I'm excited to see what new things they will implement in CMC...

irixo10

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Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

I don't like the idea of Binance taking over coinmarketcap because coinmarketcap in the first place is meant to be on its own so that there will be fair treatment towards all projects in this space. In my own opinion, it is the duty of coinmarketcap to set out strict rules which will force out bad projects and those with low volume as well as enforcing exchanges to do the right thing, it will be tough but will be for the good of everyone.

trauchot

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I think that many people want this, but I don’t know will binance together with cmc fight against scam exchanges and scam tokens because it will also bring them less income, but of course I want to believe that at least something good binance with cmc will also do.

Crypto_lion

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I don't think he or the binance team would start to get rid of the projects just because they have low volumes or create fake volumes. Of course they did it with respect to binance exchange but coin market cap is not a exchange it is just like a listing board which lists all the coins that are available to trade .

Jating

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Quote from: DDante on April 04, 2020, 03:03:32 AM

What's going to happen if CZ and binance start getting rid of some projects on Coinmarketcap? Especially those with bad volume and Liquidity and also dead projects, because many are on coinmarketcap, what do you think this will do for crypto space? Will it have any impact or not?

It will bring more good in the crypto-sphere, I guess. Remember that we have complaint that Coinmarketcap is advertising scam project and listing exchanges in the top, when obviously those exchangers are doing some sort of wash trading and fake volumes.

So if CZ and Binance can clean up the list, then no newbie will fall on trading on shitty exchanges that has been displayed in the old Coinmarketcap.

Topic: Will this have any impact or not? - page 3. (Read 597 times)