Bitcoin Forum

While I was scanning through the bounty board section to find a good ICO/IEO to participate and earn a few bucks, I noticed most of these projects are creating/building cryptocurrency exchange. That means it will be a trading platform. All of them promising to be the best exchange ever. All of them showing that none of the present exchange has features like them, what they will bring once successfully raise funds.

Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?

thats mean a competitions will come to all exchange platform, not only for a new platform, but for the old too
and the looser will gone, but the winner will stay active, even have a lot of traders inside the platform
in my opinion a lot of exchange born in this industry because the rise of IEO buddy

Your concern is valid. The crypto exchange field is nearly saturated and there's many exchanges with negligible volume as 90% of volume goes through the top 10 exchanges.
All of these simple crypto exchange and their tokens won't make any difference unless they come's up with backing from large enterprise or local governments.

This new IEO has become more popular now to the bounty hunters because of a truly remarkable platform and promise to the people, However, I really think just like ICO, it will eventually fill out the number of Crypto in the market and fill out the number of exchange available and more competition for them But the thing is if the market is congested with so much exchange it is not gonna be healthy for the company itself because they will focus more on competitors and instead in their platform or company, So instead of a strong exchange, in my opinion, it will become a weak one, And will not last long in the market like ICO did.

Couple of months ago, when IEO was popping up, I have onced said that new exchange will pop up with launching IEO and that's what is happening now. Most of this IEO eill be scam at the end.
Reputable exchange only allow limited participant for which not everyone can invest. This is another reason for which more exchange can bring IEO.

This space needs all the innovation it can get, any project out there that thinks it can do better let it come on board and challenge the existing ones. I think the problem is, instead of most to focus on building their platform to be the best, they will end up comparing with the existing ones thus lossing out. No one knew about Binance until it came up and took everyone by surprise through accommodating all users without unnecessary restrictions like seen in other exchanges then.

New exchanges asking for funds thru ICOs/IEOs has been going on for a while now. It's only natural for them to market their "unique" features but it is up to the readers to verify if all those mentioned are true.

Never be too confident or complacent with these established exchanges. Anything can happen and any of these new exchanges can rise to the top.

You are right! People think that having an own crypto exchange means free money. But it is not easy as they think, so many good competitors are already in the market. So do not expect that all exchanges survive.  :)

Every now and then many projects keeps coming up while promising one thing or the other, but the question is; how many succeded? Most will say they will beat this exchange or that platform but yet won't succed in offering anything. Nevertheless, any project that think it has the potential to challenge current exchanges let it come on board and disrupt status quo.

Beause currently it seems that only exchange and gambling dapps need tokens. Other tokens have fictional use case in most cases.

A huge number of exchanges are also fictional. This is a blind to raise funds from unsuspecting investors. You do not think that the market needs a huge number of exchanges? Although the assets is less than the number of these exchanges ;D.

Yea, i noticed it too. Trading platforms here and there. Some are even a combination of Exchange making it possible for you to log in to your Exchange accounts in their platform. This for me is really crazy. A downside to this might be security - hacks may be fatal. I'm sure they would have thought this out. It's a new wave of exchanges and we're going to see a couple of them this year.

I also noticed that most projects are exchange and I think their aim and objective is to launch their token sale on their incomplete exchange so that they can scam a lot of investors that find it difficult to make proper findings before investing.

This condition benefits traders. Improvement of service quality will be faster and more significant. It seems that most of developers see big opportunity to earn income from trading activity, cryptocurrency users more often to use cryptocurrency for trading in exchange site rather than to buy goods.

That's true, have see quite a number of them, all promising one thing or the other. To be frank I don't know why a team will propose something and then failing to offer even half what was proposed; this is the reason why top trading platforms will keep ruling as upcoming trading platforms are yet to challenge them. Nevertheless, if these upcoming trading platforms can work hard and bring in innovative features they will stand a chance.

Most of them seeing the opportunity of having IEO hold by them and take the huge chunk of money. The profit from the usual trading fee is quite big indeed, but most of the new trading platform that I see right now seems to be in hurry to have an IEO. It is just about fast money in the end after all.

The IEO will always be on a new exchange, there will be competition between exchanges 1 with others, transaction speed, and low costs will be the choice of many users.
The new crypto exchange platform always appears and we will see a large trading volume of some of the coins listed on the new exchange will have a good price in the future

They always promise that, some succeed but most of them are not, maybe this is the profitable project right now as we continue to increase the demand coming from investors and they really want to catch the new comers in the market. I wonder how an crypto exchange made an IEO to its future rival, well they have to be friendly for them to succeed as well.

Exchanges are currently competing to provide the best service to their customers. and the current quality of the IEO is concentrating on getting more users and volume trading.exchanges will take many benefit they could  launched successfull IEO.

And most are now shams. I once came across a cryptocurrency trading platform called Axnet which couldn't do a proper website with good user interface and trading algorithm yet this project conducted initial exchange offering and made sales. This exchange I speak of never even traded since its launch

That's true I've participated on some of them but unfortunately, many of these exchanges that do ICO did not live up to expectations, some failed to become an established exchange, some just launch their ICO to scam people like what's happenings on IRONX to many wats to get in the games but cannot keep up.

It's understandable it's a multi-million dollar venture, every project wants to get a crack of it, but the competition is so stiff and it's a dog eat dog business, so many shills and fuds for each exchange no wonder only a few succeed on this venture, right now it's not attractive anymore as there are so many failed ICO based exchange

it is a necessity and the availability of various exchanges will trigger competition which aims to eliminate domination or the main player of an exchange. because the crypto market will not be enough and good, if it only has one or two exchanges.

I know a lot of projects calling exchange construction capital died after calling for capital to succeed. Most of them have no way to attract users, and large exchange nowadays are invested from big funds and venture funds.

Yes, IEO are more in demand right now rather ICO because many have suffered from ICO scam projects during 2018 and it was drastic effects to investors that they won't to be scammed again in that kind of fund raising tactics of ICOs. As IEO bloomed this year many exchange platforms are taking significance of new projects wanted to conduct IEO sale on such exchanges and with that this could bring back good faith and trust from investors and mostly importantly to get rid of scam projects.

There is a ranking site for bounty, I know that. I only searched by hand in the Bounties section of the forum. After finding new bounties, I researched their projects more thoroughly then if I feel good I will participate.

Look at Nash Exchange (NEX), one of the most hyped ICO last year and look at the trading volume: around 70 000USD per day.
So it is not easy to create successful crypto exchange.

That is probably what they think is profitable. I think it is a good thing if they are focused on decentralized exchanges. Maybe If we have more competition in that area we could end up having good DEXes.
Hopefully they are not developing too many centralized exchanges otherwise that area will become saturated pretty soon especially if nothing unique is being built.    We already have good centralized exchanges, too many more will get this area saturate

Indeed, now many developer teams are developing new exchangers. The cryptocurrency business is now growing rapidly and the market is getting wider, with more exchangers, it will provide opportunities for new projects for listings in the market.

for now the crypto market does not need a new exchange platform. we can know because there are still many exchanges that have volumes far from the standard. the more exchanges that are released will make the trading volume divided into smaller ones. binance, huobi, bittrex and other exchanges can be relied on by traders, so we don't need another exchange.

but we still need a good decentralization exchange. because currently there is no DEX that can give us the same advantages as CEX.

of course it is very much needed because both their hobbies, binaries and bitmex are very helpful in the process of raising funds to run a project. of course we know how important funds are in a project. for example, their hobbies help to obtain funds by displaying all the conditions and the process of developing the price of a crypto, so we hope that there will be investors who are interested in the development of crypto.

Im not sure about they are going to scam us but they are seeing a big opportunity if the can make their exchange sites become famous among the crypto traders but sadly the competition is very strict and the majority of the new exchange sites can compete with the old coins.
To be listed on the top exchange needs a lot of requirements.

There are several things that come to my mind:

1. There are a lot of improvements that can be done to the existing exchange platforms.
2. They just want a piece of the pie, which is certainly huge enough for all of them.
3. They have a certain market target that might not have been taken into consideration by the major exchange platforms right now.
4. Exchange sites might appear to be the easiest way for them to create a project.

I will never trust them, projects that sell IEOs are exchanged for new or with their own exchanges. manipulation is very possible, and it is a big risk to invest in such a project.

Decentralized exchangers should be good but what happens is that transaction volumes are not too large compared to centralized exchangers. The number of new projects that are new exchanger I think is good for attracting new investors. New exchangers must offer something new and good compared to the old exchanger

This new IEO has become more popular now to the bounty hunters because of a truly remarkable platform and promise to the people, However, I really think just like ICO, it will eventually fill out the number of Crypto in the market and fill out the number of exchange available and more competition for them But the thing is if the market is congested with so much exchange it is not gonna be healthy for the company itself because they will focus more on competitors and instead in their platform or company, So instead of a strong exchange, in my opinion, it will become a weak one, And will not last long in the market like ICO did.

Not with binance. I think your opinion is wrong. The binary IEO has many advantages and everyone competes to participate there. maybe you are not interested because you didn't try it and this must be said so that everyone doesn't stop to participate with the IEO.

there is always a new exchange for being the best exchange competitor like Binance, if the IEO chooses a new exchange to sell their tokens, then there will be many investors who trade there, competition will always be there because if the developers want to register their coins, they need to pay several ethereum or BTC for listings.
If it is too expensive, there will be new exchanges that provide lower fees for listing tokens or new coins in the new exchange

After the birth of IEO'S, the decentralised projects become more popular and more trustable only the reason of IEO's. Not all the ICO/IEO projects are new crypto trading platforms. Every project has its own unique idea to present in front of the world. https://tokensale.moozicore.com/

When you see projects like such, I think is best you just dust your slippers and fly away from them because they will end up failing. You look at it from your own end, how many trades and volumes do we have right now that really requires everyone opening exchanges, if most projects are opening exchanges, then who would trade on it. Will the users of Binance, bittrex and all these top exchanges you mentioned ever move their coin from a trusted one to an exchange they do not trust.

They say that the devil you know is better than the angel you don’t know, these people use the tactics of promising to give a better feature to lure people into their exchange, and then when you get there, what you find is rubbish or repetition of what the older exchanges has already incorporated into their platform.

Invest in newborn projects is risky. For example, we can not fully and correctly assess potential of a new-born exchange, certainly. We can spend our time to read their whitepapers, join their exchanges to get experience, with thrown-away emails, then assess their quality and potential but at beginnings, we have limited data sources to assess them. You are right that within last three months, there are so many new born exchanges, that create another new trend in crypto, but generally be careful with them.

I did notice that myself that most of the startups are exchanges, in which they are trying to compete with the low and average-type exchanges that are existing in the market. I honestly agree that these exchanges are saturated, in which almost all of them are having the same function and features (with a little bit unique features).

And on top of that, these exchanges are having their own tokens. The purpose is for them to use it a trading pair to other coins or tokens, and may give it away as an airdrop or in trading competitions. However, there are other exchanges in which they're not yet tradable in their platform until now.

I wouldn't mention that exchange though, it's been a year and no movement from their part in activating that token of theirs for trading. I just don't know why they are doing it because they think they can compete with the big guys out there, and convincing them to trade in their respective platforms instead. It's just that most of them failed and didn't attract a lot of people to trade with them due to their "almost the same" features like what the big guys do.

Of cource they can, but new players can bring to the customers new level of service and low fees for example, i talk about the healthy competition, that only improves cryptocurrency market. By the way Binance is only 2 years old, so why new players cant became a new Binance?

I found one IEO her name is moozicore (https://tokensale.moozicore.com/) which is listed in some trusted IEO Exchanges. Like Coinbene, LAtoken, Sistemkoin, ExMakets, W12.io.

you can go and check about moozicore. (https://tokensale.moozicore.com/)

In 2017 during the ICO binance, I could not understand why we need a new exchange, because there were Bittrex Polo Kraken and etc., but the Binance came and took part of the market itself.

The painful part is that those exchanges are substandard to current existing exchanges. i think they just want to feel among without anything to offer. The existing exchanges should be improved on we don't need thousands of shit exchanges.

One of the Best IEO Moozicore is Growing Rapidly.
Moozicore is revolutionary Background Music Service for Businesses where music is essential
for customers. Their service transforms background music into an interactive customer-sourced
playlists. Unlike Spotify, Tidal or any other non-commercial services, Moozicore will be fully
licensed and legal for businesses of all kinds.
Their solution gives business owners control over the playlists and a better experience for its
customers, with the opportunity to let them engage with the music right from their smartphones
With Moozicore platform business owners get access to Moozicore Web Panel that allows
to create their own vibe from a licensed library of over 20 million tracks. Also can customize
their music library by choosing from our genre-specific catalogs, pre-built playlists, create their
own using special tools or import their favorite playlists from Spotify or Apple Music.
https://tokensale.moozicore.com/ (https://tokensale.moozicore.com/)

So many of them since the 2018, they already know that IEO will be the next to ICO so they are creating more exchanges today and its not going to be surprising to see them one day, they scam through doing IEO for some projects. It only needs teams doing IEO on them. Some these exchanges are now trying to advertise itself as reputable ones doing IEO, you can see them on facebook and linkedin posts.

In my opinion, it's great if a new ICO or IEO project uses a new trading platform. This indicates that the new ICO / IEO projects are new crypto trading platforms with competition from crypto itself in advancing them. thus all users of crypto currencies are balanced in creating concepts and competing in a healthy manner.

Nowadays, it is difficult to build up a succesful projects in crypto from scratch. Therefore, teams tend to create more exchange projects to find their opportunities. However, not all teams can build up good exchanges, even they don't have intentionn to scam their investors/ customers. So, if someone don't have enough experience to verify good/ bad exchanges, they should use well-known, old exchanges, that have good histories, without scam accusations or flags (nowadays).

Because the current trend are exchange tokens. As far as I know, those were the most successful altcoins on the market, especially tokens from Binance, Huobi, Bitmax and Kucoin. Fresh projects are just following the trend, but any trend comes to an end sooner or later.

IEO sales at Coinbene and Latoken are still ongoing, while the IEO in Exmarkets and Sistemkoin has been sold and it's only round 1, but it looks like there will be a next round.

Last year, so many ICO are exchange and trading platform based, not of them are successful in creating a buzz, there are Adab, IronX Becent Xera and still many others still holding their ICO, it seems not even a successful ICO can become a successful exchange, we'll have to see the others they are looking for the right time to launch their platform.

I believe that such platforms are needed both by the crypto market and its community. The fact is that top exchanges often have conditions that limit or even rule out the possibility of both cryptocurrency trading and adding new crypto assets for trading. New trading platforms have loyal conditions and allow you to join them more easily and easier. Also, thanks to new trading platforms, a competitive factor appears, which is good, as it forces the platforms to develop and become better.

Yes correct very well said the new crypto ico token are a trading exchange and most have very very less volume I don't know how they get volume

I think, the new trading platform is very much needed now. and certainly this new platform has features that are far better in any way. so there is no more loss of crypto assets on certain platforms.

indeed we see a lot of trading platform platforms. they only develop applications and their real products are a collaboration with other companies.
maybe that's what has become very much the growth of new exchanges. they come with their own coins and try to beat the existing ones with lots of events and discounts.

Well. The trading platforms that develop good products or IEO/ICO . Most projects always needs a good trading platform to launch their project which gives their customers a good reputation.

I dont see the essence of all these new exchanges. But let's allow them all to come on bord and prove their worth. In the end, it will be survival of the fittest. The weak once will surely die

In my own opinion I think any developers that think they can do better or offer more than what we currently have let them come up. The blockchain space doesn't limit any one rather the users will uphold any platform that is Innovative in nature thus the reason why Binance etc keeps growing; so if a new exchange will spring up and offer something more than the current exchanges it will gain the neccessry attention.

It is true more and more exchange are being created but the question is why should we choose them?
What could they provide us other than what is already being given to us by the old and trusted exchanges?
Those new exchange should at least make something new in order to attract us to use their platform .

The market is growing and it's a million-dollar business and who wants to get a slice of that business, we could never have enough of new exchange because of only a few names are really reputable and with stable business, every new exchange tries to offer something new to investors and traders.

It's not that the already existing exchanges can't satisfy users, it is just all these people who creates a new exchanges saw a big opportunity of making easy money by just creating an exchanges and starting IEO.
I'm pretty sure that most of the new exchanges offers their quirk but most of them just a gimmick. The already existing exchanges are already fine and don't need useless features but creating new one is not a problem anyway.

It's the same as the electronic market in real life. Although there are already the best-recognized products, new products still appear with various innovations to meet the needs of human life. Likewise with the existence of new exchanges that have emerged a lot now. This does not mean that the existing global market is not satisfactory, but there are other economic factors that developers want to achieve by utilizing the development of cryptocurrency.

They are saying they are the best to gain some trust and reputations from investors. New exchanges need good reputation and should promote their platform in a flowery words like they have special platform that doesnt have the other exchanges. However, we can identify their potential when we test it. Binance and other old exchanges have been there before.