I wanted to create my own cryptocurrency. Fine, just download the software, install it on the server and you are done. But to get it listed, I have to pay Cryptopia 40,000 USD !!!! What the hell ? Is this service really worth so much money? So, I thought about this:
What if we create a cryptocurrency exchange , which would be as big as Forex market , where listing and exchanging your currency there would be free, or if not free, very cheap, same as cheap as registering domain name. After all, it is not a big deal to create a currency exchange, or is it ?? If blockchain technology is going to help us to remove intermediaries out of the way this is a perfect case for it. And it is not going to be owned by anyone , it will be a community project, so no player with big power would monopolize cryptocurrency exchange.
Is there any initiative about such thing already going on ? Maybe such project is already in development and I am late to the party, as always? Or maybe this is an impossible thing to do? I am new to this and I would appreciate your comments.
p.s.
References:
Lol yes.
I just bought the 1M and now I see 5M!!??
What is this?
close to 10 BTC for listing a coin? 40.000$?
It must be a joke or a mistake....
The price is determined by our capacity to list a coin. If too many listings come in and we can't keep up, the price goes up and we do our best to catch up on the backlog. If the backlog clears, we lower the price.
If you want to get your coin listed now while we're under load, then you can pay the current price. Or you can try and wait until the price goes back down.
