Why a lot of projects launching exchanges?

[tuanytcc]

Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.

we are just seeing almost of them that are trading in exchanges but not see their application in the real life. Just a few is using as a platform to other apps run on it. In fact, they have real applications, but to apply in the real life, they need lots of time anymore and the number of users who know them

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[thaokhuyen05]

Now selling tokens on the exchange is a wise choice for coin developers. Because of the large amount of capital and the large community, it is possible to create quick liquidity for coin. In addition, it can diversify small investors

[Ritaaa]

I believe that investors have seen one more place to exploit, since ICOs are not proving to be so profitable, the exchange instead generates huge amounts of profit just by offering that service and the more currencies the host, have good volume, the higher your profit will be in the form of fees, some exchange also launches its own currency that almost doubles its reward and utility.

[Ayobami99]

Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges, i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.

Yea, i think i noticed it too,  are there not enough exchanges already,  but the fact is,  each of these projects are unique and different from others in  a way

[Viscera]

Hello guys, have been participating in a lot of projects bounty and airdrops lately, i don't know if am the only one seeing it, most projects keeps launching exchanges,

I also noticed it, after Binance and Kucoin successfully made it's way to the top, others followed their strategy.

i was hoping and thinking crypto and it projects was suppose to grow and carry the whole society along to grow and let economy improve in some part of the world.but instead they all diversify into exchange.

Maybe this is really their way of thinking that if they launch an exchange, they will reach the same success like what others did.

But the market for exchanges now are too crowded, too many centralized and decentralized exchanges existing.

That's how the market moves. Anyways there will be a million ICO on its way so we could finalize that after the successful ICO they voting for listing in an exchange. Either way around their are possiblity that coins could failed due to some regulations, community funding?!

[Sean25pogi]

I think the reason why a lot of project launching exchanges because of the higher of the demand that still increasing or let say this is the daily needs of the transactions of the business.

[enawati]

I think this is because they have seen Binance exchange that successfully received profit multi billion dolar in 1 years. On the Binance exchange there are a thousand transaction per second and they get alot money from transaction fee, so others project also want to make the same profit.