SuiMikira
Member
Offline
Activity: 364
Merit: 10
|
|
September 01, 2018, 12:31:14 PM |
|
Some exchanges, especially exchange has big trading volume require pay for listing. Implementing one coin into exchange is massive work for dev team so it's easy to understand that. Getting listed on big exchange is important for one coin, it increases the liquidity and the coin flow.
|
|
|
|
takose46
Member
Offline
Activity: 128
Merit: 10
|
|
September 01, 2018, 12:33:42 PM |
|
Like you have to pay to advertise your token or you need KYC before join ICO. To avoid the case of developers selling their coin, scam tokens. Make money too easy if do not have fee to listing. Creat new trash token and it will list on exchange ? NO !
|
|
|
|
Augustyusuf
Jr. Member
Offline
Activity: 546
Merit: 1
|
|
September 01, 2018, 12:35:45 PM |
|
i think its normal if some token want to be listed on any exchanger need to pay the fee, for example you have a bussiness lets say its a minimarket, if you didnt have your own place then you must rent it right, i think its similar with the token fee listing.
|
RideNodeTM (RIDE) is the First American Ride and Transportation Blockchain and Virtual Currency. https://ridenode.io/[/cent
|
|
|
Zeppelins
Copper Member
Full Member
Offline
Activity: 378
Merit: 112
|
|
September 01, 2018, 12:37:59 PM |
|
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?
The exchanges have no other option than to charge a listing fee for themselves. Revenues from commissions are too small
|
|
|
|
zingspeed
Newbie
Offline
Activity: 94
Merit: 0
|
|
September 01, 2018, 12:38:24 PM |
|
Because it is necessary for tokens and coins. If it is listed on the trading floor it will be valuable instead of becoming trash
|
|
|
|
tuthienloc92bk
Member
Offline
Activity: 364
Merit: 34
Fast, Smart, Trustworthy
|
|
September 01, 2018, 01:45:27 PM |
|
Bitforex is a bad exchange. This exchange I use is not smooth, and fake volume. They use the bot to push the volume 24h up, and become one of the top 10 exchanges. Personally I do not like using this exchange and do not like the token listed there.
Hi there. Thank you for your review of BitForex. But this is an example, I do not say that BitForex is the best exchange
|
|
|
|
Jannn
|
|
September 01, 2018, 01:47:52 PM |
|
These exchanges are businesses, its just one of their revenue streams. Think about it, if you had something other people wanted and knew they were willing to pay a lot for it, wouldnt you take that money?
big exchanges like binance, polo and yobit are good resources to have and definitely something you want to provide for your invstors if you are an iCO project. Look what happens when tokens get listed on trash exchanges like hitbtc, the bots take over and pump and dump the hell out of it, leaving the final token price at almost $0!
If your project doesnt have plans to list on a big exchange then you should reconsider them!
|
|
|
|
Leonard2016
|
|
September 01, 2018, 02:11:45 PM |
|
As far as my experiences, usually when a coin or token gets add to some hot exchange like binance or bittrex, the price goes up, and the founders of that coin or token becomes happy, coz usually they got a lot of that coin or token in their pocket!
|
|
|
|
baureksa
Newbie
Offline
Activity: 210
Merit: 0
|
|
September 01, 2018, 02:45:32 PM |
|
Each exchange has its own policies, so each exchange also takes funds also different, this is reasonable and nothing is free. Like real life who want to watch a movie in the cinema and have to pay for the entrance ticket.
|
|
|
|
AdoboCandies
Full Member
Offline
Activity: 680
Merit: 173
Giggity
|
|
September 02, 2018, 04:04:39 PM |
|
I think some exchanges charge tokens for listing fee because it is like a service fee because some exchange plays a huge role in the token the better the exchange the better the token will be in the future like binance i think it is millions for a token to be listed there but there are some exchange that don't need payment only community voting but it is very hard because only one will enter the exchange.
|
|
|
|
Noobaru
Jr. Member
Offline
Activity: 504
Merit: 3
|
|
September 02, 2018, 08:05:48 PM |
|
Hmmm...one thing comes to my mind. Money. Everything in this world is about money. The sooner you realize that, the easier you will get through. It is no different with crypto and exchanges. That is one of the reasons why we need more decentralized exchanges like IDEX.
|
▄▄▄▄▄▄▄▄▄▄▄ ▄ ■ SKYNET.co ■ ▄ ▄▄▄▄▄▄▄▄▄▄▄ ▐▬▬▬▬▬▬▬▬▬ PRIVATE SALE is LIVE ▬▬▬▬▬▬▬▬▬▌
|
|
|
rosezionjohn
|
|
September 02, 2018, 08:11:51 PM |
|
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?
It is not necessary. But there are centralized exchanges out there that are more popular and have better volume than others. So ideally, if you are a developer or head of a certain project, you would also want your coin or token to be listed on exchanges that most traders/investors visit.
|
|
|
|
pobeda
Member
Offline
Activity: 350
Merit: 10
|
|
September 02, 2018, 08:24:43 PM |
|
so the world of centralized exchanges is organized, business is business. They earn so much, unfortunately the income from commissions is not so good, as many people think about it. But if your project is good and popular - it can be paid to the stock exchange free of charge.
|
|
|
|
ehiozuwa
Newbie
Offline
Activity: 112
Merit: 0
|
|
September 02, 2018, 08:26:38 PM |
|
That is one of the undesirable things about a lot of exchanges these days, it is unfair to put so much of the ICOs proceeds just to get your tokens listed.
|
|
|
|
z21770179
|
|
September 02, 2018, 08:33:27 PM |
|
It's really a very strange question, but probably there are so many different jobs for the correct evaluation and trading of tokens in relation to other crypto-currencies, it's very strange indeed why
Very simply, when the market is vibrant, all ICO investors want their tokens to go to big exchanges so they can sell them at bargain prices. It makes the project team have to find ways to have their tokens listed on the exchange, and pay as quickly as possible.
|
|
|
|
justsimpleram
Jr. Member
Offline
Activity: 462
Merit: 1
|
|
September 02, 2018, 08:43:10 PM |
|
For me it's like a business to business transaction they should pay for a sit to a good exchanger. This kind of partnership is great because some of the big exchanger is offering them a good services by making them to pay this kind of service. The project should be ready the exchanger like this so that their tokens will have a good price.
|
|
|
|
maro101
Newbie
Offline
Activity: 336
Merit: 0
|
|
September 02, 2018, 09:10:05 PM |
|
Exchange is an excellent business and it should bring profit to its creators. Projects are willing to pay large sums to get a large volume of trading and after the release of the popular stock exchanges the price of the token increases, it's good for the project.
|
|
|
|
paulscathedral
Jr. Member
Offline
Activity: 1036
Merit: 1
|
|
September 02, 2018, 09:27:53 PM |
|
Adding a token to an exchange for trading is usually a strict requirement from serious investors. After the end of the ICO, the development team is obliged to add its token to the exchange, where investors can sell their tokens or buy them profitably. If on the token sale project raises 10 000 000$, 10 BTC for the listing, in this case, is a very small amount.
|
|
|
|
Samkol26
Member
Offline
Activity: 532
Merit: 10
Bountyhive.io
|
|
September 02, 2018, 09:51:38 PM |
|
I think it's to be sure that they will get their allocated space in the exchange bandwidth
|
|
|
|
anth36jian
Jr. Member
Offline
Activity: 173
Merit: 1
|
|
September 03, 2018, 09:00:56 AM |
|
I can be wrong here but it could be because the way of getting money and of such deal there are so much money. It is just profitable doing and nothing more.
|
|
|
|
|