listoncrypto
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September 03, 2018, 08:24:06 PM |
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Well getting enlisted in a exchange is like a recognition for the coins and they need to pay the exchange to get this. FOr this reason many shutcoins are found to be enlisted in good exchanges just by the power of money. I think they should also look into the standard of the coin before getting it listed.
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Sicithdeve
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September 03, 2018, 08:24:58 PM |
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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?
ueah exchanges are all of that kind but i believe in the way this system is organised and i think this is for good only
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█≣≣≣ SECURIX ≣≣≣█ ▐▃ NEXT GENERATION OF CRYPTO MINING ▃▌ http://www.securix.io/
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Sicithdeve
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September 03, 2018, 08:25:53 PM |
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Well getting enlisted in a exchange is like a recognition for the coins and they need to pay the exchange to get this. FOr this reason many shutcoins are found to be enlisted in good exchanges just by the power of money. I think they should also look into the standard of the coin before getting it listed.
that is true but only they and we as well shoyld be very attentive and look at suspisious things and do not let scammers fool us
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█≣≣≣ SECURIX ≣≣≣█ ▐▃ NEXT GENERATION OF CRYPTO MINING ▃▌ http://www.securix.io/
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dataispower
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September 03, 2018, 08:30:11 PM |
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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?
For a bad project, they need to pay a huge fee to be listed in the shit exchange . Most projects now have to pay around 5-10 BTC to be listed on exchanges like idex or hitbtc. To be listed on major exchanges like binance, Kucoin, Bittrex, the project must first be good and have a large community. They require coin quality before offering rates for listing because they can not lose their reputation when they list scam coins.
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cryptoking252
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September 03, 2018, 08:33:19 PM |
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Most of the exchanges are want to gain money and these exchanges are located in the expansive areas. So they also need to money for maintain these exchanges.
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Jianx
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September 03, 2018, 08:36:32 PM |
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I think the more projects with the concept of the exchanger, the more muddy new coins will enter the trading with payments that will be cheaper because of the competition factor.
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sheenshane
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September 03, 2018, 08:37:29 PM |
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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?
Yes, it is because when token get listed on the big exchange like Binance, Poloniex and Kucoin etc. the demand and supply of token make them get a high value of users in trading that makes the project expensive in the market exchange. That's the business way of exchange, just like you are renting a space in the public market just to sell your product and you need more people for the possibility of higher returns income from your product.
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TheBitcoinBadger10
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September 03, 2018, 08:41:24 PM |
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Based on this perspective I think fake ICO’s are trying to getting enlisted based on this situation they want to make money and so they are charging in various purpose based on this do not associate with such types of things.
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worldofcoins
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September 03, 2018, 08:43:10 PM |
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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?
Yes, it is because when token get listed on the big exchange like Binance, Poloniex and Kucoin etc. the demand and supply of token make them get a high value of users in trading that makes the project expensive in the market exchange. That's the business way of exchange, just like you are renting a space in the public market just to sell your product and you need more people for the possibility of higher returns income from your product. That's absolutely right. Like you pointed out already, there is a great incentive to force your token on exchanges because the value of that token will can be inflated several times
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*meoww*
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satgoldan
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September 03, 2018, 08:46:40 PM |
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It strongly depends on an exchange. Small stock exchanges with a small day volume take from 0.1 to 2 bitcoins for listing (I know the developer of one who takes 3 bitcoins for listing). The largest exchanges can take up to a million dollars. IMHO, the future behind decentralized exchanges, where users themselves decide the fate of the coin.
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BlueBruiser
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September 04, 2018, 11:56:34 AM |
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Well it could be the case that the fake ICO are trying to get them enlisted to make money out of the bogus project that they are trying to sell. So, they need to make money and in order to make money they charge in the entire list-coin-fee for this reason. It will be better to not to get associated with it since they might be dangerous.
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CrownKit
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September 04, 2018, 12:24:05 PM |
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There are other exchanges who do no charge any large amounts of fees to be enlisted in it. But the main reason that they do it because they want to make more money, their staff needs to be paid and for the sole purpose of the goodwill that is associated with the exchanges.
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meldrio1
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September 04, 2018, 12:44:36 PM |
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of course they want to make money especially those popular exchanges, but I don't think that they charges million of dollars just to get listed in exchanges, what kind of exchange is that? better to list in shity exchange just for free to get list lol.
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CuteSeal
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September 04, 2018, 12:51:56 PM |
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This is actually not required but w do not live in a world were things run by ethics. The exchanges do that because they need money for their staff and all. But then there are other exchanges too who do not charge huge amounts of fees either.
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zero714309
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September 04, 2018, 01:00:54 PM |
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Because when the coin is already listing in the exchanger the dev also will get profit from up and down the coins,the more traders buy sell the more profit also the dev so that when the volume of trading is high the dev also gain profit. When they successfully listing on big market the more trader will buy such coins,so from the exchanger gives expensive rate to fit in exchanger. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Krezi777
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September 04, 2018, 01:08:14 PM |
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Most of the good companies that create projects pay a lot just to enter the stock exchange. Payment is so big just because the exchanges do not want to lose their reputation. Why should they take shitty projects into development.
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MarbleAlligator
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September 04, 2018, 01:21:24 PM |
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The exchanges need to make money in order to operate properly, hence, they collect the amount from the token or coin owner or CEO. Moreover, it removes the doubt that the coin is not a scam, since scam coin's owners would never spend so much behind listing their coins on the exchanges. But, sadly, the plan is not foolproof and scammers are taking the advantage of it.
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DarkBullet
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September 04, 2018, 01:26:52 PM |
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That is to support that altcoin to its traders upon listing to the exchange market. We all know that most of the time, an altcoin gets dump upon listing on the market but might pump depending on the budget given to that trading platform or the team of the project manipulating the altcoin price itself. The trading platform need that token pay to protect their business against massive dump by the traders.
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emmaong12
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September 04, 2018, 01:32:44 PM |
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Yes normally. What do you mean why? So the exchanges can make more money obviously. If an exchange thinks the volume will be really high they'd probably list it for free.
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kier010
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September 04, 2018, 01:34:46 PM |
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when an exchanges sites list any coins without having to pay it will be crowded with shitcoins. well this is also business they want to earn too. maybe for themselves or the development of the site.
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