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Author Topic: Shit Exchanges, an end to good projects.  (Read 5362 times)
dnprock
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October 27, 2019, 05:11:14 AM
 #261

I'm the developer of Bitflate and its community. We're currently on Unnamed Exchange. I think exchange doesn't matter much. If we're on a bad exchange, we can always switch and find a different one. I opt out of paying lots of fee for exchange listing. Your community matters. If your community leaders want to dump, you're screwed. More expensive exchange means it'll cost you more.

Exchange is a tool. It doesn't control your project. What matters is your passion in the project and building good relationship with your community.

Join Bitflate community. https://discord.gg/utnEyp8  Smiley
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October 27, 2019, 05:15:12 AM
 #262

It won't be right to blame the ICOs and the IEOs for that. The projects may be operating on a shoe-string budget and they may be unable to afford the huge listing fees. Please remember that the exchange listing fee has gone up astronomically over the past two years. The largest exchanges (such as Huobi and Binance) change millions of USD for a single listing (and that too after very stringent screening). Even mid level exchanges such as Coindeal are charging somewhere around $100,000 now.
Usually if your project performs really well that it attracts so much attention there'll always be an exchange willingly to take the project into their website. although it may not comes from a popular exchanges. It's somewhat crazy to think that a lsting cost so much fortune it's basically like the project gathering money and big portion of it goes to exchange for the sole reason of listing and that's the only way because if they don't they will take the blame from the investors.

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October 27, 2019, 06:23:46 AM
 #263

It won't be right to blame the ICOs and the IEOs for that. The projects may be operating on a shoe-string budget and they may be unable to afford the huge listing fees. Please remember that the exchange listing fee has gone up astronomically over the past two years. The largest exchanges (such as Huobi and Binance) change millions of USD for a single listing (and that too after very stringent screening). Even mid level exchanges such as Coindeal are charging somewhere around $100,000 now.

The idea of ICO's and IEO's are really good it is just it was misused and was take for granted by those who are scammers, there were legit projects too who failed to raised money with their preferred and run away, they turned out scam too. So, it was because of the people who has a bad intention in doing it.

all they think about is making money in a short time, not infrequently when ico triumphs, many do ico with the aim of raising funds, after that they run away and make new projects again, until finally ico died abandoned by investors. but for projects that are done correctly, they can survive until now, even in a bad situation, because investor confidence is maintained in the project


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October 27, 2019, 12:44:04 PM
 #264

Listing project in top exchanges is very difficult, and may very costly, so i think it will be very difficult for new project to go with top exchanges.
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October 27, 2019, 12:48:53 PM
 #265

If the project has their success in their public sale and they are confident enough that they can compete in the community and has a good future then they should list in good exchange and prevent being in a shit platform. But still, there are many of them choosing to die with those exchanges!


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October 27, 2019, 01:12:39 PM
 #266

If the project has their success in their public sale and they are confident enough that they can compete in the community and has a good future then they should list in good exchange and prevent being in a shit platform. But still, there are many of them choosing to die with those exchanges!

projects that get big results sometimes if they make a mistake when registering their tokens on an unknown exchange can make the price of tokens destroyed on the market. but if registering a new token on a exchange that has a good volume takes time, sometimes they can't do it quickly and force a list on the exchange that doesn't have good volume

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October 27, 2019, 05:41:19 PM
 #267

You should understand that very often such exchanges are the main investors of projects. But there is still the price question. Listing on a good stock exchange is very expensive and very often the project fails to raise such a large amount. Therefore, the organizers of the project want to quickly get listed on absolutely any exchange in order for investors not to abandon the project and continue to invest in it. But very often it turns out that they are wrong. Business is a risk-accept it.
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October 28, 2019, 03:31:52 AM
 #268

It won't be right to blame the ICOs and the IEOs for that. The projects may be operating on a shoe-string budget and they may be unable to afford the huge listing fees. Please remember that the exchange listing fee has gone up astronomically over the past two years. The largest exchanges (such as Huobi and Binance) change millions of USD for a single listing (and that too after very stringent screening). Even mid level exchanges such as Coindeal are charging somewhere around $100,000 now.

The idea of ICO's and IEO's are really good it is just it was misused and was take for granted by those who are scammers, there were legit projects too who failed to raised money with their preferred and run away, they turned out scam too. So, it was because of the people who has a bad intention in doing it.

The success and failure of a project is determined by numerous factors which come to play together or act singly. One of them is the poor performance from the team. Scammers or inexperienced team presents poor performance and this eventually leads the project to its failure. Also, bad exchanges with low volumes can lead to the collapse of the project because a coin needs to be traded in order to survive on the market.

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October 28, 2019, 03:42:29 AM
 #269

If the project has their success in their public sale and they are confident enough that they can compete in the community and has a good future then they should list in good exchange and prevent being in a shit platform. But still, there are many of them choosing to die with those exchanges!
I think this depends a lot on the investor because if the project has a clear development strategy but doesn't attract new entrants, the project will soon be forgotten. This market has had a lot of big changes this year and investors tend to invest in new projects more bbecause those are projects that bring them good profits. Maybe risky but if you know the right project, you will easily make money without having to worry much.

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November 03, 2019, 09:54:32 PM
 #270

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Maybe we often see new projects after completing ICO and IEO, they register for exchanges that are classified as low, or do not have users. Yes, I think it's true what you said, after all this time running the project, then their ending made it to an exchange with no users. This will make the token die in the exchange. But signing up for an exchange like Binance is also very difficult. Because of exchanges like Binance many coins are listed, so it takes a long time to do it.
Getting to an exchange that are classified as low was decided by the developers itself, if the project is really aiming to have a good reputation, they will start by listing their coin in a good exchange. Most of the project these days are listing their coin in not so popular exchange because the fees for entering the exchange are low compared to other popular exchanges.
Maybe for those who register their tokens or coins on a low exchange due to initial cooperation. Every new project, of course they are looking for partners. If the partners are from an unpopular exchange, do they have to leave the base partner. Because not all popular exchanges are willing to support or cooperate with new projects.
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November 03, 2019, 10:00:09 PM
 #271

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Maybe we often see new projects after completing ICO and IEO, they register for exchanges that are classified as low, or do not have users. Yes, I think it's true what you said, after all this time running the project, then their ending made it to an exchange with no users. This will make the token die in the exchange. But signing up for an exchange like Binance is also very difficult. Because of exchanges like Binance many coins are listed, so it takes a long time to do it.
Getting to an exchange that are classified as low was decided by the developers itself, if the project is really aiming to have a good reputation, they will start by listing their coin in a good exchange. Most of the project these days are listing their coin in not so popular exchange because the fees for entering the exchange are low compared to other popular exchanges.
Maybe for those who register their tokens or coins on a low exchange due to initial cooperation. Every new project, of course they are looking for partners. If the partners are from an unpopular exchange, do they have to leave the base partner. Because not all popular exchanges are willing to support or cooperate with new projects.

Listing in a reputable exchange will get a huge chunk of the financial funds of the project. So if the project has very lil amount of money, they can't afford to be listed in a good exchange, that's when they resort to substandard exchanges, which is not favourable in the long term.But if the team is serious, they can always opt to bring their coin to a better one later on. If in case, their project will not be a success in delivering their mission, then, more than likely they will slowly die in that substandard exchange.
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November 03, 2019, 10:18:57 PM
 #272

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Maybe we often see new projects after completing ICO and IEO, they register for exchanges that are classified as low, or do not have users. Yes, I think it's true what you said, after all this time running the project, then their ending made it to an exchange with no users. This will make the token die in the exchange. But signing up for an exchange like Binance is also very difficult. Because of exchanges like Binance many coins are listed, so it takes a long time to do it.
Getting to an exchange that are classified as low was decided by the developers itself, if the project is really aiming to have a good reputation, they will start by listing their coin in a good exchange. Most of the project these days are listing their coin in not so popular exchange because the fees for entering the exchange are low compared to other popular exchanges.
Maybe for those who register their tokens or coins on a low exchange due to initial cooperation. Every new project, of course they are looking for partners. If the partners are from an unpopular exchange, do they have to leave the base partner. Because not all popular exchanges are willing to support or cooperate with new projects.

Listing in a reputable exchange will get a huge chunk of the financial funds of the project. So if the project has very lil amount of money, they can't afford to be listed in a good exchange, that's when they resort to substandard exchanges, which is not favourable in the long term.But if the team is serious, they can always opt to bring their coin to a better one later on. If in case, their project will not be a success in delivering their mission, then, more than likely they will slowly die in that substandard exchange.

Many projects listed in popular exchanges also die. Dead or no, not based on where they listed the coins, but the seriousness of the team in running the project. In this case the team's target must be clear in carrying out the project. Not just register to exchange, then they leave.
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November 03, 2019, 10:29:00 PM
 #273

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.
Market conditions could change the plans even roadmap. Some token listed shit exchange for rest of the marketcap reach, where some listed for lack of funds. Thorecoin listed in low exchange but condition is good. Guessing Buzzshow has interest to build website then will listed exchange.
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November 03, 2019, 10:36:43 PM
 #274


Many projects listed in popular exchanges also die. Dead or no, not based on where they listed the coins, but the seriousness of the team in running the project. In this case the team's target must be clear in carrying out the project. Not just register to exchange, then they leave.
Popular and dead doesn't seem right in one sentence though, however I do agree that some of succesful project that could gather massive funding could endup dying slowly even after listed in the popular exchange, no need to mention but there are plenty. Most of them that have that fate will just losing volume day by day due to the inability of developers to advertise or atleast holding its popularity for long. They are too stingy to advertise and once they did advertise it's such a mess and innefective one or maybe people find out that the project is useless.

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IvugeoEvolutionCoin
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November 03, 2019, 10:38:22 PM
 #275

It won't be right to blame the ICOs and the IEOs for that. The projects may be operating on a shoe-string budget and they may be unable to afford the huge listing fees. Please remember that the exchange listing fee has gone up astronomically over the past two years. The largest exchanges (such as Huobi and Binance) change millions of USD for a single listing (and that too after very stringent screening). Even mid level exchanges such as Coindeal are charging somewhere around $100,000 now.
So true, sometimes projects do not raise huge sums to enable them list on top exchanges with very high liquidity. I don't blame it on projects which didn't raise much entirely, the centralized exchanges demanding extremely high listing fees should be blamed. If most crypto enthusiasts can patronize decentralized exchanges (even though almost all still lack required features), daily trading volume for some DEX will compete with centralized exchanges and it will be favorable for good projects which didn't raise huge sums during token sale.

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sayaya17
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November 03, 2019, 10:49:17 PM
 #276

Developers in a hurry to listing their tokens to shit exchange may be solely to attract investors so that project status  is already listed on the exchange, so that many investors are interested in investing their money in that project. Also besides that it is possible to attract many bounty hunters for join and promote their projects, so their projects develop and quickly become widely known by various people groups.
 

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stephanirain
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November 04, 2019, 12:53:33 AM
 #277

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Being listed on an exchange, gives some sense of security for the investors. It also depends on the nature of the coin, and it is most likely that the project aims for daily trading transactions so, it will be good to see them on the exchange. Of course the downside of this will be the cost but they have to pay the price or else some people will not recognize them. It is kind of sad to think that cryptocurrency is created to remove third party on transactions yet, we depend on platforms like exhanges in this business.

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Pinkris128
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November 04, 2019, 12:57:29 AM
 #278

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

I will not blame it entirely to the exchange, it's the dev team's decision after all. They knew it from te beginning that being listed is expensive and does not guarantee the success of the project. It's a trend to be on the list, a standard for many investors and traders. If they did not get listed the crypto, people might have second thoughts on investing or using the crypto.
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November 04, 2019, 01:16:20 AM
 #279

It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.
After announce for ICO coin listed with shit exchange become the end of crypto and ICO investment way, look not serious want to adopt and make their coin become competitor in coinmarket cap listed with shit exchange, few investor become member in shit coin because not have chance with buy or sell order there. When listing with bigger exchange make some altcoin although not success in ICO have chance to success after listing.
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November 04, 2019, 05:52:56 AM
 #280

Developers in a hurry to listing their tokens to shit exchange may be solely to attract investors so that project status  is already listed on the exchange, so that many investors are interested in investing their money in that project. Also besides that it is possible to attract many bounty hunters for join and promote their projects, so their projects develop and quickly become widely known by various people groups.
 
It's still not gonna work if they will force everything, listing in a shit exchange will not gonna help your project build a good reputation.
People will look at the basic information before buying a certain coin, information that are very visible is their trading volume and what exchange they are listed, so if they will see that its in shit exchange, they will not be attractive with the coin.

Actually its better to look for the right timing to list and should be in a good exchange, at this time, there's nothing to worry if it will only result to dump.

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