Shit Exchanges, an end to good projects.

[o48o]

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.

Or maybe there just are too many shitcoins with too much sell pressure; if they all would be listed in good exchanges, there wouldn't be any good exclusive exchanges,
every one of them would be just filled with shitcoins. And with every project comes with a small community that thinks that their project is somehow better then others and deserve the binance at least . They don't see that they are just another shitcoin and no one would be interested no matter what the exchange is.
Good exchanges are doing everyone a favor by weeding them out.

Other reason is that people haven't got time to study everything. There are gems that will be left unnoticed (for now at least). They might have an active development team that keep on building without looking at the price. But somehow people still think that the price and the exchange is destroying the project. I consider myself lucky when i can buy them with discount because i know from experience that they have huge growth potential.

[1714763953]

1714763953

[1714763953]

1714763953

[1714763953]

1714763953

[Mila52]

This is a normal practice in crypto-verse sometimes project owner lists their coins in shit exchange just to please the community.
Sometimes it could be a good thing 'coz we can get the coins for a cheaper price but sometimes this could lead the project to death.

Very often, new exchanges have trade volumes by bots and it doesn’t matter for them that there are no trading this coin. On such exchanges the listing will not be canceled, and the team wins in the time-obligations to investors are fulfilled-token is on the exchange.

[prehisto]

This has been a problem since the beginning of the ICO market, most of the projects do not care about their token. Their business plan does not include  caring about their token price. They get their funds and their out, in best case they develop a good product, in most cases they just pretend to be working.

[wywoc]

yes, we see many projects like that. after being registered in exchange for petty trade then they disappear without development or ongoing products. This is frustrating, but in reality, not many projects still survive and run after their first year developing the platform

It's what happening in crypto market. Very few projects can afford to spend a huge amount of money on the initial stages of the project, and the listing fee is one of them. So they will choose the easier way, which is to choose shit exchanges to list.

[andra73]

everything is equally related. when a bad exchange that contains a good project there will certainly be doubts about investing there. Likewise for a good exchange but with a bad project, when they release an IEO sale there it will end badly and that also has a bad effect on the exchange rating.
logically, a good project will be listed on a good exchange too. that is the best way to choose to invest. but when only one is, it will certainly be the weakness of the project or exchange.

[ChrisPop]

I agree with @Mealea view on these garbage exchanges that we see all over the internet, but taking into account that most contributors are eager to see the coin listed on some kind of exchange as soon as possible after the ICO ends and most projects/ICOs don't have the kind of funds and/or development to list on one of the major exchanges, a smaller non-reputable, cost-effective exchange is the obvious choice. Of course that the big dogs don't operate on that kind of exchanges, but at least it gets some kind of exposure and liquidity.

If you watch what happens on projects' telegram groups if the crowdfunding ends and the coin/token is not listed yet on an exchange, you'll be amazed. Most of the complainers are bounty hunters and people who bought at massive discounts though. So it is in their best interest to sell the tokens as soon as possible.

[mdzahed134]

I think reliable exchanges is play very imimportant role to grow up any projects. And trading volume will be huge increasing by the biggest exchanges. Many projects have strong liquidity and potential development but which is cannot survive long term for listing in shit exchange and it’s mainly responsible to make dead within very short term. A few millions dollar raised project will going dead for the low quality exchanges like as Latoken,Exrates and Exmarkets. But of course huge amount of dollars need to be reach big exchanges.                       

[joinfree]

You are  point  most  project  kill their  by listing their token or coin on shit exchange.  When  you list your  token  on shit exchange  how would you expect  serious investors to  get  to  trade your  coin or token.  because  serious investors  only  trade on bigger exchanges.  So  i always advise projects  that  instead  of listing on many  shit exchanges  its  better  to use that  money to pay   to  get listed on 1 bigger exchange. 

[Mumbeeptind1963]

You are  point  most  project  kill their  by listing their token or coin on shit exchange.  When  you list your  token  on shit exchange  how would you expect  serious investors to  get  to  trade your  coin or token.  because  serious investors  only  trade on bigger exchanges.  So  i always advise projects  that  instead  of listing on many  shit exchanges  its  better  to use that  money to pay   to  get listed on 1 bigger exchange. 

yeah, but I think the reason why other good project ended up in a shit exchange or a small exchange its because they dont have enough money or funds to take their project to a good exchange, we all know that for a good exchange they need at least 3btc for a 2 pairs only (eth and btc) nowadays project has a small profit because of many competitors. i hope projects have their own fund before going in an ieo or ico.

[Vaslime]

You are  point  most  project  kill their  by listing their token or coin on shit exchange.  When  you list your  token  on shit exchange  how would you expect  serious investors to  get  to  trade your  coin or token.  because  serious investors  only  trade on bigger exchanges.  So  i always advise projects  that  instead  of listing on many  shit exchanges  its  better  to use that  money to pay   to  get listed on 1 bigger exchange. 

yeah, but I think the reason why other good project ended up in a shit exchange or a small exchange its because they dont have enough money or funds to take their project to a good exchange, we all know that for a good exchange they need at least 3btc for a 2 pairs only (eth and btc) nowadays project has a small profit because of many competitors. i hope projects have their own fund before going in an ieo or ico.

they will slaughter good projects and even shitcoins are mix with the good ones.

[Convery]

It is funny to see Latoken as a exchange with the highest trading volume on Coinmarketcap. The reallity? If you want to buy/sell cryptocurrencies here you will have a rela problem with enough liquidity.

[Ferris419]

I think reliable exchanges is play very imimportant role to grow up any projects. And trading volume will be huge increasing by the biggest exchanges. Many projects have strong liquidity and potential development but which is cannot survive long term for listing in shit exchange and it’s mainly responsible to make dead within very short term. A few millions dollar raised project will going dead for the low quality exchanges like as Latoken,Exrates and Exmarkets. But of course huge amount of dollars need to be reach big exchanges.                       

I agree with you. Because we saw lots of good project's coin price become trash only because of shit exchange. I had a big hope on WES token last year, even they had real use cases. But when they listed on Latoken exchange, the project started falling down and now there is no WES token anymore! But sometimes it can be different. If you Don't have products or any kind of use cases for a long time then your project's token value will be trash! In Binance, hundreds of coins listed and many coins are like dying badly. 

[hashman]

It is funny to see Latoken as a exchange with the highest trading volume on Coinmarketcap. The reallity? If you want to buy/sell cryptocurrencies here you will have a rela problem with enough liquidity.

Many exchanges as Latoken at crypto market. Just fake volumes. Latoken is ok, most of the users know it is shit exchange.
How about Okex and Huobi? A report published that more than 90% volume of Okex not real and more than 60% of Huobi. May you the report also answer of the Okex CEO.

Okex CEO claimed that they can prove at least 10% of their volume is real.  He want to show 11%

Shitexchanges = low volume or faked volume are then biggest danger at crypto

[djselery]

It is very expensive actually to list a new coin or token on any top-level exchanges like Binance and Kucoin. And it takes a long time too. That's why the developers of so many projects decide to list their tokens in exchanges with the low volume of trading, or shit exchanges.
It is affecting the project surely, because not all potential investors would trust easily such exchanges.

[mihtju]

I also believe that the listing on the stock exchange is not a mandatory factor for the success of the coin. For some reason, many developers dont understand this and believe otherwise. Personally, I also believe that the team is better not to rush and listing coins to do on a larger exchange.

[KnightElite]

There are now many bad exchanges due to its bad customer support and also bad reputation from the community. We should only use the exchange with good reputation from the community and have good service. 

[Alexandr Kirichenko]

It is funny to see Latoken as a exchange with the highest trading volume on Coinmarketcap. The reallity? If you want to buy/sell cryptocurrencies here you will have a rela problem with enough liquidity.

Of course, they are so inflated trading volumes that it is ridiculous to look at. I do not think that anyone believes these volumes at least among experienced users. I think Latoken is an exchange on which only shitcoin is traded.

[Moeda]

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.

[asus09]

I found many cases like this with listing some coin have raised hard cap and success sold out in ICO sale by listing with shit exchange market and make price ICO coin down lower than ICO price, I invest with many ICO success reached hard cap but become lower price by dev is not trusted with listing on shit exchange market.

[Ailmand]

There are many reasons that make developers put their coins / tokens on shit exchange, for investors to be calm because they have entered the market even though it is shit or small exchange. It could be that the exchange itself included it without first asking the developer for permission.
Or it could be that developers are getting frustrated by market conditions but continue to be urged by investors to immediately put them in exchange.

Well investors should understand the current market state. Putting a project in any exchange would not put a value to a coin. It is only a waste of money that could have been used for project development. Sometimes it is not just the developers that should be blamed why some qlts are dying, it is sometimes investors fault.