A Very Important Advice for Devs

[cytpoway121]

I've heard enough about exchanges and my ears are full, if you aren't a scammer or a pump and dump dev this is for you, I'm going to list some exchanges on here right now

1. Vindax
2. Systemkoin
3. ChainX
4. P2PB2B
5. Latoken
6. Dobi
7. Hotbit

Thanks for highlighting those exchanges and summarizing them.
Funny enough, i am a fan of hotbit, perhaps because tokens i have traded them have been rewarding, especially bobs repair.

I think p2p2p2 has been rewarding for me as well.

I think purposes of crypto exchange differs alot, and as a content creator focused on profits, any exchange goes.
None the less, every devs should make a good product, that will ensure that top exchanges run after their project.

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[qazgroup]

I agree with your list but at the same time i see most of the new projects are holding their ieos at one of these exchanges and then listing their coin there as well which just dumps endlessly there. I know there is a problem but i think new projects are also helpless because big exchanges and IEO platforms do not accept them so these projects do not have any option other than to list on these exchanges, i think if the project is good and they come up with good product there coin will even perform well on these exchanges too.

[jacafbiz]

More than half of the exchanges in the space are playing scam games, I do not know why people are not calling them out, I like Yobit exchange being that everyone knows where they stand, a pump and dump exchange but some of these exchange pretending to be real is baffling

[btc_angela]

I've heard enough about exchanges and my ears are full, if you aren't a scammer or a pump and dump dev this is for you, I'm going to list some exchanges on here right now

1. Vindax
2. Systemkoin
3. ChainX
4. P2PB2B
5. Latoken
6. Dobi
7. Hotbit

..[snip]..

Right, we have heard so much about this exchange being a scam and just running a p&d scheme.

And investors are getting intelligent, if they see that IEO's are going to be listed on this second tier scheme, they know that probably this project has some bad intentions and will be used by bad actors to fit their narratives, p&d. And I don't understand why projects wanted to list or launched and IEO in a shitty exchange. Maybe launching them is quite cheap as compare to lets say Binance, but it going to be worth it when investors see your project in a top tier exchange.

[dainoran]

usually devs doing IEO might be possible so that there is a sense of security for investors to invest in their projects, but investors should also be more careful in the markets that carry out the IEO.

[Balladtony77]

There are still few others that is missing on your list, people will only stop using this exchanges if new projects don't patronize them anymore, investors who wants to sell will have no choice but to use the exchanges

[verita1]

I didn't know that Hotbit was listed as a harmful exchange. I had already heard about the other exchanges with bad reputation and low liquidity. It is difficult for new projects to execute a successful token sale and now with the Coronavirus, the market is even more uncertain.

[Valzador]

The following 👆 exchanges are extremely dangerous for your new project, do you hear me? It's either you get scammed and ripped off of the little fund raised believe me you won't raise hardcap successful on themor you are fooled about the exact amount that was raised and never get paid still, either one will happen.

I only see the assumptions in your post, everyone can express their opinions, but opinions that are not accompanied by data are nonsense, the arguments you make seem subjective.
I hope you update your post by including data.

[t3m4nc0k]

from the list that you have provided they are very dangerous scammers but when I see hotbit is also one of them so I'm surprised because hotbit is an exchange that I use often, thank you for creating this thread

[Finestream]

I think Devs knows better but that does not prevent themselves from listing the project in the site.
You have you own opinion, or maybe experience, but as long as the site is still operating, they remain legal exchange that would do legit business.
And also, in big exchanges, they do charge devs with big listing fee, so you can blame the devs who just choose to list in a smaller exchange.

[FireBallex]

Everyone needs to stay away from low exchanges, they can easily exit scam anytime any day, there are many cases of unknown exchanges scamming people of there money, unpopular exchanges are dangerous, it's same thing idax did till they exit scam after scamming many new projects of their IEO funds

[Lagduf]

More than half of the exchanges in the space are playing scam games, I do not know why people are not calling them out, I like Yobit exchange being that everyone knows where they stand, a pump and dump exchange but some of these exchange pretending to be real is baffling

The majority of scam exchange sites are coming from the low tier exchange sites bu as far as i know if those who have been scammed by those exchange sites are getting fooled caused by the scam exchange site was offering a big return to the developers. It looks like scam accusation is really needed.

[Marble777]

from some of the lists that you have mentioned are very true, they are junk exchanges. especially in 2018-2019 many tokens are generated from bounties (ICO / IEO) and registered in several exchanges such as
1. Vindax
2. Systemkoin
3. P2PB2B
the tokens they produce are useless tokens & no longer have a sale price. this is very concerning

[rahmatullah9305]

There are still few others that is missing on your list, people will only stop using this exchanges if new projects don't patronize them anymore, investors who wants to sell will have no choice but to use the exchanges

Can you share it here for some other exchanges that aren't suitable for many people to use? because it will also help many people to stay away from useless exchanges in cryptocurrency, because the average exchange user obviously puts their assets in when trading.

[enhu]

P2pB2B were obviously scamming. We saw it on a thread they were using fake profile but we still keep using it. I have no issues with the rest of the exchanges since I have not use them but we know for sure the coins holding IEO on them are not doing well in the market. It has got to do with the exchange, likely them not popular but exchange dumping the tokens has got to be proven with blockchain, can these dumping be tracked?

[sangjoewara]

Everyone needs to stay away from low exchanges, they can easily exit scam anytime any day, there are many cases of unknown exchanges scamming people of there money, unpopular exchanges are dangerous, it's same thing idax did till they exit scam after scamming many new projects of their IEO funds

Yes, one way to eradicate a low exchange is to stay away from it and urge everyone not to use it, because they are truly not responsible for losing our assets, like idax and bnex, both exchanges are exchange scams.

[rdewilde]

I am going to air my opinion and that is, any project thinking of or already conducting IEO on some of these exchanges is questionable because I see nothing good about them that is worth the attention. Also, project teams should be careful of listing on those exchanges because they will only but succeed in killing the project the more. Someone might say top exchanges, yes they are good but starting from other small but good exchanges is a good way to start off while attracting more users and preparing for future exchanges.

[totoy4741]

Scammer Developers don't care either as they have same goal with those exchanes and that is to scam investors. How many times that those Exchanges have been accused of scams most especially P2PB2B and Latoken but still there are plenty of start up projects conducting their IEO there. If Devs really want their project to be successful they must at least list or conduct their IEO in a reputable exchange if they can not afford big fees then once they get the project successful start expanding their trading options in some of the top class exchanges in the market.

[MCDev]

It seems that P2PB2B has a very bad reputation in the cryptocurrency market, a lot of people accuse P2PB2B of embarking with the IEO developer to pump then to be broken.
I think the problem for a project listed on the transaction is probably money, most of the IEO and ICo are required to pay a fee to be able to be listed on a certain transaction.

[Jannyh]

It still baffles me to see developers conduct initial exchange Offering in these exchanges you have listed. Sometimes I want to think that the developers do not carry out research before listing their tokens in such exchanges or could it be that the fee is very low,? Well listing in such exchanges will mean so much harm to a coin that was carefully planned,so Devs should do more research for the progress of their coin.