CMC Misleading new projects

[makishart]

Good on CZ Binance to acquire CMC. But I fear that even after the restructuring of CMC to remove fake trading volume and bad exchanges, those bad exchanges will try to set up their own CMC but playing with their rules instead.

It looks like you didn't even watched the old news related to this acquisition before. CMC will be running independently without any intervention from the binance. Nothing changed and again nothing changed. Im not even seeing any differences between before and after the acquisition.

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[Ibizugbe1]

It's either developers and their marketing team are naive or they plan to scam from day 1. Why go to exchanges like Latoken, P2pb2b or even Vindax for IEO or listing? when you know it's a death sentence on your project or they don't even care about the community reason people must avoid them all.

[Aaroenz0r]

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

CMC is just a promotion site and they make money by advertising projects and exchanges. Fake volumes are recorded by them. It is important that for project analysis we cannot use CMC data. We should know that where is a bad exchange and the first is a good exchange to invest properly. and in accordance with the rules of finance, the inexperienced and lazy people will be eliminated.

[Mighty_crypt]

Any project that chooses low rated exchanges do it knowingly, it's not because they are misleaded by coinmarketcap but they avoid going good Exchanges because of listing fee, it's very cheap to go p2pb2b exchange and others like it

[Wildwest]

Actually that's the CMC fault in setting the coin rankings, should they have to distinguish which coin is good in every top stage as many new projects are coming in and the value is not so good but the coin is in the top rankings, and we are often deceived by this problem when investing, hopefully for the future of CMC can solve this problem.

[Tipstar]

Actually that's the CMC fault in setting the coin rankings, should they have to distinguish which coin is good in every top stage as many new projects are coming in and the value is not so good but the coin is in the top rankings, and we are often deceived by this problem when investing, hopefully for the future of CMC can solve this problem.

It's a difficult think to rank exchanges based on their volumes as not everything goes through API and many of the volumes are actually fake from the exchange or a third party. Coin rankings are fairly correct. They ranks them by price and total marketcap which is not something that could be hidden for a tradebale blockchain based coins.

[Psynthax]

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

CMC is just a promotion site and they make money by advertising projects and exchanges. Fake volumes are recorded by them. It is important that for project analysis we cannot use CMC data. We should know that where is a bad exchange and the first is a good exchange to invest properly. and in accordance with the rules of finance, the inexperienced and lazy people will be eliminated.

I can't be agree with you. CMC is still one of a barometer for the crypto world. Your claim looks like dissatisfaction with authorities in your or someone's else country. That's not a good way

he was taking the banner that always appears on the site as his main consideration to say that. The fact this has still become a very good site to be used by all of crypto users but the problem is too much manipulation that happened on the volume that already published by CMC and at the same time, this becomes a promotional site too for the new project.

[fosco333]

But with coinmarketcap, we can find the information out about the coin we want to buy.
If we don't trust coinmarketcap 100%, we can go to the website link provided by cmc and do our own research about the coin.
About exchange rating, i don't think it is 100% real and we should only using the exchange we trust and most people trust on.

[akitha]

i think you ar ethe who is misleading.. those developer have an extensive research about those exchange as well where their token can be listed! do you think these developers want their tokens to be listed in a crappy exchange?

[mr.robot8]

coinmarketcap has ups and downs both in the rating of the exchanges and in the rating of the new projects / ico but fortunately now it is no longer the only point of reference in the sector, coingeko is improving a lot and has become a valid alternative

[gaston castano]

indeed some of the data in cmc is not accurate many say that it is more accurate to look at coingecko both from rank, daily volume, exchange and others.
but if only to see the price of btc and some alt I think there is no problem.

[kayvie]

i think you ar ethe who is misleading.. those developer have an extensive research about those exchange as well where their token can be listed! do you think these developers want their tokens to be listed in a crappy exchange?

That is actually true, those developers have their own knowledge on what exchange is good enough to list their coin. Aside from that, CMC is not the only website that they can use to find a good exchange, I am sure they know some sort of websites that can help them to find a good exchange.

[lobo13hf]

i think you ar ethe who is misleading.. those developer have an extensive research about those exchange as well where their token can be listed! do you think these developers want their tokens to be listed in a crappy exchange?

If they were smart enough and they will never take those scam exchange sites to list their token. FYI, there are so many or even 100% token that launched on the crap exchange sites like p2pb2b were scam and again that crap exchange site are still placed on top rank CMC based on daily trade volume. Dude, that doesn't make sense to happen but that's the fact.

[cahbagus555]

i think you ar ethe who is misleading.. those developer have an extensive research about those exchange as well where their token can be listed! do you think these developers want their tokens to be listed in a crappy exchange?

If they were smart enough and they will never take those scam exchange sites to list their token. FYI, there are so many or even 100% token that launched on the crap exchange sites like p2pb2b were scam and again that crap exchange site are still placed on top rank CMC based on daily trade volume. Dude, that doesn't make sense to happen but that's the fact.

In my opinion, coinmarketcap collects data on tokens and exchangers based on reports. But in my opinion the information contained in coinmarketcap is quite complete, regarding the existence of registered scam tokens, I think website visitors also need to inform them to avoid missleading

[gundala]

It doesn't make sense that dev, which consists of a professional team, only makes CMC the only basis for choosing potential exchanges for their projects. They should be able to read and analyze more dominant market interests where. I think the shit project is only looking for shitexchange with cheap cooperation costs to make bait.
Whether it's true or not, what is clear is that CZ is committed to fixing some aspects that disturb the community. Let's wait for its development, I'm sure there will be changes that make the CMC become more "clean"

[mdzahed134]

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading ...

It is not Coinmarketcap's fault that it shows incorrect trading volumes on cryptocurrency exchanges. Coinmarketcap simply transmits the information provided by these exchanges. These swindles are engaged in by the exchanges themselves to attract the attention of new participants.

I don't believe that Binance is only ranked 22th https://coinmarketcap.com/rankings/exchanges/

I don't think so. Why should CMC manipulate the API data which sent by exchange's order book? Wash trading and fake buy/sell walls are not created by CMC team.

I agree with you fake volumes were created by exchange than i think coinmarketcap should filters those data which is received from exchanges, cmc exchanges rating is weird. Coingecko divided in two factors normalized volume and real volume. We will find liquidity exchanges much easily.                  

[Samayuki]

Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading

according to coinmarketcap these are the 3 exchanges with the most volume:

1- Bilaxy

2 - MXC

3 - BitForex

source: https://coinmarketcap.com/rankings/exchanges

who uses these exchanges?

Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges

it really starts to see that things are very strange, there are exchanges that I never heard of that are at the top in the coinmarketcap ranking

Can't stop laughing right now, how can bilaxy ,MXC, and bitforex have the highest trading volume? People don't use this exchanges compared to coinbase, Hitbtc, binance, Okex ,huobi etc, CZ had a not of issues to fix on coinmarketcap really

[casperBGD]

Can't stop laughing right now, how can bilaxy ,MXC, and bitforex have the highest trading volume?

agree, i do not even look on those numbers on CMC, just use it as a reference for current and historical prices for crypto currencies, volume on cryptos and exchanges on CMC could not be realistic, it is just too much of volume for these market conditions

[Rafiqul]

New projects knows the right thing to do. Cmc ratings sometimes might not be accurate because if information given by the exchange themselves. But any serious project will visit the exchange and make more research to see the real truth. However, a modification is required to correct any misleading from irregular data's.

I agree with you. The value of any crypto coin is affected by CMC's rating. It has been alleged that the CMC has brought the bad projects to the forefront in the ratings by committing irregularities in some cases. Hopefully in the future CMC will amend this issue and earn people's trust. This will improve the crypto world, including CMC.

[CaVO32]

New projects knows the right thing to do. Cmc ratings sometimes might not be accurate because if information given by the exchange themselves. But any serious project will visit the exchange and make more research to see the real truth. However, a modification is required to correct any misleading from irregular data's.

I agree with you. The value of any crypto coin is affected by CMC's rating. It has been alleged that the CMC has brought the bad projects to the forefront in the ratings by committing irregularities in some cases. Hopefully in the future CMC will amend this issue and earn people's trust. This will improve the crypto world, including CMC.

I think what the OP was trying to convey is that CMC was giving inaccurate information regarding exchanges, and since the coin developers have been choosing their exchanges according to the info from CMC ratings, they are somewhat misled with that info. However, I think as a coin developer, you should not rely on those info as it has long been known that they are not credible to refer on. Also, the success of the project doesn't depend on the exchange alone, it depends on the dev team themselves, whether they want to develop it for real or not. They can always list their coin to another exchange if they found out that there's something wrong with the first one.