Do you think testnet coins should be trade able already in exchange

[robelneo]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

One of the coin that is already trading in exchange even though it's on testnet is
https://www.coingecko.com/en/coins/idena

Sorry for late in including in my thread

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[jossiel]

From the word itself, I don't think that it's appropriate to see them on exchanges already. Although we see some errors for the actual coins but, I just don't think that it's right to allow them traded on exchanges.

What is this testnet coin you are describing?

[Towerbreeze]

No, that's so off, testnet means the project is not fully ready to start running or working, trading such coin on exchange already is red flag, do not get into such coin, it's probably scammers behind the invisible wall

[Avirunes]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

Test net coins are only to test the network. They are not supposed to have any value. They are only for developers of some sites to test their if their network is running fine and handling automated requests. The moment it will start getting traded on exchange it will lose the meaning of "testnet". Testnet is usually used by developers so that they can test with coins with no value so that even if there some error happens they don't lose any coins that has real value.

[blue Snow]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

never knowing testnet coin trading on exchange, some member sell bitcoin testnet in market place board. For Sale 1300 Testnet Bitcoin
you can build own by following https://github.com/freewil/bitcoin-testnet-box maybe in future have value for some research or something.

[Festac]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

You know the answer to this already, testnet projects are incomplete and always full of bugs, how will one start selling that on exchange? If you come across any project selling their testnet tokens on exchange you'd better walk away

[Ziskinberg]

Why not, being listed in a trading site does not oblige people to buy the coin.
They have to know what the coin is traded by doing some research, and if they believe on the potential, then they will take the risk by buying it.

We are in an open market, no one should stop a project regardless of its status from listing in exchange.

Besides, it's the exchange policy of listing that will decide it.

[bitmover]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed,

Testnet coins are not incomplete neither full of bugs.


Testnet is just an alternative chain which is used for testing purposes.

Let's suppose you want to make a bitcoin wallet. You need to test bitcoin coming in and out of that wallet, signing messages and so on. There is no reason to buy real bitcoins for that.

Another example: you are making an ethereum smartcontract. You need to test as much as you like to debug your software. There is no reason to spend thousands of dollars in testing. Just go to a website and claim ETH testnet for free. You can test all you want for free without spamming or congesting ethereum network.

Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

Which investor would buy something which anyone can redeem for free?
Testnet coins are not meant for investors, but to developers.

[Erumo]

Why would anybody consider buying testnet coins from someone? That is soooo lame and useless. It is like paying in shops for free food samples.

[preikaler]

Testnet means that the project is still in development stage and is not fully ready and therefore not suitable for trade. Coins that have been traded are those that are ready

[AmoreJaz]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

Test net coins are only to test the network. They are not supposed to have any value. They are only for developers of some sites to test their if their network is running fine and handling automated requests. The moment it will start getting traded on exchange it will lose the meaning of "testnet". Testnet is usually used by developers so that they can test with coins with no value so that even if there some error happens they don't lose any coins that has real value.

thats why it is called test net coins, right? lol i dont think they deserve to be in the exchange in the first place. or someone is not really understanding the concept of test net?

[sheenshane]

Test net coins are those coins whose platform are still in trial period so we can say that it's not bug-free and there is still a lot of error that should be fixed, Do you think testnet coins should be trade able already in exchange, knowing that you can encounter errors along the way and this could result in a loss for investors?

You already answered your question here mate.

Coins that should able to list on exchange it means they are fully developed, testnet is different and it means worthless coin and didn't have a value yet.
That's why we called "testnet" test network system coin is a digital currency that worthless and built to experiment with new ideas without breaking the main cryptocurrency software.

Ain't an expert on this but for sure testnet coin will remain on testnet until it will become pretty good that become across the term "mainnet" at some point.
So, it is impossible to become listed on the exchange, IMO. Correct me if I'm wrong.

[covfefe_]

Of the several reasons, testnet coins when allowed to have a value would create much more confusion as the same coin would have two different chain and wallets that need to be confirmed of being one. The general crypto users are already confused with a lot of coins and people calling different coins as bitcoin, they'd find it hard to get used to two different blockchain of same coin.

[bittick]

I don't think so and the result will always be the same. Did you see how IOU has existed before? that can be considered as an example of how the testnet coin will work. I think there was no a lot of differences.

[aemma]

Testnet means the platform is still been built and implementation of features still on of which there will be errors, bugs and so on which will be pointed out and worked on ; even the tokens generated then are always used to test work certain functions to be sure they (team) are doing the right thing. So my opinion is, No I don't think any platform would even think of listing their testnet tokens; come to think of it, what will happen when the platform is fully active? The team will only think of going to exchange when their platform is ready and they have minted the correct native coin.

[Pffrt]

Testnet coins have zero value and they must not be tradee by any means. They are created just to test the network whether it works as designed or sometimes to play with different technical aspects of project. Have you seen any such coin to be traded?

[joinfree]

Just as the name goes, they are meant to test the network, its functionality, and stability. However, I know some projects can decide to offer a ratio where these testnet coins are converted to mainnet coins so that all their supporters can be rewarded for their supporters.

[Rengga Jati]

First, we must know about the meaning of a testnet. According to https://tokenmarket.net/,

Testnet is a term for a testing network for blockchains, that allows testing of experimental features and do test versions of apps without using real money.

Moreover, for the testnet coins, we can read it right here:

Testnet coins are separate and distinct from actual coins and are never supposed to have any value.

It means that testnet is only used for testing the network and it has no value. This is only aiming for being a test network.

One of the coins that are already trading in exchange even though it's on testnet is
https://www.coingecko.com/en/coins/idena

I have searched on Coingecko based on the link provided. However, I am still confused about where is to find the information about IDENA as a testnet but already tradable in certain coins.

[Avirunes]

Have you seen any such coin to be traded?

According to https://en.bitcoin.it/wiki/Testnet some people started trading testnet coins for real money. I don't think normal people will find any value in testnet coins. It is useful for developers only. In case of bitcoin testnet, there used to be many testnet faucets which became inactive. In such cases I guess maybe developers may pay up a little to get some testnet coins and test their platform.

It could be tradable but not as normal as people do in exchange.

[acdc]

There are good sides and lots of bad sides if we trade a test currency. Most test coins have a very good price to invest, if we can buy a good test currency it will surely bring great profits. However, if the exchange of test coins became popular it would be fertile ground for scammers.