I’ve seen several posts on here discussing crypto market makers. The whole crypto market making process seems rather simple and straightforward. My question is, say I’m a new token looking to list on an exchange, rather than hire a crypto market maker, why not have my team write a basic algorithm and be my own crypto market marker?
I would assume that market maker would probably be someone who has worked with a market maker before at the very least, I am not saying it is impossible for someone to actually be a market maker without any type of experience before, they can definitely do that but how good could they really be?
I would assume not really all that well, so at the end of the day I would say working with someone who has done this before and learning from them would be a great start. Be careful though, not every market maker is a good one, they could be a scam one as well, so if you pick someone to teach you and they teach you the scam ways you may not even realize it, which will lead you to be an unwarranted scammer as well. So if you are going to learn from someone, find a good person who is good at it.