Be careful Many New Tokens on Coinmarketcap are

[abel1337]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

These projects can add their token on coinmarketcap as long as it qualified to the listing criteria of coinmarketcap. These tokens are doing their best to be listed and I believe that there are shitcoins that managed to enter the listing site. Those shitcoins after rugged or having no problems at all are still listed there but I've seen some coins there that has red flag or warning from coinmarketcap that a certain token had experienced such problems such as being rugged or what kind of status does the token has. Though it's always not a good thing that we based the legitimacy of a project by just being listed on CMC, as well as other trading platform such as binance.   

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[JoyMarsha]

The responsibility of Coinmarketcap is to list as many tokens as they want on their website, not to determine for you which tokens are genuine and which are scams. It is not necessary for their tasks. Their sole responsibility is to list a token on their website, alert their community to any token that has been flagged as a scam token by others, and spread data information about the token's market cap and rating.

You should conduct your research into the token of your choice, not coinmarketcap. Remember that and avoid believing in any coin listed on CoinMarketCap is supposed to be legit before listed

[jerry0]

How would you know which ones are legit then?

[stadus]

The responsibility of Coinmarketcap is to list as many tokens as they want on their website, not to determine for you which tokens are genuine and which are scams. It is not necessary for their tasks. Their sole responsibility is to list a token on their website, alert their community to any token that has been flagged as a scam token by others, and spread data information about the token's market cap and rating.

They are supposed to take care of the reputation of the market as well, not just milk us and accept payment from scammers who wanted to list their coins without further verifications in regards to their legality. Because we don't need a lot of coins in the CMC, at least having 10 legit coins/projects are enough. But they let this thing happen and which make also investors driven by their doubts and less interest in crypto. Because if they only have listed good projects, it encourages more investors as well but it looks like it was to late and impossible to happen.

[beerlover]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

Coinmarketcap is just a listing services and NOT an investigation portal. So, if your own responsibility to keep checking the right and potential coin and tokens for your investments. After coinmarketcap is acquired by binance, you cannot expect nothing else but they will simply go for listing all the coins and token which are ready to pay their fees. So, being careful and ignoring shitcoins/tokens is up to the responsivity of individual investors.

Fortunately, I never bother about the ranking of coinmarke cap for any reason. Like most people of this community consider marketcap is just a number and it got nothing to do with the future of a token or coin. So, ignoring the ranking of any services based upon the marketcap must be a good idea for safer investment habits.

[AakZaki]

You're wrong. CMC has listring criteria but CMC was shit. CMC never follows what is already stated in its listing criteria. Even obvious scam coins can be listed in the CMC a few hours after the launch. Most of tokens/coins listed in CMC were scams.
That listing criteria owned by CMC didn't even work. Even so many shit scam meme tokens with less than $100 volume a day could be listed easily without any problem. There's something wrong with CMC even after it was already acquired by biannce.

CMC is so shady as fuck https://cointelegraph.com/news/coinmarketcap-led-token-airdrops-infected-by-fraud-crypto-project-claims

It seems that it depends on the management team, if scam tokens can still be registered without doing research it would be a shame, because CMC is a website that is often used by many crypto users to check token information. It is possible that the fee to be listed will be very influential even if the project is not clear, because more scam projects have a lot of money used to camouflage the project to make it look official. must be vigilant with all the games that are done.

[Oceat]

It doesn't matter if they were adding random tokens before verifying them since in the first place it's not their job. They may have a different goal now from way back then and it's to list all of these altcoins/tokens as much as possible or maybe I am wrong. It's the investors job to do their own research if they want to invest in crypto currency although they have a comment section on each coin you choose. Perhaps, you rely too much about them where you could be fooled by them if you don't know about the certain coin's history.

[inthelongrun]

I noticed many shitcoins a long time ago listed in Coinmarketcap. Right now, I am using Coingecko and I noticed that they have fewer listings than Coinmarketcap. But I do not think that it is proper to use the listings of Coinmarketcap and even Coingecko as the basis of our investments. We need to read the Whitepaper, the team, seed investors, token distribution, and many more. It is our hard-earned money anyways so we should also make effort on selecting the coins we want to invest in. And as what the crypto community always says, "DYOR". 

[swogerino]

I still use CoinMarketCap as for the coins I use that are no more than 10 coins,it list them pretty well and it is super fast,I always have that as an app in my phone and everything about the coins I use and also mine them which are ETHW,ETHF,ZIL,LTC and RTM are all listed in a perfect way.

It may list a lot of coins without valid data but those as all we know are referred to as sh*tcoins and no one cares about them.Beside that I think they do use a warning for coins that they think a high level of scamming may happen and that is exactly what goes on in the Pi network they list,they say in a red text there that be careful as the mainnet has not launched and the chances to get scammed with this coin is pretty high.

[fzkto]

The responsibility of Coinmarketcap is to list as many tokens as they want on their website, not to determine for you which tokens are genuine and which are scams. It is not necessary for their tasks. Their sole responsibility is to list a token on their website, alert their community to any token that has been flagged as a scam token by others, and spread data information about the token's market cap and rating.

You should conduct your research into the token of your choice, not coinmarketcap. Remember that and avoid believing in any coin listed on CoinMarketCap is supposed to be legit before listed

I agree with you. Coinmarketcap is just an aggregator site that collects information about the coins being issued. This site is not responsible for any scam projects. They can only warn about shady stuff like coingecko, another similar service, does. When investing in cryptocurrencies, each user has to be responsible and choose the right projects. There is a huge amount of scam in crypto right now. It's time we learn to identify it.

[Captain Corporate]

I have been part of many new projects in either small or big capacities, from being part of the main crew to being part of just a bounty like thousands of others, I have been involved with many of them. I can easily tell that one thing in common with all of them was the fact that people aimed at making money from them, their intentions were never really making something that would help people. You know what happened when me and my friends wanted to try and build something that would benefit people? Well this time investors didn't care about it and only abused the token to make as much as possible. So either the devs make profit, or the investors do, but nobody aims at making something that is actually useful.

[dothebeats]

CMC still does initial verification, but to verify whether the project is legitimate or not must be done by those who are willing to spend some money by investing to these so-called projects. Honestly I wouldn't use CMC as a basis on whether a project is good or not. Mostly it's used to just check prices on coins that have already hit the exchanges, nothing more. It would be quite noobish to use CMC as your sole basis on the reputation of coins and tokens that are being put out there. Lots of other platforms out there to use to verify legitimacy of coins/tokens, really.

[BitcoinPanther]

I noticed that Recently CoinMarketCap website has been adding new Tokens without verifying the Token team,goals, and if it's legit.
Most of these currencies collapse during the first weeks of its launch.
i Remember that the website used to check every Token before publishing it to the public.
Has anyone noticed that as well?

It had been listing projects ever since. It does not investigate or check the project whether it is a scam or not.  They are just listing different cryptocurrency  project.  I don't think they are actually checking them of the possibility of scams. they are checking them for the details such as contract and other stuff needed for publising.

[shinratensei_]

considering the fact that even coins that's so called legit like luna with its massive market capitalization could be crashing, I think your statement is true, but then again CMC isn't fortune teller so it's normal if they just listing coin without ever creating proper analysis first, some coin could literally turns scam along the way so it's each one's responsibility to make analysis in regard of the coin they are invested in.
if you want list of coins that have went under real review by binance themselves then you should just find coin that got listed in binance since CMC is essentially owned by binance.

[mdzahed134]

This has always been the way with Coinmarketcap. But it is not a big deal. Coinmarketcap is not a site where one could verify whether a coin or token is legit or not. It
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That's true, I've seen a lot of shitty coins that was listed before on the Coinmarket cap and it's on the "Trend" section too which give that coin more exposure but that doesn't mean they are legitimate and trusted project, they don't have any strict requirements and they are just there to provide data about that coin and not encourage to buy that coins. It's the job of the investor if they are going to invest to that project or not but the Coinmarketcap will just show data of that coin, brief information and where it can be exchanged.

Coinmarket, coingecko, and some other similar sites are useful for a quick review of some projects. Except for info where some coins/tokens can be exchanged, there are direct links to their sites, along with the price statistic. But as both of you pointed out, people should not rely only on these sites when they are looking for investments. It can be a good start, but nothing more than that...

But if we compare Coingecko and Coinmarketcap, it is obvious enough that it is a lot easier for a coin or token to get listed on Coinmarketcap than Coingecko. As of this writing, Coinmarketcap has already admitted 22,547 cryptocurrencies while Coingecko has only 12,319. There's a huge difference, almost double, which could mean that more shitcoins are probably listed on Coinmarketcap than Coingecko. So while both are not reliable sites as far as legitimacy of the coins or projects are concerned, it is better to check Coingecko than Coinmarketcap.

I'm agreed with you, if a coin somehow listed on Coinmarketcap then it will never delisted from CMC. Yeah 60%  is dead/shit coin/scam project still listed on CMC that's why here almost double if comparing with Coingecko. And i think Coingecko's data is more accurate than CMC, because they will delisted shit projects.

[wxa7115]

I'm agreed with you, if a coin somehow listed on Coinmarketcap then it will never delisted from CMC. Yeah 60%  is dead/shit coin/scam project still listed on CMC that's why here almost double if comparing with Coingecko. And i think Coingecko's data is more accurate than CMC, because they will delisted shit projects.

I suppose they have different standards, CMC has listed 10k more coins than coingecko, so coingecko seems to be more selective on the coins they list while CMC seems to have the philosophy of listing any project regardless of their legitimacy.

I had not noticed this as I have used coingecko for a very long time but it seems the difference on their approach is massive, and anyone using CMC should be even more careful as usual if they are using this service to try to look for new altcoins in which to invest.

[justdimin]

I'm agreed with you, if a coin somehow listed on Coinmarketcap then it will never delisted from CMC. Yeah 60%  is dead/shit coin/scam project still listed on CMC that's why here almost double if comparing with Coingecko. And i think Coingecko's data is more accurate than CMC, because they will delisted shit projects.

I suppose they have different standards, CMC has listed 10k more coins than coingecko, so coingecko seems to be more selective on the coins they list while CMC seems to have the philosophy of listing any project regardless of their legitimacy.

I had not noticed this as I have used coingecko for a very long time but it seems the difference on their approach is massive, and anyone using CMC should be even more careful as usual if they are using this service to try to look for new altcoins in which to invest.

I think the "different standards" is that coingecko is coming from behind, because it was created later as far as I know, or at least got famous a little later. CMC on the other hand is a company that was sold for 400 million reportedly, don't know if that's true but Binance spent a ton to do that, and they want to list as much as possible to get as many clicks as possible.

Remember they do not charge to list you, there could be scammers who would charge to list you, but those people are not CMC, you are dealing with a third party doing something you can do for free. They make money from ads, and the more tokens they list, the more clicks they get, the more clicks they get, the more they charge for the ads.

[Zee27]

 Coinmarketcap has a way to verify projects before listing them as they wouldn't want to jeopardize their reputation by listing tokens without taking due diligence of authenticating them by ensuring that they meet their listing criteria. Most coins/tokens I've invested in and will invest in, are found on coinmarketcap. The likes of Level Finance's token, LVL currently trading at $8.22. hopefully MEXC gets to list it come Feb 20th at 10:00 as they have already proposed to.

[o48o]

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i Remember that the website used to check every Token before publishing it to the public.
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When was this? I remember them listing everything after they were in 2 exchanges. That's the only requirement i can remember them having back in time before Binance took it over. They are just not going to rank something with made up marketcap and 2 token holders, that's enough security to me. It would be insanely difficult to filter everything "legit" as people are trading tokens that are not "legit" they would just move to coingecko or other marketcap indexers that list them.

[DJANAS]

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i Remember that the website used to check every Token before publishing it to the public.
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When was this? I remember them listing everything after they were in 2 exchanges. That's the only requirement i can remember them having back in time before Binance took it over. They are just not going to rank something with made up marketcap and 2 token holders, that's enough security to me. It would be insanely difficult to filter everything "legit" as people are trading tokens that are not "legit" they would just move to coingecko or other marketcap indexers that list them.

Sorry maybe i was wrong about that part?
but i remember 2 years ago was away better than now!
every 10 new tokens minimum 5 scams.
you can check the new listed Tokens on Recently Added Page at CMC