Meme tokens

[Odusko]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

They don't steal money from investors. Everyone has their free will to invest to meme coins and that's what they're doing. If it means being stolen, then these investors are the ones allowing it to happen. As for exchanges, they mean business so as long as they see that there is a volume for these meme coins that are asking for listing, they'll have it. It's only about the money that they're going to get from these projects, nothing more, nothing less.

When you want to invest in any cryptocurrency projects, you must fully understand the risks of losing your money, unless you are investing on a more reputable coins like Bitcoin and the few others, but anyone that want to invest in memecions, you should be aware that memecions have higher volatility and risks level to stand with, so don't blame the project or exchanges all of them are in the business to make profits too, blaming them when you is not right after reading the rules of the high volatilities in memecions class.

[Cyber_warrior]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

I will say mostly exchanges only care about themselves, and they don’t really care about people making use of them. If you can see the number of shit coins in some exchange, you just going to shake your head because they are just too much. All exchanges are after is just miney, if you can pay them good amount of money, then your coin is going to be listed even if they know that the project is a scam project, as long as you can pay, then the coin will be on their exchange.

That’s why whenever we are using exchange, then we should make use of reputable exchange, and if we are investing in all this coins, then take your time and do more research about the coin because leaving your money in the coin, don’t even trust exchange.

[ndutndut]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

They don't care about that --- when there is a meme that is hyped up and talked about in the community, the exchange will list it, and it's not unusual for many exchanges to do so.

The important thing is that the exchange makes a profit. They don't care about the losses of investors. Now you have to think hard if memecoins are only causing losses, it's better to avoid them.

Don't invest in any memecoins.

Yes, that's right. Exchanges don't care about that they only care about profits and the impact on themselves. After all whether or not to trade meme coins is entirely your own responsibility. The reason exchanges list meme coins is clearly to attract investors with small capital, to increase trading volume, and they usually also capitalize on hype and community engagement. Meme coins are often driven by active communities on various social media platforms, which can increase awareness and interest in the exchange.

Essentially the reason exchanges list meme coins is because they see the potential for large profits from trading fees, so they don't care whether the meme coin is a scam or not. The best advice as you said is never to invest in meme coins especially if you don't have the necessary knowledge.

[markm]

The initial question specifically mentioned tokens rather than coins.

I had thought, due to how platforms like HORIZON and Stellar work, that one of the differences between coins and tokens that ought actually work in favour of tokens, is that there is no "listing" nor "de-listing" involved in how token trading works, because you can always trade the token directly against the native currency of the blockchain on which the tokens are implemented even if some blockchains (like HORIZON for example) only provide trading against their native currency not (like Stellar for example) any arbitrary token versus any other arbitrary token .

So simply because the token exists on the blockchain it is automatically trade-able on that blockchain.

That is kind of an implicit part of and point of blockchains that support/provide token capabilities, I thought.

So now after reading this thread I am wondering whether part of the awkwardness of having to use "smart contracts" to implement tokens instead of using a blockchain that natively provides token issuing and trading might be that by using a smart-contract to issue your tokens you are putting yourself at the mercy of third-party "gatekeepers" who can, arbitrarily or not, choose not to list them and maybe not even enable them to be traded, and can de-list you somehow from the blockchain users' searches for tokens that exist on that blockchain?

I have actually noticed in the past some sites and apps, I cannot remember which as I thenceforth never used them, that although purporting to be Stellar wallets nonetheless somehow contrived to prevent me finding my own tokens when I went looking for how to specify tokens to "trust", so maybe it is just part of centralised exchanges being a problem in general: not only do they custody your assets they can sometimes also censor access to discovery mechanisms for discovering what assets actually exist on a given blockchain or the very ability of such purported but broken discovery mechanisms to discover certain tokens...


-MarkM-

[virasog]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

A very simple answer to your question is that exchanges themselves are the ones who are involved in stealing the money from the investors. Anything else left after this statement?

You see the meme coins are very low in price and they (exchanges) will list them if there is a hype of any meme coin and they will not only get the money from the project team to list the coins but also when the pump dump happens it is the exchanges that earn more than the main  project owners.

[bitgolden]

Exchanges don't care about that they only care about profits and the impact on themselves. After all whether or not to trade meme coins is entirely your own responsibility. The reason exchanges list meme coins is clearly to attract investors with small capital, to increase trading volume, and they usually also capitalize on hype and community engagement. Meme coins are often driven by active communities on various social media platforms, which can increase awareness and interest in the exchange.

Essentially the reason exchanges list meme coins is because they see the potential for large profits from trading fees, so they don't care whether the meme coin is a scam or not. The best advice as you said is never to invest in meme coins especially if you don't have the necessary knowledge.

Yeah, exchanges do not care about these at all, they do not care about any of us, and that is just the way it is. We should really try to figure out a way where we put ourselves above what exchanges wants us to see.

If we keep that way then we are going to get better approach and results. Obviously it is not going to be easy, because it takes time for us to get there, but it is still quite good result for all of us to prioritize ourselves. Exchanges only care about their profit so we should only care about our own money as well. It's the way we do things, everyone cares about themselves. So, do not invest in things exchanges list just because you think that will make you any money because there is a good chance it may not.

[o48o]

Yeah, exchanges do not care about these at all, they do not care about any of us, and that is just the way it is. We should really try to figure out a way where we put ourselves above what exchanges wants us to see.

If we keep that way then we are going to get better approach and results. Obviously it is not going to be easy, because it takes time for us to get there, but it is still quite good result for all of us to prioritize ourselves. Exchanges only care about their profit so we should only care about our own money as well. It's the way we do things, everyone cares about themselves. So, do not invest in things exchanges list just because you think that will make you any money because there is a good chance it may not.

I am not even sure where people get this idea where businesses should care about their customers. They are literally cutting profit from them with fees and that's the reason they exist. Only things that make them seem to care about anyone is because they have to follow regulations and they can't just exit scam with profits without repercussions.

This was even more clear back in time when CEX:es were unregulated and they listed literally every coin that paid to them. And there were many as there wasn't DEXes yet.

[yhiaali3]

Why would they ban it? Do you think centralized exchanges really care whether meme tokens steal people's money?
Of course not. They only care about making more profits.

[Stable090]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

Do you think most of this exchange cares? Most of this exchanges are ready to list your coin as long as you can pay them, thats why when we are trading, we should make sure we are making use of reputable exchanges, and we should avoid all this shitcoins. Reputable exchanges also list rubbish coins, but it’s not that much compare with all this exchanges without reputation. People that owns exchange are doing it for the sake of money, so all what they want is money, if you can pay them, then their is no problem, your coin is going to be listed on exchange.

[vadranov]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

Because there are some exchanges where, as long as the project applying to list their coins provides the necessary requirements, they get approved right away.
This is because certain exchanges are only after profit, not for any other reason.

That’s why caution should always come from our own decisions as traders when creating an account on an exchange to carry out trading activities,
regardless of which coins we plan to buy.

Yep, agree sir, it's hard truth of the business model. Exchanges are platforms, like a marketplace owner renting out a stall. As long as owner follows the basic "rules", they're in. The exchange gets its listing fee, and then profits from the trading volume. Exchange can easily wash their hands. They are fundamentally capitalizing on the exact same greed and FOMO that the meme token creators are.

[markm]

The exchanges might be forced to be "hands off" about the legality and ethics of things they "carry", much like "common carriers" like Purolator would be liable for what people put in the packages they "carry" if they took to "inspecting" the contents and "censoring" some of what they find is in there.

I am not sure how much that kind of "common carrier" approach really applies to anything anymore though else why do the Facebooks and Wikis and such of the world not simply act as "common carriers" or "common media" with no responsibility for what people write on their sites that they then - blindly if truly a "common carrier" - transmit over the net to anyone who asks a copy of a page be "shipped" to them electronically.


-MarkM-

[Mahiyammahi]

I think the exchangers came to the market to do business. That's why they list meme coins. One thing to note is that meme coins are currently giving you the highest returns. If you are holding a fundamentally strong project, you will see that that project is currently suffering a lot because the ALT coin season is not going on. Especially the year 2025 can be said to be the meme coin season since Trump himself launched his meme coin.

[Kavelj22]

I think the exchangers came to the market to do business. That's why they list meme coins. One thing to note is that meme coins are currently giving you the highest returns. If you are holding a fundamentally strong project, you will see that that project is currently suffering a lot because the ALT coin season is not going on. Especially the year 2025 can be said to be the meme coin season since Trump himself launched his meme coin.

Platforms exchanges list all the shitcoins in the market to obtain benefits from various fees. Those shitcoins don't hesitate to pay fees for listing on those platforms and platforms find this as an opportunity since there is no accountability for investors loss. At extreme cases they delist one or more tokens if they notice it will damage directly their reputation.

[Wakate]

Investing in memecoins can be profitable but also risky so you need to be smart and make your decision right before ending up losing money to scammers. There are thousands of scam projects especially memecoins that are launched in the crypto market to allow investors to put their money so that they can run away with investors funds turning the project to rug pull.

[bogdanb]

I have seen on Binance that they now put a warning when a token is high risk for trades, this is a very good thing. As soon as the person clicks on the token's trade option, a large window appears with a warning and the person must click on accept to trade. This way, they prevent people from buying extremely volatile tokens without being aware of it.

Yes you are right. Binance is very good in terms of security and also gives different types of instructions when buying tokens at different times. When buying high-risk ones, Binance gives an instruction for confirmation, this is a really good medium that no other exchanger has.

[JeffBrad12]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

Big exchange accepting ranodm meme is definitely a problem but we need to differentiate between stealing and speculation.
There are memes where dev didn't hold any allocation anymore since they sold early and it's fully managed by community and no entity holding too much of the supply, one example is doge coin.

Exchange of course allows them because they have good volume. After all it's money in front of their eyes but as long as they're not listing rug meme token I'm fine with it.
It can tarnish their reputation but since they keep listing it I bet the money generated worth losing the reputation.

[gunhell16]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

They don't steal money from investors. Everyone has their free will to invest to meme coins and that's what they're doing. If it means being stolen, then these investors are the ones allowing it to happen. As for exchanges, they mean business so as long as they see that there is a volume for these meme coins that are asking for listing, they'll have it. It's only about the money that they're going to get from these projects, nothing more, nothing less.

When you want to invest in any cryptocurrency projects, you must fully understand the risks of losing your money, unless you are investing on a more reputable coins like Bitcoin and the few others, but anyone that want to invest in memecions, you should be aware that memecions have higher volatility and risks level to stand with, so don't blame the project or exchanges all of them are in the business to make profits too, blaming them when you is not right after reading the rules of the high volatilities in memecions class.

I also agree with what you're saying, because if investors just stick to this principle, I'm certain that the number of people who fall victim to scam altcoins in the crypto space we're operating
in will at least be fewer.

That's because if a problem should arise with the investment we chose, there's truly no one else to blame but ourselves, not anyone else. In short, every action we take will be the result
of the decisions we make. So, let's be risk-averse (or diligent) so that the money we use for investments in cryptocurrency will have a positive outcome

[Hedis]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

Big exchange accepting ranodm meme is definitely a problem but we need to differentiate between stealing and speculation.
There are memes where dev didn't hold any allocation anymore since they sold early and it's fully managed by community and no entity holding too much of the supply, one example is doge coin.

Exchange of course allows them because they have good volume. After all it's money in front of their eyes but as long as they're not listing rug meme token I'm fine with it.
It can tarnish their reputation but since they keep listing it I bet the money generated worth losing the reputation.

In fact, community demand and high trading volumes often become a source of income for exchanges as trading fees deposits and withdrawals flow all benefit them. Some meme tokens are truly community driven and have no centralized allocation such as the early example of Dogecoin but the problem remains that many new tokens have unclear tokenomics liquidity locks or contract ownership issues and can be used as rag pulls or rag plays. In my opinion, the smart move on the part of users is to look at the tokenomics behind listings check for liquidity locks see if there are any contract renunciations and never invest large sums just based on your FOMO.

[Hispo]

Why some biggest exchange allow some meme tokens which clearly steal money from their investors?

Exchanges are businesses, so they need to find some way to make money from their clients/users, exchanges make money out the volume of transactions being carried out in markets/pairs offered by them to their clients/traders. When a memecoin is released and goes viral exchanges see such phenomenon as an opportunity for them to offer that coin in their platform in order to collect money in form of fees per swap/trade. That is how it usually works, so if you see a exchange listing memecoins which could be devious, it is because the simple reason of trying to monetize and profit out the enthusiasm for that memecoin.

In the end, it does not matter if the coin falls in value and the team pull the rug under it's investors, exchanges would have already made money while the memecoins was at its peak of volume.

[justdimin]

Exchanges are businesses, so they need to find some way to make money from their clients/users, exchanges make money out the volume of transactions being carried out in markets/pairs offered by them to their clients/traders. When a memecoin is released and goes viral exchanges see such phenomenon as an opportunity for them to offer that coin in their platform in order to collect money in form of fees per swap/trade. That is how it usually works, so if you see a exchange listing memecoins which could be devious, it is because the simple reason of trying to monetize and profit out the enthusiasm for that memecoin.

In the end, it does not matter if the coin falls in value and the team pull the rug under it's investors, exchanges would have already made money while the memecoins was at its peak of volume.

The entire point of having a business is to make money, there is literally no other reason. If the point is not to make money, then it's called a non-profit and becomes some sort of charity people donate to. So exchanges can list whatever they want, as long as they think it will make them money, there is a risk ratio too, so they delist things that do not have proper volume and do not make them enough money and in some cases like Monero, they even delist things with volume.

So they check plus/minus columns and if it makes more profit than the risk it carries, then they list it. It can be the worst shitcoin meme project you have ever heard of, as long as it makes money for them, they are not responsible for your investments going down, they are only responsible to keep it safe and not hacked or stolen.