One of the reasons behind the cryptocurrecny projects is to convince investors into storing their tokens for the future. long term investments. thereby holding the tokens and avoid trading. currently, trading platforms are engaging into trading competitions apparently to promote their platform and also the tokens as well. Are their no effects of these to the community and the project developers?
It will give an impact, for sure. At least in the short term. It could increase the daily volume and no exception with the price. The token/coin being promoted will get attention as well. But if we talk about the impact for the long term, it will need a bunch of measurements. The developer behind the project for sure will play the big role for the future of their tokens. If they are good enough then the chance to exist in the long term will be there. Otherwise their projects will be forgotten. I think the community and developers are very welcoming with such competition. It gives a good marketing, they don't need to worry!