Quote from: crypto_pj on March 26, 2019, 10:51:12 AM

Quote from: eshby on March 25, 2019, 04:46:42 PM

Quote from: crypto_pj on March 24, 2019, 11:12:06 AM

OK so I may be accused of impatience, but I've no doubt we're all still wondering when (if ever!) Galilel will get listed on CoinMarketCap?

I think it must be several weeks now since it came to light that CMC had apparently overlooked the fact that Babyface sent answers to all their questions months ago, yet we haven't heard another word from them.

One thing that concerns me slightly (and I would be grateful if someone from the team could provide an answer to this) is that this morning, when doing a bit of research into other cryptos, I read somewhere that to be listed on CMC they require your token to have a minimum trading volume of USD$5k per day. If that is the case then that may explain why we have yet to get listed - alternatively what I read could simply be inaccurate and misleading.

Anybody? Huh

There is a volume requirement. However CMC itself doesn't put a specific number on it. All they say is they don't consider fake volume to count against it (which by my assessment can not be true, since plenty of projects with obvious insane fake volume get listed). Currently it probably comes down to volume which we have no influence on. Sadly everytime we submit the requested information we get a copy/paste reply that someone from CMC will look into it and come back to us. As you might guess it's not possible for us to ask what they specifically think is missing so it's all a guessing game for us too. However seeing that they list forked projects with no inhouse developer at all we guess it is volume.

I understand that people get impatient. Unfortunately remaining patient is all we can do since we simply have no control over the process. Also keep in mind that CMC doesn't just request simple one liner's with regard to information. By now Babyface submitted several times new information on their request which takes a good amount of time. So on his end this process is also connected to a lot of work

Thanks for shedding some light on the situation. Please don't misunderstand me - I'm not criticising Babyface or anyone else on the team...my (our) frustration is with CoinMarketCap (CMC). I am fed up with seeing so many projects listed on CMC that are widely recognised to be scams or very suspect at best. Galilel really seems to be stuck in limbo - a classic 'chicken and egg' situation - we need more volume but without a listing on CMC reaching the requisite volume (whatever figure that may be) on a consistent basis is going to be difficult.

Out of interest, can you please explain how volume can be faked? If I were to buy say 0.1BTC of $GALI and then on the same day sell it back to myself for less than I paid for it, obviously I would be taking a hit financially but it would get the volume up - surely that scenario wouldn't be classed as fake volume given that a genuine buy and sell has taken place? If a number of people did this then the daily volume could soon hit some respectable figures. The downside is that in a short space of time we could all have wasted our funds! Presumably there are sophisticated ways of doing this using bots that might help minimise your losses or even make some profits in the process? What is your (Galilel's) stance on this process from an ethical/moral standpoint? I must admit that I'm swaying towards 'if you can't beat them, join them'. We're a legitimate project with great prospects but are 'waiting in the wings' whilst the rest of the crypto show continues!

You gave the explanation yourself. You can see it in a lot of coins that it is a bot which does it. Galilel will not engage in such practices or pay third parties to do it. First it is illegal. Second we believe not everybody is stupid. I think this dissuades people who are genuinely interested in the project longterm when they see that the team engages in such tactics or doesn't condemn them just for short term success. Faking volume just to convey people a sense of safety is pure deception and imho reflects very poorly on the project itself. And when you arrive at this point it's not about CMC anymore but rather if this is a project that can be trusted. Besides that like I said it is illegal to do it.