Have you ever thought of this before?
When I first heard of IEOs from smaller exchanges, I thought they were simply catering to one of the demands of ICO investors which is immediate exchange listing.
Then came the bigger centralized exchanges like Binance, Bittrex, and Kucoin. It somehow made me wonder why would they open up their platform to crowdfunding. Maybe because they also think that the ICO market is dying? If so, then that would mean less new projects. With less new projects, less potential source of income (listing fees).
So in the end, it is still all about the $$$. These exchange are probably afraid of losing one of their major source of income
What's your take on this?
i never think in this angle its really valid point . Yes it looks like exchanges donot want to loose their potential earning or income from new listing . It may be the reason for new IEO . I am strongly IEO , ICO for a time being atleast for in this decade we dont need much crypto project to be funded . There is enough projects out there to support . Some of them like NEM recently had financial crisis.When I first heard of IEOs from smaller exchanges, I thought they were simply catering to one of the demands of ICO investors which is immediate exchange listing.
Then came the bigger centralized exchanges like Binance, Bittrex, and Kucoin. It somehow made me wonder why would they open up their platform to crowdfunding. Maybe because they also think that the ICO market is dying? If so, then that would mean less new projects. With less new projects, less potential source of income (listing fees).
So in the end, it is still all about the $$$. These exchange are probably afraid of losing one of their major source of income
What's your take on this?