Post
Topic
Board Altcoin Discussion
Re: Most new ICO/IEO projects are new crypto trading platforms
by
fullhdpixel
on 23/07/2019, 07:44:18 UTC
While I was scanning through the bounty board section to find a good ICO/IEO to participate and earn a few bucks, I noticed most of these projects are creating/building cryptocurrency exchange. That means it will be a trading platform. All of them promising to be the best exchange ever. All of them showing that none of the present exchange has features like them, what they will bring once successfully raise funds.

Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?
When you see projects like such, I think is best you just dust your slippers and fly away from them because they will end up failing. You look at it from your own end, how many trades and volumes do we have right now that really requires everyone opening exchanges, if most projects are opening exchanges, then who would trade on it. Will the users of Binance, bittrex and all these top exchanges you mentioned ever move their coin from a trusted one to an exchange they do not trust.

They say that the devil you know is better than the angel you don’t know, these people use the tactics of promising to give a better feature to lure people into their exchange, and then when you get there, what you find is rubbish or repetition of what the older exchanges has already incorporated into their platform.