Going back to 2017 scam ICO launchings, one thing for sure, sites like Coin Market Cap have played a very big role in promoting those scams. Yes they did it because they want money but one thing they should realize that this thing would lead to distrust of new people in crypto which would ultimately also close their shop as well.
Coin Market Cap takes a huge amount of money from those scammers.
When i contacted CMC, i got this email.
Hi, and thanks for reaching out! Our pricing is based on impressions:
Desktop Formats:
· Top Banner (728x90) - $14.00 per 1000 impressions
· Side Banner (160x600) - $8.00 per 1000 impressions
· Bottom Banner (728x90) - $4.00 per 1000 impressions
Mobile Formats:
· Top Banner (320x100) - $8.00 per 1000 impressions
· Mid Page Banner (300x250) - $6.00 per 1000 impressions [Coin Detail Pages only]
· Bottom Banner (320x100) - $4.00 per 1000 impressions [Coin Detail Pages only]
May promotion: 10% bonus impressions for orders of $25k or more
If these sites just go for some verification before promoting these scams, it would be very good for the visitors. Verification can include Mobile verification, Identity verification etc. These sites are an open image of crypto, if these sites just reduce their earned money by a bit and plan for long term then it would be beneficial for all of us.
Even with the owners and dev of projects, there almost no KYC or validation to determine if the project is legit or not. Sites like CMC do not bother to do any KYC because it will just add up to their expenses and time, making the price of service go up also. They might be look like cheap but that's how most businesses right now roll in the market. What important is that now we are aware that not everything we saw in the monitor, are true and subject to fact check.