Post
Topic
Board Altcoin Discussion
Re: Shit Exchanges, an end to good projects.
by
Moeda
on 03/11/2019, 22:18:57 UTC
It is almost impossible to believe that after developing a good project which might likely succeed because of the product, some so-called developers and teams will still go ahead and list in a shit exchange all in the name of reducing the listing fund or all in the name of no fund to list in the big exchange, if you cannot afford good exchange, why not continue with the development of the project to be able to attract the right investors, why rush to a shit exchange. So many projects that could have succeeded have been buried by shit exchange, and if you care to know, you are the reason why we still have shit exchange because the owners of shit exchange knew that some daft developers and team will surely come and list their projects. Why will someone prepare a good meal and then decide to keep it in a cabinet full of cockroaches? Wake up.

Maybe we often see new projects after completing ICO and IEO, they register for exchanges that are classified as low, or do not have users. Yes, I think it's true what you said, after all this time running the project, then their ending made it to an exchange with no users. This will make the token die in the exchange. But signing up for an exchange like Binance is also very difficult. Because of exchanges like Binance many coins are listed, so it takes a long time to do it.
Getting to an exchange that are classified as low was decided by the developers itself, if the project is really aiming to have a good reputation, they will start by listing their coin in a good exchange. Most of the project these days are listing their coin in not so popular exchange because the fees for entering the exchange are low compared to other popular exchanges.
Maybe for those who register their tokens or coins on a low exchange due to initial cooperation. Every new project, of course they are looking for partners. If the partners are from an unpopular exchange, do they have to leave the base partner. Because not all popular exchanges are willing to support or cooperate with new projects.

Listing in a reputable exchange will get a huge chunk of the financial funds of the project. So if the project has very lil amount of money, they can't afford to be listed in a good exchange, that's when they resort to substandard exchanges, which is not favourable in the long term.But if the team is serious, they can always opt to bring their coin to a better one later on. If in case, their project will not be a success in delivering their mission, then, more than likely they will slowly die in that substandard exchange.

Many projects listed in popular exchanges also die. Dead or no, not based on where they listed the coins, but the seriousness of the team in running the project. In this case the team's target must be clear in carrying out the project. Not just register to exchange, then they leave.