Post
Topic
Board Tokens (Altcoins)
Re: WINGS ★ Where DAO Unicorns Are Born! ★ Token launched!
by
wwzsocki
on 05/11/2019, 08:26:11 UTC
...The most important question to answer is about the latest volumes and liquidity for Wings on Bittrex?...
As far as I know, the volume had been low for a long time. But Wings is not the only coin with this kind of problems, lots of other altcoins suffered in this bear market

Coins like Bitsend, Pivx and many others which suffer because of low volumes are massively delisted from crypto exchanges. If there is not enough buying and selling exchanges don't make enough money from the fees to keep maintaining such altcoins. This costs a lot of time, effort and money of course.

During the bubble, a lot of exchanges made money on listing fees, airdrops and other promotions from which they always got a cut. Today everything changes and exchanges add more products only because they look for new ways to make some additional profits because only fees from trading as we see is not enough especially in a bear market. This is why so many exchanges had problems last year and got "hacked" accidentally, in my opinion, 95% of these hacks was insider job or exit scam.



Luckily Wings are still listed on Coinex with 300K USD daily volume and this is nothing compared to 40 million in daily volumes during the bubble or 10 - 15 million just after. If Okex will delist Wings this can be the end for this project when it comes to liquidity, demand, and price of course. Sorry to say but have seen this already a couple of times and Wings are on the exact same path. The other exchanges are not trusted and as you can see nobody uses them, no volumes for Wings there at all.