Quote from: crabby on January 27, 2020, 11:44:55 PM

Hi Everyone!

I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.

I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?

Cryptocurrency Exchanges are Still Listing Shitcoins

I can't wait to hear your thoughts!

There is no advantage disadvantage thing here. it's a complete capital market and everyone here is merely to mint money. Shitcoins raise some money for their coins and then later pay a certain sum out of it to shitty exchanges for listing them both of them are happy as the coin owners can now sell their coins on these exchange and exchanges are getting some money and certain volume along with it too. But this isn't a very big business these days and would soon end. If you want to get a list of exchanges recently added on any exchange have a look here: https://coinmarketcap.com/new/

Quote from: Coolcryptovator on February 01, 2020, 07:10:21 AM

Except bitcoin, almost coins are shit coins. They don't have uses except trading of exchange. However there is also few potential coins with good developer team and they are try continuously to improve uses. Exchange listing shit coins just because of fee, they need money, nevermind if its shitcoin. Because exchange has no loss for listing shit coin, traders will loser. That's why shit exchange list shit coins. Some reputed exchange like Binance doesn't list easily and their fees quite high. That's the reason why shit coins won't list on well reputed exchange (due to high listing fees and weak developers team). Just ignore shit exchanges so you will able to skip shit coins as well.

This isn't really true and if you think this then maybe you should realize that Bitcoin is the only currency these days which is used merely for trading on exchanges. Many new coins are actually having utility behind them and can't really be termed as shitcoins. just for instance ETH pretty much proved how smart contract can be useful for the world and enable creation of tons of ERC based tokens. ChainLink is also working on pretty much same concept and not to forget IOTA. I know so far results provided by any of these altcoins haven't been remarkable but leaving the first mover advantage there is nothing special even about bitcoin compared to altcoins.

Quote from: carlfebz2 on February 02, 2020, 11:41:00 AM

Quote from: BlackFor3st on February 02, 2020, 09:54:24 AM

Quote from: crabby on January 27, 2020, 11:44:55 PM

Hi Everyone!

I was recently browsing through Twitter when I saw BitMart list TSL. After digging around the internet for a while, I couldn't find anything. Not a website, github page, facebook page... nothing.

I wrote an article about this experience and I would love to hear what you think. Why do you think exchanges are still listing shitcoins? Do you think there are some advantages to having a bunch of shitcoins on an exchange?

Cryptocurrency Exchanges are Still Listing Shitcoins

I can't wait to hear your thoughts!

The benefits that they can get in listing shit tokens in their exchange is the profile especially if that certain token paid a good amount of money just to list that shit token for any reasons that they have. Everything can be paid especially in crypto space so this kind of happenings are only normal.

And there are cases also that they own that certain shit tokens, meaning they list it so if someone will try to buy it then they can earn. Other than that, I cannot think of other reasons why they are doing it.

Having lots of tokens or coins in their platform doesnt really guarantee that they would really get that listing fee unless if you are a known exchange then its just normal
but some do list out tokens without having some strict requirements.They list as much as they can hoping for those coins to build up volume.

We know that if an exchange build up huge volume would really correlate into its reputation.They list as much as they can with those several factors.

Actually exchanges with even minor volumes charge a lot for listing. The fees is enough to give the owners a pretty good profits. Reputation really don't matters to such exchanges as they know that they can never compete in the top tier.