Ninjastic
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Board Service Discussion (Altcoins)
Re: Why are exchanges still listing shitcoins?
by
Twinkledoe
on 02/02/2020, 11:47:21 UTC
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.

What do you mean by "doesnt really guarantee that they would really get that listing fee"? Exchanges which require listing fee will always get that money from those projects that wanted to be listed. They will not open the trading unless those projects fulfil the necessary requirements from their end. So those smaller exchanges will ask smaller fees or there are actually some exchanges that doesn't charge anything just to get some coins listed on their exchange. And hoping that there will be traders and get some profits out of it.