Post
Topic
Board Altcoin Discussion
Re: Old crypto ways fades away easily
by
Cnut237
on 11/05/2020, 15:08:34 UTC
if the following doesn't happen well may God help you

1. List on top exchanges like OKEX, Binance or gate.io
2. Coin already trading and have good volume
3. Promotion has very limited reward for promoters
4. Highly demands for the coin or token

I don't know. The demand for instant profit is what forces at least 1-3 above, and probably 4, too. And the possibility of instant profit has no bearing really on the overall quality and potential of a project. The reason I pulled 4 in there too is that a lot of demand is driven by seekers of instant profit.

It is possible to have a fantastic idea with a fantastic use case that is truly game-changing, and yet not have any of 1-3 above, which in turn lessens 4 as well. I read that it costs $500k to get listed on Binance. Really if a young project has a lot of potential, they should put that money into development rather than placate the demands of traders.