Most new projects listing on CMC are now having _____ AI name, for example AkitaAI, StableAI etc, there is nothing to be expected of these new projects, they are here to grab some attention that won't last and they will make tons of money doing so, it's always the money race.
The question is "why is CMC allowing those perceived scam projects to be put on its site?" While starting out in 2017, the CMC was always my point of reference for this industry. Any coin I didn't find there was classified as a scam coin. There were some purchases I made solely based on their listings on CMC and not because anyone hyped them. Now, seeing that many scam projects are getting there and site owner is not bothered but only concerned for monetary gain is not just heartbreaking but appalling. For me, I won't touch anything Al is in it with a pole. I bought into one Al token last year but it's value is almost at zero level now.
I think that there are some requirements before you can put your token on CMC and I believe that it is much harder than coingecko where most DeFi token is listed there. Coin market cap won't make their coin listing website a trash by asking money from other just to list them despite of a scetchy background. As far as I know tthere are certain requirements like daily trading volume, being listed on a public exchange as I've did a simple search in this forum. I don't know if it was updated or changed since it came from 2018. There are many scammers that are really smart and dedicated to scam you people that's why they are doing there best to pretend trusted and utilizing any trend that will encourage you to put your money into them.
It was listed on the FAQ:
What is the criteria for a cryptocurrency to be listed on CoinMarketCap?The criteria for a cryptocurrency to be listed is the following:
- Must be a cryptocurrency or a crypto token.
- Must be on a public exchange with an API that reports the last traded price and the last 24 hour trading volume.
- Must have a non-zero trading volume on at least one supported exchange so a price can be determined.
- For market cap ranking, an accurate circulating supply figure is required.
If you'd like to have a cryptocurrency listed and it meets all of the criteria, please fill out the request form.
https://coinmarketcap.com/faq/