Post
Topic
Board Altcoin Discussion
Re: Gold-Backed cryptocurrency with Passive Income
by
yarik0409
on 02/07/2023, 21:52:25 UTC
This happens very rarely. If you initially had no budget to launch it on a well-known exchange, it is unlikely that this budget will appear in the future. I can not remember a single well-known project, which would have started its path, first with DEX of the same level as pancake, and then got a listing on binans, kukoin, etc.
Oh I think theres a lot out there started with dex like pancake, and uniswap got started with dex. Especially some memecoins or some airdrop retro projects with literally have potential or honestly speaking got some monster volume. Its all about huge volume. Right now, there are potential projects that are gonna list with the likes of Binance with no charge. Ive been staying on dex mostly so I knew which one is started there and suddenly listed on big cex. Mask, people, shiba, pepe, bkex, yfi, comp, ape, crv and many more. These are highly unknown before and only lurking on dex. So how come it rarely happened. These projects rarely pay off listing fee and only listed by cex on their own accord. Want some potential listing insight? You heard of pendle finance? Not listed on major cex but only on dexes. Im not gonna suprise, one day Binance will list and other big ones. Its not just about how they start but how impactful they leave marks on community. Thats how hype and potential projects on dex become a cex aces.

I agree, there are some projects which start their way on DEX and end their way on Binance. For example, PEPE project made such way just recently and it took only 1 month to do it. This is an incredible result. We are talking about individual cases that break the standard perceptions, but if you look at the whole situation, many projects that start their way on DEX, they end up there, or go to CEXs, which are little-known compared to those CEXs that we are used to hearing about.

I agree with you, that if we use probabilities, then statistically 99% of projects listed on DEX are scams or have no strategies to build up their project. However, you chose this criteria to analyse my project. I think this criteria means nothing and doesn't help analysis, because you can say that any project that lists on DEX first is useless. It's a lazy way to do research. As a psychologist, such an approach is most common among people, as they prefer easy automatic processing.

Instead, it's important to check all the information about the project, people behind it, roadmap, watch explanation videos made by developers (there are hours of content about our project explaining every little detail) and ask developers doubting questions. Weigh the info against the statistics and then make your own decision. This is a harder way, but critical thinking will help you find real gems and avoid scams.