Seeing several CEX events that encourage investors to participate in deposit to list events makes me wonder what's in it for the exchanges and how they manage to end up not listing the tokens in some instances.
Their intention is quite clear. Get as many people as possible to register for the exchange, pass KYC and make deposits that leads to increased trade volumes which translated to increased trading fees. It's always about just profits
How would you explain what deposit to list entails to a novice? And would you encourage a novice to participate in these events?
I Think almost all exchanges have guidelines about deposit to list, especially whenever they announce the event.
I would not encourage anyone to participate in them. It's just a marketing stunt.