Hello, I would like to ask, how the add crypto token to Centralized exchange (CEX) works?
I know you need to apply at first and if they think your project have good qualities, the will add your crypto to applied centralized exchange but I am interested how does it works mathematically.
When you launch token on decentralized exchange(DEX), you will add for example amount of 1 000 your tokens and 1 000 of BNB. And then is price calculated youtomatically by trades.
I know how does Bid-Ask works in CEX but how works launch?
You will have for example 1 000 000 of tokens and you would like to add 900 000 of them to CEX. You would like to launch in price 1 token = 1 usd. So you will send these 900 000 token to CEX workers and they will give them for price of 1 usd, and when all tokens will be sold in this price, users can offer them for higher and other buyer can buy them?
Thank you for explanation.