Quote from: Silberman on April 23, 2024, 06:58:21 AM

Quote from: Ben Barubal on April 19, 2024, 03:26:07 PM

Is there an exchange today that doesn't have shitcoins? Isn't it true that even Binance also has shitcoins listed on them and if the weekly target quota is not met and the coins are immediately delisted, right?

So, that just means, even if a crypto is shitcoins, if it passes the criteria of any exchange, even if it's like binance, it can still enter because the exchange will make money there for sure.

Exchanges like any other business want to increase the profits they can get from their clients, and if they need to list and even promote shitcoins, that is what they will do, it is up to each person to realize what is happening and understand that by investing in those coins they are helping the developers of that coin and the exchange owners, while they become the losers which have to shoulder all the negative outcomes, making investing in those coins very unattractive to me.

In most times those are plan or agreement between the project owners and the exchanges. The project owners would pay the exchange to list the new projects and the owners would pumped money inside the project to attract people and those who are eager to make money would think that there is money in the new projects which has been listed in the exchange with market cap of $30 billions and because of that people would invest in it and when the time has reached foe the exchange to remove the coins from the exchange because the payment time has elapsed then they'll delist it.

And all those people that invested in it would lost their money so we should not be deceived by the shitcoins methods to attract people themselves through self sponsored projects.