Post
Topic
Board Altcoin Discussion
Re: Is this a new development for exchnage tokens?
by
asriloni
on 27/11/2024, 14:11:32 UTC
There's no surprise when you see a token with a huge community from its inception even before it gains popularity and listings but it was really weird seeing a token getting a token after reaching $1 from 0.05. I was quite amused when I saw a community was being created for BGB holders and what's more amusing is that it's for people holding 100 BGB and above, they are even offering quite a huge amount of free tokens. Now that begs the question, why? Why give so much to create a separate community for an exchange token and what benefit does it bring?

I thought that if it's a part of NDA between the developer behind the token and the exchange site itself. It's like when you want to boost demand for your tokens. Airdrop your tokens to regular exchange users. I know it's amusing to you, but It's the best way to boost things like holders, volume, and hype.

A partnership with exchange sites could benefit the token. But, I worry there might be an insider. I often saw the insider bought the token before it's getting listed. So many CT have noticed this shady play between the dev and exchange site itself.