Crypto Memocuk retweetledi
Unpopular opinion post:
On Listing "Fees" (saw this a few times recently)
1. If you are a project complaining about listing airdrops or "fees" (to users),
Don't pay it.
If your project is strong, exchanges will race to list your coin.
If you have to beg an exchange to list, then... You need to ask yourself why, and who is providing value to whom.
2. If you complain about a competitor exchange's listing fees, then by all means, make your own listing fees 0, and be happy.
In fact, why not set all your fees to 0? including trading fees?
In a decentralized world, businesses are free to have their own business models. No one is forcing you to adopt a certain model.
Focus on treating your users well. Don't focus on your competitors.
3. If you are a bag holder of a coin, complain to the project. Not the exchange. Or use a DEX.
4. PancakeSwap doesn't have listing fees, and has very good volumes.
Further on this topic, exchanges adopt different listing models.
1. List everything on every blockchain. Most tokens are scams. Of the real "hard working" projects, most fail. Only a few projects will succeed.
2. Selectively list and make listing fee a revenue source. It's fine business model if you can attractive enough projects to list. Many small exchanges use this model, as they don't have enough trading fee revenue.
3. Selectively list. Ask for Airdrops to users. Security deposits, to make scams and failed projects more expensive to pull off. Protect users.
These models are not black and white, and many exchanges adopt a combination of them between spot listing, futures listing, alpha listing, web3 wallet buys, etc.
Work on your project, not other people. 🙏
Yazan 🇵🇸@YazanXBT
Why don’t you list #BNB then? Stop with the hypocrisy and double standards. Unless BNB (the third largest cryptocurrency by market cap) gets listed on Coinbase, your opinion of how another exchange should list cryptocurrencies is meaningless. Lead by example.
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