How do all these alt-coins get listed on exchanges? - Cryptocurrency Reporters - A Light To Cryptocurrency World

Sunday, 1 April 2018

How do all these alt-coins get listed on exchanges?


I am genuinely asking this question as I'm looking into this for myself and have hit nothing but roadblocks. I'm pretty crypto-ignorant and in the process of trying to educate myself I accidentally created a blockchain and now have a community of about ~400 people I'm looking out for. Getting listed on an exchange isn't a top priority for us, but it is one of those things that every coin is expected to do.My coin's community consists almost solely of skilled game developers and we're now starting to look at what it takes to be listed on an exchange, but we're basically a shitcoin that magically got more support than it should have. We have essentially zero capital, zero plans to ICO or raise other investment funding, and are solely focused on maintaining our community and building our coin's utility.In our quest to find even someone to entertain the idea of listing us, we've been constantly met with either ridiculously high listing fees, requests for some seriously invasive personal information without any security measures in place for storing it, or other absurd hurdles. Even brand new exchanges' barrier to entry are at 1 BTC or higher.We've raised about $1000 in hopes to get listed on a new exchange currently in development. Other than that, we've been hoping to find exchanges that list coins for free. Most sites we've found that seem reputable and trustable that list for free also have some pretty odd barriers. For example, the adding a suggestion for community voting process for Next.Exchange seems to be broken at the moment, failing for some unknown technical reason. This seems to be pretty common everywhere, where everything looks good but yet the act of hitting submit just doesn't work.Yet all the time our community hears about X or Y coin that has half the development effort, zero funding, zero utility, and are clear cash grabs suddenly being listed on exchanges. Applying to these exchanges that they've joined have also been blocked by either the literal inability to submit a request or sudden listing requirement changes that come out of nowhere.Honestly, we would be happy if an exchange would just reply and say "no, yall are idiots, obviously we won't list you." A rejection letter at least means we've tried and failed, as opposed to not even knowing if we're trying correctly.So once again I ask, how are alt coins constantly getting listed on exchanges? Is there some secret process or club that we're not privvy to? Are we forever doomed because we didn't convince a bunch of people to hand over a shit ton of money on the promise of some obscure utility?At this point I kind of feel like "old man yells at cloud" but I'd be remiss if I didn't try to seek clarity on the subject. via /r/CryptoCurrency https://ift.tt/2pTAPSA I am genuinely asking this question as I'm looking into this for myself and have hit nothing but roadblocks. I'm pretty crypto-ignorant and in the process of trying to educate myself I accidentally created a blockchain and now have a community of about ~400 people I'm looking out for. Getting listed on an exchange isn't a top priority for us, but it is one of those things that every coin is expected to do.My coin's community consists almost solely of skilled game developers and we're now starting to look at what it takes to be listed on an exchange, but we're basically a shitcoin that magically got more support than it should have. We have essentially zero capital, zero plans to ICO or raise other investment funding, and are solely focused on maintaining our community and building our coin's utility.In our quest to find even someone to entertain the idea of listing us, we've been constantly met with either ridiculously high listing fees, requests for some seriously invasive personal information without any security measures in place for storing it, or other absurd hurdles. Even brand new exchanges' barrier to entry are at 1 BTC or higher.We've raised about $1000 in hopes to get listed on a new exchange currently in development. Other than that, we've been hoping to find exchanges that list coins for free. Most sites we've found that seem reputable and trustable that list for free also have some pretty odd barriers. For example, the adding a suggestion for community voting process for Next.Exchange seems to be broken at the moment, failing for some unknown technical reason. This seems to be pretty common everywhere, where everything looks good but yet the act of hitting submit just doesn't work.Yet all the time our community hears about X or Y coin that has half the development effort, zero funding, zero utility, and are clear cash grabs suddenly being listed on exchanges. Applying to these exchanges that they've joined have also been blocked by either the literal inability to submit a request or sudden listing requirement changes that come out of nowhere.Honestly, we would be happy if an exchange would just reply and say "no, yall are idiots, obviously we won't list you." A rejection letter at least means we've tried and failed, as opposed to not even knowing if we're trying correctly.So once again I ask, how are alt coins constantly getting listed on exchanges? Is there some secret process or club that we're not privvy to? Are we forever doomed because we didn't convince a bunch of people to hand over a shit ton of money on the promise of some obscure utility?At this point I kind of feel like "old man yells at cloud" but I'd be remiss if I didn't try to seek clarity on the subject.

I am genuinely asking this question as I'm looking into this for myself and have hit nothing but roadblocks. I'm pretty crypto-ignorant and in the process of trying to educate myself I accidentally created a blockchain and now have a community of about ~400 people I'm looking out for. Getting listed on an exchange isn't a top priority for us, but it is one of those things that every coin is expected to do.

My coin's community consists almost solely of skilled game developers and we're now starting to look at what it takes to be listed on an exchange, but we're basically a shitcoin that magically got more support than it should have. We have essentially zero capital, zero plans to ICO or raise other investment funding, and are solely focused on maintaining our community and building our coin's utility.

In our quest to find even someone to entertain the idea of listing us, we've been constantly met with either ridiculously high listing fees, requests for some seriously invasive personal information without any security measures in place for storing it, or other absurd hurdles. Even brand new exchanges' barrier to entry are at 1 BTC or higher.

We've raised about $1000 in hopes to get listed on a new exchange currently in development. Other than that, we've been hoping to find exchanges that list coins for free. Most sites we've found that seem reputable and trustable that list for free also have some pretty odd barriers. For example, the adding a suggestion for community voting process for Next.Exchange seems to be broken at the moment, failing for some unknown technical reason. This seems to be pretty common everywhere, where everything looks good but yet the act of hitting submit just doesn't work.

Yet all the time our community hears about X or Y coin that has half the development effort, zero funding, zero utility, and are clear cash grabs suddenly being listed on exchanges. Applying to these exchanges that they've joined have also been blocked by either the literal inability to submit a request or sudden listing requirement changes that come out of nowhere.

Honestly, we would be happy if an exchange would just reply and say "no, yall are idiots, obviously we won't list you." A rejection letter at least means we've tried and failed, as opposed to not even knowing if we're trying correctly.

So once again I ask, how are alt coins constantly getting listed on exchanges? Is there some secret process or club that we're not privvy to? Are we forever doomed because we didn't convince a bunch of people to hand over a shit ton of money on the promise of some obscure utility?

At this point I kind of feel like "old man yells at cloud" but I'd be remiss if I didn't try to seek clarity on the subject.

No comments:

Post a Comment