Listing a token on the exchange: how it happens and how much it costs.

in #bitcoin6 years ago

If you purchase tokens on an ICO for the purpose of later selling them on the stock exchange or you display the project, there are several things to remember:

control regulators intensifies, many cryptocurrency exchanges try to avoid listing the token-securities.
liquidity is crucial. It is necessary to invest in something (or strive for) that will potentially be bought, in demand.
the project team, lawyers and financiers of the company should look quite professional in the eyes of the exchange.
The official token you can always buy on the web-site of the project, but it is hardly possible to sell there at a profit. Listing a project on the stock exchange usually raises its price to 25%. Startups can't get to all exchanges (it can be long, expensive and the specifics are different).

You may come across the hashtag #WhenPolo , which refers to the question "When the token moves to the listing (originally Poloniex)?»

Criteria

It will be necessary to prove that your altcoin is useful, has value and liquidity. You can't just create a new coin and expect people to appreciate it. The most successful violas have something else. That is, you need to create demand.

If there is a demand, it is necessary to prove that the coin is protected. There were cases when the project was able to insert malware into its client and it was installed on the stock exchange. The project code most likely needs to be open and verified.
It is easier to start just from the exchanges on a lower level that belong to the listing is relatively easy. Some exchanges do it for free.

When the coin becomes more popular, you can move to larger exchanges, up to the strictest, such as Coinbase. The price per listing will be higher. For example, Bittrex takes from 3BTC.
Please note that not many coins even go to step 3.

Small exchanges

Less popular exchanges, such as EverCoin, EtherDelta, do not require much information. The listing of erc20 tokens is very simplified because there is no need for a separate wallet, as all tokens can use the same one. If your coin is not ERC20, you need a project on GitHub (hosting for projects) that allows you to create a wallet.

The process of adding tokens on a decentralized exchange EtherDelta free, not need any permission.

Any Ethereum-based token can be imported as a user token and is available for trading. To get to the official list on the sidebar, you need to write the following data to the technical support of the Zack user:

a. Token address (code must be verified on Etherscan).

b. Official website (the address of the token should appear on the official website for verification).

c. Small paragraph with a description of the token.

Listing on Poloniex

On the official website of the exchange it is written:

"We do not have a certain set of criteria, because each project is unique. We listen to the community and choose projects that we believe are unique, innovative and interesting for trade."

If your coin does not exist only on paper and has a real demand, you will not have much difficulty listing. Poloniex warns that they can't make a list of coins that can be equated to securities. On their web site openly referred to Test Howie. Read more about this in the article about the launch of the ICO.

Managers and other developers coins must have a fully verified account on Poloniex. The exchange does not require payment for listing, so you do not need to spend money to place a token. The process is relatively simple.

Token listing on Bittrex.

Bittrex is a large and serious exchange, so it has a more rigorous process of placing coins. The Bittrex website says their team places a small amount of coins per week, picking the best ones.

Previously, Bittrex offered an interesting opportunity: additional lighting coins for 3 BTC. This feature is not currently offered.

Like Poloniex, they are also strictly prohibits any token, which can be considered a security (securities), for example, currency, which promise profit to the holders or are shares of the company.

Bittrex will charge a fee for considering the token, explaining that the new coins are complicated to research and require evaluation before listing. The exact figures are not known, can reach $ 5000, on the forums claimed the amounts in 10 BTC.

The following information is required to submit A bittrex request:

The name of the coin,

Extended verified account: a team member or shareholder who owns more than 10% of the company must verify their identity with Bittrex.

Coin description: what makes the project and its token different from others? The Bittrex website warns:"If a token is viewed by the community only for speculation, you will not be listed As a bittrex token."

Cut coins, a three-letter Ticker that will always represent your coin.

Logo in PNG format with a transparent background.

Launch date.

Link to Gitub to view the source code.

Additional questions: maximum issue, other exchanges where the token is placed, official blockchain explorer, Commission fees, results of fees, links to social networks.

For the tokens on the blockchain ETH also need your address smart contract.

The process of listing coins on the stock exchange varies greatly depending on the project and the uniqueness of the currency. But in General, a strong team with a relevant product that does not hide information and builds an active community around itself should have a high chance of placing the token on any exchange.

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Very informative. You've got my upvote and follow

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