Exchanges Implement Low-Cost Voting to Determine Which ICO Tokens to List
The post-ICO success of many tokens is dependent on whether, and how quickly, they can be added to exchanges. Tokens that previously traded only on informal over-the-counter markets can see big surges in price when listed on an exchange. Therefore, there is a great deal of pressure on the founders of ICO-funded projects to list their tokens on digital currency exchanges so as to increase the tokens’ value and provide investors with a potential exit. Yet there are a number of complexities in the process.
There are far too many tokens seeking to be listed, and there’s no way that any exchange can keep up with every new ICO. Exchanges must be somewhat selective in order to keep from being overwhelmed. They often have to do some work to successfully integrate a new token, and due diligence may also be required to ensure the tokens they list aren’t scams.