2021 cryptocurrency exchange listing. Comparison of exchange trading platforms. Listing price
If at the very beginning cryptocurrency market was just like the Wild West with both gold and danger in equal numbers, now we have the crypto industry which is getting more and more structured. Serving as the main intermediary between projects and users, exchanges draw up various rules to assess listing process of new and other tokens.
Let’s try to figure out whether all this is for good or for bad, how safe it is for users, whether the listing is available for start-up promising projects, or whether all this depends only on funding allocation.
In our review, we’ll try to analyze operations of the top listing and IEO platforms in 2021.
1. Binance launchpad
2. Coinbase
3. betconix launchpad
4. Uniswap
5. EXMO vote
6. Huobi
Continued…
1. Binance launchpad
With digital finance, getting your coin listed on a cryptocurrency exchange is essential for launching a blockchain project. In other words, you don’t want to underestimate a cumulative impact of approval gained from a solid platform with millions of users.
Binance, and thus its platform Binance launchpad, is the leader among cryptocurrency exchanges and a desirable target for many projects.
User security
The security level of the platform is quite high. All the projects going to the exchange undergo a close audit check.
Platform options and functions
Admission of participants (users) to listing has a lottery format, but you can only get lottery tickets using the Binance token, BNB. In particular, your average daily stock of BNB is calculated.
For example, if you have 320 BNB of your average daily stock for the specified period, you can request on purchasing 6 lottery tickets.
For more details, go to: https://www.binance.com/en/support/faq/5e78594231d449afbc372a5c18c21c2c
Drawbacks of the platform
According to numerous users, the main drawback is the lottery format of participation.
One more drawback lies in the the fact that despite the project’s functionality and popularity, funds play pivotal role for any project aiming to get listed on Binance.
At the same time, the final decision whether to add the project or not remains with the exchange in any case. It may indirectly indicate the possibility of resolving the finance issue.
To submit a project for listing on the binance crypto exchange
( https://launchpad.binance.com)
2. Coinbase
Coinbase is one of the most acclaimed exchanges in the world and the second world top rated platform. The platform operates mainly in the United States.
User security
The security level of the platform is quite high. All the projects going to the exchange undergo a close audit check. Plus, all projects must conform to legislation of the US.
Platform options and functions
Admission of participants (users) to listing is free.
For projects, there is a need to learn the platform regulations, and check the project for conformation to legislation of the US. After that the application can be submitted.
Drawbacks of the platform
One of the drawbacks is a high listing price which is set regardless of the functionality and productivity of the project. The final decision always remains with the exchange.
It’s difficult for projects from other countries to conform to the US legislation.
Users from a small number of countries get guarantees only. By and large, if you are not a US citizen, it will be difficult for you to get any compensation.
To submit a project for listing on the Coinbase crypto exchange
(https://assethub.coinbase.com)
3. betconix launchpad.
It is one of the most start-up exchanges in the list. The exchange is recognized as 2021 fastest growing cryptocurrency exchange.
The exchange operates simultaneously within many jurisdictions and has a crypto currency license recognized by many countries. The exchange’s headquarters is located in the Czech Republic. The primary audience is Europe citizens.
The very approach to conduct listing and IEO is interesting. The exchange conducts all standard verification procedures, but the final decision always remains with the exchange users.
User security
The security level is quite high which is confirmed by a number of certificates given by world audit firms. Projects aiming to get listed on the exchange undergo a close audit check both under the exchange itself and under third-party audit firms. The report is publicly available. Moreover, the 300BTC insurance fund is available for all the users registered with the exchange.
Platform options and functions
Having undergone the audit check, a project is put to voting where users can purchase the project tokens with or without a significant discount.
Different currencies are available for voting including the betconix crypto exchange token, the BNIX token.
The big plus is that it’s no use for projects to try financially stimulate the exchange, it will not help them to get listed. It is better to spend the available funds on technical improvements that can help to attract users.
In reality, the last word remains with users. Given a close audit check, it’s the best option for invasive projects which tend to spend money on the technical part rather than on marketing.
And the most important thing for users is that they make a double profit: first they buy a token cheaper than the market value at the voting stage, and then they can make profit by selling it after the listing.
Drawbacks of the platform
We see a relatively small audience as the biggest drawback of the platform. At the moment the user number is only about 200,000 people. But the exchange is growing very fast and the number of users goes with it.
To submit a project for listing on the Coinbase crypto exchange
By the way, the platform is also recognized as the platform with the best support service in the crypto market. Both users and projects took part in the test, and in both cases support service of betconix hit the podium.
To submit a project for listing on the betconix crypto exchange
4. Uniswap
I think our list would not be complete without at least one decentralized exchange.
User security
The security level comes from the decentralized protocol.
The platform is not responsible for the tokens submitted.
Platform options and functions
Projects go to the platform and provide token liquidity in ETH.
Right after the listing is complete all users can participate indeed.
There are two types of listing available: the standard listing and the listing of the main tokens. The last one is for projects with high market capitalization, high liquidity or high trading volume.
The platform is a good start for new projects.
Drawbacks of the platform
As for drawbacks, there is no project audit check.
To submit a project for listing on the Uniswap crypto exchange
(https://app.uniswap.org/#/pool)
5. EXMO vote
It is the leading crypto exchange in the CIS region. EXMO is a reliable proven exchange with a listing system similar to systems of other platforms — voting via tokens.
User security
It has a good security level. Its projects undergo a preliminary audit check.
Platform options and functions
The project is admitted after a preliminary analysis is conducted. All users can vote for a project. Only the exchange tokens can be used for voting. Participants can get bonuses under the Airdrop Program.
Drawbacks of the platform
The primary audience is CIS citizens. Also, many users complain about restrictions of the voting system in respect of the number of tokens.
To submit a project for listing on the Exmo crypto exchange
(https://vote.exmo.money)
6. Huobi
Huobi is a major Asian digital asset trading platform with statistical modelling used to facilitate decision-making in respect of candidate coins.
User security
The level of reliability is high. The platform uses the Prime and FastTrack systems to assess projects taking into account around 100 factors including thoughtful assessment, long-term pricing, team image, reasonable token savings and community support service.
Platform options and functions
As a drawback we see a high listing price.
Moreover, they pay more attention to the financial potential of a project rather than its popularity and functionality.
To submit a project for listing on the Huobi crypto exchange
(https://www.huobi.com/ru-ru/application-center)
In the next article, we will look at the listing on Kraken, OKEx, Betfinex, Bithumb, Yobit, Lbank, Bitforex, Exrates. We will also tell how to list your own project.
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