Token listing on the cryptocurrency exchange website is neither simple nor safe. Until I take you to token listing info, you should know that distributed token listing is close to selling your company in the share market. Because you know in every case, if your company is listed in the share market, then market capitalism will rise and bring benefits and investors to your business. Share market retains a fixed listing fee for company portals.
First of all, you need to know why you even need to list your ICOs on any Crypto Exchange Platform:
Where liability issues are the main concern about new projects on the Crypto-Market, the listing may solve the problem at some point. Popular exchanges like Binance, Bittrex, Huobi Global, OKEx etc and hundreds of exchanges are currently active site, act liability indicator. Millions of cryptocurrency trading through these exchange platforms that facilitate the process of exchanges between fiat and cryptocurrency.
The listing of ICOs is a mandatory factor for business growth. Listing the token on a reliable exchange platform will not only promote the development of the venture but will also draw investor interest. Other benefit benefits associated with reporting processes include company security, project protection, contract responsibility, etc. Cryptocurrency classification comes with several tangible and non-visible advantages. Some of the reasons you can quickly find out while many factors remain hidden in the market. You accept them, though, that your company will be improved after mentioning uncertain growth factors.
An exchange platform can provide a reliable buyer who is interested in your project. It also provides liquidity and reputation for your project. Consumer focus is based on credibility. The higher your rank on the Exchange Platform, the more popular your token becomes.
The listing of tokens on any reputable exchange platform is great for your company and good for your future business. Nevertheless, the listing doesn’t come at any cost.
No listing price–search for reality:
Most of the popular and reliable exchange platform says’ no listing fees.’ But the story doesn’t sound like its being imagined. They declare that the Exchange Platform will not ask for money for the token collection, but the inside infrastructures are slightly different from the book cover. The company policy does not directly accept any listing fees for any new project. Nevertheless, there are many different ways to pull money out of a newborn venture in the pursuit of other policies. I’m going to explain every program through which exchanges are receiving the listing price.
Charity Fund: Some of the major exchange sites called for bitcoin to be raised to charity. Although there is a listing charge for the newly introduced token, as specified in the rule, the listing price will go to the charity fund. There is no minimum price limit for the listing tokens.
Safety Deposit: Any trading site advertises the website with a marketing section “no listing charges” but calls for security deposits. The security deposit for voting is compulsory and can be refunded after the voting process has been finished.
No listing fees: Some reputed exchanged remove the token listing barrier. But in that scenario, voting will be tough, and multiple additional steps for project authenticity checks will be included in the listing process.
While talking about No listing fees, a reputed exchange’s representative said, “We don’t have a standard listing fee. Some 3rd party cost could incur such as compliance, legal and due diligence of the project when it comes to listing, depending on the complexity of the token structure and design.”
There are exchanges existing which do not charge a listing fee according to cointelegraph. “Kraken maintains a rigorous listing evaluation that incorporates a cross-functional team including Business Development, Kraken Intelligence, Legal, Compliance, Product and Engineering. As with everything we do, we have been deliberate in our listing approach to design a process with a strong rationale for new assets listed on our exchange.”
Maintenance fee: If your token is shown on any popular exchange website, it will be your responsibility to take care of your token. Newly introduced token on the market has a lack of attention; at least it needs time to grow. The exchange platform will regulate and maintain the performance or project while the listing is completed and the agreement is signed. Maintenance service is not free of change; this fee is requested at the time of listing.
Marketing fee: you may see that even after listing several coins, the marketplace could not attract attention. This is the marketing tool. Exchanges will offer the best marketing strategies to reach the door of maximum investors to enhance your business. So, at the time of listing, they ask for an advertisement fee for a website that will serve for a certain period.
An assertion has been confirmed by the U.S. Securities and Exchange Commission, which included $250,000 Listing fees for including the token in the exchange. That accusation was completely washed away while Exchange replied to the cointelegraph statement.
A long-term compensation fee is an opportunity offered by a cryptocurrency firm for a trustworthy crypto-exchange to hold the coin on the market. So, the amount was offered from token issuers as a marketing strategy from the company. The cryptocurrency’s representative replied that the long-term payment is intended to protect the ecosystem of projects by encouraging crypto-exchange to list stacks for years and aligns well with our long-term focus. They also stated that the advertising fee is for a marketing campaign that they plan to run later, which is not a listing fee.
Many additional fees can be requested at the time of listing. Even though exchange platforms don’t ask for direct listing fees, somehow they named it differently. Some of the exchanges are so transparent that they have shown their listing price to everyone without prejudice. There are no hidden fees and they are highlighted as listing fees.
Is the listing price going to be a crypto market problem?
The listing on the reputed exchange platform is mandatory for new entrants in the crypto-industry. This important factor is always a cost-effective operation. Most tokens chose not to list, sooner or later, the token loses the liability of the company in any transaction for a high price. Investors have a trauma of uncertainty for unlisted projects resulting in a blockchain downturn. Failure may occur due to the resources of many clients and the overall loss of the crypto market.
Listing Price is a major issue for business enthusiasts. Crypto-market should fund news ventures and allow them to proliferate. One of the major exchange platforms clears the view for “no listing fee” saying, “We believe as an exchange we should support as many as protocols as possible so to support a variety of token for our Users. The cost that we are paying is the time in testing and integration.”
Although NYSE has a listing price, why should cryptocurrency exchange platforms not have it? As the decentralized platform asking for listing money is not acceptable. The risk of price volatility is much higher than the traditional exchange platform. Cryptocurrencies required more attention and mass acceptance of the service for business growth. If a sufficient number of tokens is included in a particular exchange, clients may deal in different ways and the market will also proliferate. Share markets and crypto-markets are different, so their listing procedures should be different.