Lbank is a centralized exchange that providers an opportunity for anyone to trade listed digital assets based on selected trading pairs. With over 100 cryptocurrencies tradable on the Lbank, more than 2 billion dollars in revenue generated daily, Lbank has a lot going for it.
The big question is: how do all these things help Safemoon Cash?
Let’s provide clarity on how this listing works for the benefit of Safemoon Cash:
1) Reach
Usually, the first place where tokens get listed – after the presale or fair launch phase – is the DEX. Since these decentralized exchanges don’t exert any form of control on tokens listed on their platform, they are often the first point of call for most projects. Yet, the reach of decentralized exchanges is limited. Many fear the decentralized nature of these platforms exposes users to lots of risks, so they don’t use them. That’s why some buy cryptocurrencies only from a centralized exchange.
With SMC listed on Lbank, it makes the Safemoon Cash native token accessible to this group of people that don’t intend to use decentralized exchanges.
2) Marketing
Before any listing is done on Lbank, the centralized exchange lets its users know through its social media channels. This subtle marketing creates awareness for the Safemoon Cash project. Those unaware of the project, proceed to do some research on Safemoon Cash. If convinced, they purchase the token.
3) Partnerships
Token listing is often the gateway to partnerships. With collaborations viewed as a subtle form of marketing, projects don’t take such likely. The Lbank listing does wonders in that regard as projects become aware of Safemoon Cash in the same way it’s brought to the notice of investors.
Currently, Safemoon Cash is tying up partnership loose ends thanks to listings, and the Lbank listing will add to that number.
Can Lbank Delist SMC?
Probably not. There are a few reasons why SMC will remain on the Lbank exchange for as long as the centralized exchange functions. These include:
i) Supports SMC Tokenomics
Assets don’t get listed on centralized exchanges that don’t support their tokenomics. If at any time, the tokenomics falters from the initial proposition to the exchange, the token might get listed. In the case of Safemoon Cash, the SMC tokenomics is supported by Lbank. So the likelihood of delisting is close to zero.
ii) Active community
Centralized exchanges are in business to make a profit. If transactions aren’t happening, usually due to an inactive community, then a delisting is possible. Fortunately, Safemoon Cash has an active community that trades SMC frequently on the Lbank exchange.
iii) Zero chance of rugpull
Asset delisting from an exchange often occurs due to a rug pull by the project. Since the Safemoon Cash project is here for the long haul, it’s unlikely to be delisted, especially as people still trade SMC on the exchange.
Conclusion
The listing of SMC on the Lbank exchange is good for both parties. Safemoon Cash gets to enlarge its community while Lbank gets a boost in revenue. Talk about a win-win situation.
MORE INFO:
WEBSITE:https://safemooncash.org/
TWITTER:https://twitter.com/safemooncash
DISCORD:https://discord.com/invite/fDp6pQ4Hbd
YOUTUBE:https://www.youtube.com/channel/UC15-d8hPAs30OxAUX9VRdng
TELEGRAM GROUP:https://t.me/safemooncash
GITHUB:https://github.com/safemooncash/SafeMoonCash
MEDIUM:https://safemooncash.medium.com/
REDDIT:https://www.reddit.com/r/SAFEMOONCASHCommunity/
INSTAGRAM:https://www.instagram.com/safemooncash/
Author
Forum Username: bullscroll
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2767778
BEP20 (BSC) Wallet: 0x4A6974e850081f52765873D13FEe3A22B3575ce6