Krios Lists On Their First Exchange!
LATOKEN is a rapidly growing crypto exchange focusing on liquidity for new tokens.
LATOKEN was ranked in the TOP 50 exchanges.
On July 3, 2018, LATOKEN officially entered in the Top 50 by daily trading volume with over $14 million, according to CoinMarketCap. As per their Roadmap for late 2018, they set the target for being in the Top 20 and at the rate they’re going they look to be well on track.
At the time of writing whilst we’re still a mist a current low market, their 24hr volume still stands impressively at $31,283,431 USD (4,980 BTC).
About LATOKEN
LATOKEN is developing a one-stop multi-asset trading platform, their goal is to become a leader in the crypto trading market entering Top-20 crypto exchanges by trading volume.
To achieve this goal, LATOKEN is building the first decentralized exchange based on DAG technology (directed acyclic graph) that allows unprecedented trading volumes of up to 100 000 transactions per second.
During Q2 LATOKEN hired talents from different backgrounds and their team has recently expanded to 70 people.
LATOKEN Features
- 90+ crypto pairs already traded
- 70,000+ traders already registered
- Low trading and withdrawal fees
- New trading pairs are being added every week
Besides crypto trading, eligible LATOKEN users can participate in selected Tokens Sales at pre-sale and crowdsale stages.
Other features of the LATOKEN Platform include:
- Instant exchange (LA DIRECT)
- Advanced trading features
- Crypto/fiat gateway
- App authentication and SMS verification for all withdrawals
A Few Words From Me…
“It’s been long awaited for Krios to finally list, but they have. As per my last article just over two weeks ago I estimated that they shouldn’t be too far off and Krios would be well positioned ahead of this years seasonal crypto rally.”
Upon the data above, having signed up and explored the exchange myself, LATOKEN seems to be a great first choice for their exchange. Being simple and easy to use with USD and multi currency conversion.
At first I was a bit disappointed we didn’t list last year but in retrospect it’s actually the best thing that could have happened, KRI’s value would have followed suit and plummeted along with the rest of the altcoins during the major crypto correction. Listing now means we’re ahead of the game for this year. Also too considering the increased difficulty, applied standards & regulations that have been put in place by exchanges that MUST be met in order to be listed is absolutely gruelling… so based on those two points it’s worked out in our favour that listing has drawn out.
As a bonus LATOKEN possess a higher 24hr volume than KuCoin which is definitely a tick in my box.
I look forward to seeing how the market values Krios and their service. Only time will tell, the true testament will be based on how well their platform preforms, the size of their user base (businesses utilising their service) and database of available freelancers & influencers. This will ultimately boil down to their platform quality, useability and of course their own marketing and advertising. Though they shouldn’t have a problem with this since it’s their underpinning reason for existence.
Obviously as with any business Krios will need time to grow and mature, building their networks and partnerships. I was pleased to hear during Chris Quinlan’s recent interview with James from CryptoRookies, that Krios will only foster with high calibre and quality partnerships that would mutually benefit them in the long-term. Even if it took a month or so in negotiations, rather than say ten fly-by partners that add no real value other than a potential spike in market charts. Krios want to build solid relationships where the same values and vision are shared.
Watch the Interview: Chris Quinlan CEO of Krios with CryptoRookies — Exchange Announcement https://youtu.be/L1QG-sxObSM
For more info on LATOKEN visit:
Website: latoken.com/
Telegram: t.me/latoken
Facebook: facebook.com/LiquidAssetToken/
Twitter: twitter.com/latokens
On The Flip Side
Did you know, that 70% of other ICO tokens out there are not exchange listed and probably never will be.
“When Binance?” is the refrain from impatient bag-holders in ICO Telegram groups. For investors eager to flip their tokens and move onto the next thing, a major exchange listing is the big event, and the sooner the better. But for beleaguered project teams, with a community to manage, workforce to recruit, and decentralized solution to build, an exchange listing is the least of their concerns. It’s also the most expensive.
Why? Because Creating a Token is Easy. Listing it is Hard
With the number of global cryptocurrency exchanges now in excess of 250, there ought to be more than enough platforms to support new ICO tokens. But as many of these projects are finding out, obtaining an exchange listing without paying exorbitant fees is almost impossible. ICOs unwilling to stump up risk being left to languish in the shadowlands of low liquidity DEXes. Recent research from ICOrating.com shows the difficulties projects face in getting their token listed on a reputable exchange — and those problems aren’t limited to affording the listing fee.
For one thing, the project needs to have completed a successful ICO in the first place. If their tokens failed to sell out, even with the remainder being burned, demand for the token on the secondary markets will be low and exchanges are unlikely to be interested. ICOrating reports that only 22% of ICOs that completed in Q1 of this year were able to have their token listed. This figure is down 10% on the previous quarter, which is attributed to the fact that half of all ICOs in Q1 of this year raised less than $100,000.
Listing Fees Vary Greatly
Projects that failed to hit their hard cap simply can’t afford an exchange listing, while those that did may still balk at the price. The discrepancy between what exchanges charge is huge, ranging from around $100,000 to $3 million for the largest and most liquid exchanges. (It has been claimed that Binance charges as much as $7 million in some cases.) In fairness to cryptocurrency exchanges, listing a new token isn’t as simple as many traders seem to think. Among the many tasks that must be performed before a token can be listed, is the necessary due diligence to ensure the project is not a scam.
Copy & Images Credit to: Kai Sedgwick and Shutterstock.
