For meme coins (like TAMA) and cryptocurrencies, getting listed on a tier 1 exchange can be a big win. But why? Can holders, gamers and die-hard fans not just buy directly on the project sites and stack their favourite coins to their wallets’ content?
Well, not exactly. Here are the top 6 reasons working with a reputable exchange can level-up even the most obscure coins:
More Visibility
Being on a tier 1 exchange means more people can see and trade your coin, which leads to more action and excitement.
Trust and Credibility
Tier 1 exchanges have strict rules and checks, which make people trust your project more. It’s like having a seal of approval from the whole community.
Cool Trading Features and Loads of Trading
Tier 1 exchanges have awesome tools and features for trading, and lots of people trade there. So a coin becomes more liquid (i.e. available cash for trades to be made quickly and efficiently) and tradable!
Better Security
Tier 1 exchanges take security seriously. Things like extra passwords, such as 2FA and other auth protocols, and storage methods means your crypto or coins are safer there.
Opportunities to Grow
Tier 1 exchanges can provide access to resources such as partnerships, marketing opportunities, and community engagement, which can promote the development and growth of a listed project.
More Stable Prices
More trading and liquidity on a tier 1 exchange can help a project’s price stay steady, making it more attractive for businesses to accept as payment.
To sum it up, getting listed on a tier 1 exchange has many benefits for meme coins and cryptocurrencies. It means more visibility, credibility, liquidity, security, growth opportunities, and price stability.
Lists or rankings of the major tier 1 exchanges are half opinion, half fact. This is due to the ownership of the ranking pages influencing their decisions, or trying to push their own exchanges to get more users. So, with that in mind, it’s important to always do your research. Broadly speaking, the top 5 exchanges — in no particular order — are Kucoin, Bybit, Coinbase Exchange, Binance and Kraken, according to CoinGecko.
But speaking of Tier 1 exchanges, the TamaTeam has a major announcement to make on 24 April, bringing all the advantages we chatted about above to our very own Tamadoge community! We may even have another major listing later this year…
We’ll keep you posted, so for now, we’ll see you in the Tamaverse!
– Chris, TamaTeam
