How about “bigger” exchanges?
We understand this is a common question from the community. Listing on bigger exchanges is great but it comes with many considerations.
Why not Binance / Huobi / OKEX?
It is common knowledge that exchanges charge a fee for listing. Some exchanges command bigger fees. Listing fees could run into 6 or 7 figures. Coupled with the fact that we have just survived one of the biggest downturn in the crypto world for the past 1 year, we will illustrate to you why it is not the best idea to list on bigger exchanges now. With reference to Figure 2, taking an assumption of the average listing fee of USD 2m on a top tier exchange (this is purely conjecture although some are rumoured to be higher), at the start of our token event, we would have to pay approximately 2222 ETH (price of USD900 per eth) and about 4000 ETH (price of USD 500 per eth) currently. This will deplete our contributions very quickly and pose a serious threat to our ability to build out the platform. This begs the question of why we did a token event in the first place.
Having said that, we have been trying and are still trying to get listed on “bigger” exchanges and we will show “proof of discussion”. (pun intended). We are releasing these info and personal communication to help the community understand that our team is working hard to ensure we get listed on bigger exchanges.
Huobi Labs:
5th March 2018: Initial conversation
Okex:
23rd Feb 2018: Initial conversation
5th March 2018: submitted application form
6th March 2018: Initial phone interview
27th April 2018: Follow up call
Other communication with exchanges:
Kucoin
23 January 2018: Submitted email (no response)
4 March 2018: Submitted email (no response)
Gate.io
28 February 2018: Submitted email (auto-responded email received. Helpdesk ticket)
2 March 2018: Gate.io responded and requested for us to write to another email address
4 March 2018: Submitted email to the email address as provided (no response)
Korbit
Application submitted on 25 March (waiting response)
If you have further questions, please reach out to us at token@morpheuslabs.io or join us on our official telegram chat https://t.me/morpheuslabs
