Listing on exchanges: How do I avoid problems?
Is the glass half full or half empty? This philosophical dilemma could be rephrased for blockchain projects as… Is the listing process cheap or expensive? Is a cryptocurrency exchange trustful or misleading? Is the listing procedure quick or drawn-out?
ICOs text us concerns they have about placing their tokens on platforms. However, by analyzing the root of each problem and implementing alternative decisions, projects can crack the challenges they face.
Below, we have collected several CASES ICOs have come to us with, and their possible SOLUTIONS.
Listing on platforms is expensive. Exchanges are not charity organizations with government support, but real businesses. Listing cost depends on many factors, such as: the web development, marketing cost, and reputation of the exchange. Because of that, some exchanges require high listing fees, even as much as up to 90 BTC sometimes.
Listing on platforms CAN be low-cost. It is possible to find exchanges with a medium trading volume, which would be happy to list you for within the range of 0.5 BTC to 5 BTC. Pay close attention to decentralized platforms and rising (new to the blockchain field) exchanges. They normally do not charge high fees.
Exchanges might be misleading sometimes. Blockchain history has faced some sad stories of exchanges scamming people. For example, Mt.Gox misinformed users and started deceptive marketing campaigns and fraudulent operations.
Exchanges CAN be trusted, if you spend enough time analyzing the platforms you are planning to list your project on. Like in the case of Mt.Gox, if the users had paid enough attention to the warning signs and checked this platform’s references, they would have noticed negative reviews. Good exchange evaluations can be found on consulting websites like Blockonomi, CryptoCompare, ICOTokenNews, Trustpilot, and 99Bitcoins. But don’t rely just on one source. Also, check what users are saying about the exchange on social networks and compare all reviews to get a clear picture.
The listing process takes too long. The speed of listing depends on the number of applications and the listing team’s ability to review your project as well as the technical aspects of your project. Because of this, the listing process with some exchanges may take up to 3 months.
The listing process CAN be quick. There are exchanges who are happy to list you within 2 weeks. You can always ask platforms about the possibility of providing accelerated services for your project. Your ability to provide the appropriate information quickly is also important. If you haven’t answered the question in the application form properly, the listing managers will have to review the answer themselves or contact you personally. All of these extra steps will delay the consideration of your project. That is why we implore you to put enough time and efforts into answering all questions.
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We agree that listing is a complex procedure. Usually the listing process requires you to prepare all the necessary documents and to fill in an application forms. AssetRush is happy to help you with that and to guide you throughout the whole process of listing. We will consult with your project and present the best solution to selecting an exchange, taking into the account your project abilities, budget, and preferences.
