The first CEX listing of $SHIBARMY and why it probably isn’t what you think
This month, the Shibarmy project will be listed on VinDAX, its first CEX ever! Despite our focus on decentralized exchanges, we decided to take this step for the longevity of our project.
What is VinDAX and why do we go with it?
VinDAX focuses on providing exchange services for digital cryptocurrencies with a high level of security, great efficiency, and a well-optimized trading fee. Serving more than 1.5 million users from all over the world with an average daily trading volume above 150,000,000.00 USD.
We decided to go with it for 3 reasons:
We had several moments, where our coin was up 30–60% and barely lacked the volume to be in the top gainers on CMC and CG. A second exchange will help with that.
- Easier access for new investors
Using the BSC to buy $SHIBARMY takes more effort and knowledge than using a CEX. The listing helps us to find more investors and bring them to the smart chain using our products, like P2E or NFTs later.
Our project is fairlaunched and financed via a 1% marketing tax and our products(NFTs and soon P2E). We have to make a lot of decisions depending on that funding and at a price point below 5,000 USD, VinDAX offered the best price for performance by far for us.
Why can’t we list Binance, KuCoin, WhiteBit, OKX, and Bitmart…?
No, not right now, and here is why
Many exchanges claim that the listing is free, which isn’t true technically. To have a project listed on most bigger exchanges includes payments like marketing, liquidity, or market-making. The cheapest starts around $20k up to $100k+ for calibers like KuCoin, BitMart, or Gate.io.
Binance on the other hand works differently, significance counts. No money in the world can buy you a listing. You need a vision, the community, and an outstanding project before being considered by Binance. Any payments made are given to charity by Binance.
Exchanges complying with US regulations require expensive legal documents to prove a project wasn’t given out as security. This requires a legal body within the United States and costs a lot of time and money, which isn’t possible for us at the moment.
Digifinex or Bitmart could be the next one
Listing on VinDAX, a Top 150 exchange, wasn’t the only option and won’t be the last listing. We have also been in talks with Digifinex and BitMart for a while, but both come with an unsolvable problem at the moment:
- DigiFinex is in the 20k price range, mostly liquidity and market-making, and requires 100 accounts created to be listed.
- BitMart requires expensive legal documents and costs 4–5 times as much as DigiFinex in total.
💥- 8% #Shib Rewards
💥- 1% for Liquidity
💥- 1% for Marketing.
📌 Token Information:
🔸Contract address: 0x940230b6b7ef1979a28f32196a8e3439c645ba49
💥Set slippage to 11%-15%
International Telegram: https://t.me/ShibarmyToken
Chinese Telegram: https://t.me/Shibarmy_CHN
German Telegram: https://t.me/Shibarmy_DE
Turkish Telegram: https://t.me/shibarmy_TR
Dutch Telegram: https://t.me/Shibarmy_NL
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