What came after the massiveness of the crypto bear market was best represented by high net worth crypto exchanges delisting some of the controversial altcoins which showed no unwarranted sign of being kicked out. This, invariably, pushed the very concept of “Listing Vetting” to be exposed and debated by crypto enthusiasts and devotees. But it was just a sidekick. The brunt of the market ebb was born by the entire crypto industry, bringing numerous delistings, great investment shrinkage, frozen assets and devalued tokens. All of a sudden, cryptocurrency and bitcoin seem torn apart by the pervasive mist, shackling all buy and sell behaviors and scaring institutional investors off the market.
Is bitcoin a get-money-quick financial instrument? Or is it another bubble to be needled? Let’s review the market. In 2018, multiple pilot projects were launched by institutions and high net-worth individuals and even a Blockchain Center was opened at New York serving to crypto education. By forking and more recognized offering methods, tokens/cryptoassets were swarming the market, exponentially expanding the market to an almost insane level. Meantime, crypto exchanges were so intense and occupied by enormous listing plans queuing up that they even took pride in first listings of select tokens/cryptoassets. However, with huge hype comes high risks. Shitcoins and aircoins shrouded by justified whitepapers and seemingly reliable pre-experts from big names were soon to be revealed. Headlines outlining the ponzi schemes and founders at large never lacked no sources to broadcast. The only victims, the holders in particular, were hard-pressed to claim their deserved asset, and here came our “reliable” crypto exchanges which, under the oath of “Clients First” or “Users First”, had to close the relevant trading pairs of the devalued tokens and delisted them just like they had never appeared on the trading platforms.
As to the amateur crypto market whose “parallels” or “peers” are stock market, equity market and property market, it yearns for an insightful guideline to better itself. A kind nudge is needed to pave the path and bind the development/operation team of a specific cryptoasset and investors together for a much-streamlined market. This is why crypto exchange visualized. At the center of the center, Listing Vetting plays its role.
From what we observed on the market, most of the crypto exchanges are building themselves as multifaceted ones which house countless listing and to-be-listed tokens. The niche market for limited (but high-quality) tokens is thrown in the corner, only picked up by Coinyee, the crypto exchange of uniqueness.
Coinyee serves as a crypto asset trading platform dedicated only to select token listings. From its inception in 2017, a total of 16 tokens/cryptoassets were listed. The stance, according to Coinyee co-founder Frank Han, is that the killer application will finally come one day post bitcoin and before that time, core competitiveness is always a hollow concept.
As a result, you can find TRIP and NLF on Coinyee, the former gained ground in the token economy and the latter devoted to rewriting the Relations of Production by blockchain and token powered e-commerce. For public-blockchain projects, Coinyee got Ecoin and Rcoin. And most importantly, Bitcoin, Ether and mainstream cryptocurrencies were everywhere to be found.
In the reshuffled market, Coinyee may not stand out among the downtrend environment, but in the long run, Coinyee seeks to forge ahead and lead the market by innovation and dedication.
