Koinos Listing Group News

The Koinos Community Exchange Listing Group was created in December with the goal of getting Koinos listed on more exchanges. Since that time we have interacted with many exchanges and …

We are excited to announce our first listing recommendation to the community!

This is not a recommendation we make lightly. We have been working closely with Koinos Group and G-20 (an experienced market maker) to evaluate the various exchanges to ensure that each listing is likely to benefit the protocol given our stage of development.

The Exchange

While we have multiple negotiations going on in tandem, today we are presenting a listing on a large tier -2 exchange. Unfortunately we cannot state publicly which exchange we are talking to as a result of NDAs (non-disclosure agreements). Exchanges are accustomed to dealing with centralized organizations rather than decentralized entities. They form business relationships with these entities that include NDA’s (non-disclosure agreements) that are enforceable by law in the jurisdictions that they operate in. In our case, both Koinos Group and the market making service G-20 are facilitating these business relationships on the community’s behalf to accomplish our exchange listing goals.

This means we can’t specifically say which exchange we’re listing on until the exchange itself announces the listing or gives us permission to announce the listing. We can, however, describe the exchange at a high level.

The exchange is listed within the top 15 worldwide exchanges on most rankings with over $5b USD in average daily trading volume. It has a trust score of 9/10 on CoinGecko.

We give this listing a strong recommendation. We believe that the community will find this listing to have a comparable ranking to MEXC (where KOIN is already listed) and provide a valuable alternative to that exchange.

Donations

Koinos is truly decentralized as a result of its fair launch which means there is no foundation or other centralized organization holding a large stash of tokens set aside for things like exchange listings. That means we all need to chip in if we want listings to happen. This is where YOU, the community, come in! We’re asking for donations to help pay for these efforts. The sooner we can obtain them, the sooner we can get listed.

Cost

The listing offer is for $80K USDT and $160K in KOIN.

Donation Addresses

Koinos Group has agreed to manage the following addresses on behalf of the community:

KOIN can be sent to this address:

12nsKze79DPLEZafo5YG5Wag5fCRUHyh52

USDT on Ethereum or BSC/BNB Chain can be sent to this address: 0x37A4F5EC2d2B1715E5E93e0A90b3eB0eE533dA70

Timeline

Once funds are available and sent to the exchange, it can take a minimum of 2 months for exchange integration, but could take longer. Since Koinos is an L1 with many innovative features (not an ERC20), exchanges must do extra work to be able to support deposits and withdrawals of KOIN. This might even mean running their own node.

Insufficient Funding

Our goal is to achieve this listing within 3 months, but if we are not able to complete the listing for whatever reason (e.g. insufficient funds raised) within 6 months, we will refund back to the address that you sent the funds from. In the case of Ethereum, we would need to subtract the cost of transaction fees for the refund — for KOIN, you would be refunded the exact amount that you sent (because Koinos does not have transaction fees).

Because of this, we STRONGLY recommend that you send funds directly from your own wallet rather than from an exchange. If funds are sent from an exchange, we will have no way to refund you as we won’t know what your on-chain address is or be able to prove that you sent it.

More to come

We are continuing to explore listings with multiple exchanges and are always pursuing more listings for KOIN. That being said, if you have contacts at your favorite exchange, please reach out to us and get us connected!

This is just the beginning of our journey to making KOIN accessible to all.

Best,

The Koinos Community Exchange Listing Group