Recently on telegram we had a discussion about moving our token onto more exchanges. Ethan Clime wrote publicly with one of our stakeholders and the discussion was the following:
Stakeholder: “Hi @ethanclime I partly understand limiting the exchanges to help authenticate liquidity from CH customers vs traders but what do you risk by increasing the amount of exchanges that list yup and increasing liquidity from them? In my mind I’m thinking real project, strong team… A multi listing will result in higher visibility/usability and further incentivize believers to hodl?
Ethan Clime response: “You make some good points. Right now we have one team in our company that supports businesses through services allowing us to keep runway afloat. In fact their sales will soon have us break even with our expenses. The rest of the team is focused on product and business functions. My fear is diving and paying for new exchanges at this time, which could result in not sustaining volume, has us get delisted from these exchanges and lose out on costs which I would prefer to use to speed up development and business operations. In addition, when we hit market fit and can scale fast both projects placing tasks and users, the yup cycle can bring our tokenomics in full bloom. Thus timing more exchanges at this time as well as a crypto recovery will be more beneficial to invest in going on more exchanges. However, we could spread ourselves on some free exchanges, but the question is, would free or very small cost exchanges do its justice and increase total volume of trading? Or would we waste time by having no impact? It may be worth consider trying this, but I would prefer keeping the focus to make product succeed for the future.”
Stakeholder response: @ethanclime First, thank you for your visibility and transparency. Of course these are just ideas from the investment side and the interest of seeing the project gain more attention. ///would free or very small cost exchanges do its justice and increase total volume of trading? Or would we waste time by having no affect?/// I like the calculated growth, historically I’d say that the community is the catalyst and that if you can list on other exchanges (free or small cost) it does help validate the project at least in the eyes of investors or people that hold the coin. You already have a working platform which is light years ahead of many heavily traded currencies. I say if it’s free/low cost and credible exchange list it. There’s things out of our control, ie. market manipulation which can happen with every coin but you’re garner more of the long term believers, platform users like me 😉 that know this project has so much potential that it doesn't make sense to sale in the short term. Just my thoughts and thanks for your response. Best of luck and either way I’m along for the ride and happy I discovered this in it’s infancy.
Ethan Clime’s response: “That logic makes sense, although can’t guarantee much speed on a listing strategy, I’ll look at capacity with my team and see if I can find some time to look into free exchanges/low cost to be listed, preferably DEX exchanges which I am more of a fan of. So I will keep it on my radar. Cheers.”
So there you have it, we liked the logic of the fellow stakeholder thus this task is dedicated to making sure the free/low cost exchanges we choose are approved and looked into by our community. We don’t want to make a mistake on listing ourselves on a poor exchange. Thus vetting the list below from you all will be a great help and allow us to expand without coughing up costs as we need to use every penny to building our product.
Crypto exchanges that allow free listing from community vote:
Ethfinex — CMC Volume: €5,029,782 EUR — (https://www.ethfinex.com/)
Crypto exchanges with relatively low fees depending on a coin, business model etc:
Liqui — CMC Volume €7,754,009 EUR (https://liqui.io/)
Coinexmarket — CMC Volume €1,020,560 EUR — (https://www.coinexmarket.io/)
Do you suggest any free/low cost exchanges you might have heard about? What do you think of the ones we found, in your eyes do they look legit? We look forward to your feedback!