/biz/ - Business & Finance

>>24907727
I feel kinda bad for CLOAK.
>2013-era altcoin
>old dev team got in over their head and quit
>new dev team took it over
>pumped from pennies to >$30
>got a Binance listing
>got delisted in the middle of the bear market because of low trading volume
It's for reasons like this that I think big CEX listings aren't that important.

>>20326824
Even if they were to pay $1 million or so for a listing, what would've been the point of marketing and getting big exchange listings in the middle of a bear market, especially given the decentralized nature of XSN? Cloakcoin got listed and delisted within a few months.

>>20122735
The only "truth" you've brought up is that Stakenet didn't pay Binance some absurd sum of money to get listed during a bear market. Pic related.
>>20122747
>i dont know how exchanges work
Centralized exchanges are immensely shady. If you don't already have enough volume for them to make some money off of, they won't lift a finger for you unless you bribe them. This largely explains why you have the crypto industry you see before you today.

>>20046881
Exchange listings don't matter anymore. It can be nice for a quick pump, but it can also make a lesser-known coin more prone to wash-trading and price manipulation.