HE Tokens Should Tap Into Each Others Exchange Relationships
Cryptocurrencies rely heavily on exchanges to attract and bring in new investors, the more exchange listings you have, the more potential eyes you can get on your project. Most projects want to get on the elite exchanges like Binance, Kucoin, Coinbase and Kraken, to name a few.
Ethereum is the most popular token chain and it's widely accepted tokens standard ERC 20 tokens has made it easy for projects to get listed on exchanges, however for HE/SE tokens they've not had that same level of acceptance to various exchanges.
I decided to do a little deep dive into STEEM/HIVE/SE/HE tokens and forks to see which exchanges list these tokens and what they could mean for HE tokens like LEO, which has been the most proactive about extending their reach outside the ecosystem.
Not all exchanges matter
Yes, I know not all exchange listings matter, some are wash trading operations and market makers that try to arbitrage your coin for you on their platform. While not the noblest practice, it does provide you with greater liquidity and access to different pools of capital.
Also, every exchange will need a pool of tokens to create an order book of buyers and sellers, and in doing so, you pull tokens out of the ecosystem to create these order books.
Exchanges can also play hardball trying to extort fees out of projects to get listed, but if they see worthwhile trading volumes, they're often open to it because fees right?
In the interest of looking at some low hanging fruit, I had a look at exchanges that have been open to listing forks or second layer tokens.
I checked out @coingecko and looked at Appics, Blurt, DTube,
Live Coin - Centralised
Live coin has a golos/BTC pair, for those who don't know Golos is a steem clone but targeting the Russian market.
$34,092,119 24h Trading Volume
305 Coins
702 Pairs
For more check out Live Coin on coingecko
Visit Live Coin
Newdex - Decentralized
Appics is currently still running off STEEM via their SE token but is in the process of moving to the EOSIO blockchain TELOS. But they are listed on Newdex with an EOS/APX pair.
$223,061 - 24h Trading Volume
69 Coins
127 Pairs
For more check out Nexdex on coingecko
Visit newdex
Hoo - Centralised
Hoo.com is a Hong Kong blockchain exchange that currently has an APX/BTC pair.
- $588,408,813 24h Trading Volume
- 265 Coins
- 419 Pairs
- For more check out Hoo on coingecko
- Visit Hoo
Ionomy - Centralised
Seems to be pretty popular and lists both DTubes DTC token and BLURT
- For more check out Hoo on coingecko
- Visit ionomy
Beldex - Centralised
Beldex is another Estonian based exchange and has recently listed BLURT with a BTC pair.
- For more check out Beldex on Coin Market Cap
- Visit Beldex
STEX - Centralised
STEX is a centralized cryptocurrency exchange located in Estonia. That will be listing BLURT in the coming weeks.
- $25,917,723 24h Trading Volume
- 268 Coins
- 370 Pairs
- For more check out STEX on coingecko
- Visit STEX
Probit - Centralised
ProBit is a centralized cryptocurrency exchange located in Seychelles and already lists HIVE and will be listing BLURT too.
- $83,765,182 24h Trading Volume
- 387 Coins
- 768 Pairs
- For more check out Probit on coingecko
- Visit Probit
TRON trade - Decentralized
@splinterlands very on Dark energy Crystals trades on a Tron based exchange called Tron trade with a TRX/DEC pair
- $200,671 24h Trading Volume
- 23 Coins
- 35 Pairs
- For more check out Tron Trade on coingecko
- Visit Tron Trade
Follow the path of others
Yes, we're seeing Uniswap taking most of the headlines when it comes to exchanges and there's understandable excitement about wrapping onto ETH and trading on Uniswap. Still, if one token does something, I think other tokens should try and follow these already established paths and relationships.
Have your say
What do you good people of HIVE think? Are any of these exchanges worth pursuing?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
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Posted Using LeoFinance Beta
I guess the more places your listed the better. But UNI seems like the place to be.
Posted Using LeoFinance Beta
Uni is indeed the place with the deepest pockets the only real reason to be on more exchanges is that there more efficient markets for your coins so if one goes down there’s other ways to trade your coin and then the arbitraging between exchanges
This is why its key that layer-2 projects on Hive have a strong leader. Listings like these don't just happen.
Finding the balance between decentralisation and having someone that gets shit done is tough.
Posted Using LeoFinance Beta
Absolutely you have to have someone either in the community or a entity behind it to go knocking on doors opening up lines of communication and building relationships
Since this is a global thing you can’t just settle for 1 or 2 exchanges the last you can do is get ones that are servicing each continent so you can appeal to the most people
I saw it was your Hive anniversary! Congratulations 🎉🍾
Posted Using LeoFinance Beta
Thanks a man 3 years going strong on this crazy corner of the internet! Do I regret it? Not one bit, let the fun continue! 14k staked so far let’s see if I can make it 50 in the next 3
You will mate, Orcadom awaits, just keep stacking, compounding and watch that baby grow
Posted Using LeoFinance Beta
Definitely getting a spread of exchanges is good to get the name out but I think having someone or a dedicated team of people that reach out to exchanges and list their coins is where it's at. We're seeing with LEO, Khal and the team are driven to make it work so are pushing everything with a strategy which is setting a roadmap for others to follow really.
Posted Using LeoFinance Beta
Yeah, thats the thing it has to be someone that sticks his or neck out on the line to make contact, we can all make noise about it online but someone tied to the project needs to see if they'll be open to listing.
Like I checked in BLURT discord they've had to pay a few thousand bucks per listing but getting a BTC pairing somewhere with volume I guess is worth it when you're so tiny
Posted Using LeoFinance Beta
Yeah definitely, shouting on Twitter is one thing but you do need to have a contact and reach out. Even though Blurt is a small team from what I remember, they are doing what they can with what they have I guess? Don't know enough about the project any more though - keep your leases running there!