What is the job of ICO rating agencies in the listing process?

This’s precisely why they have to ensure that their rating is going to give more weight on the quality of the ICO and less for the amount. They have to be ready to give ratings that are great to jobs with strong teams and products that have been working properly for a while. They need to make certain they don’t offer high ratings to projects that have absolutely no idea what they’re doing and also have no product yet. Making Scams Look great Many rating agencies are owned and operated by the very same firms that have launched scammers, thus they have a vested interest in placing projects like this on the guide.

To make certain investors do not get ripped off, the rating agencies need to ensure that they provide glowing reviews to jobs that happen to be genuine. This is why the rating agencies need to be objective and coininfinity.io should adhere to the rules they promise to have when making choices. A good example of an unreliable platform will be the ICO listings on Bittrex that use a third-party software to view their API and also offer the data for the end user.

As mentioned above, this means that the information is misleading at best. But if you’re selling tokens in an ICO, why would you want to list your tokens on an exchange? The solutions to this is going to be completely different depending on the requirements of your ICO, but here’s what we think the advantages of listing your tokens on an exchange are: A far more diverse token distribution. Listed tokens are provided much better exposure than ICOs that do not list the tokens of theirs on exchanges.

Listed tokens are provided exposure to more traders/investors. Listed tokens are provided exposure to a broader group. When we talk about a diverse token distribution we are discussing tokens being distributed throughout different wallets & remaining ordered by different demographics. For instance, the DAI token is completely controlled by the MakerDAO network. It is a decentralized stablecoin that can be seen in a really liquid manner by anyone with the MakerDAO wallet.

As of now, it is good to say that ICO rating agencies have a truly weak stance on what they should be carrying out plus their actions have not changed the industry in any fashion. How to Avoid This Situation? As stated before, the reason just why ICOs have this particular problem getting listed is partially as a result of not enough regulation and in addition partly because of ICO rating agencies. If we look at the ICO market nowadays, we discover it is nonetheless very chaotic and you can find a lot of shady ICOs that are launching.

Help with your marketing. When your project has listed on an ICO platform, they will most likely try to support you promote your project. They will promote the project of yours on social networking and even provide you with free advertising and marketing on their website. Moreover, they’ll in addition write about the job of yours in their newsletter. Therefore if an exchange has a listing program, it is faster to get outlined. Could improve the brand of yours. You will get to brand yourself as a serious player.

You could even want to create your own exchange. It can also be a way of finding all new customers. This is precisely where token listings start to be risky. Exchanges have to keep a specific amount of your respective token to keep your tokens in the exchange of theirs.