Pick Winning Tokens Before They are Listed on Crypto Exchanges: This Report Reveals How
Currently, major exchanges like Binance list only about 2.5% of over 15000 tokens, with about 378 cryptocurrencies available on its platform.
On-chain analytics firm Nansen and Bitget crypto exchange released a report titled "Discovering Token Potential for Trading and Exchange Listing" for evaluating which tokens to list.
The report explains how the firm assess tokens differently based on stage of development. For early-stage tokens, focus on off-chain metrics and traction, while for established tokens, they rely on on-chain metrics. This approach ensures a comprehensive evaluation of both current performance and future potential.
Key Criteria for Token Listings
Consider the following several core principles for token listing:
- Growth Potential: Evaluating the potential for token appreciation.
- Popularity: Quickly listing trending assets.
- Comprehensive Options: Offering a wide range of tokens for users.
Bitget has implemented an automated on-chain data monitoring system to assess tokens across five dimensions:
1. Market Traction
2. Community Engagement
3. Technological Innovation
4. Token Economics
5. Security
The report stresses strict control to avoid high-risk listings, particularly concerning smart contract security and token distribution. It warns against projects where the team holds more than 50% of tokens, as highly risky.
Exchanges vary in listing standards, often keeping these criteria secret for competitive advantage. Factors like wealth effect, trading demand, and risk assessment are crucial. Lee highlights both on-chain and off-chain tools for evaluating projects:
- Off-Chain Tools: Trendx, Rootdata, Messari, and DefiLlama.
- On-Chain Tools: DEX Screener, Dextools, Pump.fun, etc.
As smaller exchanges cannot list every token due to liquidity constraints, one should pay attention to liquidity potential by prioritizing those with reliable backing to reduce the risk of delistings.
#ETHETFsApproved #ETH_ETFs_Approval_Predictions #BTC #bitcoin $BTC $ETH
