đ§ Arthur Hayes has published a new essay "PvP" in which he reveals the secrets of listing on CEX:
â«ïžMost exchanges charge between $250,000 and $500,000 in stablecoins, and some require up to 16% of the total token supply.
â«ïžBinance has developed a genius strategy: the exchange charges up to 8% of the total token supply and requires projects to buy $5 million in BNB and place it as a deposit.
â«ïžMarketing: Binance requires projects to distribute 8% of the token supply through airdrops and other events. Other exchanges ask to spend up to 3% of the supply (the minimum equivalent of $250,000).
â«ïžListing on major exchanges in 2024 does not guarantee an increase in the token price. Cryptocurrencies launched this year have performed poorly for retail investors.
â«ïžHayes believes that projects are launched with too high a valuation - to become attractive, they need to reduce their valuation at launch by 40-50%.
Follow the news in a convenient format in Telegram: @flowbite1
