ICOs Must Pay Up to $1M for Exchange Listing

This is reported by the numerous statements of market participants
13 March 2018   1201

Crypto exchanges charge an unreasonably high fee for listing tokens on their platforms. This is reported by Business Insider with reference to numerous statements of market participants.

In particular, sources note that the lower price limit for ICO on the exchange is $ 50,000, but it can reach $ 1 million, depending on the size of the trading platform. Nevertheless, they do not call specific crypto-instruments, so as not to harm further cooperation with them.

Basically there are a lot of people who want their coins listed. The exchanges are where the liquidity is - it's where the money is - so that's where the power is just at the moment.

Michael Jackson 

Partner, venture capital firm Mangrove Partners

In turn, the head of the consulting company Swiss Fintech, Oliver Bussman, notes that paying $ 1 million for the listing is very unfair, because a high-quality ICO organization already requires a large amount of expenses. But along with this he recognizes that it is the exchanges that often determine the success or failure of the project.

If you prepare for an ICO, you have to prepare for a listing. It's important to get access to liquidity. That means the bigger the exchange is, the more effort and also more cost to get listed.

Oliver Bussmann

Head, Swiss Fintech

902 ICO projects of 2017 presented on the Tokendata service, 142 of them failed before the fundraising, and 276 closed after the funding was received. Thus, 46% of the ICO conducted in 2017 failed, although they were able to attract more than $ 104 million. 

TenX to Confirm Founder's Relation to Lyoness Pyramid

From 2011 to 2015, Julian Hosp was a “member” of Lyoness
10 December 2018   73

Representatives of the blockchain start-up TenX confirmed that TenX founder Julian Josp was involved in the activities of the Austrian financial pyramid Lyoness.

TenX's Reddit report says that from 2011 to 2015, Julian Hosp was a “member” of Lyoness. In the company he was engaged in marketing, sales, held lectures for other participants of the company. However, at the end of 2015, Hosp broke all ties with Lyoness.

Earlier, The Financial Telegram reported that TenX Hosp tried to remove all public data linking it with Lyoness before the ICO project. However, according to TenX, Julian Hosp never concealed that he was associated with Lyoness and even wrote about it in his book “25 Stories I Would Tell My Younger Self (2015)".

We would also like to clarify that the stories contained in the online articles and Julian’s past affiliations with Lyoness bear no relevance to TenX, and TenX has had no connection, association and/or affiliation with Lyoness at any time.

TenX at Reddit

According to Breaker, Lyoness is recognized as an illegal fraudulent scheme by the Supreme Court of Switzerland, the Austrian civil court and the Norwegian Gambling Council. About the connection of Hosp with the project it became known thanks to the “training” video from Lyoness, allegedly voiced by his Julian.