ICOs Must Pay Up to $1M for Exchange Listing

This is reported by the numerous statements of market participants
13 March 2018   1429

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. 

Round 1 of TOP Network IEO Ended in 7 sec

Initial exchange offering took place at Huobi Prime platform
26 March 2019   78

The initial exchange placement (IEO) of the TOP Network project on the Huobi Prime platform that started today attracted no less attention than the similar campaigns on the Binance Launchpad. This is evidenced by the speed with which all the tokens allocated for the first round were purchased.

A number of investors in social networks reported technical problems that prevented the purchase of tokens, which, as in the case of the Binance Launchpad, are likely to be caused by an excessive load on the stock exchange infrastructure during the crowdsale.

The next round starts at 3/26 21:30 UTC+8, despite the fact that users did not use the 20 minutes set aside for trading, TOP Network reports.

For the two following rounds, 450,000,000 TOP and 750,000,000 TOP were allocated, respectively.