There are a few costs associated with supporting a new coin for exchange. You need to maintain a node, keep up to date software version and familiarize yourself with the protocol to make transactions. So to charge a listing fee should be somewhat commensurate to what is previously mentioned. I know of one exchange which may be willing to list Grin without charging exorbitant listing fees which is FreiExchange although they seem to focus more on the older generation of cryptocurrencies. After that there are not too many exchanges that would provide anything different from the services already provided by Gate and Ogre. A Kraken listing could integrate Grin with some more liquidity but that seems increasingly unlikely as time goes on.
i also emailed and talked with Mexc and they demand 20k listing fee and 50k usd worth of Grin coin liqudity. No replied back via email after all.
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Dunno why we so against paying for a listing, it must just be out of principle cuz Iâm pretty sure we have the plenty of funds.
I donât pretend to know what best for GRIN, but more listings would help decentralize the project. Right now itâs tradeogre or nowhere basically.
So if thereâs anything I can fo to help with the listing, count me in.
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would help decentralize the project
Consider this other scenario: people donât actually exchanging GRIN for fiat or another cryptocurrency when buying products or services, they simply give GRIN to the other party. Wouldnât this promote even more decentralization? There is no middleman (currency exchange), only the buyer and the seller.
If they are demanding more than fifty thousand USD, is listing the preferred use for that money? Thatâs more than double what I got in the year of 2022! Wouldnât investing that on projects that make GRIN the coin for settlement in transactions something that makes it more decentralized? Isnât encouraging the use of exchanges defeating the whole purpose of cryptocurrency?
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The 50k liquidity, if done correctly, could actually generate pretty decent revenue for the project. My trading style is market making so itâd be fairly easily to provide liquidity for grin with a project funded account. So if someone needs to manage that I could, or Iâm sure a script could be written to do it as well. Although that may be more risky.
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Yeah, itâs very enticing. 20k more GRIN holders could do wonders for this project.
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Wouldnât it be better if this liquidity was provided through the channel of a decentralized exchange?
One could be a market maker on Bisq (or a different DEX that we can get working). The community would just start advertising and promoting using that primarily.
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Did you try to use Bisq?
Iâm not sure if itâs possible or not anymore. I know Bisq is not investing resources into version 1 protocols like the one it is currently on. And I know that there were previously issues with Grin on Bisq that caused them to delist it (and then maybe relist it?)
There were issues long time ago after Grin getting listed/supported on Bisq in 2019. They solved those and relisted Grin in 2021[Link to forum and DAO vote]. It was quite big news then!
The problem has since been that there is low liquidity. Someone could play the role of a market maker there, unfortunately no one stepped up to take o this task.
Bisq 2 does include everything from Bisq 1. That does not mean that Grin will get an upgrade to Bisq 2âs newer easier trading methods. These new Bisq 2 methods are less private more easy and mostly likely not well suited for supporting interactive crypto like Grin.
This probably means that trading o Bisq will stay the way it has been since 2021 where you have to lock an equivalent amount of BTC as collateral when selling Grin. So yes we have DEX, and no we do not have many users or market makers using it. Therefore I am always a bit skeptical about the potential of new DEXâs supporting grin since unless they find a way to make it more user friendly than with Bisq, it is nothing new in town. Letâs start by supporting and using the DEX that already supports Grin.
Also it is good to realize that only a very small percentage of users and trades are happening on DEXâs. So for attracting new Grin users, centralized exchanges have a much bigger impact.
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So only the market maker (seller) needs to also manage BTC collateral.
Thatâs not so bad, if theyâre willing to set it up. @syntaxjak
We could make an onboarding guide for it. Or at least refresh the current one that exists to ensure itâs all accurate.
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I donât know if another exchange is going to help with the liquidity issue.
Tradeogre is in desperate need of grin liquidity. Like for acouple thousand bucks people can make the price do very drastic swings.
Technically, the responsibility for liquidity providing would fall into the hands of those who have access to the community funds for grin - instead they just hodl btc and do nothing for grin liquidity.
I should note that this is probably because none of the cc or core really know anything about market making.
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Dead coin walking⊠The only thing keeping this project alive is its remaining funding, which is slowly being drained by useless requests that have zero impact on its trajectory.
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Most projects provide liquidity for their exchanges. Or they hire firms to provide the liquidity for them
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Iâm saying if you are able to be a market maker, you could just use Bisq to do it. Rather than creating your own exchange from scratch.
Who are the grin miners selling to? Are they just holding it?
What happened to âno paid exchange listingsâ?
I canât speak for the OC, but the CC is really not spending money on random projects that have no impact on trajectory. We are quite conservative actually.
Interesting observation related to this market making on the kraken website:
Having market makers could boost the credibility of this project.
Step 4: Listing Day!
Now weâre ready to launch your token on Kraken! In the run-up to your listing date, weâll coordinate with your market makers (MMs) and post on social media and across our various marketing channels, to make sure as many people as possible are aware of your listing on Kraken.
Using MMs helps with market liquidity, driving volume and better price discovery. It is one of the first steps toward creating a healthy trading market for a specific token.
Going forward, weâll monitor your asset pairs on Kraken. Weâll be looking at volume, liquidity and spread to gauge how the market is performing.
Remember: We recommend projects use Market Makers at launch; many projects bring their own.
The listing process is important to us, because we believe that the builders are the lifeforce of crypto. Our mission at Kraken is to accelerate the adoption of cryptocurrency around the world in order to promote financial freedom and inclusion. We couldnât do that without the support of the projects and teams pushing the industry forward. So, builders, click below and take the first step toward getting your cryptoasset listed on Kraken!
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kraken is good for privacy coins. they have listed already monero
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