BlockBeats News, October 15th, CZ revealed in a social media post, “An unpopular opinion: about ‘listing fees’ (recently seen similar discussions several times). If you are a project team, complaining about listing airdrops or ‘fees’ (to users), don’t pay. If your project is strong enough, exchanges will be eager to list your coin.”
If you have to beg exchanges to list your coin, then… you need to ask yourself why, and who is creating value for whom. If you complain about listing fees on competing exchanges, you can simply set your own listing fee to 0 and be happy.
In fact, why not set all fees to 0? Including transaction fees? In a decentralized world, businesses can freely choose their business models. No one forces you to adopt a certain model. Focus on treating your users well, don’t overly focus on competitors.
If you are a holder of a certain token and you complain, you should address the project team, not the exchange. Or use a DEX. PancakeSwap has no listing fee and has good trading volume.
Furthermore, different exchanges adopt different listing models: listing all tokens on each chain. Most tokens are scam projects. In truly ‘hardworking’ projects, most will fail, only a few will succeed. Selective listing and using listing fees as a source of revenue. If you can attract valuable enough projects, this is a viable business model. Many small exchanges use this model because their trading fee revenue is insufficient.
Selective listing, requiring token airdrops to users, or charging a security deposit, increases the cost for scam and failed projects, thereby protecting users. These models are not black and white, many exchanges use a hybrid model between spot listings, futures listings, Alpha listings, Web3 wallet purchases, etc.”
