Collection cryptobinary funds up to $1 million for listing at the ICO is justified
Mariam Baghdasaryan. Collection cryptobinary of funds for the conduct of tokens listing of companies in the framework of the ICO (initial public offering tokens) usually is justified: thus, the exchange receives confidence in the intentions of the organizers of the project, and the company has the necessary confirmation of prospects for its project, told interviewed by the Agency “Prime” experts. Measures of “Yandex” to combat clandestine mining is not completely solve the problem
According to a study of the publication Business Insider based on data from a number of sources, cryptocurrency exchanges charge between 50 thousand to 1 million dollars for ICO on their platforms. This amount is required, according to the publication, for listing and gaining access to liquidity. Many of the projects at the ICO suggest the placement on multiple exchanges, and this means additional start-up costs.
THE ENTRANCE TICKET
As experts told, every crypto currency exchange shall set the price listing of a project. Thus, the price tag for every business.
“The point is that the exchange, depending on your brand, fame takes a certain amount, as much as it sees fit. Anyone can make your exchange and assign a price for the add token”, – said the head of Enigma, co-founder of cryptocurrency Fund ICG Igor Nurtdinov.
“Exchange put a high price for the listing, because they are a kind of monopolists in the market, especially when it comes to large exchanges. Tokens and cryptocurrencies which are beginning to be traded on major exchanges, immediately rise in price several times. Sometimes only rumors that one or another token or the crypto currency will fall on a major exchange, the price jumped up. Therefore, cryptoprocta willing to pay “entrance fee”, – said the co-founder of the rating Agency DigRate Stanislav Shakirov.
As told the representative of the Russian Association of cryptocurrency and blockchain (RAKIB), crypto currency exchange often do not publish openly the conditions of the listing and discuss them personally with each project. “If the project is very promising, in the opinion of the exchange, and the listing of the project will attract an impressive audience of new users and additional amounts of liquidity, the project will be able to accommodate without imposing such costs,” he explained.
Development Director at Armenian Blockchain Forum Alexei Gorulev, in turn, pointed out that the guarantees regarding the correctness of the information and evaluation of projects, exchange not give. “Pay per listing – a kind of “entry ticket”, confirmation of seriousness. But I have never seen that this was done by a serious, deep analysis of the project and assessment of risks (as is done in the IPO). However, all startups are forced to accept and pay, otherwise there is no chance to attract the required investments,” he said.
The spokesperson of the Waves Platform in Russia Gleb Kostarev said that not all projects should pursue a listing on the specialized cryptomeria. “There are alternative solutions. For example, it is possible to produce a token on the Waves and immediately trade them on a decentralized exchange Waves DEX without additional costs”, – he brought an example. The crypto currency exchange may charge the company for the ICO to $1 million
THE MARKET WITHOUT RESTRICTIONS
To introduce a limit on the size of payments to cryptomerias for conducting the listing, according to some experts, is extremely difficult.
“Major exchanges have commercial right to assign any price tag, if there is demand. And exchange no one can put a limit. In General, the first line costs in ICO is marketing. The project has a sense of release, if you have a marketing budget of 150-200 thousand dollars, or about him now no one will know. A release token on the stock exchange is a mandatory part in the budget”, – said Nurtdinov.
The same opinion and co-founder of the rating Agency DigRate Stanislav Shakirov. “Any limitations on commissions on exchanges is absurd. The exchange has the right to put their price lists for services — it is capitalism in its purest form, and the stock market works according to these laws”, – he said.
Co-founder and head of the Department of analysts of the rating Agency ICORating Anatoly Poedintsev noted that the possibility of payment by the company of such amounts of money is proof that the project is not fraudulent.
“Money is not always a decisive factor for the exchange has decided to solistice the project or not. For exchanges, it is critically important that the project is not a Scam (a fraudulent – ed.) that it is legal and compulsory delisting initiated by the regulator will not, and that trading volume in token of the project will be sufficient. Moreover, on some exchanges, there is a procedure fee vote to determine which projects will get the chance to pay for the opportunity to Zolotitsa on it,” he said.
At the same time, security expert Group-IB Ilya Obushenko noted that this financial threshold, many projects are not carried out ICO. “In my personal opinion, many projects face the fact that they are not ready to pay a lot of money for the ICO, while in summer 2017 prices were much less. This threshold stops many,” he said.