A token listing can also increase market awareness more broadly, possibly helping to further expose the token to new potential users, supporters, and investors. There are two options to consider when distributing a token — a centralized exchange or a decentralized exchange.
How does a crypto exchange review a token listing application?
Crypto exchanges receive hundreds token listing applications monthly, ranging from promising projects to those simply trying their luck. As a result, the review process can be time-consuming. Exchanges carefully assess applications and approve only those that meet the listing requirements.
What is listing and how does it work?
Listing is the process of adding a new asset or token to the list of exchange-traded assets. Once the cryptocurrency is listed on the platform, users can mainly use it to: trade it against other assets. Listing on the exchange helps the crypto project gain popularity, expand its community, as well as attract funding for further development.
What makes a token useful?
The usefulness of a token is determined by the specific use cases it aims to address and the size of the supporting community. Most cryptocurrencies enter the market with the goal of resolving existing challenges in the crypto or traditional financial domains.
