I came across an interesting article that made me rethink some things about crypto. You know how everyone says getting listed on a big centralized exchange (CEX) is the golden ticket? Well, Arthur Hayes, the former CEO of BitMEX, is challenging that idea. He claims those hefty fees don’t guarantee success and suggests we might be better off with decentralized exchanges (DEXs).
Hayes did some digging into 103 tokens listed on major CEXs this year and found something shocking: most of them tanked after listing. He pointed out that regardless of the exchange, they didn’t pump. It’s crazy to think about it, but paying millions just to get listed seems to mainly benefit the exchanges themselves and the venture capitalists (VCs) behind them.
And let’s talk about VCs for a second. They’re like puppeteers pulling all the strings, inflating those token valuations just to cash out when things go south. It’s almost poetic in a tragic way.
So where do DEXs fit into all this? According to Hayes, they’re a much cheaper and more effective alternative for getting your token out there. No middlemen taking a cut of your hard-earned gains. Plus, you retain full control over your assets.
There’s even a case study in the article! Auki Labs launched their token on DEXs first and saved a whopping $200K by avoiding CEX fees. They later went on to get listed on MEXC without blowing all their cash upfront.
It really makes you question everything doesn’t it? The traditional playbook of relying on CEX listings might be outdated. Instead, focusing on building community trust through alternative marketing strategies seems like a more sustainable route.
Hayes’ critique serves as a wake-up call for retail investors like us. Maybe it’s time we stopped following the herd and started doing our own research (DYOR).
In conclusion: if you’re launching a project or thinking about investing in one, maybe skip those expensive CEX listings and focus on building real value instead.
