Listing offers: https://forum.icon.community/t/exchange-listing-offers/224

A long standing issue of the community has been the exchanges, or to be precise the lack thereof. The ICON Foundation’s position about exchanges has been clear; they have “focused on high quality exchanges with fiat on-ramps” and thus have mostly avoided crypto-to-crypto exchanges. And they have done pretty well as far as fiat exchanges are concerned. ICON is listed in most of the bigger ones (perhaps not Coinbase).

The Issue

We are currently listed in just five of the top 20 exchanges, and in 18 out of the top 100. ICON’s trade volume has been floating between $5mn and $10mn for most days in the past year, all of this while ICON’s price has slowly dumped from $0.27 to today’s $0.13. Constant sinking in market cap ranking demonstrates that we are performing worse than other coins as well.

An obvious reason for this dump is the lack of liquidity. Trade frequency is low. Sometimes we can observe minutes without a single trade. Our suggestion:

More Exchanges

Every new exchange means a brand new marketplace: new potential investors and users, better liquidity, exposure, and -of course- an opportunity for marketing. Better yet? This cost is one-off. We pay once and we are there for good.

Plus some exchanges are willing to market us, along with other goodies.

What Now

Our suggestion is that we start entering new markets right away. This is something that requires minimal effort and is appreciated by everyone.

We should carefully select the ones we like and get listed. We could aim to join a new exchange every month or two.

What we’ve done so far is compile a spreadsheet of the Top 100 exchanges and have tried to contact / apply with almost every exchange in the Top 20. We have already received replies from some of them about listing fees and services.

But while some of them are pretty affordable, we cannot do this ourselves. We are very happy to pay for our part, but need the rest of P-Reps and broader community to get involved. The easiest way to support this effort is by voting for Blockmove.

Listing offers will be shared with the community in our forum thread, so everyone can judge which exchanges are worth listing and which are not.

Questions?

For any question or suggestion, feel free to contact us at hello@blockmove.eu or through our twitter and telegram channels.