When will carVertical token be listed on new exchanges? When the next listing is planned? Why cV token is not being listed on most popular exchanges? When you’ll come to [name any popular exchange here]? We’ve been hearing and reading lots of these WHENs and WHYs recently. And we understand these are very important questions. But, frankly speaking, we don’t consider them as our main goal at the moment. We’re now concentrating on fundamental questions, answering to which will in turn bring answers to all the smallest ones.

Since the altcoin cryptocurrency market has recently seen a drop off in prices, our community members have asked us countless times about cV token on exchanges. On top of that, seeing as one of the hottest topics for our latest blog post was exchanges, we’ve decided to dedicate a whole new one to address this.

We’re long runners

To begin with, carVertical is a project that is meant to solve a world-wide problem, and we’re here for the long run. Our daily activities are focused towards developing a successful product, making partnerships and ensuring that we deliver a high-quality project, instead of focusing on satisfying short term contributors/traders. There are people who are worried about short term token price dips, and who think that having more exchanges will help “temporarily increase” the price, but we’ve started our project not for this purpose. We’d prefer covering more countries with our services to covering more exchanges.

Moreover, being listed on a cryptocurrency exchange is not cheap — aside from paying legal teams for consultation, the biggest expense is the exchange listing fee. Because of this, we choose not to pay low/medium tier exchanges. We choose to spend it on development and marketing instead.

Not to mention, the whole cryptocurrency world is experiencing global changes where institutions are trying to regulate the whole game. This is worth keeping in mind, since some low/medium tier exchanges are sometimes using deceptive practices or doing things that would be considered illegal in regulated markets. This is not on our way, for sure.

Product is the king

carVertical token is already listed on KuCoin — a popular exchange with a good volume that allows contributors to buy/sell tokens without any major issues. Having an additional low/medium exchange would only split the token demand into more exchanges, meaning that it could potentially be harder to sell your tokens.

Instead, we plan to increase the token demand in the best way possible — by launching our product. This way, the token ecosystem will become active, causing a natural demand in the token, in order to use cV services. With this, by having a developed product and increased demand, we will become more attractive for the exchanges, since their interest is a high-quality project with a solid community and high volume. This means that our chances of hitting top-tier exchanges are higher with developed product.

The day will come

However, we’re in discussions and negotiations with various popular exchanges in the meantime. But we’re always considering what’s best for long term future of carVertical, our contributors and consumers.

We hope that our contributors have already noticed that we’ve always over-delivering and have been ahead of our schedule. So, we ask you sincerely: let us concentrate on creating a solid business with a global product — the thing that we’re best at, and we’re sure that we’ll enjoy the fruits of it together.