If you are seeking to list on exchanges like Crypto.com, it might also be good timing to understand that you might need some help from an experienced third party. A party, that partners with trading platforms and can guide you through often an uneasy listing process. An entity, that can advise you where to list first and tailor a strategic listing plan for your token project.
Empirica offers token projects support in planning their listings. We will guide you step by step in launching your markets and making them liquid from day one.
Facts about Crypto.com exchange
The company was founded in 2016 and initially, it was registered in Hong Kong under another name. It was known as Monaco. It was renamed to Crypto.com in 2018 after the company had purchased the relevant domain. Today, it is one of the most well-known centralized cryptocurrency exchanges in the world.
The platform is available to traders and investors in 90 countries.
Crypto.com has offices in 40+ locations across different regions, including Europe, Australia, Asia, and North America. At the current moment, its team unites 4000 employees. Investors can also use a Crypto.com app to access all the services.
And as of September 2022, Crypto.com is included in the top 15 largest crypto exchanges, according to Coingecko. The exchange offers its users access to 227 coins and 393 trading pairs (tokens paired to USD, USDT, BTC and Cronos – CRO).
Listing on Crypto.com
All new tokens that are planning to get listed on Crypto.com can do it by listing on a fundraising platform operated by the exchange. It is dubbed “The Syndicate”. The platform doesn’t take any fees for listing. Vice versa, it allows token projects to raise funds and build a strong community thanks to being introduced on the platform that already has a well-established reputation and a lot of users from many countries of the world.
The listing on The Syndicate can help to increase the utility of tokens as they can be spent via Crypto.com cards, provided as loan collaterals, and used on the Crypto.com Pay network.
Projects that will be chosen for listing on The Syndicate will have the possibility to allocate their tokens for sale with a discount of up to 50%. The proceeds from token sales will go directly to the projects.
Crypto.com’s score metrics
When choosing a venue for listing, it is crucial to check its reputation and general rank in comparison to other exchanges. A good choice is to check how CoinGecko, CoinMarketCap, and Nomics rate the exchange.
CoinGecko uses Trust Score, a rating algorithm evaluating the legitimacy of an exchange’s trading volume. Trust Score is calculated on a range of metrics such as liquidity, the scale of operations, cybersecurity score, and more. Crypto.com’s Trust Score is a max. 10. Only 10 out of more than 500 cryptocurrency platforms have a Trust Score of 10.
CoinMarketCap’s Exchange Score is based on the following factors:
- Web Traffic
- Average Liquidity & Volume
- the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.
Crypto.com’s Exchange Score is 5.6.
Nomics’ metric is called Impact Score – and represents an exchange’s influence on the price of cryptocurrencies it trades. The score is a combination of web traffic, volume, and other factors.
Crypto.com’s Impact Score is 7.50.
The second Nomics metric, called Transparency Rating is B (good). Nomics explains the purpose of these scores as rating cryptocurrency exchanges by their willingness to provide auditable history.
CryptoCompare has established the notion of Top-Tier volume whereby investors can segment the market into higher and lower-risk volumes (A is the best and E is the worst grade).
Here’s current CyptoCompare’s classification of Crypto.com in comparison with other exchanges:
Listing requirements
When you apply for a listing on centralized exchanges, the legal team will examine your documentation, which usually includes the certificate of incorporation, legal id of team members, whitepaper, etc. In certain cases (like stable coins), they may require additional documents. You will be asked to provide key information about your token, team, and community. This information should persuade the exchange team that your token will be successful after listing. Take the time to do it well.
The project review consists of several key points:
- Project Introduction: The token issuer should write a short summary of what the project does or fill out a form providing necessary project details and information for review by the exchange’s team.
- Token Overview: This includes chain type (BSC, ERC, TRC, etc.), blockchain explorer, smart contract address, use of token, etc.
- Token Economics and Fundraising: You will be asked to provide information about token distribution, token unlock schedule, or conducted token sales.
- Marketing Strategy and Community: To check the user engagement and quality of business partnerships, the exchange will check community hubs with their main geographies. They check the website, Twitter, and Telegram channels, including the number of followers and likes per post. Projects should also introduce strategic partnerships with expected results.
- Project Team: Introduce your team members with bio descriptions of the Founder/CEO and core members, including Linkedin profile links..
- Listing Plan: Outline your plan for listing the token. If it’s not your debut, you’ll need to provide the exchange team with information on your existing markets and trading volumes on them.
- Market Maker: You must specify a market maker who works with you and provides initial liquidity during the listing.
By addressing these points thoroughly, you increase the probability of the approval and entry into negotiations.
We help token projects get listed on Crypto.com. We can introduce you to their listing team and verify the communication channels to protect you against scams. We also can help you in the negotiation process and ensure liquidity for your token at the very first moment of your listing. You can specify Empirica as your market maker – that could be an extra point for you :)
Contact us to learn how to increase your chances of a successful listing on Crypto.com.
What is the cost of listing a token on Crypto.com?
Most exchanges do not officially disclose listing fees, which can vary widely across different spots. Sometimes, exchanges may not charge anything for listing, while other times the fees can be substantial, with no upper limit. These amounts are always under NDA, so you probably will not find any credible information on them across the websites.
We can provide you with an overview of the listing costs on various exchanges based on our experience. Schedule a free consultation. We can discuss the best listing strategy for your token. You can consider our help in the fee negotiation process. As we have helped many project to get listed on Crypto.com, you can count on us in this process.
Our services include extensive support in the following areas:
- Introducing to verified listing teams. Prevent listing scams by verifying listing managers and communication channels.
- Assist in the listing negotiation process in regard to price and KPIs.
- Ensuring both initial and long-term liquidity for the listed token, fulfilling the exchange’s KPIs.
- Stabilizing prices across CEX and DEX platforms
Contact us and let’s talk about the details.
SCHEDULE AN APPOINTMENT WITH US TO DISCUSS THE LISTINGS AND BUILDING THE LIQUIDITY OF YOUR MARKETS
FAQ
WHERE IS CRYPTO.COM LOCATED?
It is headquartered in Singapore and has offices practically all over the world.
WHAT IS CRYPTO.COM’S DAILY TRADING VOLUME?
At the time of article writing (September 22, 2022), the 24h trading volume is close to $400 million, according to the data provided by Coingecko.
IN WHAT COUNTRIES IS CRYPTO.COM AVAILABLE?
Crypto.com is supported in 90 countries. Crypto.com also has a Visa Card that is available in Asia and the US. It is expected that the card will be introduced in other markets, including Canada, Australia, Brazil, and the EU.
WHAT IS TOKEN LIQUIDITY?
This term refers to the ease with which tokens can be swapped for other cryptocurrencies (other crypto assets or government-issued fiat currencies).
WHO ARE MARKET MAKERS?
A market maker is a company or individual that regularly buys and sells financial assets at a publicly quoted price to provide liquidity to the financial or digital asset markets. Their role is to satisfy market demand. Market making is also used as a profit generation trading strategy by hedge funds.
WHAT ARE THE BEST EXCHANGES TO BE LISTED ON?
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