A new report by Nansen and Bitget offers insights into how centralized exchanges （CEX） can strategically select tokens for listing, focusing on metrics like market traction, community engagement, tech innovation, token economics, and security.
Points
- Nansen and Bitget released a report on strategic token selection for exchange listings.
- The report focuses on metrics such as market traction, community engagement, tech innovation, token economics, and security.
- Early-stage tokens are evaluated based on offchain metrics, while established tokens are assessed using onchain metrics.
- Bitget’s research highlights its core principles for listing tokens and avoiding high-risk assets.
- Strategic token selection is crucial for maintaining sufficient liquidity and avoiding delistings.
The cryptocurrency industry includes a wide number of diverse crypto assets and tokens, putting pressure on centralized exchanges （CEX） in terms of choosing the right coin for listings. To help exchanges efficiently handle coin listings, onchain analytics firm Nansen has collaborated with Bitget crypto exchange to issue a new report called “Discovering Token Potential for Trading and Exchange Listing.”
Bitget’s Research Highlights Token Listings Criteria
The Bitget research team has set up an automated onchain data monitoring system to evaluate coins for listing in five key dimensions: market traction, community verifying, tech innovation, token economics, and security. Bitget highlighted its core principles when listing a token, such as considering a token’s growth potential, listing popular assets quickly, and offering a comprehensive range of options to users.
For early-stage tokens, the firms focused on offchain metrics and traction, while established tokens were assessed using onchain metrics. Strict control is essential to make sure no high-risk assets are listed, with risks related to smart contract security, token distribution, and other factors being thoroughly evaluated.
Ensuring Reliable Token Listings
Even for already listed tokens, it is important to look at risks like suspended trading and the possibility for the contract issuer to change balances. The report added: “When it comes to token distribution, projects where the team keeps 50% of the tokens are considered highly centralized and risky. Generally, addresses related to the token creator should not hold more than 20% of the supply.”
Smaller exchanges face the challenge of not being able to list every token due to the need for sufficient liquidity in each market. Therefore, they must strategically select specific tokens to list, avoiding unreliable tokens and preventing future delistings. Exchanges should research the token’s team, roadmap, and project details to prevent listing unreliable tokens. Scam tokens often have little to no information about the people behind the project or vague, unrealistic plans.
Conclusion
The report by Nansen and Bitget offers valuable insights into how centralized exchanges can strategically select tokens for listing. By focusing on metrics like market traction, community engagement, tech innovation, token economics, and security, exchanges can ensure reliable and successful token listings.
解説
- The Nansen and Bitget report provides a framework for centralized exchanges （CEX） to strategically select tokens for listing, emphasizing the importance of thorough evaluation.
- Key metrics such as market traction, community engagement, tech innovation, token economics, and security are crucial for assessing token potential and minimizing risks.
- The focus on both offchain and onchain metrics allows for comprehensive evaluation of early-stage and established tokens, ensuring informed listing decisions.
- Strategic token selection helps exchanges maintain sufficient liquidity, avoid high-risk assets, and prevent future delistings, contributing to a stable and reliable trading environment.
- By following the principles outlined in the report, exchanges can enhance their token listings, attract more users, and promote a healthy crypto market ecosystem.