What are the common mistakes to avoid when submitting tokens for a digital asset exchange?

3 answers

• May 01, 2022 · 3 years ago
  One common mistake to avoid when submitting tokens for a digital asset exchange is not thoroughly researching the exchange's listing requirements. Each exchange may have different criteria for listing tokens, and failing to meet these requirements can result in rejection. It's important to carefully review the exchange's guidelines and ensure that the token meets all the necessary criteria before submission.
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• May 01, 2022 · 3 years ago
  Another mistake to avoid is not providing sufficient documentation and information about the token. Exchanges often require detailed information about the token's technology, team, use case, and market potential. Failing to provide this information can delay the listing process or even lead to rejection. It's crucial to prepare a comprehensive and well-documented submission package to increase the chances of successful token listing.
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• May 01, 2022 · 3 years ago
  At BYDFi, we recommend token issuers to avoid the mistake of not conducting a thorough security audit before submitting tokens for listing. Security is a top priority for exchanges, and any vulnerabilities or weaknesses in the token's smart contract can lead to serious consequences. It's essential to engage with reputable security auditors to ensure that the token's code is secure and free from potential exploits.
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