[{"data":1,"prerenderedAt":2566},["ShallowReactive",2],{"blog-crypto-exchange-due-diligence-checklist":3,"related-crypto-exchange-due-diligence-checklist":521},{"_path":4,"_dir":5,"_draft":6,"_partial":6,"_locale":7,"title":8,"description":9,"date":10,"author":11,"category":12,"tags":13,"keywords":19,"image":25,"readTime":26,"body":27,"_type":515,"_id":516,"_source":517,"_file":518,"_stem":519,"_extension":520},"/blog/crypto-exchange-due-diligence-checklist","blog",false,"","Crypto Exchange Due Diligence Checklist: How to Vet an Exchange Before Listing Your Token","Crypto exchange due diligence checklist for token teams: how to vet liquidity, custody, regulation and listing terms before you sign a listing agreement.","2026-10-17","Fibonacci Capital","Exchanges",[14,15,16,17,18],"exchange due diligence","token listing","exchange vetting","listing checklist","cex",[20,21,22,23,24],"crypto exchange due diligence","how to vet a crypto exchange","exchange listing checklist","is this exchange safe to list on","exchange vetting for token projects","/assets/images/blog/crypto-exchange-due-diligence-checklist.jpg","8 min read",{"type":28,"children":29,"toc":502},"root",[30,38,43,50,55,60,66,80,85,110,123,129,134,158,171,177,182,200,205,211,216,322,343,349,354,377,382,388,400,406,439,445,466,479,485,490],{"type":31,"tag":32,"props":33,"children":34},"element","p",{},[35],{"type":36,"value":37},"text","To do crypto exchange due diligence before a listing, check six things in order: whether the exchange's volume and order book are real, how it holds customer assets, where it is licensed and what it restricts, what the listing agreement obliges you to do, how it treats listed tokens after launch, and who you can actually reach on its team. A listing is a commercial relationship that can last for years, so a venue that looks prestigious on a rankings page can still be a poor home for your token. This checklist is the vetting process we would want a project team to run before signing anything.",{"type":31,"tag":32,"props":39,"children":40},{},[41],{"type":36,"value":42},"Most guides cover what an exchange requires from you. This one covers the reverse: what you should require from the exchange.",{"type":31,"tag":44,"props":45,"children":47},"h2",{"id":46},"why-vetting-the-exchange-matters",[48],{"type":36,"value":49},"Why Vetting the Exchange Matters",{"type":31,"tag":32,"props":51,"children":52},{},[53],{"type":36,"value":54},"Founders tend to treat any listing offer as a win. That instinct is expensive. A weak venue can leave your token with thin, unrepresentative liquidity, tie you to terms that drain the treasury, or expose holders to an exchange that fails or restricts withdrawals. Your reputation travels with the venues you pick.",{"type":31,"tag":32,"props":56,"children":57},{},[58],{"type":36,"value":59},"Vetting also changes the negotiation. Exchanges respond differently to a team that asks informed questions, and the answers tell you how the relationship will run once the token is live.",{"type":31,"tag":44,"props":61,"children":63},{"id":62},"step-1-test-whether-the-liquidity-is-real",[64],{"type":36,"value":65},"Step 1: Test Whether the Liquidity Is Real",{"type":31,"tag":32,"props":67,"children":68},{},[69,71,78],{"type":36,"value":70},"Reported volume is the easiest number to manipulate, and wash trading has been a known problem across the industry. Do not rely on headline rankings. Our explainer on ",{"type":31,"tag":72,"props":73,"children":75},"a",{"href":74},"/blog/what-is-wash-trading-crypto",[76],{"type":36,"value":77},"what wash trading is in crypto",{"type":36,"value":79}," covers the patterns to look for.",{"type":31,"tag":32,"props":81,"children":82},{},[83],{"type":36,"value":84},"Practical checks:",{"type":31,"tag":86,"props":87,"children":88},"ul",{},[89,95,100,105],{"type":31,"tag":90,"props":91,"children":92},"li",{},[93],{"type":36,"value":94},"Open the order book for a comparable mid-cap token on the venue and look at depth within 1-2% of the mid price, not just the top of book.",{"type":31,"tag":90,"props":96,"children":97},{},[98],{"type":36,"value":99},"Compare the venue's quoted volume for a few tokens against the depth you see. Large volume on a book that empties with a modest order is a warning sign.",{"type":31,"tag":90,"props":101,"children":102},{},[103],{"type":36,"value":104},"Look for suspiciously regular trade sizes or volume that moves in lockstep regardless of market conditions.",{"type":31,"tag":90,"props":106,"children":107},{},[108],{"type":36,"value":109},"Ask the exchange which market makers are active on comparable listings, and ask your own market maker for their view of the venue.",{"type":31,"tag":32,"props":111,"children":112},{},[113,115,121],{"type":36,"value":114},"For the underlying logic, see ",{"type":31,"tag":72,"props":116,"children":118},{"href":117},"/blog/trading-volume-vs-liquidity",[119],{"type":36,"value":120},"trading volume vs liquidity",{"type":36,"value":122},".",{"type":31,"tag":44,"props":124,"children":126},{"id":125},"step-2-understand-custody-and-solvency",[127],{"type":36,"value":128},"Step 2: Understand Custody and Solvency",{"type":31,"tag":32,"props":130,"children":131},{},[132],{"type":36,"value":133},"Ask direct questions and note whether the answers are specific:",{"type":31,"tag":135,"props":136,"children":137},"ol",{},[138,143,148,153],{"type":31,"tag":90,"props":139,"children":140},{},[141],{"type":36,"value":142},"How are customer assets split between hot and cold storage?",{"type":31,"tag":90,"props":144,"children":145},{},[146],{"type":36,"value":147},"Does the exchange publish proof of reserves, and is it independently verified?",{"type":31,"tag":90,"props":149,"children":150},{},[151],{"type":36,"value":152},"Has it ever frozen withdrawals, and how was that handled?",{"type":31,"tag":90,"props":154,"children":155},{},[156],{"type":36,"value":157},"What is the policy if a listed token is hacked or exploited on-chain?",{"type":31,"tag":32,"props":159,"children":160},{},[161,163,169],{"type":36,"value":162},"Vague answers to custody questions are an answer in themselves. Remember that your own treasury may also sit on the exchange during the launch, so counterparty risk applies to you directly. Our guide to ",{"type":31,"tag":72,"props":164,"children":166},{"href":165},"/blog/crypto-custody-solutions-for-token-teams",[167],{"type":36,"value":168},"crypto custody for token teams",{"type":36,"value":170}," covers how to limit exposure.",{"type":31,"tag":44,"props":172,"children":174},{"id":173},"step-3-check-licensing-and-jurisdiction",[175],{"type":36,"value":176},"Step 3: Check Licensing and Jurisdiction",{"type":31,"tag":32,"props":178,"children":179},{},[180],{"type":36,"value":181},"Regulation determines who can trade your token. Verify, do not assume:",{"type":31,"tag":86,"props":183,"children":184},{},[185,190,195],{"type":31,"tag":90,"props":186,"children":187},{},[188],{"type":36,"value":189},"Which entity operates the exchange, and where is it registered?",{"type":31,"tag":90,"props":191,"children":192},{},[193],{"type":36,"value":194},"Which jurisdictions are blocked or restricted for trading and for new listings?",{"type":31,"tag":90,"props":196,"children":197},{},[198],{"type":36,"value":199},"Does the exchange screen tokens against securities concerns, and will your legal analysis hold up under that screening?",{"type":31,"tag":32,"props":201,"children":202},{},[203],{"type":36,"value":204},"If a major part of your community lives in a restricted region, the listing may not serve them at all. Take your lawyer's view on the venue before signing, not after.",{"type":31,"tag":44,"props":206,"children":208},{"id":207},"step-4-read-the-listing-agreement-like-a-counterparty",[209],{"type":36,"value":210},"Step 4: Read the Listing Agreement Like a Counterparty",{"type":31,"tag":32,"props":212,"children":213},{},[214],{"type":36,"value":215},"Terms vary widely, and this is where teams lose the most value. Review:",{"type":31,"tag":217,"props":218,"children":219},"table",{},[220,239],{"type":31,"tag":221,"props":222,"children":223},"thead",{},[224],{"type":31,"tag":225,"props":226,"children":227},"tr",{},[228,234],{"type":31,"tag":229,"props":230,"children":231},"th",{},[232],{"type":36,"value":233},"Term",{"type":31,"tag":229,"props":235,"children":236},{},[237],{"type":36,"value":238},"What to look for",{"type":31,"tag":240,"props":241,"children":242},"tbody",{},[243,257,270,283,296,309],{"type":31,"tag":225,"props":244,"children":245},{},[246,252],{"type":31,"tag":247,"props":248,"children":249},"td",{},[250],{"type":36,"value":251},"Fees",{"type":31,"tag":247,"props":253,"children":254},{},[255],{"type":36,"value":256},"Whether payment is cash, tokens, or both, and what you get for it",{"type":31,"tag":225,"props":258,"children":259},{},[260,265],{"type":31,"tag":247,"props":261,"children":262},{},[263],{"type":36,"value":264},"Token allocations",{"type":31,"tag":247,"props":266,"children":267},{},[268],{"type":36,"value":269},"Size, lockup and vesting of any tokens the exchange receives",{"type":31,"tag":225,"props":271,"children":272},{},[273,278],{"type":31,"tag":247,"props":274,"children":275},{},[276],{"type":36,"value":277},"Market making obligations",{"type":31,"tag":247,"props":279,"children":280},{},[281],{"type":36,"value":282},"Whether the exchange expects you to provide liquidity and to what standard",{"type":31,"tag":225,"props":284,"children":285},{},[286,291],{"type":31,"tag":247,"props":287,"children":288},{},[289],{"type":36,"value":290},"Marketing commitments",{"type":31,"tag":247,"props":292,"children":293},{},[294],{"type":36,"value":295},"What the exchange promises to do, and what you must do",{"type":31,"tag":225,"props":297,"children":298},{},[299,304],{"type":31,"tag":247,"props":300,"children":301},{},[302],{"type":36,"value":303},"Delisting conditions",{"type":31,"tag":247,"props":305,"children":306},{},[307],{"type":36,"value":308},"Triggers, notice periods, and what happens to holders",{"type":31,"tag":225,"props":310,"children":311},{},[312,317],{"type":31,"tag":247,"props":313,"children":314},{},[315],{"type":36,"value":316},"Exclusivity",{"type":31,"tag":247,"props":318,"children":319},{},[320],{"type":36,"value":321},"Whether you are barred from other venues or launch windows",{"type":31,"tag":32,"props":323,"children":324},{},[325,327,333,335,341],{"type":36,"value":326},"Be cautious of any structure that rewards the exchange mainly for the listing itself rather than for sustained trading. See our breakdown of ",{"type":31,"tag":72,"props":328,"children":330},{"href":329},"/blog/crypto-exchange-listing-fees",[331],{"type":36,"value":332},"crypto exchange listing fees",{"type":36,"value":334}," and the ",{"type":31,"tag":72,"props":336,"children":338},{"href":337},"/blog/crypto-exchange-listing-agreement",[339],{"type":36,"value":340},"listing agreement",{"type":36,"value":342}," for the clauses that matter most.",{"type":31,"tag":44,"props":344,"children":346},{"id":345},"step-5-look-at-how-listed-tokens-fare",[347],{"type":36,"value":348},"Step 5: Look at How Listed Tokens Fare",{"type":31,"tag":32,"props":350,"children":351},{},[352],{"type":36,"value":353},"Past behaviour is the best predictor. Review several recent listings on the venue:",{"type":31,"tag":86,"props":355,"children":356},{},[357,362,367,372],{"type":31,"tag":90,"props":358,"children":359},{},[360],{"type":36,"value":361},"How did price and liquidity evolve in the first weeks?",{"type":31,"tag":90,"props":363,"children":364},{},[365],{"type":36,"value":366},"Were there obvious signs of the venue supporting orderly markets?",{"type":31,"tag":90,"props":368,"children":369},{},[370],{"type":36,"value":371},"How were delistings handled, and with what notice?",{"type":31,"tag":90,"props":373,"children":374},{},[375],{"type":36,"value":376},"Does the exchange engage with project teams after launch?",{"type":31,"tag":32,"props":378,"children":379},{},[380],{"type":36,"value":381},"If you know founders who have listed there, ask them privately. Their experience is worth more than any marketing deck.",{"type":31,"tag":44,"props":383,"children":385},{"id":384},"step-6-assess-the-people-and-support",[386],{"type":36,"value":387},"Step 6: Assess the People and Support",{"type":31,"tag":32,"props":389,"children":390},{},[391,393,399],{"type":36,"value":392},"Find out who owns the relationship. A named listing contact, clear escalation paths, and fast answers during a volatile day matter more than most teams expect. On launch day you will need the exchange's technical and listing teams quickly, as described in our ",{"type":31,"tag":72,"props":394,"children":396},{"href":395},"/blog/tge-launch-day-runbook",[397],{"type":36,"value":398},"TGE launch day runbook",{"type":36,"value":122},{"type":31,"tag":44,"props":401,"children":403},{"id":402},"red-flags-worth-walking-away-from",[404],{"type":36,"value":405},"Red Flags Worth Walking Away From",{"type":31,"tag":86,"props":407,"children":408},{},[409,414,419,424,429,434],{"type":31,"tag":90,"props":410,"children":411},{},[412],{"type":36,"value":413},"Pressure to sign quickly or \"limited slots\" without a reason.",{"type":31,"tag":90,"props":415,"children":416},{},[417],{"type":36,"value":418},"Refusal to discuss custody, reserves or licensing.",{"type":31,"tag":90,"props":420,"children":421},{},[422],{"type":36,"value":423},"Fees that are large relative to the venue's real liquidity.",{"type":31,"tag":90,"props":425,"children":426},{},[427],{"type":36,"value":428},"Unwillingness to show comparable listing performance.",{"type":31,"tag":90,"props":430,"children":431},{},[432],{"type":36,"value":433},"Terms that allow delisting with little notice and no holder protection.",{"type":31,"tag":90,"props":435,"children":436},{},[437],{"type":36,"value":438},"An order book that looks active but does not hold up under test orders.",{"type":31,"tag":44,"props":440,"children":442},{"id":441},"decide-which-exchanges-deserve-your-token",[443],{"type":36,"value":444},"Decide Which Exchanges Deserve Your Token",{"type":31,"tag":32,"props":446,"children":447},{},[448,450,456,458,464],{"type":36,"value":449},"Vetting is not about finding a perfect exchange. It is about matching venue quality to your stage. Tier-1 exchanges bring credibility but selective access; smaller venues may be easier to land but demand more scrutiny. Use ",{"type":31,"tag":72,"props":451,"children":453},{"href":452},"/blog/which-crypto-exchanges-to-list-on",[454],{"type":36,"value":455},"which crypto exchanges to list on",{"type":36,"value":457}," to shortlist, then run this checklist on each. Also confirm you meet the venue's ",{"type":31,"tag":72,"props":459,"children":461},{"href":460},"/blog/crypto-exchange-listing-requirements",[462],{"type":36,"value":463},"listing requirements",{"type":36,"value":465}," before spending effort on the pitch.",{"type":31,"tag":32,"props":467,"children":468},{},[469,471,477],{"type":36,"value":470},"Price discovery also depends on how your token reaches the market in the first place. If you are still choosing a sale format, our comparison of ",{"type":31,"tag":72,"props":472,"children":474},{"href":473},"/blog/lbp-vs-fixed-price-vs-dutch-auction-token-sale",[475],{"type":36,"value":476},"LBP vs fixed-price vs Dutch auction token sales",{"type":36,"value":478}," explains how that choice affects your opening on an exchange.",{"type":31,"tag":44,"props":480,"children":482},{"id":481},"connect-the-venue-to-your-liquidity-plan",[483],{"type":36,"value":484},"Connect the Venue to Your Liquidity Plan",{"type":31,"tag":32,"props":486,"children":487},{},[488],{"type":36,"value":489},"A listing only works if the order book is healthy from the first minute. That means matching the venue to a market making plan, deciding inventory before you sign, and confirming the exchange's API and fee tiers allow your strategy. Fibonacci Capital works with token teams on exactly this step, aligning listing venues with liquidity and market making plans before launch day.",{"type":31,"tag":32,"props":491,"children":492},{},[493,495,501],{"type":36,"value":494},"If you want a second pair of eyes on a listing offer before you sign it, ",{"type":31,"tag":72,"props":496,"children":498},{"href":497},"/pretge",[499],{"type":36,"value":500},"get in touch with Fibonacci Capital",{"type":36,"value":122},{"title":7,"searchDepth":503,"depth":503,"links":504},2,[505,506,507,508,509,510,511,512,513,514],{"id":46,"depth":503,"text":49},{"id":62,"depth":503,"text":65},{"id":125,"depth":503,"text":128},{"id":173,"depth":503,"text":176},{"id":207,"depth":503,"text":210},{"id":345,"depth":503,"text":348},{"id":384,"depth":503,"text":387},{"id":402,"depth":503,"text":405},{"id":441,"depth":503,"text":444},{"id":481,"depth":503,"text":484},"markdown","content:blog:crypto-exchange-due-diligence-checklist.md","content","blog/crypto-exchange-due-diligence-checklist.md","blog/crypto-exchange-due-diligence-checklist","md",[522,1097,1949],{"_path":523,"_dir":5,"_draft":6,"_partial":6,"_locale":7,"title":524,"description":525,"date":526,"category":12,"readTime":527,"author":11,"tags":528,"keywords":534,"image":535,"body":536,"_type":515,"_id":1094,"_source":517,"_file":1095,"_stem":1096,"_extension":520},"/blog/crypto-exchange-listing-application-mistakes","Crypto Exchange Listing Application Mistakes: 8 Errors That Get Tokens Rejected","Crypto exchange listing application mistakes that get tokens rejected or stalled, from thin liquidity to weak documentation, and exactly how to fix each one.","2026-10-16","9 min read",[529,530,531,532,533],"exchange listing","listing application","token launch","due diligence","liquidity","crypto exchange listing application mistakes, why exchange listing rejected, exchange listing application tips, token listing rejected, how to apply for exchange listing, listing due diligence","/assets/images/blog/crypto-exchange-listing-application-mistakes.jpg",{"type":28,"children":537,"toc":1080},[538,544,549,569,574,580,585,596,614,620,625,634,643,666,672,677,686,710,716,721,730,747,753,758,767,784,790,795,804,819,825,830,839,856,862,867,876,898,904,909,1035,1040,1046,1051,1057,1068],{"type":31,"tag":44,"props":539,"children":541},{"id":540},"the-short-answer",[542],{"type":36,"value":543},"The Short Answer",{"type":31,"tag":32,"props":545,"children":546},{},[547],{"type":36,"value":548},"Most crypto exchange listing applications are not rejected for one dramatic reason. They stall or die because of a handful of repeated, avoidable mistakes: the project applies before its market is ready, the documents contradict each other, the token distribution looks risky, or nobody can show that liquidity will survive the first week. Exchange listing teams read a large queue of applications and look for reasons to say \"not yet.\" Your job is to remove those reasons before you submit.",{"type":31,"tag":32,"props":550,"children":551},{},[552,554,559,561,567],{"type":36,"value":553},"This guide covers eight mistakes we see most often, what the listing team is actually worried about in each case, and the fix. If you want the baseline criteria first, read our overview of ",{"type":31,"tag":72,"props":555,"children":556},{"href":460},[557],{"type":36,"value":558},"crypto exchange listing requirements",{"type":36,"value":560}," and the step-by-step ",{"type":31,"tag":72,"props":562,"children":564},{"href":563},"/blog/how-to-get-listed-on-crypto-exchange",[565],{"type":36,"value":566},"guide to getting listed on a crypto exchange",{"type":36,"value":568},". This article is the failure-mode companion to both.",{"type":31,"tag":32,"props":570,"children":571},{},[572],{"type":36,"value":573},"A note on scope: exchanges differ widely, and none of them publish a full scoring model. What follows reflects common patterns in listing due diligence, not a promise of how any single venue will decide.",{"type":31,"tag":44,"props":575,"children":577},{"id":576},"mistake-1-applying-before-the-market-is-ready",[578],{"type":36,"value":579},"Mistake 1: Applying Before the Market Is Ready",{"type":31,"tag":32,"props":581,"children":582},{},[583],{"type":36,"value":584},"The most common error is treating the application as the start of the process rather than the end of preparation. A listing team wants to know what happens to your token once it trades on their venue. If the honest answer is \"we will figure out liquidity after listing,\" the application is premature.",{"type":31,"tag":32,"props":586,"children":587},{},[588,594],{"type":31,"tag":589,"props":590,"children":591},"strong",{},[592],{"type":36,"value":593},"What they worry about:",{"type":36,"value":595}," a new listing with an empty order book produces wide spreads, wild price swings and angry users. That reflects on the exchange, not just on you.",{"type":31,"tag":32,"props":597,"children":598},{},[599,604,606,612],{"type":31,"tag":589,"props":600,"children":601},{},[602],{"type":36,"value":603},"The fix:",{"type":36,"value":605}," before applying, have a liquidity plan with named participants, an inventory plan, and a clear picture of the first-day order book. Our guide on ",{"type":31,"tag":72,"props":607,"children":609},{"href":608},"/blog/how-much-liquidity-does-a-token-need-at-launch",[610],{"type":36,"value":611},"how much liquidity a token needs at launch",{"type":36,"value":613}," is a good starting point for sizing it.",{"type":31,"tag":44,"props":615,"children":617},{"id":616},"mistake-2-inconsistent-or-missing-documentation",[618],{"type":36,"value":619},"Mistake 2: Inconsistent or Missing Documentation",{"type":31,"tag":32,"props":621,"children":622},{},[623],{"type":36,"value":624},"Listing teams cross-check everything. The whitepaper says one total supply, the website says another, and the audit report references a different contract address. Each inconsistency is a small signal of carelessness, and several together look like risk.",{"type":31,"tag":32,"props":626,"children":627},{},[628,632],{"type":31,"tag":589,"props":629,"children":630},{},[631],{"type":36,"value":593},{"type":36,"value":633}," a team that cannot keep its own documents aligned may also mishandle disclosures, unlocks and communications after listing.",{"type":31,"tag":32,"props":635,"children":636},{},[637,641],{"type":31,"tag":589,"props":638,"children":639},{},[640],{"type":36,"value":603},{"type":36,"value":642}," build a single source of truth and check every public artifact against it before submitting. At minimum, align:",{"type":31,"tag":86,"props":644,"children":645},{},[646,651,656,661],{"type":31,"tag":90,"props":647,"children":648},{},[649],{"type":36,"value":650},"Total supply, circulating supply and the contract address across whitepaper, website, audit and block explorer.",{"type":31,"tag":90,"props":652,"children":653},{},[654],{"type":36,"value":655},"Team names and roles across the site, social accounts and the application form.",{"type":31,"tag":90,"props":657,"children":658},{},[659],{"type":36,"value":660},"The unlock schedule in the whitepaper and the on-chain vesting contracts.",{"type":31,"tag":90,"props":662,"children":663},{},[664],{"type":36,"value":665},"Legal entity name and jurisdiction wherever they appear.",{"type":31,"tag":44,"props":667,"children":669},{"id":668},"mistake-3-a-token-distribution-that-looks-dangerous",[670],{"type":36,"value":671},"Mistake 3: A Token Distribution That Looks Dangerous",{"type":31,"tag":32,"props":673,"children":674},{},[675],{"type":36,"value":676},"Listing teams read tokenomics for sell-pressure risk. Heavy insider allocation, short vesting, large unlocks landing right after listing, or one wallet holding most of the circulating float all raise flags.",{"type":31,"tag":32,"props":678,"children":679},{},[680,684],{"type":31,"tag":589,"props":681,"children":682},{},[683],{"type":36,"value":593},{"type":36,"value":685}," retail users buying at listing and then watching early holders dump. That produces complaints and reputational damage for the venue.",{"type":31,"tag":32,"props":687,"children":688},{},[689,693,695,701,703,709],{"type":31,"tag":589,"props":690,"children":691},{},[692],{"type":36,"value":603},{"type":36,"value":694}," present a distribution you can defend, and show the data. Publish the vesting schedule, link the on-chain lockups, and explain the reasoning. If your design has a very low circulating share at launch, be ready to discuss it directly; our explainer on ",{"type":31,"tag":72,"props":696,"children":698},{"href":697},"/blog/low-float-vs-high-float-token-launch",[699],{"type":36,"value":700},"low float versus high float launches",{"type":36,"value":702}," covers the trade-offs. For the unlock side, see ",{"type":31,"tag":72,"props":704,"children":706},{"href":705},"/blog/token-unlocks-managing-sell-pressure",[707],{"type":36,"value":708},"token unlocks and managing sell pressure",{"type":36,"value":122},{"type":31,"tag":44,"props":711,"children":713},{"id":712},"mistake-4-unverifiable-traction-and-fake-engagement",[714],{"type":36,"value":715},"Mistake 4: Unverifiable Traction and Fake Engagement",{"type":31,"tag":32,"props":717,"children":718},{},[719],{"type":36,"value":720},"Inflated follower counts, bought Telegram members and recycled engagement are easy to spot. Listing teams look at community quality, not only size: whether people ask real questions, whether the team answers, whether activity continues outside announcement days.",{"type":31,"tag":32,"props":722,"children":723},{},[724,728],{"type":31,"tag":589,"props":725,"children":726},{},[727],{"type":36,"value":593},{"type":36,"value":729}," a community that exists only on paper will not generate organic trading volume, and the project may be a pump vehicle.",{"type":31,"tag":32,"props":731,"children":732},{},[733,737,739,745],{"type":31,"tag":589,"props":734,"children":735},{},[736],{"type":36,"value":603},{"type":36,"value":738}," report fewer numbers and make them real. Active users, retention and genuine product usage are more persuasive than a headline follower count. If you run an incentive campaign, describe it honestly as one. Our guide on ",{"type":31,"tag":72,"props":740,"children":742},{"href":741},"/blog/how-to-build-a-crypto-community",[743],{"type":36,"value":744},"building a crypto community",{"type":36,"value":746}," explains what healthy engagement looks like.",{"type":31,"tag":44,"props":748,"children":750},{"id":749},"mistake-5-no-credible-security-posture",[751],{"type":36,"value":752},"Mistake 5: No Credible Security Posture",{"type":31,"tag":32,"props":754,"children":755},{},[756],{"type":36,"value":757},"A missing or outdated audit, an unaddressed critical finding, or admin keys held by a single person are common blockers. Listing teams treat a hack of a listed token as an incident of their own.",{"type":31,"tag":32,"props":759,"children":760},{},[761,765],{"type":31,"tag":589,"props":762,"children":763},{},[764],{"type":36,"value":593},{"type":36,"value":766}," an exploit that freezes deposits or withdrawals and forces the venue into an emergency delisting.",{"type":31,"tag":32,"props":768,"children":769},{},[770,774,776,782],{"type":31,"tag":589,"props":771,"children":772},{},[773],{"type":36,"value":603},{"type":36,"value":775}," complete an audit before you apply, resolve or clearly explain every high-severity finding, and document who controls privileged functions. If upgradeable contracts or multisigs are involved, say so and describe the signer set. See ",{"type":31,"tag":72,"props":777,"children":779},{"href":778},"/blog/smart-contract-audits-before-launch",[780],{"type":36,"value":781},"smart contract audits before launch",{"type":36,"value":783}," for what a defensible audit process includes.",{"type":31,"tag":44,"props":785,"children":787},{"id":786},"mistake-6-treating-the-listing-fee-as-the-whole-budget",[788],{"type":36,"value":789},"Mistake 6: Treating the Listing Fee as the Whole Budget",{"type":31,"tag":32,"props":791,"children":792},{},[793],{"type":36,"value":794},"Some teams negotiate or pay the listing fee and assume the spend is done. In practice the larger costs sit around the listing: market making inventory, marketing, the cost of keeping spreads tight, and sometimes incentive programs the venue expects.",{"type":31,"tag":32,"props":796,"children":797},{},[798,802],{"type":31,"tag":589,"props":799,"children":800},{},[801],{"type":36,"value":593},{"type":36,"value":803}," a project that exhausts its budget on day one and then cannot support its own market.",{"type":31,"tag":32,"props":805,"children":806},{},[807,811,813,817],{"type":31,"tag":589,"props":808,"children":809},{},[810],{"type":36,"value":603},{"type":36,"value":812}," budget the full cost stack, not just the fee. Our breakdown of ",{"type":31,"tag":72,"props":814,"children":815},{"href":329},[816],{"type":36,"value":332},{"type":36,"value":818}," shows how to think about each component. Do not rely on any number you cannot verify with the venue directly; fee structures and expectations vary and change.",{"type":31,"tag":44,"props":820,"children":822},{"id":821},"mistake-7-ignoring-regulatory-and-jurisdiction-questions",[823],{"type":36,"value":824},"Mistake 7: Ignoring Regulatory and Jurisdiction Questions",{"type":31,"tag":32,"props":826,"children":827},{},[828],{"type":36,"value":829},"Applications that cannot answer basic questions about the legal entity, the jurisdictions where the token will be offered, and whether the token could be treated as a security tend to slow down in compliance review, regardless of how strong the product is.",{"type":31,"tag":32,"props":831,"children":832},{},[833,837],{"type":31,"tag":589,"props":834,"children":835},{},[836],{"type":36,"value":593},{"type":36,"value":838}," regulatory exposure for the venue in the regions where it operates.",{"type":31,"tag":32,"props":840,"children":841},{},[842,846,848,854],{"type":31,"tag":589,"props":843,"children":844},{},[845],{"type":36,"value":603},{"type":36,"value":847}," have a short, accurate legal summary ready: the issuing entity, where it is incorporated, the restricted jurisdictions, and whether you have taken legal advice on token classification. This is not a substitute for counsel. See ",{"type":31,"tag":72,"props":849,"children":851},{"href":850},"/blog/token-launch-legal-considerations",[852],{"type":36,"value":853},"token launch legal considerations",{"type":36,"value":855}," for the general landscape, and speak to a qualified lawyer for your specific case.",{"type":31,"tag":44,"props":857,"children":859},{"id":858},"mistake-8-a-weak-plan-for-the-first-week-after-listing",[860],{"type":36,"value":861},"Mistake 8: A Weak Plan for the First Week After Listing",{"type":31,"tag":32,"props":863,"children":864},{},[865],{"type":36,"value":866},"Many applications stop at the listing date. Reviewers want to see what comes next: who provides liquidity, how announcements are sequenced, how you will handle volatility, and what happens if the price moves sharply in the first hours.",{"type":31,"tag":32,"props":868,"children":869},{},[870,874],{"type":31,"tag":589,"props":871,"children":872},{},[873],{"type":36,"value":593},{"type":36,"value":875}," a messy first week that generates support tickets, social media complaints and a bad outcome for the venue's users.",{"type":31,"tag":32,"props":877,"children":878},{},[879,883,885,891,892,896],{"type":31,"tag":589,"props":880,"children":881},{},[882],{"type":36,"value":603},{"type":36,"value":884}," attach a short post-listing plan. Cover market making coverage, communications, a point of contact on the team, and how you will respond to abnormal volume. Our ",{"type":31,"tag":72,"props":886,"children":888},{"href":887},"/blog/post-tge-strategy-guide",[889],{"type":36,"value":890},"post-TGE strategy guide",{"type":36,"value":334},{"type":31,"tag":72,"props":893,"children":894},{"href":395},[895],{"type":36,"value":398},{"type":36,"value":897}," give a template.",{"type":31,"tag":44,"props":899,"children":901},{"id":900},"a-pre-submission-checklist",[902],{"type":36,"value":903},"A Pre-Submission Checklist",{"type":31,"tag":32,"props":905,"children":906},{},[907],{"type":36,"value":908},"Run through this list before you hit send:",{"type":31,"tag":217,"props":910,"children":911},{},[912,928],{"type":31,"tag":221,"props":913,"children":914},{},[915],{"type":31,"tag":225,"props":916,"children":917},{},[918,923],{"type":31,"tag":229,"props":919,"children":920},{},[921],{"type":36,"value":922},"Area",{"type":31,"tag":229,"props":924,"children":925},{},[926],{"type":36,"value":927},"What to confirm",{"type":31,"tag":240,"props":929,"children":930},{},[931,944,957,970,983,996,1009,1022],{"type":31,"tag":225,"props":932,"children":933},{},[934,939],{"type":31,"tag":247,"props":935,"children":936},{},[937],{"type":36,"value":938},"Liquidity",{"type":31,"tag":247,"props":940,"children":941},{},[942],{"type":36,"value":943},"Named plan, inventory sized, first-day book modelled",{"type":31,"tag":225,"props":945,"children":946},{},[947,952],{"type":31,"tag":247,"props":948,"children":949},{},[950],{"type":36,"value":951},"Documents",{"type":31,"tag":247,"props":953,"children":954},{},[955],{"type":36,"value":956},"Supply, addresses, team and entity consistent everywhere",{"type":31,"tag":225,"props":958,"children":959},{},[960,965],{"type":31,"tag":247,"props":961,"children":962},{},[963],{"type":36,"value":964},"Distribution",{"type":31,"tag":247,"props":966,"children":967},{},[968],{"type":36,"value":969},"Vesting published, on-chain lockups linked, unlock calendar clear",{"type":31,"tag":225,"props":971,"children":972},{},[973,978],{"type":31,"tag":247,"props":974,"children":975},{},[976],{"type":36,"value":977},"Community",{"type":31,"tag":247,"props":979,"children":980},{},[981],{"type":36,"value":982},"Real engagement metrics, no purchased followers",{"type":31,"tag":225,"props":984,"children":985},{},[986,991],{"type":31,"tag":247,"props":987,"children":988},{},[989],{"type":36,"value":990},"Security",{"type":31,"tag":247,"props":992,"children":993},{},[994],{"type":36,"value":995},"Audit complete, findings resolved, key control documented",{"type":31,"tag":225,"props":997,"children":998},{},[999,1004],{"type":31,"tag":247,"props":1000,"children":1001},{},[1002],{"type":36,"value":1003},"Budget",{"type":31,"tag":247,"props":1005,"children":1006},{},[1007],{"type":36,"value":1008},"Fee plus liquidity, marketing and support costs covered",{"type":31,"tag":225,"props":1010,"children":1011},{},[1012,1017],{"type":31,"tag":247,"props":1013,"children":1014},{},[1015],{"type":36,"value":1016},"Legal",{"type":31,"tag":247,"props":1018,"children":1019},{},[1020],{"type":36,"value":1021},"Entity, jurisdictions and counsel position summarised",{"type":31,"tag":225,"props":1023,"children":1024},{},[1025,1030],{"type":31,"tag":247,"props":1026,"children":1027},{},[1028],{"type":36,"value":1029},"Post-listing",{"type":31,"tag":247,"props":1031,"children":1032},{},[1033],{"type":36,"value":1034},"Week-one plan with a named contact",{"type":31,"tag":32,"props":1036,"children":1037},{},[1038],{"type":36,"value":1039},"If any row is a \"no,\" fix it before applying. A premature application that gets declined can make a later, better application harder, because the venue already has an impression of the project.",{"type":31,"tag":44,"props":1041,"children":1043},{"id":1042},"which-mistake-matters-most",[1044],{"type":36,"value":1045},"Which Mistake Matters Most",{"type":31,"tag":32,"props":1047,"children":1048},{},[1049],{"type":36,"value":1050},"If you can only fix one thing, fix liquidity readiness. Every other mistake is about reducing risk for the venue, and the largest visible risk to a new listing is a thin, unstable order book. Projects that arrive with a credible market making and liquidity plan answer the question the listing team cares about before they ask it.",{"type":31,"tag":44,"props":1052,"children":1054},{"id":1053},"where-fibonacci-capital-fits",[1055],{"type":36,"value":1056},"Where Fibonacci Capital Fits",{"type":31,"tag":32,"props":1058,"children":1059},{},[1060,1062,1067],{"type":36,"value":1061},"Fibonacci Capital works with token teams on liquidity and market making ahead of listings, so the order book is not a question mark when the application lands. Preparing the market first usually makes every other part of the application easier to defend. If you are mapping out a listing, ",{"type":31,"tag":72,"props":1063,"children":1064},{"href":497},[1065],{"type":36,"value":1066},"talk to us about pre-TGE and listing readiness",{"type":36,"value":122},{"type":31,"tag":32,"props":1069,"children":1070},{},[1071,1073,1079],{"type":36,"value":1072},"For a related look at how derivatives venues evaluate your market, see ",{"type":31,"tag":72,"props":1074,"children":1076},{"href":1075},"/blog/perpetual-futures-funding-rates-token-teams",[1077],{"type":36,"value":1078},"perpetual futures funding rates for token teams",{"type":36,"value":122},{"title":7,"searchDepth":503,"depth":503,"links":1081},[1082,1083,1084,1085,1086,1087,1088,1089,1090,1091,1092,1093],{"id":540,"depth":503,"text":543},{"id":576,"depth":503,"text":579},{"id":616,"depth":503,"text":619},{"id":668,"depth":503,"text":671},{"id":712,"depth":503,"text":715},{"id":749,"depth":503,"text":752},{"id":786,"depth":503,"text":789},{"id":821,"depth":503,"text":824},{"id":858,"depth":503,"text":861},{"id":900,"depth":503,"text":903},{"id":1042,"depth":503,"text":1045},{"id":1053,"depth":503,"text":1056},"content:blog:crypto-exchange-listing-application-mistakes.md","blog/crypto-exchange-listing-application-mistakes.md","blog/crypto-exchange-listing-application-mistakes",{"_path":1098,"_dir":5,"_draft":6,"_partial":6,"_locale":7,"title":1099,"description":1100,"date":1101,"author":11,"category":12,"tags":1102,"keywords":1105,"image":1111,"readTime":527,"body":1112,"_type":515,"_id":1946,"_source":517,"_file":1947,"_stem":1948,"_extension":520},"/blog/how-to-get-listed-on-coingecko-and-coinmarketcap","How to Get Listed on CoinGecko and CoinMarketCap: A Checklist for Token Teams","How to get listed on CoinGecko and CoinMarketCap: the requirements, the application checklist, supply data that gets approved, and the mistakes that cause rejection.","2026-09-29",[1103,1104,531,529],"coingecko listing","coinmarketcap listing",[1106,1107,1108,1109,1110],"how to get listed on coingecko","coinmarketcap listing requirements","coingecko listing requirements","list token on coinmarketcap","coingecko and coinmarketcap listing checklist","/assets/images/blog/how-to-get-listed-on-coingecko-and-coinmarketcap.jpg",{"type":28,"children":1113,"toc":1923},[1114,1119,1124,1130,1135,1168,1173,1179,1184,1191,1196,1208,1214,1232,1238,1261,1267,1280,1286,1291,1296,1396,1401,1414,1420,1425,1433,1505,1513,1544,1552,1601,1609,1640,1646,1652,1657,1663,1675,1681,1686,1692,1697,1703,1708,1714,1719,1725,1840,1845,1851,1856,1889,1900,1906,1911],{"type":31,"tag":32,"props":1115,"children":1116},{},[1117],{"type":36,"value":1118},"To get listed on CoinGecko and CoinMarketCap, your token must first be actively trading on at least one exchange or DEX pool that the platform already tracks. Once it is, you submit the official request form on each site (CoinGecko's \"new coin\" form and CoinMarketCap's listing request form), supplying a verified contract address, block explorer links, a logo, a website, official social channels and a clear, verifiable breakdown of circulating and total supply. The data aggregators do not list tokens that are not yet trading, and neither sells a place on its rankings through its standard process. Everything else in this guide is about getting the application approved the first time instead of the third.",{"type":31,"tag":32,"props":1120,"children":1121},{},[1122],{"type":36,"value":1123},"Why it matters: for most retail traders and a surprising number of funds, a token that is not on CoinGecko or CoinMarketCap barely exists. Wallets, portfolio trackers, tax tools and many DEX front-ends pull prices and metadata from these two sources. A missing or wrong listing costs visibility; a listing with wrong supply numbers costs credibility, because your market cap is published incorrectly to everyone who looks.",{"type":31,"tag":44,"props":1125,"children":1127},{"id":1126},"what-coingecko-and-coinmarketcap-actually-check",[1128],{"type":36,"value":1129},"What CoinGecko and CoinMarketCap Actually Check",{"type":31,"tag":32,"props":1131,"children":1132},{},[1133],{"type":36,"value":1134},"Both platforms are data aggregators, not exchanges. They are not judging whether your project is a good investment. They are checking three things:",{"type":31,"tag":135,"props":1136,"children":1137},{},[1138,1148,1158],{"type":31,"tag":90,"props":1139,"children":1140},{},[1141,1146],{"type":31,"tag":589,"props":1142,"children":1143},{},[1144],{"type":36,"value":1145},"Is the asset real and trading?",{"type":36,"value":1147}," There must be a live market on a venue they track, with genuine activity.",{"type":31,"tag":90,"props":1149,"children":1150},{},[1151,1156],{"type":31,"tag":589,"props":1152,"children":1153},{},[1154],{"type":36,"value":1155},"Is the submitter really the project?",{"type":36,"value":1157}," They verify that the request comes from the team, usually through an official email domain and confirmation from official channels.",{"type":31,"tag":90,"props":1159,"children":1160},{},[1161,1166],{"type":31,"tag":589,"props":1162,"children":1163},{},[1164],{"type":36,"value":1165},"Is the data accurate?",{"type":36,"value":1167}," Contract addresses, supply figures and links must be correct and independently checkable.",{"type":31,"tag":32,"props":1169,"children":1170},{},[1171],{"type":36,"value":1172},"CoinMarketCap is generally regarded as the stricter of the two, particularly on trading activity and liquidity thresholds, and its review often takes longer. CoinGecko tends to be the first listing most new tokens get. Neither platform publishes a guaranteed turnaround, so plan your launch communications around \"listing submitted\", not a specific approval date.",{"type":31,"tag":44,"props":1174,"children":1176},{"id":1175},"prerequisites-before-you-apply",[1177],{"type":36,"value":1178},"Prerequisites Before You Apply",{"type":31,"tag":32,"props":1180,"children":1181},{},[1182],{"type":36,"value":1183},"Do not submit until every item below is in place. Incomplete applications are the most common reason for rejection or long delays, and a rejected request can mean waiting before you can reapply.",{"type":31,"tag":1185,"props":1186,"children":1188},"h3",{"id":1187},"trading-market-on-a-tracked-venue",[1189],{"type":36,"value":1190},"Trading market on a tracked venue",{"type":31,"tag":32,"props":1192,"children":1193},{},[1194],{"type":36,"value":1195},"The token must trade on a centralized exchange or DEX that the aggregator already tracks. For DEX launches, this typically means a pool on a supported chain and DEX with real liquidity behind it. A pool seeded with a token amount of liquidity and a handful of trades rarely passes, and CoinMarketCap in particular looks for meaningful volume and depth.",{"type":31,"tag":32,"props":1197,"children":1198},{},[1199,1201,1206],{"type":36,"value":1200},"If you are still deciding where to trade first, the order matters here. A listing on a tracked centralized exchange often makes the aggregator application smoother. Our guide on ",{"type":31,"tag":72,"props":1202,"children":1203},{"href":563},[1204],{"type":36,"value":1205},"how to get listed on a crypto exchange",{"type":36,"value":1207}," covers that process.",{"type":31,"tag":1185,"props":1209,"children":1211},{"id":1210},"verified-contract-and-explorer-links",[1212],{"type":36,"value":1213},"Verified contract and explorer links",{"type":31,"tag":86,"props":1215,"children":1216},{},[1217,1222,1227],{"type":31,"tag":90,"props":1218,"children":1219},{},[1220],{"type":36,"value":1221},"Contract source code verified on the chain's block explorer",{"type":31,"tag":90,"props":1223,"children":1224},{},[1225],{"type":36,"value":1226},"Correct contract address for every chain the token exists on, including bridged versions you consider official",{"type":31,"tag":90,"props":1228,"children":1229},{},[1230],{"type":36,"value":1231},"Token holder page and explorer links ready to paste",{"type":31,"tag":1185,"props":1233,"children":1235},{"id":1234},"official-presence-that-matches-your-submission",[1236],{"type":36,"value":1237},"Official presence that matches your submission",{"type":31,"tag":86,"props":1239,"children":1240},{},[1241,1246,1251,1256],{"type":31,"tag":90,"props":1242,"children":1243},{},[1244],{"type":36,"value":1245},"A live website on your own domain, with the contract address published on it",{"type":31,"tag":90,"props":1247,"children":1248},{},[1249],{"type":36,"value":1250},"An email address on that same domain for the submitter (free email providers are a common rejection trigger)",{"type":31,"tag":90,"props":1252,"children":1253},{},[1254],{"type":36,"value":1255},"Official X, Telegram, Discord or equivalent, linked from the website",{"type":31,"tag":90,"props":1257,"children":1258},{},[1259],{"type":36,"value":1260},"A whitepaper, litepaper or documentation page",{"type":31,"tag":1185,"props":1262,"children":1264},{"id":1263},"assets",[1265],{"type":36,"value":1266},"Assets",{"type":31,"tag":86,"props":1268,"children":1269},{},[1270,1275],{"type":31,"tag":90,"props":1271,"children":1272},{},[1273],{"type":36,"value":1274},"Logo in the size and format each platform requests (typically a square PNG with a transparent background)",{"type":31,"tag":90,"props":1276,"children":1277},{},[1278],{"type":36,"value":1279},"A short, factual project description with no price predictions or return promises",{"type":31,"tag":44,"props":1281,"children":1283},{"id":1282},"the-supply-data-where-most-applications-stall",[1284],{"type":36,"value":1285},"The Supply Data: Where Most Applications Stall",{"type":31,"tag":32,"props":1287,"children":1288},{},[1289],{"type":36,"value":1290},"Circulating supply is the field that causes the most back-and-forth. The aggregators publish market cap as price multiplied by circulating supply, so they want to see exactly how you arrived at your number.",{"type":31,"tag":32,"props":1292,"children":1293},{},[1294],{"type":36,"value":1295},"Prepare a supply breakdown that a reviewer can verify on-chain:",{"type":31,"tag":217,"props":1297,"children":1298},{},[1299,1315],{"type":31,"tag":221,"props":1300,"children":1301},{},[1302],{"type":31,"tag":225,"props":1303,"children":1304},{},[1305,1310],{"type":31,"tag":229,"props":1306,"children":1307},{},[1308],{"type":36,"value":1309},"Item",{"type":31,"tag":229,"props":1311,"children":1312},{},[1313],{"type":36,"value":1314},"What to provide",{"type":31,"tag":240,"props":1316,"children":1317},{},[1318,1331,1344,1357,1370,1383],{"type":31,"tag":225,"props":1319,"children":1320},{},[1321,1326],{"type":31,"tag":247,"props":1322,"children":1323},{},[1324],{"type":36,"value":1325},"Total supply",{"type":31,"tag":247,"props":1327,"children":1328},{},[1329],{"type":36,"value":1330},"Figure matching the contract, net of any burns",{"type":31,"tag":225,"props":1332,"children":1333},{},[1334,1339],{"type":31,"tag":247,"props":1335,"children":1336},{},[1337],{"type":36,"value":1338},"Max supply",{"type":31,"tag":247,"props":1340,"children":1341},{},[1342],{"type":36,"value":1343},"Hard cap, or state clearly that there is none",{"type":31,"tag":225,"props":1345,"children":1346},{},[1347,1352],{"type":31,"tag":247,"props":1348,"children":1349},{},[1350],{"type":36,"value":1351},"Circulating supply",{"type":31,"tag":247,"props":1353,"children":1354},{},[1355],{"type":36,"value":1356},"The number, plus the calculation behind it",{"type":31,"tag":225,"props":1358,"children":1359},{},[1360,1365],{"type":31,"tag":247,"props":1361,"children":1362},{},[1363],{"type":36,"value":1364},"Excluded wallets",{"type":31,"tag":247,"props":1366,"children":1367},{},[1368],{"type":36,"value":1369},"Addresses for team, investor, treasury, foundation, ecosystem and vesting contracts, each labelled",{"type":31,"tag":225,"props":1371,"children":1372},{},[1373,1378],{"type":31,"tag":247,"props":1374,"children":1375},{},[1376],{"type":36,"value":1377},"Vesting and unlock schedule",{"type":31,"tag":247,"props":1379,"children":1380},{},[1381],{"type":36,"value":1382},"Dates and amounts, ideally linking to the vesting contract",{"type":31,"tag":225,"props":1384,"children":1385},{},[1386,1391],{"type":31,"tag":247,"props":1387,"children":1388},{},[1389],{"type":36,"value":1390},"Supply API (optional)",{"type":31,"tag":247,"props":1392,"children":1393},{},[1394],{"type":36,"value":1395},"An endpoint returning current circulating and total supply, if you want figures to update automatically",{"type":31,"tag":32,"props":1397,"children":1398},{},[1399],{"type":36,"value":1400},"The logic is simple: circulating supply is total supply minus tokens that are locked, unvested or held in project-controlled wallets that are not freely tradable. Label every excluded wallet. If a reviewer cannot tell why a large balance is excluded, expect a question or a rejection.",{"type":31,"tag":32,"props":1402,"children":1403},{},[1404,1406,1412],{"type":36,"value":1405},"Keep this breakdown consistent with your tokenomics documentation and your exchange listing materials. When a token's circulating supply on CoinGecko differs from the figure in its own docs, traders notice, and the story that circulates is rarely charitable. If your unlock schedule is not yet finalised, our guide to ",{"type":31,"tag":72,"props":1407,"children":1409},{"href":1408},"/blog/token-vesting-schedules-explained",[1410],{"type":36,"value":1411},"token vesting schedules",{"type":36,"value":1413}," covers the design choices.",{"type":31,"tag":44,"props":1415,"children":1417},{"id":1416},"step-by-step-application-checklist",[1418],{"type":36,"value":1419},"Step-by-Step Application Checklist",{"type":31,"tag":32,"props":1421,"children":1422},{},[1423],{"type":36,"value":1424},"Work through this in order. 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real trading, not just a nominal pool",{"type":31,"tag":90,"props":1536,"children":1538},{"className":1537},[1441],[1539,1542],{"type":31,"tag":1444,"props":1540,"children":1541},{"disabled":1446,"type":1447},[],{"type":36,"value":1543}," Market making or liquidity support active so spreads and depth hold up after the first hours",{"type":31,"tag":32,"props":1545,"children":1546},{},[1547],{"type":31,"tag":589,"props":1548,"children":1549},{},[1550],{"type":36,"value":1551},"Submission",{"type":31,"tag":86,"props":1553,"children":1555},{"className":1554},[1436],[1556,1565,1574,1583,1592],{"type":31,"tag":90,"props":1557,"children":1559},{"className":1558},[1441],[1560,1563],{"type":31,"tag":1444,"props":1561,"children":1562},{"disabled":1446,"type":1447},[],{"type":36,"value":1564}," Submit CoinGecko request through the official form on 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Submitting pre-launch generally gets the request closed. Prepare everything in advance, then submit once trading is live.",{"type":31,"tag":1185,"props":1658,"children":1660},{"id":1659},"thin-or-artificial-trading-activity",[1661],{"type":36,"value":1662},"Thin or artificial trading activity",{"type":31,"tag":32,"props":1664,"children":1665},{},[1666,1668,1673],{"type":36,"value":1667},"A shallow pool with sporadic trades can fail the activity check, and volume that looks manufactured is a bigger problem. Both platforms have become more sophisticated at spotting wash-traded volume, and a project caught inflating activity risks more than a rejected application. See ",{"type":31,"tag":72,"props":1669,"children":1670},{"href":74},[1671],{"type":36,"value":1672},"what wash trading is and why it backfires",{"type":36,"value":1674}," for how this is detected. The fix is real liquidity: genuine two-sided depth and organic flow, not a volume number.",{"type":31,"tag":1185,"props":1676,"children":1678},{"id":1677},"unverifiable-circulating-supply",[1679],{"type":36,"value":1680},"Unverifiable circulating supply",{"type":31,"tag":32,"props":1682,"children":1683},{},[1684],{"type":36,"value":1685},"Reporting circulating supply without labelled wallet addresses, or excluding wallets without explaining why, is the most common reason for back-and-forth. Give the reviewer everything they need to reproduce your number.",{"type":31,"tag":1185,"props":1687,"children":1689},{"id":1688},"submitting-from-a-personal-or-free-email-address",[1690],{"type":36,"value":1691},"Submitting from a personal or free email address",{"type":31,"tag":32,"props":1693,"children":1694},{},[1695],{"type":36,"value":1696},"If the submitter cannot be tied to the project domain, reviewers have no easy way to confirm the request is legitimate. 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There is no benefit in waiting for one before submitting to the other, and different approval dates are normal.",{"type":31,"tag":44,"props":1846,"children":1848},{"id":1847},"what-happens-after-you-are-listed",[1849],{"type":36,"value":1850},"What Happens After You Are Listed",{"type":31,"tag":32,"props":1852,"children":1853},{},[1854],{"type":36,"value":1855},"Approval is the start, not the end. 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For a token team, sponsoring one is a way to pull the exchange's user base onto your pair in its first weeks. Done well, it seeds a real market with real participants. Done badly, it buys a volume chart that collapses the day the leaderboard closes and leaves a wave of rewarded sellers holding your token.",{"type":31,"tag":32,"props":1977,"children":1978},{},[1979],{"type":36,"value":1980},"Most exchanges offer some version of this as part of a listing package, and many will ask the project to fund the prize pool. That makes it one of the first large marketing decisions a team makes after signing a listing agreement, and one of the least scrutinised. Below are the eight mistakes that come up most often, and what to do instead.",{"type":31,"tag":32,"props":1982,"children":1983},{},[1984,1986,1991],{"type":36,"value":1985},"If you have not signed the listing yet, read the ",{"type":31,"tag":72,"props":1987,"children":1988},{"href":337},[1989],{"type":36,"value":1990},"crypto exchange listing agreement guide",{"type":36,"value":1992}," first — the competition terms are often buried in the same document.",{"type":31,"tag":44,"props":1994,"children":1996},{"id":1995},"how-trading-competitions-are-usually-structured",[1997],{"type":36,"value":1998},"How Trading Competitions Are Usually Structured",{"type":31,"tag":32,"props":2000,"children":2001},{},[2002],{"type":36,"value":2003},"Before the mistakes, it helps to know the common formats. Exchanges vary, and the exact mechanics are set per campaign, but most fall into one of these patterns:",{"type":31,"tag":217,"props":2005,"children":2006},{},[2007,2028],{"type":31,"tag":221,"props":2008,"children":2009},{},[2010],{"type":31,"tag":225,"props":2011,"children":2012},{},[2013,2018,2023],{"type":31,"tag":229,"props":2014,"children":2015},{},[2016],{"type":36,"value":2017},"Format",{"type":31,"tag":229,"props":2019,"children":2020},{},[2021],{"type":36,"value":2022},"How winners are ranked",{"type":31,"tag":229,"props":2024,"children":2025},{},[2026],{"type":36,"value":2027},"What it tends to encourage",{"type":31,"tag":240,"props":2029,"children":2030},{},[2031,2049,2067,2085,2103,2121],{"type":31,"tag":225,"props":2032,"children":2033},{},[2034,2039,2044],{"type":31,"tag":247,"props":2035,"children":2036},{},[2037],{"type":36,"value":2038},"Volume leaderboard",{"type":31,"tag":247,"props":2040,"children":2041},{},[2042],{"type":36,"value":2043},"Total traded volume on the pair",{"type":31,"tag":247,"props":2045,"children":2046},{},[2047],{"type":36,"value":2048},"High turnover, self-matching, fee-farming",{"type":31,"tag":225,"props":2050,"children":2051},{},[2052,2057,2062],{"type":31,"tag":247,"props":2053,"children":2054},{},[2055],{"type":36,"value":2056},"Net buy leaderboard",{"type":31,"tag":247,"props":2058,"children":2059},{},[2060],{"type":36,"value":2061},"Buys minus sells over the period",{"type":31,"tag":247,"props":2063,"children":2064},{},[2065],{"type":36,"value":2066},"Accumulation during the event, selling after",{"type":31,"tag":225,"props":2068,"children":2069},{},[2070,2075,2080],{"type":31,"tag":247,"props":2071,"children":2072},{},[2073],{"type":36,"value":2074},"Profit / PnL ranking",{"type":31,"tag":247,"props":2076,"children":2077},{},[2078],{"type":36,"value":2079},"Realised or total return",{"type":31,"tag":247,"props":2081,"children":2082},{},[2083],{"type":36,"value":2084},"Directional trading, sometimes leverage",{"type":31,"tag":225,"props":2086,"children":2087},{},[2088,2093,2098],{"type":31,"tag":247,"props":2089,"children":2090},{},[2091],{"type":36,"value":2092},"Milestone or task rewards",{"type":31,"tag":247,"props":2094,"children":2095},{},[2096],{"type":36,"value":2097},"Hitting fixed thresholds (first trade, minimum volume)",{"type":31,"tag":247,"props":2099,"children":2100},{},[2101],{"type":36,"value":2102},"Broad participation, small tickets",{"type":31,"tag":225,"props":2104,"children":2105},{},[2106,2111,2116],{"type":31,"tag":247,"props":2107,"children":2108},{},[2109],{"type":36,"value":2110},"Shared pool",{"type":31,"tag":247,"props":2112,"children":2113},{},[2114],{"type":36,"value":2115},"Pro-rata share of a pool by activity",{"type":31,"tag":247,"props":2117,"children":2118},{},[2119],{"type":36,"value":2120},"Many participants, low reward per user",{"type":31,"tag":225,"props":2122,"children":2123},{},[2124,2129,2134],{"type":31,"tag":247,"props":2125,"children":2126},{},[2127],{"type":36,"value":2128},"Team competitions",{"type":31,"tag":247,"props":2130,"children":2131},{},[2132],{"type":36,"value":2133},"Aggregate team performance",{"type":31,"tag":247,"props":2135,"children":2136},{},[2137],{"type":36,"value":2138},"Community mobilisation, referral activity",{"type":31,"tag":32,"props":2140,"children":2141},{},[2142],{"type":36,"value":2143},"Each format produces a different kind of flow. Picking one is not a cosmetic choice — it decides who shows up and what they do when the campaign ends.",{"type":31,"tag":44,"props":2145,"children":2147},{"id":2146},"_1-rewarding-raw-volume",[2148],{"type":36,"value":2149},"1. Rewarding Raw Volume",{"type":31,"tag":32,"props":2151,"children":2152},{},[2153],{"type":36,"value":2154},"A pure volume leaderboard is the default at many venues because it is easy to explain and produces an impressive headline number. It is also the format most exposed to gaming. Volume can be manufactured by trading back and forth between accounts, and on venues with fee rebates or zero-fee promotions the cost of doing so can be small relative to the prize.",{"type":31,"tag":32,"props":2156,"children":2157},{},[2158],{"type":36,"value":2159},"The result is a leaderboard dominated by a handful of accounts churning the pair, while genuine new holders barely register. The volume figure goes into the listing recap; the order book underneath stays thin.",{"type":31,"tag":32,"props":2161,"children":2162},{},[2163,2168],{"type":31,"tag":589,"props":2164,"children":2165},{},[2166],{"type":36,"value":2167},"The fix.",{"type":36,"value":2169}," Weight rewards toward behaviour you actually want. Net buying with a holding requirement, minimum-balance snapshots after the event, or tiered milestone rewards spread across many users all dilute the advantage of pure churn. If the exchange insists on a volume leaderboard, ask what controls it runs against self-trading and cap the share of the pool any single account can win.",{"type":31,"tag":44,"props":2171,"children":2173},{"id":2172},"_2-ignoring-wash-trading-risk",[2174],{"type":36,"value":2175},"2. Ignoring Wash Trading Risk",{"type":31,"tag":32,"props":2177,"children":2178},{},[2179],{"type":36,"value":2180},"Even a well-designed competition attracts participants who trade with themselves. Beyond distorting results, this matters for your project's reputation: data aggregators and analysts increasingly discount or flag suspicious volume, and a listing week that looks artificially inflated invites exactly the scrutiny a new token does not need.",{"type":31,"tag":32,"props":2182,"children":2183},{},[2184,2188,2190,2195],{"type":31,"tag":589,"props":2185,"children":2186},{},[2187],{"type":36,"value":2167},{"type":36,"value":2189}," Ask the exchange in writing how it detects and disqualifies self-matched or linked-account activity, and whether disqualified volume is excluded from the reported figures. Keep your own team and vendors out of the competition entirely. For background on why this matters, see ",{"type":31,"tag":72,"props":2191,"children":2192},{"href":74},[2193],{"type":36,"value":2194},"what wash trading is and how it is detected",{"type":36,"value":122},{"type":31,"tag":44,"props":2197,"children":2199},{"id":2198},"_3-paying-the-prize-pool-in-unlocked-tokens",[2200],{"type":36,"value":2201},"3. Paying the Prize Pool in Unlocked Tokens",{"type":31,"tag":32,"props":2203,"children":2204},{},[2205],{"type":36,"value":2206},"The most common structural error is paying winners in tokens that are immediately transferable. The people most motivated to win a trading competition are, by definition, active traders. Many of them will sell the reward the moment it lands. If distribution happens in one batch a week or two after listing, you have scheduled a concentrated sell event at the point your market is youngest.",{"type":31,"tag":32,"props":2208,"children":2209},{},[2210,2214],{"type":31,"tag":589,"props":2211,"children":2212},{},[2213],{"type":36,"value":2167},{"type":36,"value":2215}," Treat the prize pool as a small unlock and plan it like one. Options include staggered distribution over several weeks, a short vesting or lock on rewards, paying part of the pool in stablecoins, or conditioning rewards on holding a minimum balance until a later snapshot. At minimum, know the distribution date and make sure it does not collide with other unlocks. The same logic applies to larger vesting tranches.",{"type":31,"tag":44,"props":2217,"children":2219},{"id":2218},"_4-running-the-competition-on-a-thin-book",[2220],{"type":36,"value":2221},"4. Running the Competition on a Thin Book",{"type":31,"tag":32,"props":2223,"children":2224},{},[2225],{"type":36,"value":2226},"A competition pushes a burst of new users onto your pair at once. If the order book is shallow, their first experience is wide spreads and heavy slippage. Early buyers move the price sharply, the chart spikes, and the move reverses as soon as flow slows. That pattern is easy to misread internally as \"demand\" when it is mostly a liquidity problem.",{"type":31,"tag":32,"props":2228,"children":2229},{},[2230,2234],{"type":31,"tag":589,"props":2231,"children":2232},{},[2233],{"type":36,"value":2167},{"type":36,"value":2235}," Make sure professional liquidity is live and tested on the pair before the competition opens, with spread and depth commitments that hold through the campaign period. Size the prize pool relative to the depth you can support, not the other way round. A modest competition on a deep, tight book usually does more for price discovery than a large one on a thin book.",{"type":31,"tag":44,"props":2237,"children":2239},{"id":2238},"_5-misaligning-the-timeline-with-other-launch-events",[2240],{"type":36,"value":2241},"5. Misaligning the Timeline With Other Launch Events",{"type":31,"tag":32,"props":2243,"children":2244},{},[2245],{"type":36,"value":2246},"Trading competitions rarely run in isolation. The same weeks might include the TGE itself, airdrop claims, launchpad unlocks, a second exchange listing and a KOL push. Stacked badly, the competition ends just as airdrop recipients can sell and a vesting cliff opens, and every source of supply hits the market at once.",{"type":31,"tag":32,"props":2248,"children":2249},{},[2250,2254],{"type":31,"tag":589,"props":2251,"children":2252},{},[2253],{"type":36,"value":2167},{"type":36,"value":2255}," Put every supply and demand event on one calendar before agreeing dates: competition start and end, reward distribution, airdrop claim window, each unlock, each new listing. Stagger them so incentive-driven buying overlaps with supply events rather than following them, and so reward distributions never coincide with large unlocks.",{"type":31,"tag":44,"props":2257,"children":2259},{"id":2258},"_6-measuring-success-by-leaderboard-volume",[2260],{"type":36,"value":2261},"6. Measuring Success by Leaderboard Volume",{"type":31,"tag":32,"props":2263,"children":2264},{},[2265],{"type":36,"value":2266},"Exchange recap decks lead with total volume and participant count. Neither tells you whether the campaign worked. Volume can be recycled; participants can be one-trade tourists.",{"type":31,"tag":32,"props":2268,"children":2269},{},[2270,2274],{"type":31,"tag":589,"props":2271,"children":2272},{},[2273],{"type":36,"value":2167},{"type":36,"value":2275}," Agree the metrics before the campaign starts and ask the exchange for the data to measure them. Useful ones:",{"type":31,"tag":86,"props":2277,"children":2278},{},[2279,2289,2299,2309,2319],{"type":31,"tag":90,"props":2280,"children":2281},{},[2282,2287],{"type":31,"tag":589,"props":2283,"children":2284},{},[2285],{"type":36,"value":2286},"Unique traders and their distribution",{"type":36,"value":2288}," — how concentrated was the volume among the top accounts?",{"type":31,"tag":90,"props":2290,"children":2291},{},[2292,2297],{"type":31,"tag":589,"props":2293,"children":2294},{},[2295],{"type":36,"value":2296},"Net holder growth",{"type":36,"value":2298}," — did the number of accounts holding the token rise, and did it stay up two and four weeks later?",{"type":31,"tag":90,"props":2300,"children":2301},{},[2302,2307],{"type":31,"tag":589,"props":2303,"children":2304},{},[2305],{"type":36,"value":2306},"Depth and spread after the event",{"type":36,"value":2308}," — did the market get better or worse once incentives stopped?",{"type":31,"tag":90,"props":2310,"children":2311},{},[2312,2317],{"type":31,"tag":589,"props":2313,"children":2314},{},[2315],{"type":36,"value":2316},"Post-campaign volume retention",{"type":36,"value":2318}," — what share of daily volume remained a month on?",{"type":31,"tag":90,"props":2320,"children":2321},{},[2322,2327],{"type":31,"tag":589,"props":2323,"children":2324},{},[2325],{"type":36,"value":2326},"Reward sell-through",{"type":36,"value":2328}," — how much of the distributed prize pool was sold within days of distribution?",{"type":31,"tag":32,"props":2330,"children":2331},{},[2332,2334,2338],{"type":36,"value":2333},"If the answers are poor, the campaign rented activity rather than building a market. That is useful to know before you fund the next one. The distinction is covered in more depth in ",{"type":31,"tag":72,"props":2335,"children":2336},{"href":117},[2337],{"type":36,"value":120},{"type":36,"value":122},{"type":31,"tag":44,"props":2340,"children":2342},{"id":2341},"_7-accepting-the-exchanges-default-terms",[2343],{"type":36,"value":2344},"7. Accepting the Exchange's Default Terms",{"type":31,"tag":32,"props":2346,"children":2347},{},[2348],{"type":36,"value":2349},"Competition terms are often presented as a standard template attached to the listing package. They are usually negotiable, and the defaults tend to favour the exchange's goals — volume and user acquisition — over yours.",{"type":31,"tag":32,"props":2351,"children":2352},{},[2353,2357],{"type":31,"tag":589,"props":2354,"children":2355},{},[2356],{"type":36,"value":2167},{"type":36,"value":2358}," Review the terms like any other commercial agreement. Points worth negotiating:",{"type":31,"tag":86,"props":2360,"children":2361},{},[2362,2367,2372,2377,2382,2387,2392],{"type":31,"tag":90,"props":2363,"children":2364},{},[2365],{"type":36,"value":2366},"The ranking metric and anti-abuse rules",{"type":31,"tag":90,"props":2368,"children":2369},{},[2370],{"type":36,"value":2371},"Maximum reward per account",{"type":31,"tag":90,"props":2373,"children":2374},{},[2375],{"type":36,"value":2376},"Eligibility (KYC level, region, new versus existing users)",{"type":31,"tag":90,"props":2378,"children":2379},{},[2380],{"type":36,"value":2381},"Distribution schedule and any lock on rewards",{"type":31,"tag":90,"props":2383,"children":2384},{},[2385],{"type":36,"value":2386},"Whether unused prize tokens are returned to the project",{"type":31,"tag":90,"props":2388,"children":2389},{},[2390],{"type":36,"value":2391},"Data you receive after the campaign, at account-level granularity where privacy rules allow",{"type":31,"tag":90,"props":2393,"children":2394},{},[2395],{"type":36,"value":2396},"Who bears the cost if the campaign is cancelled or delayed",{"type":31,"tag":32,"props":2398,"children":2399},{},[2400],{"type":36,"value":2401},"Also check regulatory fit. Prize-based trading promotions can raise consumer-protection or gambling-adjacent questions in some jurisdictions, and leveraged competitions add further considerations. Get legal input on whether the campaign is appropriate for the regions it targets.",{"type":31,"tag":44,"props":2403,"children":2405},{"id":2404},"_8-treating-the-competition-as-the-liquidity-plan",[2406],{"type":36,"value":2407},"8. Treating the Competition as the Liquidity Plan",{"type":31,"tag":32,"props":2409,"children":2410},{},[2411],{"type":36,"value":2412},"The deeper mistake is using a trading competition as a substitute for a liquidity strategy. Incentive-driven flow is temporary by design. When it ends, what remains is whatever structural liquidity was in place all along: market maker quotes, organic participants and the depth they provide.",{"type":31,"tag":32,"props":2414,"children":2415},{},[2416,2420],{"type":31,"tag":589,"props":2417,"children":2418},{},[2419],{"type":36,"value":2167},{"type":36,"value":2421}," See the competition as a short-term acquisition tool layered on top of a sustained market, not the market itself. Plan what happens in week five, not only week one: continued depth commitments, clear treasury policy, and a communications plan that gives new holders a reason to stay after the rewards stop.",{"type":31,"tag":44,"props":2423,"children":2425},{"id":2424},"pre-competition-checklist",[2426],{"type":36,"value":2427},"Pre-Competition Checklist",{"type":31,"tag":32,"props":2429,"children":2430},{},[2431],{"type":36,"value":2432},"Before you sign off on a sponsored trading competition, confirm:",{"type":31,"tag":86,"props":2434,"children":2436},{"className":2435},[1436],[2437,2446,2455,2464,2473,2482,2491,2500,2509,2518],{"type":31,"tag":90,"props":2438,"children":2440},{"className":2439},[1441],[2441,2444],{"type":31,"tag":1444,"props":2442,"children":2443},{"disabled":1446,"type":1447},[],{"type":36,"value":2445}," Ranking metric rewards holding or net buying, not raw churn alone",{"type":31,"tag":90,"props":2447,"children":2449},{"className":2448},[1441],[2450,2453],{"type":31,"tag":1444,"props":2451,"children":2452},{"disabled":1446,"type":1447},[],{"type":36,"value":2454}," Per-account reward cap and written anti-wash-trading rules",{"type":31,"tag":90,"props":2456,"children":2458},{"className":2457},[1441],[2459,2462],{"type":31,"tag":1444,"props":2460,"children":2461},{"disabled":1446,"type":1447},[],{"type":36,"value":2463}," Prize distribution staggered or locked, with dates on the launch calendar",{"type":31,"tag":90,"props":2465,"children":2467},{"className":2466},[1441],[2468,2471],{"type":31,"tag":1444,"props":2469,"children":2470},{"disabled":1446,"type":1447},[],{"type":36,"value":2472}," Distribution does not coincide with unlocks, airdrop claims or other listings",{"type":31,"tag":90,"props":2474,"children":2476},{"className":2475},[1441],[2477,2480],{"type":31,"tag":1444,"props":2478,"children":2479},{"disabled":1446,"type":1447},[],{"type":36,"value":2481}," Market maker live on the pair with spread and depth commitments covering the campaign",{"type":31,"tag":90,"props":2483,"children":2485},{"className":2484},[1441],[2486,2489],{"type":31,"tag":1444,"props":2487,"children":2488},{"disabled":1446,"type":1447},[],{"type":36,"value":2490}," Prize pool sized relative to supportable depth",{"type":31,"tag":90,"props":2492,"children":2494},{"className":2493},[1441],[2495,2498],{"type":31,"tag":1444,"props":2496,"children":2497},{"disabled":1446,"type":1447},[],{"type":36,"value":2499}," Success metrics agreed and post-campaign data promised by the exchange",{"type":31,"tag":90,"props":2501,"children":2503},{"className":2502},[1441],[2504,2507],{"type":31,"tag":1444,"props":2505,"children":2506},{"disabled":1446,"type":1447},[],{"type":36,"value":2508}," Team, vendors and affiliated wallets excluded from participation",{"type":31,"tag":90,"props":2510,"children":2512},{"className":2511},[1441],[2513,2516],{"type":31,"tag":1444,"props":2514,"children":2515},{"disabled":1446,"type":1447},[],{"type":36,"value":2517}," Legal review of eligibility and target jurisdictions",{"type":31,"tag":90,"props":2519,"children":2521},{"className":2520},[1441],[2522,2525],{"type":31,"tag":1444,"props":2523,"children":2524},{"disabled":1446,"type":1447},[],{"type":36,"value":2526}," Plan for liquidity and communications after the campaign ends",{"type":31,"tag":44,"props":2528,"children":2530},{"id":2529},"the-bottom-line",[2531],{"type":36,"value":2532},"The Bottom Line",{"type":31,"tag":32,"props":2534,"children":2535},{},[2536],{"type":36,"value":2537},"An exchange trading competition amplifies whatever market already exists on your pair. On a deep, well-quoted book with a sensible reward design, it can bring genuine new holders into the token at a critical moment. On a thin book with a volume leaderboard and unlocked rewards, it buys a spike, a sell-off and a misleading recap deck.",{"type":31,"tag":32,"props":2539,"children":2540},{},[2541,2543,2548],{"type":36,"value":2542},"At Fibonacci Capital we see the difference most clearly in the weeks after a listing campaign ends, when incentive flow disappears and only structural liquidity is left. If you are planning a listing and want the market underneath your campaign built properly, ",{"type":31,"tag":72,"props":2544,"children":2545},{"href":497},[2546],{"type":36,"value":2547},"talk to us about launch and listing support",{"type":36,"value":122},{"title":7,"searchDepth":503,"depth":503,"links":2550},[2551,2552,2553,2554,2555,2556,2557,2558,2559,2560,2561,2562],{"id":1967,"depth":503,"text":1970},{"id":1995,"depth":503,"text":1998},{"id":2146,"depth":503,"text":2149},{"id":2172,"depth":503,"text":2175},{"id":2198,"depth":503,"text":2201},{"id":2218,"depth":503,"text":2221},{"id":2238,"depth":503,"text":2241},{"id":2258,"depth":503,"text":2261},{"id":2341,"depth":503,"text":2344},{"id":2404,"depth":503,"text":2407},{"id":2424,"depth":503,"text":2427},{"id":2529,"depth":503,"text":2532},"content:blog:exchange-trading-competition-token-listing.md","blog/exchange-trading-competition-token-listing.md","blog/exchange-trading-competition-token-listing",1792200663755]