Money/cost to list??? is what I think the hold up is - looking at the above comments
Money/cost to list is what I think the hold up is
Itâs coming up on 2 months since this proposal was initially brought. Kucoin withdrawals close for US customers on Dec 17th unless Iâm mistaken?
Cost sounds like a lousy excuse, surely the TAO was set up with ample resources to address these matters, and if not, why not?
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Would really appreciate an update from @SquirTEL on whatâs happening atm. I would hate to think of the Banking License being approved, having the news all over the US but no one in the US actually being able to grab Tel, we would miss a huge opportunity of onboarding fresh interest. Did anyone manage to reach out to the CoinMetro post I seen flying around?
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âPNUTâ only appeared in the market in November 2024, listed by December 2024.
Weird how an asset can be on the market a month, and get a listing on coinbase and binance, but here we are 7 years in with TEL and it takes 2 months for TEL to get⌠nowhere? @SquirTEL Come on man, what good are your âexchange contactsâ when stuff like this is happening EVERY week. Whatâs the councils plan to make sure TEL stops being overlooked by these exchanges?
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2 months since this proposal was brought and all weâve got are meetings. Where is the sense of urgency, today marks the end of withdrawals for Kucoin customers in US, isnât there more the TAO could be doing to get TEL listed?
All Iâm seeing is that it took 2 months to get a couple of meetings and a bunch of info that TEL team likely already had, so what exactly is going on here, why is the TAO not set up with funds to pay for exchange listings? Why are we still waiting?
So tired of the feet-dragging and the excuses.
Hi @xPr0xi, Letâs clear up some concerns with stating a few facts and common misconceptions.
- Your current mind frame seems to be that the process is taking too long. Let me make this point as an overarching theme for this whole post. Getting listed on reputable Tier 1 exchanges is not a quick process.
Iâm sure from this itâs going to stem in your mind of how to do random memecoins get listed and we donât?
- Most of these listings are built from hype and volume which to be honest is what exchanges are look for.
- Regardless of what our fundamentals are, they arenât going to sniff at a booming memecoin which can print them $Xmillion in feeâs etcâŚ
- These memcoins pay extortionate amounts of money either directly or to agencies to get listed on exchanges
- These funds either come from a massive dev wallet or from (hint.) a fair amount of memecoins that become popular are from the same developers and have a backlog of $$$ to be able to pay to get listed
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Getting listed on exchanges really isnât as simple as just filling out the form that is available on their website. Although you see examples (such as PNUT) who have clearly been fast-tracked into getting listed. What you wonât see is the mass of other projects that have waited months or have been rejected to exchanges. If successful, all you see is the X post telling you when a token will start trading, not the months of work beforehand to get there.
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Hopefully, in some form you have spent the time to either tune into bi-weekly council meetings, Catch up with the recording on Youtube or reviewed my X posts with a recap of the meetings events. Lots of work is being done and Parker has taken a positive approach to get this done as soon as reasonably possible within a democratic DAO environment. SquirTEL has meetings planned with exchanges in the coming days/week which comes back to another point that locating and liasing with listing managers is also not straighforward. There are countless other projects doing the same as us and it isnât a case of emailing a listing manager and a meeting is arranged for the next day, itâs a crypto bull run, theyâre busy, everyone wants a slice. The notion that SquirTELâs exchange contacts can just be messaged and the next day they say âCool mate weâll list youâ simply is not the way this world works in most peoples cases.
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KuCoin. Yes, frustrating. Crypto.com is being targeted as a main focus point
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Regarding listing fees, I will bring this up at the meeting on Thursday. The TAO has a pot that can be used for things like this. Iâm not sure whether the listing fee can be pushed over to Telcoin Holdings to take care of or not if it is not within a feasible budget.
Iâd encourage you to tune into the platform/treasury council meeting on Thursday where hopefully SquirTEL is able to shed some positive information regarding his recent discussions
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I get that youâre trying to explain how listings work, but to me this response is 95% excuses wrapped in condescension. Honestly Iâm being generous even calling this a 2-month process. Realistically, Telcoin Holdings has had multiple years to plan for this prior to setting up the TAO, yet here we are, still talking about âmeetings plannedâ and âbringing up fees on Thursdayâ while KuCoin withdrawals for US customers end today with nothing offered as a replacement, and its be known for longer than 2 months that Kucoin was shutting down withdrawals for US customers, so this just isnât good enough.
I think youâll find that if Telcoin Holdings, had actually dedicated a substantial budget to this goal when setting up the TAO, then it probably wouldnât be taking 2 months to get to the âweâre having a meetingâ stage.
What is more costly, paying a listing fee, or not being listed on any T1 exchanges during the opening of a bull run/alt season? I can imagine the cost in the form of missed opportunity would be immeasurably high, no?
Since youâre in an explaining mood, can you explain to me the wisdom of not pursuing this as rigorously and urgently as possible, with whatever resources you can bring to bare, again, given that Kucoin ends its service for US customers todayâŚ
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Letâs remember that this is still in a pre-proposal stage; this isnât a call-to-vote yet, regardless of impatience. As itâs well documented now, the team has been applying since 2021 but new avenues are being explored.
While the necessary steps, documentation, connections made, and potential costs are mapped out, it still needs to be put to a community vote afterwardâŚand pass.
While I think it will have great support, the community has to consider what the total costs (manpower, listing fees, market makers, etcâŚ) will be, and if those costs are agreed to be acceptable while still considering what those funds could be used for otherwise.
Of course we want to take advantage of a bull run, but does it negatively impact financing other areas? The beauty of a vote!
Could we please have an update on CoinMetro in the upcoming meeting?âŚ.Obviously weâve seen theyâve already reached out about wanting to list Tel. Be good to see how thatâs progressed, theyâre still actively engaging with posts about Tel on X
How does prioritizing exchange listings during a bull run ânegatively impactâ other areas???
Exchange listings drive adoption, volume, and visibility⌠these things are core necessities for sustained growth.
The real question is how much longer Telcoin can afford to delay critical opportunities while the market moves forward without us.
I guess it should have occurred to me that the community will need to vote on this matter, but to me that just seems like unnecessary burearcracy, perhaps it would be better to vote for a proposal that empowers the TAO to handle all exchange applications autonomously, ideally with a framework that EMPHASIZES URGENCY and without the need to bring it to a vote every time, as that seems ridiculous and counter-intuitive.
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im with Proxi on this, the vote would be all in favour by a landside, is everybody on christmas holidays or something?
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Can USA use Bitget exchange as an alternative to kucoin. ⌠and remember you can always use Dex,s. Kucoin was only one exchange and was problematic re uptime of Pol network. Not a great loss in my opinion
Kucoin accounts for, generally speaking, more than half of TELâs trading volume, what are you talking about âno great lossâ? How do you figure that?
Kucoin will still trade Tel. Tel has not been delisted. US folk can still use other pathways as i pointed out. So âŚ
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