Improvement Proposal - Exchange Listings

Council Proposals TELIP
21

Money/cost to list??? is what I think the hold up is - looking at the above comments

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22

Money/cost to list is what I think the hold up is

It’s coming up on 2 months since this proposal was initially brought. Kucoin withdrawals close for US customers on Dec 17th unless I’m 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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23

I have to agree, can @parkerspann explain why we never went forward with CoinMetro?. Any update from @SquirTEL on contacts with Okx and crypto.com?, did the possibility of using an agency get anywhere?. This seems very urgent now with the 17th around the corner.

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24

Would really appreciate an update from @SquirTEL on what’s 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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25

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“PNUT” 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 ‘exchange contacts’ when stuff like this is happening EVERY week. What’s 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 we’ve got are meetings. Where is the sense of urgency, today marks the end of withdrawals for Kucoin customers in US, isn’t there more the TAO could be doing to get TEL listed?

All I’m 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.

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27

Hi @xPr0xi, Let’s clear up some concerns with stating a few facts and common misconceptions.

  1. 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.
    I’m sure from this it’s going to stem in your mind of how to do random memecoins get listed and we don’t?
  • 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 aren’t going to sniff at a booming memecoin which can print them $Xmillion in fee’s etc…
  • 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

  1. Getting listed on exchanges really isn’t 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 won’t 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.

  2. 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 isn’t a case of emailing a listing manager and a meeting is arranged for the next day, it’s a crypto bull run, they’re busy, everyone wants a slice. The notion that SquirTEL’s exchange contacts can just be messaged and the next day they say “Cool mate we’ll list you” simply is not the way this world works in most peoples cases.

  3. KuCoin. Yes, frustrating. Crypto.com is being targeted as a main focus point

  4. 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. I’m 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.

I’d 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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28

I get that you’re trying to explain how listings work, but to me this response is 95% excuses wrapped in condescension. Honestly I’m 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 ‘meetings planned’ and ‘bringing up fees on Thursday’ 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 isn’t good enough.

I think you’ll find that if Telcoin Holdings, had actually dedicated a substantial budget to this goal when setting up the TAO, then it probably wouldn’t be taking 2 months to get to the ‘we’re having a meeting’ 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 you’re 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 today…

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29

Let’s remember that this is still in a pre-proposal stage; this isn’t a call-to-vote yet, regardless of impatience. As it’s 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 afterward…and pass.

While I think it will have great support, the community has to consider what the total costs (manpower, listing fees, market makers, etc…) 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!

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30

Could we please have an update on CoinMetro in the upcoming meeting?….Obviously we’ve seen they’ve already reached out about wanting to list Tel. Be good to see how that’s progressed, they’re still actively engaging with posts about Tel on X

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31

How does prioritizing exchange listings during a bull run ‘negatively impact’ 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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32

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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33

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

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34

Kucoin accounts for, generally speaking, more than half of TEL’s trading volume, what are you talking about “no great loss”? How do you figure that?

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35

Kucoin will still trade Tel. Tel has not been delisted. US folk can still use other pathways as i pointed out. So …

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36

On the last council meeting @parkerspann said we would have a new updated proposal on exchange listings on Monday.

I appreciate it’s now going to be after the holidays, but why have we had no explanation for the delay? Over 2 months ago this was classed as urgent.

I understand that @SquirTEL has other work to do as do others but surely the council was voted for based on time available.

After a many years of patience when it comes to missed timelines and lack of communication, it’s extremely frustrating to stay up late at night for council meetings, only to see missed timelines for proposals mentioned in them.

Can we please start the new year as we mean to go on, and stick to what’s been said in meetings, and build confidence in the community.

I really do hope we don’t end up at the next meeting discussing the same proposals that should have been implemented since the last one.

Sorry if I come across as negative just wanted to put across concerns.

Wish you all a Merry Christmas and happy new year :partying_face:

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37

A new proposal posted isn’t going to make an exchange move any quicker, plus it’s a very dynamic process and ever changing.

@SquirTEL clearly defined efforts, next steps with the compliance councils, and projected timelines for exchange efforts…some being as long as six months. This is all in the latest recorded meeting. What information are you missing?

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38

Exchange Application Tracker

Exchange Name Initial Contact Application Submitted Under Review Additional Information Requested Approved Listing Date Scheduled Listed
Tier 1 Exchanges
Binance TBD TBD TBD TBD TBD TBD TBD
Coinbase TBD TBD TBD TBD TBD TBD TBD
Kraken TBD TBD TBD TBD TBD TBD TBD
Bitfinex TBD TBD TBD TBD TBD TBD TBD
Huobi Global TBD TBD TBD TBD TBD TBD TBD
Tier 2 Exchanges
KuCoin Completed Completed Completed N/A Approved Completed Yes/Date
Bybit Completed Completed Completed N/A Approved Completed Yes/Date
Bitget Completed Completed Completed N/A Approved Completed Yes/Date
MEXC Global Completed Completed Completed N/A Approved Completed Yes/Date
LBank Completed Completed Completed N/A Approved Completed Yes/Date
Bitrue Completed Completed Completed N/A Approved Completed Yes/Date
Indodax Completed Completed Completed N/A Approved Completed Yes/Date
CoinDCX Completed Completed Completed N/A Approved Completed Yes/Date
HitBTC Completed Completed Completed N/A Approved Completed Yes/Date

Here’s a a draft example of an exchange listing tracker, perhaps you might consider more comprehensively filling it out, so as to create a single place where we can monitor progress on this particular front without necessarily needing to sit through a lengthy council meeting. Perhaps after creating a proper tracker that transparently shows the progress on this issue it could be stickied it in its own post somewhere? Seems like a more organized way to handle it rather than relying on either seeing Turtel’s msgs in the discord, or seeing random screenshots of said msg on twitter.

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39

I listen to all meetings. Some applications have been in for over a year, have they not?

So what if they decide to make a decision tomorrow? There’s not a thing you can do until up get the proposal sorted.

When Parker said we would have an updated proposal ready for Monday many of us actually believed it.

I’m not trying to be negative but let’s not make excuses. You have a meeting you tell the community a time line, you should stick to it.

At the rate this is moving you will have a banking license before you have a listing. Imagine having all the publicity in the US after getting the license, only for the public not being able to purchase any in a CEX

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40

Although it would be great to be able to monitor progress with CEXs, the reality is NDAs are in place for a reason, the only way i can see it possibly working to offer some kind if transparency to the community is to hide the names of the exchanges, for example

Exchange 1 - Contact made, application submitted
Exchange 2 - waiting to sign NDA to progress
Exchange 3 - … …
Exchange 4 - … …

And even then, it will probably be minimal feedback.

The good news is progress is being made and discussions are taking shape. Nothing from the community side is going to change any time lines. Lets support the efforts :ok_hand:

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