CoinEx, a global digital asset trading platform, has taken a different approach by openly sharing its listing strategy, which is rare for exchanges. Gigi Feng, the Product Director of CoinEx, believes that transparency in listing strategies helps strengthen trust between the exchange and its users.
1. Why is CoinEx willing to disclose its listing strategy?
Gigi: In the current cryptocurrency market, exchanges are the preferred way for ordinary investors to participate in new projects. However, many investors face significant risks by participating in projects without sufficient understanding. Therefore, understanding the exchange’s listing strategy and information about the listed coins can help investors better evaluate potential returns and risks.
By openly disclosing our listing strategy, CoinEx aims to build trust and establish long-term relationships with users. We want users to feel secure in their participation and understand how the platform operates. Publicly sharing the listing strategy also serves an educational purpose, helping investors understand volatility and how to identify high-quality projects, guiding them to make more informed investment decisions.
With the rapidly changing market, CoinEx believes in keeping up with the times. By sharing our strategy, we promote the rapid flow of information, enhance users’ understanding of the cryptocurrency market dynamics, and enable them to respond quickly to changes, fostering professionalism and transparency in the entire industry.
2. We understand that CoinEx has expertise in exchanges, mining pools, public chains, and wallets. Therefore, your team must have a set of evaluation criteria for exploring potential projects. Can you share the indicators that make up this criteria?
Gigi: Since its inception, CoinEx has adhered to the “good, fast, and comprehensive” listing strategy, strictly controlling the quality of listed coins. We are committed to value discovery and providing users with a selection of high-quality innovative digital assets.
Over the years, CoinEx has accumulated deep professional market experience in this rapidly evolving industry, witnessing the rise, evolution, and decline of numerous emerging projects. These experiences have shaped CoinEx’s multidimensional evaluation criteria for assessing potential projects. Our team systematically analyzes different coin categories based on professional investment experience, establishing corresponding evaluation standards for each category, aiming for impartial and professional long-term value assessment.
In project evaluation, CoinEx considers multiple dimensions, including the project team’s vision, background, professional capabilities, and practical applications, the uniqueness of technological innovation and its alignment with market needs, the scalability and security of the technical foundation, the rationality and sustainability of token economics, and community activity and industry influence.
Risk assessment is also crucial to ensure the feasibility of technical implementation. These factors intertwine to map the overall development potential of a project. By comprehensively considering these indicators, we conduct in-depth evaluations to unearth opportunities with true potential and long-term value. This not only provides users with safe and reliable investment choices but also promotes the healthy development of the entire blockchain ecosystem.
3. How can you determine the forward-looking and future prospects of a project? At what stage should you decide whether or not to pursue it?
Gigi: When assessing the forward-looking and future prospects of a project, key points include:
– Technological trends: Whether the project is adapting to current and future technological trends, such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
– Application scenarios: The project’s application scenarios and their broadness, whether they can meet evolving market demands.
– Competitive advantages: Whether the project has a competitive edge among similar products and how it can sustain that advantage.
– User growth potential: Judging the project’s future expansion capability through community activity and user growth trends.
Regarding the timing of decision-making, we usually conduct assessments at the following key stages:
– Initial project stage: Preliminary evaluation during the project’s initial exposure to understand its foundation and team potential.
– Technical development stage: Monitoring the project’s technical development progress to ensure it is progressing according to plans.
– Market promotion stage: Further evaluation when the project gains market attention and community participation to assess its market acceptance.
In summary, we make decisions based on the project’s development stage and market dynamics, ensuring the maximization of investment opportunities. This comprehensive evaluation criteria allows CoinEx to more effectively identify projects with long-term development potential, providing users with secure and reliable investment opportunities. It reflects our deep understanding of the market and enhances the platform’s competitive advantage, leading the industry’s development.
4. Is it better to have more or fewer listed coins? Why did the cryptocurrency circle previously believe that having fewer listings is safer or more stable?
Gigi: CoinEx has a well-established listing system and currently supports over 1,200 high-quality coins, facilitating over 1,700 trading markets to enable global cryptocurrency users to achieve diversified investment strategies.
Taking CoinEx as an example, we support a diverse selection of coins to meet users’ different needs. Having more listed coins means users can make more extensive investment decisions based on their investment preferences and market trends.
Furthermore, we rigorously and regularly monitor the performance and security of each listed coin to ensure that every listed coin has undergone a rigorous evaluation and is a credible project, safeguarding users’ funds and investment value while maintaining overall trust in the platform.
5. With more and more exchanges listing memecoins, what is your view on memecoins? Are the criteria for selecting memecoins different from other cryptocurrencies?
Gigi: Regarding the increasing number of memecoins being listed on exchanges, we believe that each coin has its unique market characteristics and audience. Therefore, different types of coins should adopt flexible evaluation criteria.
The CoinEx team categorizes coins based on our rich cryptocurrency investment experience to establish specific evaluation criteria.
This diversified evaluation criteria allow CoinEx to better adapt to market dynamics and the characteristics of different coins, ensuring users have a wide range of choices and high-quality investment opportunities. CoinEx is committed to being a user-friendly platform, helping every user make informed decisions in the ever-changing cryptocurrency market.
6. How do you think the trend of listing on exchanges will evolve in the future? Will listing transparency increase?
Gigi: The future trend of listing on exchanges will undoubtedly move toward more openness, transparency, and compliance. As the cryptocurrency industry matures, we can anticipate the following important trends:
– Stricter and more transparent listing standards: In the early stages of the cryptocurrency market, due to the lack of regulations, the process of listing projects was often unclear, and there were even risks associated with low-quality projects. However, as regulations strengthen and market participants demand increased security and legitimacy, exchanges will evaluate projects more cautiously, considering factors such as compliance, technical innovation and feasibility, team background, and community support. This will reduce the appearance of low-quality projects in the market.
– Community and user participation in listing decisions: Exchanges in the future may encourage user participation in listing decisions, giving users more voice and voting rights in the coin selection process. This will make exchanges more attentive to community feedback and enhance user engagement and sense of belonging.
– Diversification of financial products: Exchanges will continue to expand their product lines beyond traditional coin trading, including derivatives, fixed-income products, and asset management services to meet users’ diverse investment needs.
In this context, CoinEx will continue to provide a secure, efficient, and transparent trading environment. We will enhance project evaluation and monitoring to ensure users’ investment security. We will also actively adapt to industry changes and flexibly adjust our services, continuously improving the user experience.
We believe that with the increasing trends of transparency, compliance, and technological innovation, the cryptocurrency industry and exchanges will enter a healthier and more sustainable development phase. CoinEx looks forward to witnessing this process together with users and continuing to play an important role in the expanding market.
7. CoinEx has been established for a long time, and your experience over the past seven years tells you what signals indicate a dangerous project?
Gigi: Yes, CoinEx has been established for seven years, and we are honored to have walked this important journey with global cryptocurrency users. Over the past seven years, we have continuously worked to improve user experience and platform security, always putting users at the center and striving to provide richer and higher-quality financial services. This year, CoinEx’s ecosystem has enhanced brand awareness, continuously improved products and services, and expanded into more markets. Our long-term goal is to create a user-friendly trading platform. We will continue to optimize our product matrix, create an equal trading environment, and provide users with fast, easy, and secure services.
Therefore, CoinEx regularly conducts review and monitoring of listed projects and decides whether to add or remove the ST tag based on the latest evaluation results. The ST tag serves as a warning for projects that may face special risks, reminding users to invest cautiously. This measure not only helps users identify risks more easily but also promotes a transparent trading environment, enabling users to make wiser decisions.
In the future, we will continue to pay attention to market dynamics, explore user needs in-depth, innovate products and services, and strive to lead the trend in the ever-changing cryptocurrency industry. We would like to express our gratitude to every user for their support and companionship. It is your trust that motivates us to move forward continuously. We look forward to sharing CoinEx’s growth and achievements with everyone during our upcoming 7th-anniversary celebration event.
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