+- Hack Forums (https://hackforums.net)
+-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241)
+--- Forum: Crypto Currency (https://hackforums.net/forumdisplay.php?fid=380)
+--- Thread: What does this mean?? {Before the coin is listed} (/showthread.php?tid=6182624)
What does this mean?? {Before the coin is listed} - Sliced - Nov 26, 2021
This happened
![[Image: SNCG7Iz.jpg]](https://i.imgur.com/SNCG7Iz.jpg)
At https://www.xt.com/tradePro/ijz_usdt
Does this mean people had some tokens and placed limit sell orders before the token was listed on the exchange? please elaborate crypto enthuaists.
RE: What does this mean?? {Before the coin is listed} - MavenGradle - Nov 26, 2021
This is nothing weird or odd. As an investor, you sometimes come across the opportunity to purchase coins or tokens before they are placed on an exchange platform. These pre-public sales are also sometimes called ICO's:
https://en.wikipedia.org/wiki/Initial_coin_offering
Sometimes, an exchange gets offered a specific amount of coins or tokens to have them be placed on said exchange platform. So again, there are various ways in which one can acquire currency before the currency can be traded on a specific currency exchange platform.
RE: What does this mean?? {Before the coin is listed} - Cooldudex - Nov 26, 2021
(Nov 26, 2021 11:15 AM)Sliced Wrote: This happened
At https://www.xt.com/tradePro/ijz_usdt
Does this mean people had some tokens and placed limit sell orders before the token was listed on the exchange? please elaborate crypto enthuaists.
Don't worry! It's just me getting ready to dump on you
RE: What does this mean?? {Before the coin is listed} - Sliced - Nov 26, 2021
(Nov 26, 2021 12:49 PM)MavenGradle Wrote: This is nothing weird or odd. As an investor, you sometimes come across the opportunity to purchase coins or tokens before they are placed on an exchange platform. These pre-public sales are also sometimes called ICO's:
https://en.wikipedia.org/wiki/Initial_coin_offering
Sometimes, an exchange gets offered a specific amount of coins or tokens to have them be placed on said exchange platform. So again, there are various ways in which one can acquire currency before the currency can be traded on a specific currency exchange platform.
thank you for the reply, there was no pre-sell for this token. what else could have happened?
RE: What does this mean?? {Before the coin is listed} - MavenGradle - Nov 26, 2021
(Nov 26, 2021 01:30 PM)Sliced Wrote: thank you for the reply, there was no pre-sell for this token. what else could have happened?
The creators could have made a deal with the exchange platform. The creators could have made a deal with a marketing agency to 'stabilize' prices or 'distribute' coins 'equally' which is never a great sign when it comes to trust.
RE: What does this mean?? {Before the coin is listed} - Sliced - Nov 26, 2021
(Nov 26, 2021 01:32 PM)MavenGradle Wrote: The creators could have made a deal with the exchange platform. The creators could have made a deal with a marketing agency to 'stabilize' prices or 'distribute' coins 'equally' which is never a great sign when it comes to trust.
Appreciate your response, mind if add you on discord? this is related to a problem that was issued in a middle-eastern country and many people got effected negatively financially.