Hello #BCUBEIANS The listing on CEX involves a lot of costs such as listing fees (anywhere between $80k to $1.
22 Jun 2023, 09:17
Hello #BCUBEIANS The listing on CEX involves a lot of costs such as listing fees (anywhere between $80k to $1.5M), adding liquidity of a minimum of $500k to each trading pair (BCUBE/USDT, BCUBE/BTC, BCUBE/ETH), Market makers fees, etc. It won’t guarantee any price action if there is no hype before the impending listing. We have several examples in the past that got listed on ByBit and had no price action due to which it got delisted wasting all those listing fees etc. Also, it is not true that people find it difficult to buy on DEX because stats say there has been a decline in the use of CEX ever since November 2022 and the usage of DEX has increased by 444%. This proves people are fine with using DEX. These problems are of the past but of course, CEX is more than DEX which is true.
Short-Term Solution: My solution for this problem is to wait until the DASP registration after which we can provide brokerage services also. If someone would like to buy BCUBE then we will give a 2% discount as compared to Uniswap prices and will sell $BCUBE directly to your wallet with ZERO GAS FEES. The company will bare the cost of the gas fees. So you can just transfer USDT to our wallet and we will send you the tokens. We will then add the liquidity back to Uniswap so that the pool won’t drain when someone sells it back on Uniswap.
Medium-Term Solution: We will also start to make market-making post-DASP registration after which we can do it for our own token if we are listed on a CEX. This market-making solution is needed even for exchanges so in this way we can get close to them by being liquidity providers. This will make it easy to get listed on those exchanges with some very good offers from their side. We will also get 2-3 big contracts for custodian services after which we will generate a lot of revenues and will have a good foothold in the industry which will help us to penetrate deeper into these networks.
Long-Term Solution: As we grow bigger both in the B2C & B2B markets, it will be easier to get things done. We can get listed on the top exchanges. Next year we have plans to develop GenAI for crypto trading. We are already doing some ground works. With all the business, products, and services in place, we will be having hundreds and thousands of customers and B2B partners, it will be very easy to launch our own CEX or DEX as a regulated DASP (we have to add one more activity on the DASP but it won’t be like starting the process from point zero). So everything is possible.
Right now the focus is on AI Meta Bots that deliver consistent returns, then Build your own AI Bots. (This should drive the trading volumes and that is enough to discuss with our exchange partners for good deals on listing.) After that comes everything else. So far it was just about R&D but now is the time for action. One step at a time. 🚀