How Cryptocurrency Exchanges Extract Profit from Everyone

Written By: Alex Mashinsky, CEO of Celsius Network and accomplished VoIP entrepreneur

Most companies or projects that hold an ICO or token generation event (TGE) are under enormous pressure to get their tokens listed on major exchanges as quickly as possible. Most ICOs get listed in less than 3 months. But there are a number of very important reasons why getting listed as soon as possible doesn’t help either the company or the contributors to the project.

That’s why we chose to take a different route. One that is in the best interest of our token holders.

Instead of forking over upwards of $6 million in listing fees (as Binance now commands) just to get CEL on a single major exchange, we decided to avoid that game entirely. Instead, we developed a strategy that allows us to profit as we get listed on multiple exchanges, all without needing to throw away the hard-earned money that contributors entrusted us with in our crowdsale. So let’s take a look at how the exchange…