[ELM] How To Get Tokens Listed On The Crypto Exchange?

Suppose you wish to launch your crypto project to facilitate comic fans to buy and sell comics. Let us call it the MCU Comics (No hard feelings if you are a DC fan ). However, the organization requires funds to hire blockchain developers, get the right equipment, and develop infrastructure.

Now, in the initial stages, the organization can’t cover all the expenditures independently. So to raise the capital, the project offers crypto tokens in exchange for liquidity. Going public to raise capital and offering tokens in return is known as ICO. Crypto exchanges will allow you to go for an ICO on their platforms once they verify your credentials.

How to List a Token on a Crypto Exchange?

Listing a token on a crypto exchange has been summarised in four easy steps.

• Selecting the platform for listing.
• Hiring a listing expert.
• Application form fill-up.
• Listing of Token.

Selecting the platform for listing is the first and most important aspect of listing a platform. However, almost all the renowned platforms are suitable for listing. However, they have a vast difference in their listing fee, ranging from $1 million to $3 million. The exchanges with a higher fee end provide quick liquidity, easy fiat conversion, etc.

Another aspect to consider while selecting the platform is its availability in your target country and the applicable regulations.

Hiring a listing expert is the second step in the token listing process. The listing involves heavy documentation. An expert will prepare your documentation, review your documents, preparation of legal memorandum. Other than the paperwork, they shall act as a middleman between you and the exchange.

Once you have your documentation ready, it is time to fill out the exchange application form. Here your hired expert will guide you in filling up the application form. Also, they shall keep tracking your application process. You will have to pay a documentation fee to the exchange in this step.

The last step is about the technical intricacies of listing a token on the platform. Your technical team will work with the exchange to list the token on the crypto exchange and how it will be monitored and reported. Also, the teams work on payment mode, payment transfer, token transfer mechanism, etc. An exchange may also charge a listing fee at this step.

Each step succeeds the previous step without overlap. If a step isn’t completed, you can’t jump on to the next one.

ELM: A Seamless Experience to List a Token

Businesses across the US and the world are moving fast to blockchain technology. With the evident benefits and hype around the subject, it is also a necessary step. Further, this will help pioneer the new age technology and take first-mover advantage. However, coding the project-specific token, researching all the exchanges & selecting the right one, hiring the listing expert, and filling out the application form can be tedious. Some of the factors of which we need thorough knowledge are

• The public adoption rate of exchanges
• The general trend of usage type of the exchange
• Listing fees of the exchange
• Transaction fees etc.

Here, services like Enterprise Legion Management (ELM) may provide projects the help they need. ELM makes the transition to blockchain smooth and enriching, deriving total value. So whether you are looking for funding or building brand loyalty among customers through tokens, ELM shall help you at every step in pioneering the industry.