Lucie, a marketing executive for Shiba Inu recently disclosed some behind-the-scenes practices regarding how centralized cryptocurrency exchanges decide which tokens to list. In a series of posts on X, she highlighted key issues influencing the token listing process.
Questionable Listing Practices on Centralized Exchanges
According to Lucie, many centralized exchanges often list tokens without considering their long-term viability. She revealed that some platforms are more focused on receiving payments from token developers rather than assessing the potential of the projects. “It’s all about business now — integrity in this market is no longer part of the game,” Lucie stated.
She emphasized that even well-established tokens backed by solid blockchain technology can be ignored by these exchanges unless the developers are willing to pay significant fees. Lucie expressed concern that such practices harm the integrity of the crypto space, as exchanges prioritize short-term profits over supporting sustainable projects.
Lucie also discouraged projects from paying exchanges for listings, noting that many newly listed tokens have seen their prices fall significantly, with 30-50% declines after being listed. She believes centralized exchanges are more interested in short-term financial gains than promoting innovative blockchain projects.
Instead, Lucie urged the crypto community to focus on educating people about decentralized finance (DeFi) and fostering long-term growth rather than seeking immediate fixes. “Let’s push for real growth, not quick fixes,” she advised.
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Warning About Scammers Using the Name of Founder Ryoshi
In addition to her comments about token listings, Lucie issued a warning to the global Shiba Inu community about an increase in scams using the name of SHIB’s founder, Ryoshi. According to Lucie, scammers have been promoting fake tokens by falsely claiming they are linked to Ryoshi and the ecosystem.
Lucie reminded the community that, at present, only four tokens are officially associated with Ryoshi and the SHIB ecosystem: SHIB, LEASH, BONE, and TREAT. She stated that any claims about more tokens aside from the aforementioned being available now are fraudulent.
To reinforce her point, Lucie retweeted a post from the “Shibarmy Scammy Alerts” account, which had published a more detailed message about crypto fraudsters targeting SHIB holders. The post warned users about scammers trying to deceive them into purchasing fake tokens that are supposedly connected to Ryoshi’s vision.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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