What is CoinMarketCap?
The need for crypto listing platforms has never been greater. Firms and individuals are coming up with different coins each day. Keeping track of these coins and their prices can be pretty challenging. Luckily we have CoinMarketCap to assist.
What is CoinMarketCap? CoinMarketCap is an American company that showcases the capitalization of cryptocurrencies. It tracks and lists crypto prices, available supply, and trade volume over the last 24 hours. This data is then displayed in the form of graphs or charts.
Brandon Chez founded the company in May 2013. However, Binance Capital later acquired it in April 2020. Regardless, CoinMarketCap still runs as an independent firm and commits to providing accurate crypto data.
CoinMarketCap Features
CoinMarketCap has incredible features awaiting your exploration. Some of them include;
1) ICO Calendar
The ICO calendar provides an overview of ICO events. It enables you to identify good crypto investment opportunities.
2) Watchlist
Thanks to the watchlist, CoinMarketCap users can create multiple coin lists. It allows users to share their investment ideas too. To help create connectivity, CoinMarketCap ranks the most popular watchlists.
You can follow these watchlists to get ideas on investments and how various tokens are performing. Something super interesting is its ability to sync with your devices.
3) Filters
CoinMarketCap allows you to filter projects based on various aspects. For example, you can filter by category (collectibles, NFT, Defi), Algorithm (PoS, PoW), platform (Bitcoin, Ethereum), etc.
4) Links
With CoinMarketCap, you can easily access the MetaMask link, Dextool link, etc. No more wasting time on downloading wallet apps.
5) Alexandria
Alexandria is CoinMarketCap’s encyclopedia that answers your crypto questions. The main aim here is to create awareness.
How to Get Listed by CoinMarketCap
Step 1: Fulfill the Required Requirements
Some of these requirements are;
- Have an active website for your crypto and block explorer. The website should have a trading volume that matches its API.
- Your crypto should be actively traded in at least one exchange platform. Moreover, traders should be able to purchase and sell it in the order book.
- Have a representative who will constantly communicate with CoinMarketCap’s team.
Step 2: Fill in the Submission Form
Once you have met all the requirements, download the submission form. The form is found online on CoinMarketCap's website. It is the only way to request a listing.
Step 3: Feedback
CoinMarketCap considers three factors before deciding whether or not to list an asset: credibility, methodology, and verification. It can take up to six months to get feedback from CoinMarketCap.
This mostly depends on how active your crypto is in the market. Expect CoinMarketCap to relay feedback through email.
What Causes Delisting?
CoinMarketCap can delist your crypto after listing. Some of the reasons that may lead to this are;
- Low trading activity
- Poor reception by the community
- False information
- Breach of contract
Conclusion
Getting listed on CoinMarketCap is a huge step toward success. Traders and investors from all walks of life become aware of your crypto. Furthermore, you get to enjoy the perks of being a CoinMarketCap user.
