Telegram Getting Listed on Coinmarketcap
- Cryptocurrency listing on CoinMarketCap
- Crypto exchange listing on CoinMarketCap
- Do you need to add your project to CoinMarketCap?
One of the key goals creators of cryptocurrencies and crypto exchanges might pursue is getting into CoinMarketCap’s catalogue. And this may offer huge opportunities. Let’s see how to do it.
CoinMarketCap is the most popular platform for monitoring cryptocurrency prices and a catalogue of crypto exchanges, both centralized and decentralized. Its mission is to make cryptocurrency accessible and efficient, providing people with accurate and unbiased information they can rely on when investing or trading.
CoinMarketCap (CMC) was founded by Brandon Chez in May 2013. In April 2020, it was acquired by Binance Capital Management.
Cryptocurrency listing on CoinMarketCap
For many new cryptocurrencies, getting listed on CoinMarketCap is the number one goal in the project growth plan. This is an essence of long months spent on development and promotion.
How getting listed on CoinMarketCap can benefit a cryptocurrency
- Trust. This is the main reason why cryptocurrency creators are so motivated to get to CMC. If a cryptocurrency is featured in the catalogue, everyone knows it was created by professionals and can be trusted.
- Ability to monitor the price and trading volume. Information provided by such a reliable source as CMC is useful to show in marketing materials.
Criteria for selecting cryptocurrencies
CoinMarketCap states that it employs 5 criteria to evaluate a cryptocurrency. It must:
- Run on a blockchain or smart contracts, use cryptography, consensus algorithms, and a decentralized network.
- Be a currency unit used as a means of payment, exchange, or saving.
- Have a healthy website and a block explorer.
- Be traded on at least one centralized exchange that has a traceable status on CMC.
- Assign a representative who will answer all questions about your project.
In practice, CMC also evaluates the following parameters:
| Volume and trading pairs | Trading volume and liquidity are factors that help users set market prices for cryptocurrencies. CMC also thoroughly inspects trading pairs on supported exchanges and sources of volume. |
| Community interest and engagement | A cryptocurrency’s helpfulness depends heavily on how the community perceives it and whether it can maintain user relations. |
| Traceable progress | Can have different forms: growth in the user number, increase in partnerships or features for institutional investors or customers, roadmap progress. |
| Team | Whether a project gets prosperous hinges on the developers, managers, advisors, and investors — especially if their skills and expertise can be utilised. CMC also takes into account the team’s behaviour (e.g. competence and transparency). |
| Market share | A project with an MVP that addresses a certain problem is more likely to gain traction. |
| Influence and practical use | Some of the most groundbreaking ideas (e.g. live broadcasting and e-com) failed first — just because they were much ahead of their time. It’s critical that the project can be implemented and put into practice in the target market. |
| Uniqueness and innovation | Developing a state-of-the-art project offering one-of-a-kind technology or features expands the use of cryptography and contributes to the crypto ecosystem as a whole. |
| Length of service | Projects come and go, and some are dumped too quickly. This is why CMC prefers exchanges who have stood the test of time. |
In simple words, a project should:
- Generate value, innovation, idea. Yet another regular ERC-20 token won’t go great guns.
- Have a public team with links to key members’ LinkedIn profiles provided.
- Get listed on at least one centralized exchange (preferably three) and see good trading volume. Read more in ‘Getting Listed on Crypto Exchanges.’
- Have an established and active community.
It might be a big deal. But it is totally worth it!
Crypto exchange listing on CoinMarketCap
As with cryptocurrencies, appearing on CoinMarketCap can be a driver for any crypto exchange, primarily in terms of trust. Almost all exchanges strive for this, but only few can succeed.
How getting listed on CoinMarketCap can benefit a crypto exchange
- Trust. This is the main reason why exchanges are so motivated to get to CMC. If an exchange is featured in the catalogue, it is easier for it to gain recognition and user trust.
- Ability to monitor the trading volume. Information provided by such a reliable source as CMC is useful to show in marketing materials.
- Ability to capitalize more on listing cryptocurrencies. Many exchanges generate the main income from paid listings of cryptocurrencies. And presence on the CMC, especially in high positions, can have a big impact on the revenue an exchange will generate from listing cryptocurrencies.
Criteria for selecting crypto exchanges
CoinMarketCap states that it employs 7 criteria to evaluate a crypto exchange. It must:
- Operate at least 60 days (affiliated exchanges or projects with the same name must have the same length of service).
- Offer a versatile website demonstrating the trading volume consistent with API data.
- Publish a consolidated API endpoint that shows the latest price and 24-hour volume of each cryptocurrency.
- Have direct URLs clearly displaying each cryptocurrency (full name, logo). It’s advisable that there is a ‘System Status’ page that shows all supported cryptocurrencies.
- Let users view all trading pairs and order books without logging in.
- Let users place buy and sell orders in the order book. Decentralized exchanges offering no order book are evaluated individually.
- Assign a representative who will answer all questions about your exchange.
In practice, CMC also evaluates the following parameters:
| Volume and trading pairs | Trading volume and liquidity are factors that help users set market prices for cryptocurrencies. CMC also thoroughly inspects trading pairs on added exchanges and sources of volume. |
| Community interest and engagement | An exchange’s helpfulness depends heavily on how the community perceives it and whether it can maintain user relations. |
| Traceable progress | Can have different forms: growth in the number of users or partnerships, increase in features for institutional investors or customers, roadmap progress. |
| Team | Whether an exchange gets prosperous hinges on the developers, managers, and investors — especially if their skills and expertise can be utilised. CMC also takes into account the team’s behaviour (e.g. competence and transparency). |
| Length of service | Exchanges come and go, and some are dumped too quickly. This is why CMC prefers exchanges who have stood the test of time. |
In simple words, an exchange should:
- Have a public team with links to key members’ LinkedIn profiles provided.
- Operate at least a year. CMC doesn’t like to add new-to-market exchanges.
- Have high trading volume (at least a few million dollars per day).
- Have an established and active community.
Do you need to add your project to CoinMarketCap?
CoinMarketCap has been and will always be a leader in providing comparative data on cryptocurrencies and exchanges. Enjoying 2 million daily visitors, this website sits on the bookmark bar of almost every trader’s browser. And getting listed on CoinMarketCap is worth every effort invested.
But be ready that even if your project meets all the formal requirements CoinMarketCap sets, adding your project may take months. This may be caused by subjective reasons. In some cases, different applications from the same project but handled by different managers saw different response time.
Nobody can guarantee that your project will appear on the list. But if you do your job professionally and consistently, your chances will soar. You might want to rely on a skilled team that will help you through this process.
Polygant offers you the following services:
- Preparing technical specs and documents for CMC
- Registering an application with all requirements observed
- A marketing plan and a bunch of lead generation tips
We have been involved in listing for more than 6 years and have brought our own and clients’ crypto projects to CMC. If you want to get featured on CoinMarketCap, contact us on Telegram or through the feedback form and we will settle that for you.
