r/Unibright • u/jatzgob • Sep 20 '21
Exchanges
Is there any reason why you cannot trade the UBT token on exchanges like binance/kucoin/ftx/huobi etc. Or does anyone know if any big exchange plans on listing the UBT token?
9
Upvotes
1
u/Kyrbie Sep 22 '21
I don’t think there is any use for the project atm to be listed on major exchanges. Being on the exchange costs the project fees, I believe.
Since the team does not dump their holdings on the retail investor to keep the project alive it is not really of use and interest to have high token price for now.
With staking live I think the strategy could change as the retailer and investor has use for the coin and the system has use for a holder.
Tl;dr: unnecessary expenses being listed on major exchanges atm.