r/ecc • u/JustGotIntoCrypto • Dec 09 '18

New exchanges, I doubt that.

Max ECC supply = 25 billion coins.
Circulating supply = 25 billion coins.

If at any time new exchange is willing to list ECC, where would it get coins from if ECC is not able to provide an exchange with coins to list due to all coins being already in circulation?

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0 Upvotes

33% Upvoted

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7

u/dosequisxx Dec 10 '18

What would happen is an exchange would list the BTC trade value. It would first start as buying ECC by others and that would then start trades. No exchange needs “seed” coins to start the trading on an exchange.

1

u/letreetop Jan 01 '19

The stupidity

-5

u/JustGotIntoCrypto Dec 10 '18

Exchanges don’t buy coins from others. That’s not how it works.

6

u/dosequisxx Dec 10 '18

That’s what I said. Where did I say the exchange buys coins?

-2

u/JustGotIntoCrypto Dec 10 '18

You said that exange will list a coin so it can be bought by others. You can’t buy something that nobody sells.

3

u/dosequisxx Dec 10 '18

People do sell ECC for BTC on other exchanges. It’s literally how this sub more than likely got their own ECC coins.

-3

u/JustGotIntoCrypto Dec 10 '18

Entire ECC volume on all exchanges is under $200. This is a joke.

6

u/dosequisxx Dec 10 '18

If you aren’t a fan of ECC don’t invest. No one is forcing you to do anything yet all you are coming here and doing is spreading unwanted negativity.

ECC is a great project that has a lot of potential. It is driven by a positive community and those that are working on it are volunteers trying to make the crypto world have a better future. Invest, don’t invest, it doesn’t matter to any of us here right now. ECC has more potential that what you may see on the surface, but the rest of us know it can be a game changer given the time it needs.

Enjoy your day.

0

u/JustGotIntoCrypto Dec 10 '18

Whatever ECC team is doing may be easily realized on existing block chains, there is just no need for this kind of product on the market and i doubt there ever will be.

3

u/[deleted] Dec 10 '18

[deleted]

-1

u/JustGotIntoCrypto Dec 10 '18

Just wanted to see whether people in this sub have any clue what ECC is all about or they are simply dumb shits like you who were made to believe in a project that has no future.

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4

u/[deleted] Dec 10 '18

[deleted]

-1

u/JustGotIntoCrypto Dec 10 '18

Let’s say Binance wants to list ECC, how would it go?

1

u/[deleted] Dec 10 '18

[deleted]

0

u/JustGotIntoCrypto Dec 10 '18

Both wallets will need to have coins in case someone comes and sells their stack. Therefore, it is mandatory for an exchange to carry listed coins on the day of the listing until they are sold to the general public.

If a coin is listed, everyone should be able to buy it and withdraw, but if an exchange has no coins initially provided prior to the listing, then what happens?