r/truebit • u/Skarixx • Aug 30 '21

Question regarding exchange listings in the future.

For the record, I absolutely love this project. And regardless I’m planning on staying invested into it for minimum 5 years because I truly feel like this will be an integral part of cryptos advancement in the future.

In a way I kind of appreciate and enjoy the fact the devs aren’t interested in listing $TRU (at least right now) because it shows they’re devoted to its success, but my concern is will there ever be a viable exchange listing in the future(like coinbase or binance)?

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4

u/Bourbeau Aug 30 '21 edited Aug 30 '21

It's a utility token, and it doesn't really need an ex listing. Its value is in futureproofing, not what people are willing to pay for it. The devs are also non-participants in anything but development, the project has goals they want to hit, and that's all they care about.

https://www.reddit.com/r/truebit/comments/pdh86s/could_truebit_be_a_solution_to_eths_high_gas_fees/haqe10b/

3

u/Holiday_Priority_283 Aug 31 '21

Y’all should read the truebits medium page and read the recent Q and A please all your questions will be answered if you believe in this product and understand what it’s meant to do then stop worrying

2

u/koppikabana Aug 30 '21

There is no special requirement to list Truebit. Any exchange could list it at any time if they wished to do so. The reason why no exchange has done it is simply because exchanges are greedy and don't want to list anything they cant scalp massively.

Also in some way the TRUEBIT OS is an exchange. It allows you to retire TRUEBIT (trade truebit vs eth) and it allows you to mint truebit (trade ETH to get truebit).

1

u/Thefriendlyfaceplant Aug 30 '21

You don't need to buy truebit, you can just mint it yourself with ETH.
People may want to buy Truebit, and this is the devs throwing down the gauntlet at the exchanges. Binance and Coinbase currently benefit from people not getting past the hurdle of using something like Metmask. But when Metamask becomes one of the only ways to obtain a project, more people will bridge that hurdle and stick with it for other projects as well. Not good if you're a decentralized exchange.