Learn about the importance of including a token or cryptocurrency within an exchange and how this action allows a better evolution and adoption of it among its users globally.
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SSurely you have ever wondered why a cryptocurrency o token within exchange. How useful can this action have for the life cycle of these assets? How do they help you evolve?
You will be surprised to know the great importance of the inclusion or "listing" in the life cycle of a token or cryptocurrency, since it is the one that allows its use and boost its acceptance and value for all.
In this article we will explain why listing a token or cryptocurrency is so important not only for its proper development, but also for the users and holders of those tokens or cryptocurrencies.
The importance of listing a Token
To understand the importance of listing a token, we must first understand that traditionally a cryptocurrency exchange or “exchange”Like any market, it is a space where buyers and sellers create their respective exchanges freely. It is in this space, where both agree on the final price of these operations, something that humanity has practiced since its origin.
Of course, the way we trade has evolved a lot along the history. And it is that, in ancient times, these exchanges were rudimentary and generally based on barter. But, in the course of time, they evolved thanks to the appearance of new forms of value (such as gold or silver). Added to this was the arrival of coins, paper money and banknotes, currencies, until reaching their evolution in cryptocurrencies.
With the arrival of cryptocurrencies, markets were transformed into spaces in which everyone can participate, leaving behind the exclusivity of an elite capable of moving millions. Now anyone with an Internet connection can access these markets and participate, with the enormous advantages that that means.
This is just part of the power of cryptocurrencies and something that pioneers like Martti malmi (known as sirius-m), understood when they created the world's first crypto marketplace."New Liberty Standard“, in which you could exchange Bitcoin for dollars. From then until now the evolution has been incredible and the reach of cryptocurrencies reaches the whole world.
In fact, the creation of this exchange for Bitcoin marked a turning point, one in which a fair, open exchange vehicle was created and in which anyone could participate. Also, the arrival of new people to the market increased the demand for bitcoin. With this, it began to be widely accepted as a medium of exchange and its revaluation cycle began. A revaluation that continues to this day, and that we can also observe in other cryptocurrencies and tokens.
It can be said that exchanges are the ones that have allowed Bitcoin to be what it is today, a currency of global reach and whose total value exceeds and rivals entire countries. A clear example of economic freedom and absolute decentralization, working perfectly in a world without impositions of any kind.
Reasons for listing a Token
In that sense, it is worth highlighting some of the main reasons that lead to listing a token within an exchange, namely:
The freedom to exchange the token or cryptocurrency
The secret of all this is in "freedom to exchange". This is possible because everyone attends the exchange or markets, everyone makes their offers, being free to choose the one that interests them the most, according to the mutual interest between the seller and the buyer who participate in said exchange. In the end, the "Law of supply and demand» makes his best play and tells us the overall value of the trade item.
This is what allows us to guide ourselves to find the best value for what we exchange. A system that always allows both parties to win and have the utility they are looking for. After all, they both have "opposing interests" and they seek to achieve the same.
Well, this freedom is magnified with cryptocurrencies. On the one hand, the issuance of these assets is generally decentralized and the control exercised by the user over them is total, having the ability to do whatever they want with them. For example, you can send value anywhere, without borders, or you can even simply burn those coins and make it impossible for them to be used. What's more, thanks to exchanges the ability to exchange is increased, which increases their utility and scope.
For example, if you are in Spain you can use BTC and make a payment to buy a smartphone at a good price in an online store that accepts that cryptocurrency located in India. For your part, you have paid with extreme ease for a good that you wanted, while the store has made an additional sale thanks to the use of BTC, which it can transform into Rupees, through an exchange, and continue with its operations. All in a matter of minutes and in complete safety.
This simple example illustrates the importance of exchanges and the list of cryptocurrencies or tokens within them. It is not only part of a speculative event, but of real use to everyone. A utility that allows universal access to tokens or cryptocurrencies and that all market participants can enjoy the benefits that they can bring.
The freedom to access the token or cryptocurrency
Another important aspect of listing a cryptocurrency or token on an exchange is liberalize and massify their access. A serious problem of the current decaying fiduciary financial system is the limited freedom of access that exists to it. A good example of this is that more than 40% of the world's population lacks at least one bank account, and more than 65% of the population does not have the possibility of using financial tools of any kind. This means that they do not have the option of digital payments, nor access to savings instruments, much less credit.
Cryptocurrencies and exchanges have radically changed this. All thanks to the fact that they have created bridges between people, access to cryptocurrencies and new financial tools. You only need a device with Internet access or a physical point where you can exchange local currency for cryptocurrencies to obtain them.
Thereafter, the person can simply save (make HODL) and wait for the value saved to multiply in the long term. A simple action that will allow you to increase your wealth and create a better future for yourself, your children and grandchildren. You will also be able to enter the ecosystem of the decentralized finance (DeFi) and take advantage of, for example, your deposits in exchange for interest to obtain a passive income on a monthly basis or your loans.
In any case, the exchange (centralized or decentralized) becomes the bridge that allows these people to access services that have probably never been available to them. Hence, the importance of removing entry barriers and releasing it. The greater the possibility of entering, the greater the opportunities for everyone, which translates into greater possibilities of improving the quality of life of all the people who use these services wherever they are.
Conclusions
As you have seen, exchanges represent a pillar in the world of cryptocurrencies. Beyond the speculative noise that may surround you, exchanges help people freely access and exchange their cryptocurrencies according to your needs. In addition, they allow to create bridges with the fiat world, which makes it possible to send value between both worlds without obstacles.
Exchange platforms understand this role and therefore evolve towards complete platforms, with different services ready to meet the needs of their users. Users with such diverse needs and possibilities, but who are united for the same reason: the economic and financial freedom of cryptocurrencies.
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