One reviewer not happy with CoinMarketCap
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Created 1 year ago
Updated 1 year ago
One token they listed few weeks ago as named The dev is an Ape It's borderline criminal to list scam tokens and get newbies spend they hard-earned money on tokens with zero liquidity. CMC are unhinged and somebody has regulate or get rid of them
I am not happy with CoinMarketCap
CoinMarketCap (CMC) is a major data aggregator, but their customer service is terrible. Their paid service for fast-track listings should be banned in Western countries. While you can apply for a free listing, you may not receive any response for months. However, if you choose to pay CMC, you'll get a response in just 11 minutes! Even after paying the fee, you may still be ignored, and if you're not listed for weeks despite meeting all the requirements, there's nothing you can do about it. CMC openly threatens customers with blacklisting if they speak out about their issues. They claim to be the world's most trusted source of crypto data, but that's far from the truth, especially since most people are silenced from sharing their experiences. A 1-star rating is generous for CMC.
The entire crypto industry seems to be built on fraudulent platforms like CoinMarketCap, which is also part of this elaborate scam. The real question is why hasn't the industry been shut down yet? Who, which countries, individuals, and governments are involved in this? It appears to be a vast network of collaborations, including social media platforms. CoinMarketCap is not independent; they create their own fraudulent coins and list them on their website.
This is how things work on CMC now: it’s no longer about the quality of the project, the team’s experience and transparency, or whether there’s a solid product in place. Instead, it’s either:
You pay $5,000 to get listed, regardless of the project's merit. You already have significant traction and hype, so you might get listed for free—but at that point, you don’t even need it, as you already have visibility and momentum. Quality and substance seem secondary to these criteria.
The way CoinMarcketCap adds new tokens is really baffling. Some tokens are 1000% scam project with no website or social media, but still they list them and end up fleecing novices and part them with their money.
I am pretty sure, once you pay them few thousand dollars, they automatically list your project without even reviewing it.
They are the most popular crypto website on the planet and some users trust them with listing new tokens.