Tectum is excited to announce that Tectum Emission Token has reached a milestone of $5 in trading volume. The update comes just a few days after TET was listed on the Gate.io exchange. This is more than just a number, it is proof of trust from our community members in our project.
After attaining this achievement, the team decided it was essential to appreciate users who always support the project. In addition, we, through this article, will outline our goals for the coming months. Believe us, we have great ideas in store for everyone.
Tectum Emission Token (TET) Reaches the $5 Million Trading Volume Milestone: The Journey So Far
Since the initial coin offering, Tectum has explored several options to enable interested investors to become stakeholders in this project. Part of this process involves listing TET on various exchanges to enable people to easily buy, trade and add our token to their portfolio. Interested persons can read this article on Exchange to buy Tectum tokens.
There are different levels of exchange and people have to understand how these trading platforms work. Tier 1 exchanges are very popular and offer more robust forms of crypto-related services. Examples include futures trading, ETF trading, farming, lending, etc.
By their services, individuals are exposed to more significant levels of risks. To protect users and their reputations, these trading platforms must properly vet any cryptocurrency they intend to list. Therefore, they have very stringent requirements before listing a project.
Requirements for Listing on an Exchange
Some of those demands include the following:
- Project Credibility: involves assessing the team behind the project, their track record, and transparency in operations. The aim is to assess the overall reputation within the crypto community. A cryptocurrency with high project credibility is more likely to gain the trust of investors and users.
- Technical Compatibility: ascertains how the underlying blockchain technology infrastructure of a project is compatible with the standards and requirements of a particular crypto exchange. Ensuring technical compatibility is crucial for a smooth integration of the cryptocurrency onto the exchange platform. Furthermore, this allows users to trade and interact with the token seamlessly.
- Compliance: ascertain how well Tectum adheres to regulatory requirements and guidelines set by relevant authorities. Crypto projects seeking to be listed on exchanges must comply with legal and regulatory standards to ensure a secure and lawful environment for users. These measures may include KYC (Know Your Customer) procedures, AML (Anti-Money Laundering) regulations, etc.
- Liquidity: refers to how easily a particular asset can be bought or sold without causing a significant impact on its price. A cryptocurrency with high liquidity typically has numerous buyers and sellers. In turn, this makes it easier for traders to execute transactions quickly at stable prices. Liquidity is a key factor in determining the efficiency and attractiveness of a cryptocurrency for trading on an exchange. In addition, it also affects the gas fees users will pay for completing transactions.
- Market Demand: reflects the interest and desire of investors to buy and trade a specific digital asset. Exchanges often consider the market demand for a cryptocurrency before listing it. High market demand indicates a strong interest from the community. In turn, it implies that the cryptocurrency has the potential for increased trading activity and overall success for the listed cryptocurrency on the exchange.