CoinMarketCap is the single largest cryptocurrency listing website with over 120 million monthly visits.
Naturally, all creators want to get a slice of that cake. Because being out there, discoverable, and accessible is vital. After all, if your token is not listed on any well-known exchanges and listing websites, customers will unlikely entrust the money to that project.
Additionally, many investors use CoinMarketCap as a foundation for their decisions.
CoinMarketCap lists multiple new coins and tokens every day. They are nowadays featuring over 22 thousand different cryptos.
This may indicate to us that getting your coin listed on CoinMarketCap may not be that complicated after all. And it is really not.
In this article, we will take a thorough look at how to list tokens on CoinMarketCap and what are the listing requirements. Let’s dive in!
CoinMarketCap listing requirements
The good news is that the CoinMarketCap listing criteria are not a mystery, but publicly accessible information.
Since every project is different, with its own goals and usability cases, the requirements cannot be set too specifically. So a vague formulation is appropriate.
This means you will have to wait tense until the last minute. Until you get a message from CoinMarketCap about whether your token has been accepted for listing or not.
However, if your project is built on a good foundation, with a great vision and concept, there is nothing to worry about.
There are 3 principles, that CoinMarketCap uses to evaluate every project submission. They are:
- Credibility: Is the requester able to substantiate his/her case with supporting evidence?
- Verification: Are we able to verify the information from credible and independently verifiable sources?
- Methodology: Is this request in accordance with our methodology?
In the ideal world, CoinMarketCap would be able to entertain most of these requests. But since they are getting hundreds of new requests on daily basis it is not possible. So these guidelines are used to prioritize listings.
The CoinMarketCap listing process doesn’t end here, by meeting these criteria. But it is giving you the chance to be pushed forward in the review process.
After your submission is submitted CoinMarketCap will perform a number of evaluations, on which a decision will be made later on.
CoinMarketCap listing Evaluation process
The Evaluation process of your token is based on 8 factors. However, it is not limited to only these factors. The CoinMarketCap evaluation process is not a matter of simply ticking off a prepared checklist.
- Trading Volume & Market Pairs – Trading volume and liquidity help with establishing a market price for users to acquire and sell cryptoassets. We also pay close attention to the market pairs on supported exchanges and the sources of the volume.
- Community Interest & Engagement – A project’s usefulness is largely a function of adoption and its ability to foster meaningful interactions with its community and user base.
- Traction/Progress – This can take the form of user growth, partnerships, institutional/consumer adoption, and roadmap progress
- Team – The personnel, investors, and advisors are integral to the success of any given project, especially if there are transferable skills/experience/networks that can be leveraged. The conduct of the team (e.g. transparency and professionalism) will also factor into our assessment.
- Product/Market Fit – A project with a minimum viable product that addresses a specific pain point, problem, or use case is more likely to gain traction in the long run.
- Impact & Practicality – Some of the most transformative ideas (such as livestreaming and eCommerce circa 1996) failed initially because they were ahead of their time. By that very token (pun intended), it is critical that a project be easy to implement and use for a sizeable addressable market.
- Uniqueness & Innovation – Creating a project with unique and interesting characteristics/technology expands the use cases for crypto and helps the crypto ecosystem grow as a whole.
- Project Longevity & Activity – Many projects come and go. For this reason, we prefer to list projects that have stood the test of time.
CoinMarketCap listing tiers
Your coin or token may then be given one of a few different tiers.
Unverified Listing
Unverified Listing status is given to DEX pairs, that were created through an automated process and have not yet been reviewed by CoinMarketCap.
These listings may not contain the information you are used to seeing. Like logo, website, or even project name.
An example of an unverified listing might be a newly created trading pair for an existing coin. Coin A is already listed on CoinMarketCap and contains all the important information. This coin is also connected to CMC using on-chain data. So CMC takes the data of the newly created trading pair from the chain, but this new coin (Coin B) is not yet verified as a listing.
Verified Listing
Verified Listing status has coins and tokens, that have been manually reviewed by the CoinMarketCap team.
This status is further divided into 3 tiers. This is based on how much information the CMC has about the coin.
Inactive Listing
Projects that have been set to inactive status due to the absence of market data.
This happens if the coin is subsequently withdrawn from an exchange. Because for your token to be listed on CoinMarketCap it must be actively traded on at least two CMC-supported exchanges.
However, if your coin is withdrawn from these exchanges, it will get the Inactive Listing status.
Untracked Listing
Projects that don’t meet the guidelines to track market data are given this status.
Even though one of the requirements for your coin to be listed on CMC is to be actively traded, coins that don’t meet this can be listed.
This is on the condition that they excel in another area.
Tracked Listing
Projects that meet all of the guidelines and are fully listed on CoinMarketCap.
For a coin or token to be considered for a tracked listing, it should meet the following criteria:
- Leverage cryptography, consensus algorithms or distributed ledgers, peer-to-peer technology and/or smart contracts to function as a store of value, medium of exchange, unit of account, or decentralized application.
- Must have a functional website and block explorer.
- Must be traded publicly, and actively traded on at least one (1) exchange (with material volume) that has tracked listing status on CoinMarketCap.
- Provide a representative from the project with whom we can establish open lines of communication for any clarifications.
How to get your coin listed on CoinMarketCap
To list tokens on CMC you first need to fill in the online submission form. But, make sure to meet all the requirements.
After your form is submitted your coin be evaluated on several criteria, ensuring its authenticity and uniqueness. However, even creating the most unique coin isn’t enough to guarantee a listing on CoinMarketCap.
Being included in as many exchanges as possible will probably help you the most. After all, each marketplace has its requirements, and if you meet those, you’ll meet CoinMarketCap’s.
Alternatively, you can use online businesses that offer a fast listing service.
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