What makes a good crypto token?

[Polly Lieberman]

Every so often, entrepreneurs launch new tokens with unique features trying to fill one or the other gaps within the existing crypto offerings. While there are countless reasons to create a new token, ranging from solving new use cases to simply flexing, its long-term success is determined by the size of the community that holds and trades the token.

One of the main methods to get a newly launched cryptocurrency or token in the hands of as many people as possible is to get it listed on crypto exchanges. That being said, it is important to understand and adhere to the unique requirements set by crypto exchanges to be able to be considered for being listed.

While most crypto listing agency are purpose-built differently to serve various use cases, tokens that make a name for themselves in the marketplace share some common traits — that are highly appreciated by crypto exchanges. Launching a new crypto token is no longer a big feat due to numerous white-label services and off-the-shelf offerings. However, when it comes to getting listed on crypto exchanges, the tokens need to prove their worth across multiple factors.

Continuous improvement has become a norm across the crypto ecosystem. As a cryptocurrency token, the community expects active participation from the team behind the cryptocurrency project. Active participation involves — but is not limited to — sharing (weekly/monthly/yearly) updates about new developments, progress or plans, addressing concerns raised by the community and introducing new features based on the previously established roadmap and white paper.