Crypto.com just listed DeSo!! So what could this mean for DeSo and $DESO? There are 3 major implications.
Crypto.com is a Tier 1 exchange and has 80M users worldwide!
Herse's the news: crypto.com/product-news/crypto-com-app-lists-decentralized-social-deso
Here's the listing: crypto.com/price/deso
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1. Organic Growth: @nader reported that this listing was organic meaning that crypto.com listed this without the involvement of the foundation. This means that they have high conviction in the asset. All Centralized Exchanges (CEXs) usually have a high bar and strict assessment criterion to be met even before considering a listing. They are approached by thousands of projects every year and only approve a small percentage of applications. The fact that this listing came about without an application validates that DeSo is able to grow organically. This is a huge indicator for future success for any project.
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2. Trade Volume Increase: This implies that crypto.com sees potential to increase THEIR trade volume by listing assets that they deem will generate interest across their 80M user base. With so many eyeballs on the asset, it's certain that this channel will bring in new traders and certainly some users.
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3. More Listings: Given that a T1 exchange has organically listed this. We now have the opportunity to approach other exchanges to seamlessly list $DESO as well as start promoting it to their users. There's an opportunity here to execute on amplified PR strategies that could create an explosive growth burst if played correctly.
Let me know your thoughts on other implications. 💎💎💎 For interesting opinions.
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