- This topic has 15 replies, 1 voice, and was last updated 2 weeks, 3 days ago by bootstr8.
- Tuesday, November 22nd, 2022 at 11:33 #408635RealVoldemortParticipant
As we all know Coinmarketcap is owned by Binance. Well, CZ just tweeted a new coinmarketcap feature. A dashboard that keeps track of reserves.
At the moment the exchanges being tracked are:
Nice tool, however…. When proof of liabilities? This doesn’t mean s*ht if liabilities are larger than the reserves.
Anyway small decent tool. Check it out. I can tell CZ is trying hard to bring some trust back to crypto but this is not nearly enough yet.
Me personally, I think these tools should have existed before. The fact that only now they are being created just shows how these companies care morw about our money than being transparent.Tuesday, November 22nd, 2022 at 11:33 #408636jiffiesborascavs60
CMC? And I am supposed to trust them?Tuesday, November 22nd, 2022 at 11:33 #408637ImThour
CMC is bought by Binance, I don’t trust it. 🙂Tuesday, November 22nd, 2022 at 11:33 #408638TOXICCARBY
This won’t be biased at all…Tuesday, November 22nd, 2022 at 11:33 #408639yourmom_fat_as_hippo
CMC giving Binance highest score of 9.9, with CB just behind with a meagre 8.3 score.
Who would have thought?
>CoinMarketCap ranks and scores exchanges based on the following: Web Traffic Factor; Average Liquidity; Volume, as well as the Confidence that the volume reported by an exchange is legitimate. Weights are assigned to the above-mentioned factors and a score from 0.0 to 10.0 is given to the Spot Exchange.
I fully agree with your Proof of reserves along with liabilities accounting. CeX are traditional businesses, and just like other businesses, they need to disclose their assets and liabilities. What does assets mean without liabilities?Tuesday, November 22nd, 2022 at 11:33 #408640Intelligent_Page2732
But can we trust them?Tuesday, November 22nd, 2022 at 11:33 #408641ligmapolls
Let me guess. No liabilities included.Tuesday, November 22nd, 2022 at 11:33 #408642Tavionnf
>Nice tool, however…. When proof of liabilities?
I don’t think proof is even possible. You can’t prove (non-smart) contracts with companies or fiat sitting in bank accounts. Also you can just show whatever wallet without any context.Tuesday, November 22nd, 2022 at 11:33 #408643Charon751
Step in the right direction, it will take time but eventually we will get there.Tuesday, November 22nd, 2022 at 11:33 #408644Rookslook
That’s a nice addition. CoinMarketCap is a great app, for tracking my blood red ‘folioTuesday, November 22nd, 2022 at 11:33 #408645strudelpower
We needed this long time ago. Good for making it happen CMCTuesday, November 22nd, 2022 at 11:33 #408646Zzzoem
Is exchange reserve what Binance users own as a collective?Tuesday, November 22nd, 2022 at 11:33 #408647Corkkel85
With liabilities it’s a bit pointless. Positive step forward at leastTuesday, November 22nd, 2022 at 11:33 #408648GreekGuy2021
I don’t trust CMC itself, but I guess they are starting to do something goodTuesday, November 22nd, 2022 at 11:33 #408649Aromatic-Front-5919
Great another centralized way to look for informationTuesday, November 22nd, 2022 at 11:33 #408650bootstr8
Remember when CMC was relevent
- You must be logged in to reply to this topic.
Related Forum Topics:
- → The DYOR tool by SCATDAO is out and ready for use. This tool lets anyone audit a project for themselves and share their report with the community. Best of all its free and interoperable. Anyone from any chain can use this tool.
- → Best NFT floor price tracking tool for this bear market!! NFT PRICE WATCH
- → [COMPLETE NOOB HERE] Wanted to create an ERC20 token. Any no code tool you would recommend? PS, I know a token is only on one chain, but I’ve seen tokens on both ETH & BSC chains. I think its called wrapping. How does it work? How is price kept same? Any no code tool you would recommend? Thank you!