Liquidity Lounge#1| The Podcast Transcription
In this insightful episode, we’re joined by Akshay from XT.com, who sheds light on the intricate processes and criteria for listing projects on one of the leading cryptocurrency exchanges.
Akshay provides a detailed walkthrough of the steps involved from initial contact to final listing, alongside the security measures and criteria that ensure the integrity and success of tokens on their platform. This discussion not only uncovers the operational aspects of XT.com but also delves into their strategic vision for the future in the dynamic crypto market.
Key Topics Covered
1. Listing Process at XT.com: Akshay explains the comprehensive procedure that projects undergo to get listed on XT.com, from initial strategies and marketing plans to integration and announcement.
2. Criteria for Project Listing: The specific requirements for projects looking to be listed, including due diligence on websites, whitepapers, and community engagement, as well as the importance of external audits.
3. Security Measures: The robust security protocols XT.com implements to safeguard user funds and maintain the integrity of listed tokens, including cold storage solutions and bug bounty campaigns.
4. Types of Tokens and Fees: Insight into the diverse types of tokens XT.com is willing to list, their approach to listing fees, and the financial obligations involved for projects seeking to join their platform.
5. Future Plans and Growth Strategies : Akshay discusses XT.com’s forward-looking strategies aimed at market expansion, enhancing user experience, and staying ahead in technology and security to cater to global crypto enthusiasts.
Mids capital: Akshay, could you walk us through the general process for projects to get listed on XT.com?
Akshay: Certainly. It typically begins with understanding the project’s expectations and goals. After an initial introduction, we proceed with strategies, marketing plans, and contracts. Once the contract is signed and prerequisites are met, my team takes over. We gather project information, conduct checks, and proceed with deposit/withdrawal testing and integration. The entire process can take 2–5 days, depending on the expedited timeline. Finally, we make the listing announcement to our users.
Mids capital: What are the specific criteria and requirements XT.com has for listing projects?
Akshay: We review the project’s website, whitepaper, token distribution, and community engagement. Due diligence is crucial to ensure the project is not involved in fraudulent activities and has the capability to block wallet addresses or manipulate transactions. We also partner with CERTIC for additional auditing and review. Our technical team checks the project’s coding and security aspects. Audits from reputable firms can expedite the process.
Mids capital: Security is paramount in the crypto space. What measures does XT.com have in place to ensure the security and integrity of listed tokens and user funds?
Akshay: We prioritize security and integrity. We have proof of reserves, with the majority held in Bitcoin, Ethereum, and USDT. User deposits are stored in cold storage wallets for enhanced security. We run 24/7 bug bounty campaigns, rewarding users who identify potential vulnerabilities. Additionally, we have measures in place to safeguard projects and users in case of any incidents, although we are proud to say we have been hack-free since 2018.
Mids capital: What types of tokens is XT.com open to listing, and how do you handle listing fees?
Akshay: We are open to listing various types of tokens, including meme tokens, utility tokens, and tokens from emerging blockchains like ERC-404 and BRC-20. We prioritize projects with strong community engagement and user interest. Regarding listing fees, we have one-time fees, liquidity requirements for a certain period, and potential security deposits. The fees and marketing packages can be customized based on the project’s specific needs, but the exact amounts are not disclosed due to NDAs.
Mids capital: Looking ahead, what are XT.com’s future plans and growth strategies in the ever-evolving crypto market?
Akshay: We’re constantly evolving to meet the needs of our users and the market. Our focus is on expanding our token offerings, enhancing security measures, and improving user experience. We also plan to explore new markets and partnerships to further solidify our position in the industry. Additionally, we’re investing in research and development to stay ahead of emerging trends and technologies. Overall, our goal is to continue providing a secure, reliable, and innovative platform for crypto enthusiasts worldwide.
Mids capital: Thank you, Akshay, for sharing valuable insights into XT.com’s listing process and future endeavors. It’s been a pleasure having you with us.
Akshay: Thank you for having me. It’s been a pleasure discussing our platform and plans with you.
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