How to List Token or Coin on Poloniex

Poloniex is a cryptocurrency exchange ranked among the top 100 exchanges on CoinMarketCap. It trades more than 750 trading pairs, and its daily trading volume reaches $1 billion. Today, we will guide you through the process of listing a token on Poloniex, including the available listing options, required documents, and the application process. We will also look at common mistakes made by beginners. Let’s get started!

What is Poloniex

The centralized (CEX) exchange Poloniex was created in 2014 and is now actively supported by the creator of Tron, Justin Sun. The platform offers a variety of products, including spot and margin trading, futures, and perpetual swaps. It has its own P2P section, a staking section, and a trading terminal.

The exchange regularly adds new projects and may be of interest for listing your token due to its fast market entry and high liquidity. All new projects can be found in the “New Listings” section.

Options for entering the platform

There are two options for listing on Poloniex: direct listing on the spot and listing through Poloniex’s launchpool platform, LaunchBase.

Direct listing is the classic listing option, which begins with applying the official form. When filling out the application, you provide a complete set of documents, and the exchange team checks all the documents and decides whether to add the token to the platform.

Listing through LaunchBase is available only for projects that are not yet listed on other exchanges. The process is more strict, but in return, the project receives more marketing support from the exchange.

Preparing for token listing on Poloniex. Collecting a package of documents

Selection criteria

The Poloniex team pays attention to certain points, knowing which can help you better prepare your application:

• Among the legal information, the team checks the key participants in the project.
• It is important that the project team is not anonymous and that its background can be easily verified.
• In tokenomics, protection from large holders is important to ensure that the principle of decentralization is observed. It is also important to know who will receive tokens and according to what schedule.
• If the project token is already being traded, trading volumes and interest in the coin are checked.
• If your project involves a product, you must show its MVP to prove that the product exists and is in working order.
• A website, social media accounts for the project, and the availability and transparency of updates are required.
• Readiness for integration: there is a liquidity plan for listing, a ticker, and the possibility of further adding the token to the futures section.

Step-by-step instructions for submitting a listing application

Once you have gathered all the necessary documents, you can proceed with submitting your application. Poloniex does not have a traditional listing form like other exchanges. To initiate the application process, please send an email to listings@poloniex.com. After that, representatives of the exchange will contact you, and you will fill out the application form provided, specifying the whitepaper, tokenomics, legal documents, community metrics, smart contract audit, and marketing plan. You will also need to fill out basic information about the token: ticker, available networks, and smart contract address.

Once you have submitted all the necessary information, it will take a couple of weeks to a couple of months to review (due diligence) all the information provided. If there are any additional questions, you will be contacted. We advise you not to rush the team with their decision, as this may only slow down the application review process.

Once your application is approved, the technical integration of the token on Poloniex and testing of deposit and withdrawal functions will begin. After that, you and the Poloniex team will draw up a launch plan in which you will determine the date and time of the listing and the format of marketing support from the exchange.

Trading of the new token will begin at the appointed time. It is important not to stop building the project and developing the community, and to continue working on the project after listing. Also, after the launch of trading, it will be necessary to optimize liquidity, connect a market maker, and monitor trading volume.

Common mistakes and how to avoid them

If you are listing a token for the first time and do not have much experience in it, there is a high probability of making common beginner mistakes that can lead to listing rejection. Let’s take a look at them in this section so that you are aware of these issues in advance. Among the most common mistakes are:

• Lack of smart contract audit. This will most likely lead to the rejection of your application.
• Unclear white paper or tokenomics. If the user still has unanswered questions after reading it, the documentation is poor.
• Weak community or lack of a marketing plan. If research reveals weak community support or a lack of a clear marketing plan for the project’s development, the outcome will most likely be rejection.
• There is a discrepancy between the actual figures and the data provided. Try not to embellish the picture and only provide actual figures. If the team finds a discrepancy during the review, the project will not be listed.
• Non-compliance with AML or KYC standards. To increase the trust of the exchange and users, it is important to follow all security standards.
• Lack of a liquidity plan and understanding of how to maintain smooth token trading after listing.

If you are unsure of your abilities or do not know how to quickly and competently prepare for listing, we recommend contacting the listing agency Listing.Help for assistance. We will help you choose an exchange for listing and assess the chances of a successful placement. We offer a turnkey solution, including project positioning, document preparation, and post-listing support, which encompasses assistance with market making, marketing and development recommendations.

We have direct contacts with exchanges, including Poloniex, so the placement process with us is five times faster than submitting a listing application on your own. We also help you save money and negotiate the best listing terms.

If you have any questions, you can ask them during a free consultation.

Conclusion

Poloniex is an excellent choice for projects seeking a large influx of liquidity and increased reach. In most cases, we recommend choosing a direct spot listing, but keep in mind that listing in this case is not guaranteed, and the final decision remains with the exchange. 

Nevertheless, preparation for listing should begin in advance to allow sufficient time for preparing a complete set of documents, assessing the community’s size and engagement, and reviewing project metrics. Try to be transparent not only with the exchange team, but also with your community. Write clear and concise tokenomics, a white paper, and a roadmap. Notify users of significant updates and innovations. Respond to comments and hold AMA sessions. All of this will increase engagement and trust in the project.

With proper preparation, your listing on Poloniex will be successful. If you still have questions, sign up for a free consultation at Listing.Help. Good luck with your listing preparation!

For more insights and updates on the crypto world, don’t forget to check out our blog at Listing.Help.