Listing of HONEYCoin on BitMart
There have been recent changes in the work of the project, so this article is no longer relevant.
You can read more in the following article: https://honeywood-official.medium.com/nov-2022-important-news-e75ea92e64bb
Hey world!
Guess who want to celebrate their partnership and exclusive listing of HONEYCOIN, HoneyWood coins used for all in-game transactions, on BitMart in Q3-Q4 2022?
HONEYWOOD!!!
BitMart is the leading global platform for trading digital assets with over 9M users in more than 180 countries. It is ranked in the Top 20🔝Crypto Exchanges in terms of sales on CoinGecko and currently offers 1,000+ trading pairs with one of the lowest trading fees in the industry.
This partnership truly solidifies our success with the HoneyWood project in the crypto space 🗳
“But more importantly, what does the listing give you, our Bears?”
In order to answer that we need to begin with what exactly is the listing of cryptocurrencies and tokens?
Listing — the process of placing digital coins in the lists of available instruments on trading platforms. After being added to the lists, assets become available for sale and purchase, and are included in quotes.
Listing on exchanges is one of the main factors in the recognition of cryptocurrencies.
“So, how is the listing on the stock exchange?”
Large exchanges diligently select applicants for listing: they are primarily interested in potentially high trading volumes, good prospects for the development of a particular project and the growth of the user audience associated with it. The presence of natural demand from real users is a key factor that has significant weight when considering an application.
Before cryptocurrencies and tokens become available for trading, they must go through a lengthy review process. Only after several stages of selection will they be able to get on the exchanges, which are the main tool for trading digital assets.
The main thing that cryptocurrency exchanges pay attention to is the usefulness, functionality and value of the coin. The next most important criterion is security, since if the cryptocurrency network is hacked, the exchange will also suffer. They also pay attention to the reputation and professionalism of the developers.
And so our HONEYCoin proved to be the best after all the checks and listing on the BitMart site.
“Why does the price of a cryptocurrency increase after being added to the exchange?”
The reliability of the coins on the listing has been verified by experts. An increase in liquidity is also a significant advantage.
An increase in demand for an asset will certainly leads to an increase in its value. On average, after adding the value of the cryptocurrency increases by 25–30%. This is the so-called “stock market effect”, which is achieved via popularization.
At the moment there are only 555 players who own farms and generate honey. But soon about 9 million users from BitMart will learn about the HoneyCoin via Marketing campaigns and promotion and thus will exceed demand many times and, accordingly, increase the value of the HoneyCoin.
By the way, after the listing, the Coins will be frozen for another month, meaning that naturally the price will rise.
The listing for HONEYCoin is only the beginning of a long journey. From this moment on, the cryptocurrency goes into free float and its further value will be determined by supply and demand, and will also reflect all the actions of our development team. Therefore, we carefully observe all our activities stated in the Roadmap, especially regarding Match3 mechanics in PVP, farming, new features and boosters gameplay integration, Marketplace and NFTs.
We plan to be in the Top-10 among crypto games and Top-1 among casual ones, especially because we are the first to bring Match3 to the blockchain, the most popular casual mechanics.
