After creating an EOS token, it is important for people to be able to use, trade and sell it, which means that the next step is listing, i.e. make one or more exchanges support it.
But how to achieve a listing?
Traditionally people rely on centralized platforms, however, for the assets of some blockchains like EOS it is possible to take advantage of various decentralized exchanges (DEXs), on which it is enough to connect a wallet to start trading.
For instance, thanks to alcor.exchange, it is possible to make the listing of a token in a completely decentralized way and directly onchain on the EOS blockchain or a sister chain such as COFFEE, Telos or WAX.
A few things will be needed before proceeding:
- The Scatter wallet;
- The token and the creation contract itself either on EOS or on COFFEE, Telos or WAX, but it is also possible to use the local network and the Jungle testnet;
- About 300 bytes of free RAM on the account;
- An amount of native tokens from the blockchain to pay the listing fee.
The interface is quite simple. First, choose the type of blockchain to be used (from the top menu) and then click on “Market” to check whether a token already exists or not; then click on “Open new market”.
The next screen will allow to choose an already existing token or enter it manually by entering the account on which the token was created, the contract and the token ticker.
At that point, the fee to be paid will be displayed. It is different for each blockchain (in this case 3 EOS); after paying it, click on “Create market” and authorize the transaction on the wallet, after which the token will be listed with the other tokens and all the trading statistics will be displayed.
It is interesting to note that this platform also allows creating OTC (Over The Counter) orders and choosing which tokens to sell and which ones to buy, all automatically and with only 0.25% commission.