What number of tokens can I buy at a time? The maximum amount you can purchase at a time is five % of the total amount of the readily available tokens. This means that if you would like to buy 100,000 tokens, you can purchase only 5,000 at a time. When you would like to invest in more tokens you’ll have to hold off until the next round of the sale. Can exchanges charge fees for listing a brand new task? What are they now charging? If an exchange changes their requirements on a listing, simply how much notice will they need to do so?

Some further notes on answering question one: As far as I am able to inform, not any of the ICOs that will actually happen have a publicly verified whitepaper (though so many will have whitepapers, and lots of developers/investors are using KYC in order to get more information their papers vetted). If somebody posts a task on an exchange, it seems less likely that they’d actually be ready to meet the minimum listing requirements: a real living website, full white papers, and an enterprise incorporated to support all three.

For example, I am unaware of any exchanges that list projects that haven’t really registered their domain name. Some likewise inquire the proprietor of the domain to include their project’s Github profile page, or distribute their paper to a third party program for their paper to be checked. Various other providers, such as CoinList, seem to be offering KYC, and whitepapers from “white glove” investors (which can often be being used as bait for scammers). I do not wish to start pointing fingers at any individual or even making any statements about whether I think any of these solutions are really good or not, but I am just throwing it on the market that this’s the community that is emerging, and also it appears as KYC is being employed in a very broad and inconsistent manner.

As much as I am able to inform, many ICO exchanges work with their very own private token sales to raise capital for their businesses, either as a method of raising capital on their own, or supporting them to appeal to projects or developers. Exchanges like CoinList and Bittrex have raised tons of capital via token product sales (Bittrex much more than 20 times as much as Coinbase). It seems unusual to me that an exchange needs to use a secondary sales and profits channel to increase capital, unless that is specifically what the founders or management group are doing and it’s one of the motivations of theirs for launching the exchange.

Will be the exchange’s listing procedure open to the public? Can we do KYC ourselves (via API), and would be the exchanges accomplishing this for us and using our identity in their verification process? How do exchanges analyze if a task does not have any “real use” and should be banned? Is it by looking at whitepapers, or simply just through a simple checkbox on a website in which you’ve to describe your task or even give screenshots?