The Rise of Permissionless Crypto Listing Sites
Traditionally, people check cryptocurrency prices on sites like CoinMarketCap and CoinGecko. These are permissioned listing sites; new projects must apply to have their tokens listed, and listing is ultimately up to the discretion of humans at these companies.
2021 has seen a surge of new crypto projects. There is a higher demand than ever to track the price of small new tokens before they have been listed by CoinMarketCap.
Permissionless listing sites like Dextools and PooCoin have risen to fill this need. These new sites automatically “list” new tokens by scraping the blockchain. This means they can provide a price chart as soon as a token goes live!
This is an exciting trend. Cryptocurrency is a story about permissionless finance; anyone can spin up a currency or a bank from anywhere in the world. It only makes sense that crypto listing sites become permissionless as well, rather than arbitrarily deciding which projects are shown to the public.
Check the live price of CorgiCoin on PooCoin: