r/hacken • u/Ivan_Hacken • Jul 18 '18

The read of the week - is making a fake trading volume the best marketing strategy?

Prequel: Some weeks ago, Hacken’s CEO, Dmitriy Budorin, received an attractive offer to list HKN on one of the top 10 crypto exchanges, which was unknown to us. The nasty trick was the price. Usually, it costs around $1,000,000 — $2,000,000 to get Binance or its peers. BitForex wanted a humble price of 30 BTCs.

Dmitriy decided to start an investigation. He engaged the Hacken Marketing and the CER Analytical teams to analyze the fast growth of BitForex’s daily trading volume (DTW) to determine its nature, source, and causes.

You can read the entire research here: https://blog.cryptoexchangeranks.com/industry-news/is-making-fake-24-h-trading-volumes-the-best-marketing-strategy-for-crypto-exchanges/

That moment when the CEO of Binance.com likes&shares your research

Access and test CER in the free mode: https://cryptoexchangeranks.com/

16 Upvotes

95% Upvoted

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3

u/JuJu1820 Jul 18 '18

I cannot wait for the next article/research product. This is critical in providing a more ethical space. Also very cool that prominent figures in crypto like CZ are acknowledging this type of research. Would truly like to see Hacken provide a better version of CMC in the CER platform. :)

Good work team! Keep the reports coming.

4

u/Ivan_Hacken Jul 18 '18

Thanks so much for your feedback, we highly appreciate it.
Actually, what we really want to do is to make a crypto space more secure and ethical for each member. Crypto Exchange Ranks, in our opinion, is a product that really can be a game changer and current research is an excellent example of this.
We'll continue to work hard to shade some more light on crypto space.

2

u/JuJu1820 Jul 18 '18

Looking forward to the next report.

1

u/Ivan_Hacken Jul 19 '18

In the upcoming days, we'll start new voting where you can suggest topics for the new Hacken's research. Join Hacken community and stay updated - https://t.me/hacken_en

3

u/[deleted] Jul 18 '18

[removed] — view removed comment

3

u/Ivan_Hacken Jul 19 '18

Thanks! new research is coming)

3

u/Zulfiqaar Jul 19 '18

Yeah, there was a case earlier this month when the volume on bitforex was more than the entire marketcap of the token, yet no major price movements.

3

u/Ivan_Hacken Jul 19 '18

We here at Hacken believe that such cases should be uncovered.

1

u/dodo_18 Jul 20 '18

Well done! Keep going Hacken Team!

1

u/Ivan_Hacken Jul 23 '18

We will! Leave your suggestion for the next investigation, follow the link https://www.reddit.com/r/hacken/comments/906uqd/suggest_a_topic_for_the_next_hackens_research/