Why was IOST not known before it was listed on Binance?

3 answers

• Dec 16, 2021 · 3 years ago
  Before being listed on Binance, IOST faced several challenges that limited its visibility in the cryptocurrency market. Firstly, IOST was a relatively new project compared to other well-established cryptocurrencies, which made it less known among investors and traders. Additionally, IOST had a limited marketing budget, which affected its ability to promote itself effectively. Moreover, the lack of partnerships with major exchanges and platforms also contributed to the low awareness of IOST. However, after getting listed on Binance, IOST gained significant exposure and recognition, leading to increased awareness and adoption.
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• Dec 16, 2021 · 3 years ago
  Well, IOST was not widely known before its listing on Binance due to several reasons. Firstly, the project was still in its early stages of development, and its team was focused on building the technology rather than marketing it aggressively. Secondly, IOST had not yet established strong partnerships or collaborations with other prominent players in the cryptocurrency industry, which limited its reach and exposure. However, the listing on Binance provided a major boost to IOST's visibility and credibility, attracting more attention from investors and traders.
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• Dec 16, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that the lack of awareness about IOST before its listing on Binance was mainly due to the project's limited marketing efforts and resources. While IOST had a strong technological foundation and a dedicated team, it struggled to gain recognition in a crowded cryptocurrency market. However, the listing on Binance acted as a catalyst for IOST's growth, as it provided a platform for wider exposure and access to a larger user base. Since then, IOST has been able to leverage its listing on Binance to build partnerships and expand its presence in the industry.
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