Nick, a crypto enthusiast, raises a question about the delay in listing the Kaspa (KAS) token on tier-1 exchanges. Kaspa has grown a strong technology and community and one could argue it has what it takes to get listed on a tier-1 exchange like Binance and Coinbase.
The crypto commentator points out that these exchanges are well aware of the financial dynamics at play. For instance, accumulating 100 million KAS tokens at a price of $0.10 requires an investment of $10 million. If the price were to rise to $1, the profit would soar to $90 million.
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Should the price escalate to $5, the profit increases to $490 million, and at $10, it approaches nearly $1 billion.
According to Nick, this delay is not a matter of incompetence but rather a calculated strategy. The exchanges are likely accumulating KAS tokens before the market experiences a significant price increase, positioning themselves for substantial gains once the token is listed.
This perspective suggests that the exchanges are playing a long game, waiting for the right moment to capitalize on their investments in KAS.
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