A cryptocurrency exchange is a platform where a user can come and buy or exchange any cryptocurrency traded on that exchange.
And now let's figure it out correctly why the coin is still not on the well-known exchange and why it shouldn't be there.
Many who follow the news of the crypto world have probably heard about the collapse of the second most popular exchange in the world, FTX. This suggests that the status of the exchange, no matter how high it may be, does not protect its users from losing funds and does not guarantee security. Imagine that you have created a cryptocurrency, placed it on the exchange and paid $1🍋. And tomorrow the exchange closed and you lost that money.
But let's look at another option. Listing on a major exchange requires either a large amount of money or a 50% supply of coins. Let's answer the question together: who owns 50% of the PRIZM issue? At the moment there is no such person.
PRIZM is a decentralized cryptocurrency, and the emission is scattered among hundreds and even thousands of participants. Yes, someone has 100 coins, and someone has 1,000,000. But the result is the same: if you want to see a coin on one of the exchanges, become a sponsor.
*The conditions are real, not fictitious, taken from dialogues with various TOP exchanges.
In conclusion, let's summarize. It is not profitable for anyone to store PRIZM on the exchange, no matter how famous it may be, as there is a safe cold wallet with mining without trust management.