New EtherDelta Coin Listing rules!
Seems they will be going away from the open decentralized platform and go to a listing style exchange. This could be a bit of a bummer for those that are used to finding early coin trades the traditional ED way. Most people probably dont even realize that you can trade ANY ERC-20 Token If you have the contract address, ID and Decimals. This allows people to find tokens that are still in ICO or directly after before they ever get listed anywhere.
A gem of a way to find little treasures early on, most likely soon to go the wayside. They would have to close that off otherwise there would be nothing to stop trading on "unlisted" coins. So my assumption is that is most likely going to be the structure under the new ownership.
Such rule seems to undermine the primary existential reason of Etherdelta. It’s strength has always been to be the first to offer trading of a new ERC20 token. Without that, it’s just a subpar exchange.
Subpar at best. It needs a total UI rethink. We will see what happens. I am not too optimistic.