According to @jessepollak, a centralized exchange is charging projects 9% of their token supply to list, with many others charging multiple percentage points, source: @jessepollak. According to @jessepollak, these listing terms are harmful and cartel-like, and he calls for permissionless onchain listings instead, source: @jessepollak. According to @jessepollak, if exchanges take several percentage points of supply, initial tokenomics and circulating supply at launch are materially impacted, which is critical for trade sizing and slippage control, source: @jessepollak. According to @jessepollak, traders should monitor onchain listing activity and DEX liquidity depth as teams may favor permissionless routes highlighted in his statement, source: @jessepollak. According to @jessepollak, awareness of potential supply allocations tied to listings can inform execution around TGE and early trading windows, source: @jessepollak.