Binance opens its doors to small and medium-sized cryptocurrency projects
Binance, a leading global cryptocurrency exchange, has invited small and medium-sized projects to apply for various listing programs on its platform, according to a recent announcement on its official website. The move aims to foster a diverse and healthy industry by supporting projects with strong foundations, sustainable business models and committed teams. This announcement highlights Binance’s commitment to prioritizing user interests and creating a healthy and sustainable market environment.
Binance Addresses Market Trends and Risks
According to the announcement, Binance has observed a trend of tokens being launched at high valuations with low initial circulating supply. This market structure could be detrimental to retail investors and loyal community members as it could result in significant dilution in future unlocks, putting pressure on token sales. Binance aims to reshape this trend and promote a diverse market environment that benefits all market participants.
Project basis
Binance is looking for projects in all sectors with small to medium value in value compared to competitors in each sector. They are also interested in projects that have significant token allocations reserved for community users, adequate token flow during token generation events (TGE), low allocations to non-community users, good product-market fit (PMF), and a self-sustaining business. there is. A model, minimum viable product (MVP), innovation in technology or design. The project must have an organic user base and sustainable user growth.
Benefits of Listed Projects
Listing on Binance can provide several benefits to your project. This includes organic and sustainable industry growth based on more rational valuation and token allocation, better engagement with retail users and communities through a fairer TGE, and increased awareness and interest due to Binance’s Launchpool and Megadrop programs. Included.
Pursuing a sustainable cryptocurrency market
Binance aims to mitigate some of the risks observed in certain aspects of the cryptocurrency market by actively supporting small and medium-sized projects. The exchange invites all eligible projects to apply for listing as part of a joint effort to create a more balanced and robust market environment. Binance’s commitment to providing value to users while protecting their interests is evident in these moves.
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