The Co-founder of Binance He Yi, in recent times took to Twitter, to the explain the metrics for Token listing on the platform, emphasizing that binance endeavour to put to consideration various demands of the users when listing coins. He noted that listing decisions is a majorly a collaborative perspective which doesn’t exclude the CEO changpeng Zhao
He yi also mentioned the issues pertaining to coin performance and market volatility in his large number of projects come from the previous bull market, and are generally over-pursued by capital. tweets. He opined that newly acquired Tokens has not been efficient, while lesser known tokens had come across price fluctuation. However, binance watches the wallets of project owners and market determiners associated with launch pad platform. Adding to that, it requires a multiple custody of tokens issued by project owners as regards to consensual oversight
Talking to recent initial exchange offerings ( IEO) that swiftly succeeded in a multi-billon dollar market capitalization. He yi mentioned tha “a large number of projects come from the previous bull market, and are generally over-pursued by capital”. The cost of IEO project s on binance is lesser than the cost of the previous round of investor investments
He Yi also blamed the practice of directly listing projects based on market pricing given by users. He found this approach to valuing market capitalization unreasonable. “Projects are often priced based on what users are willing to pay in the market, a point we find very unreasonable when it comes to market capitalization,” he reiterated.
These statements and actions berates Binance’s commitment to maintain fairness and transparency in their token listing process and to mitigate the risks associated with cryptocurrency trading.