Blockchain
Binance invites small to medium-sized projects for listing opportunities
Binance opens doors to small to medium-sized crypto projects
In a recent announcement on their official website, Binance, one of the world’s leading cryptocurrency exchanges, has invited small and medium-sized projects to apply for various listing programs on their platform. This move is aimed at promoting a diverse and healthy industry by supporting projects with strong fundamentals, sustainable business models and committed teams. The announcement highlights Binance’s commitment to prioritizing user interest and promoting a healthy and sustainable market environment.
Binance addresses market trends and risks
Second the announcement, Binance has observed a trend of token launches at high valuations with low initial circulating inventories. This market structure may be unfavorable for retail investors and loyal community members as it could result in significant dilutions from future unlocks, thus placing selling pressure on the tokens. Binance aims to reshape this trend and promote a diverse market environment that benefits all market participants.
The criteria for the projects
Binance is looking for projects in all sectors, with a small to medium valuation compared to competitors in their respective sectors. They are also interested in projects with a significant token allocation reserved for community users, moderate token fluctuation during token generation events (TGE), smaller allocation to non-community users, good product-market fit ( PMF), a self-sustaining business. model, at least one minimum viable product (MVP), and innovation in technology or design. Projects should have an organic user base and sustainable user growth.
Benefits for the projects listed
Listing on Binance can offer numerous benefits to projects. These include organic and sustainable industry growth based on more reasonable token valuations and allocations, better alignment with retail users and the community through fairer TGE, and increased awareness and attention brought by Binance’s Launchpool and Megadrop programs.
Seeking a sustainable crypto market
By actively supporting small and mid-cap projects, Binance aims to mitigate some of the risks seen in some aspects of the cryptocurrency market. The exchange invites all eligible projects to apply for listing as a collective effort to promote a more balanced and robust market environment. Binance’s commitment to providing value to its users while safeguarding their interests is evident in this move.
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