CZ @cz_binance talked about $TST listing on#Binanceand his views on meme coins in a tweet. To sum up, CZ said TST was a test coin, which later became a meme coin, but it was not supported by him or his company. He still values ​​the fundamentals of the project because he is a builder.

CZ is open to memes. He said he has never bought meme coins, so it cannot be said that he "likes" meme coins. Not "liking" meme coins does not mean opposition.

Why was $TST listed on Binance? CZ said he was not involved in the listing process. Why do people buy meme coins instead of utility tokens? CZ said he speculated that it might be due to regulatory pressure, speculation and the influence of meme culture.

CZ mentioned at the end that he felt that Binance's listing process had some problems. They announced the launch and then officially launched it 4 hours later. Although the notice period is necessary, the price of the token on DEX will soar during these 4 hours, and then everyone will sell it on CEX for arbitrage.

Indeed, such a listing process may bring some problems. Using the time window to push up prices for arbitrage may cause certain fluctuations in the market and is not conducive to ordinary investors who do not get information in time or cannot act quickly.

The solution to this problem is estimated to be difficult. On the one hand, the exchange needs enough time to notify users to ensure the stability of the system; on the other hand, too long a notification period may also lead to information leakage, thus triggering early trading.

Perhaps the exchange can consider the following directions:

Increase the randomness of the notification period to make it difficult for the market to predict the launch time. Conduct more stringent audits before the launch to ensure that the project party and the exchange have not leaked information in advance. Monitor accounts with abnormal fluctuations on DEX and take measures when necessary. I hope that the exchange can continuously improve the launch process and protect the interests of investors.

In the currency circle, some people pursue value investment, while others like to take shortcuts. This is normal. The key is to have your own judgment and manage risks reasonably. $TST's listing on Binance is also the result of market demand and exchange competition. As investors, we still have to pay attention to the project itself. After all, investing is not just about making money, but also about learning to enjoy the fun brought by meme.