少祖A
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Binance boss CZ speaks out, pointing directly to the chaos of token listing
Recently, Binance helmsman CZ spoke sharply and publicly blasted the current chaotic situation of token listing, which triggered heated discussions in the currency circle.
CZ revealed that Binance only releases news four hours in advance before each new token is listed. These four short hours have become the "golden time" for some people to manipulate the market. As soon as the news came out, the prices of related tokens on decentralized exchanges soared. Those speculators with quick reactions and strong funds quickly bought at low prices on decentralized exchanges, and then sold them at high prices on centralized exchanges without stopping, making a lot of money easily. Poor retail investors, facing rapidly fluctuating prices, before they had time to react, the opportunity was gone in a flash.
CZ could not hide his anger, saying bluntly that this listing method is equivalent to opening the door for speculators, but putting the majority of retail investors in danger. He solemnly reminded investors that when facing such high-risk listing projects, they must stay sober and not blindly follow the trend.
Not only that, CZ also pointed the finger at Binance's own mechanism for selecting tokens. He pointed out that in order to create market heat, Binance often promotes projects that have no real value, especially meme coins. Although such projects can attract a lot of attention and trigger a hype in the short term, from a long-term perspective, they undoubtedly bury huge risks for retail investors.
These remarks can't help but make us think deeply about whether Binance's existing listing process is reasonable and whether it can support its continued stable development? In the ever-changing market of cryptocurrency, every move of the rule makers is related to the interests of countless investors. As retail investors, we should always remain rational and cautious, distinguish right from wrong in a complex market environment, avoid becoming the target of harvesting, and effectively protect our assets. #加密货币
Recently, Binance helmsman CZ spoke sharply and publicly blasted the current chaotic situation of token listing, which triggered heated discussions in the currency circle.
CZ revealed that Binance only releases news four hours in advance before each new token is listed. These four short hours have become the "golden time" for some people to manipulate the market. As soon as the news came out, the prices of related tokens on decentralized exchanges soared. Those speculators with quick reactions and strong funds quickly bought at low prices on decentralized exchanges, and then sold them at high prices on centralized exchanges without stopping, making a lot of money easily. Poor retail investors, facing rapidly fluctuating prices, before they had time to react, the opportunity was gone in a flash.
CZ could not hide his anger, saying bluntly that this listing method is equivalent to opening the door for speculators, but putting the majority of retail investors in danger. He solemnly reminded investors that when facing such high-risk listing projects, they must stay sober and not blindly follow the trend.
Not only that, CZ also pointed the finger at Binance's own mechanism for selecting tokens. He pointed out that in order to create market heat, Binance often promotes projects that have no real value, especially meme coins. Although such projects can attract a lot of attention and trigger a hype in the short term, from a long-term perspective, they undoubtedly bury huge risks for retail investors.
These remarks can't help but make us think deeply about whether Binance's existing listing process is reasonable and whether it can support its continued stable development? In the ever-changing market of cryptocurrency, every move of the rule makers is related to the interests of countless investors. As retail investors, we should always remain rational and cautious, distinguish right from wrong in a complex market environment, avoid becoming the target of harvesting, and effectively protect our assets. #加密货币
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