Why are more and more project parties choosing to bypass spot trading?

① Getting onto the spot market requires a lot, unless the project's foundation is very good. However, projects with a strong foundation face infinite sell-offs once they launch, making it awkward for mid-level projects.

② Using Upbit and Coinbase, a strategy of surrounding the enemy to rescue the allies, is cost-effective.

③ With contract trading pairs available, they buy some press releases. They start to target the market directly, making it easier for them to profit.

Essentially, the coins are all theirs; they just manage the contract positions themselves.

In essence, this is a form of malicious manipulation, but everyone enjoys it, and Binance does not intervene.