The world's largest cryptocurrency exchange Binance announced on December 17 its listing process and the different pathways for listing various product lines, while also warning the community to remain vigilant against third-party scams impersonating Binance employees or listing agents. Binance emphasized that the platform does not charge any project listing fees and has not authorized any intermediary agencies to handle listing matters. At the end of the document, there is also an official Binance blacklist.

Binance: Currently, there are only three major listing channels: Alpha, Contracts, and Spot.

Binance states that it currently primarily offers three major token listing channels: Binance Alpha, Binance Contracts, and Binance Spot, to meet the project needs at different development stages and token statuses.

Among them, Binance Alpha is positioned as a token screening platform before spot listings, focusing on promising early-stage Web3 projects, providing diverse token distribution and community participation mechanisms such as Pre-TGE, Prime Sale Pre-TGE, TGE, Alpha airdrops, and Boosters, to help accumulate market momentum before official listings.

Binance Contracts is the largest crypto derivatives platform in the world by trading volume, allowing users to establish long and short positions through perpetual contracts, trading and hedging risks without directly holding tokens. Projects with outstanding fundamentals and market performance may have the opportunity to be listed on contracts as early as the Alpha stage.

As for Binance Spot, it provides users with a channel to buy, sell, and hold crypto assets directly, along with mechanisms like Launchpool, Megadrop, HODLer airdrops, bringing greater exposure and user participation to projects. Binance points out that very few projects meeting high standards may also enter the spot market directly without going through preliminary stages.

Binance's public blacklist includes Web3 Port partners.

Binance explains that its token listing process adopts a phased upgrade mechanism, assessing token performance and potential comprehensively at each stage, from Alpha, contracts to spot trading. The evaluation covers product quality, actual use cases, token utility, user and growth indicators, token economics, team background, technical and compliance risks, as well as user protection measures. For projects with tokens already in circulation, Binance will further examine trading volume, liquidity, valuation, and token distribution, and conduct necessary reviews in accordance with its regulatory obligations.

In the announcement, Binance specifically pointed out that there has been a surge of scams impersonating Binance employees, business development personnel, or official token listing agents recently. These individuals usually charge fees under the pretense of guaranteeing token listings. Binance emphasizes that all such claims are fraudulent, and the platform will not charge any fees for token listing applications or evaluations, nor recognize any third-party intermediaries.

Binance reiterates that token listing applications are only accepted directly from project founders or core members and must provide KYC information. If a project is found to be applying through a third-party agent, the application will be immediately disqualified and may be blacklisted, affecting future listing opportunities. Projects that actively report intermediaries and provide valid leads will receive priority review.

At the same time, Binance also published a list of individuals and entities that have been blacklisted by internal audits:

  • BitABC

  • Central Research

  • May (Web3 Port partner)

  • Dannie

  • Andrew Lee

  • Suki Yang

  • Fiona Lee

  • Kenny Z

Regarding fraudulent activities, Binance stated that it will take strong measures, including legal action, and has set up a dedicated reporting inbox: [email protected]. Those who provide specific evidence that is verified as true may receive a reward of up to 5 million USD. Binance finally reminds that any request for payment for token listing fees or transaction support fees is fraudulent, and users and project parties must verify information through official channels to protect their own and community safety.

  • This article is republished with permission from: (Chain News)

  • Original title: (Binance exposes industry blacklist, Web3 Port partners included! Reiterates: All token listing agents are scams)

  • Original author: Neo

"Binance publicly exposes an industry blacklist! Claims that token listing agents are all scams, beware of these 8 individuals and entities" This article was first published on "Crypto City".