Summary:
Data: The trading volume on the CEX spot market in February decreased by 23.7% month-on-month, setting a new low for this year.#Binance
The above statement represents both a crisis and an opportunity; it all depends on which exchange can seize the chance first. Obviously, Binance has already begun to proactively step out of its comfort zone!
#eth #GPS #shellprice
Binance has truly shocked the crypto community this time! They have directly handed over the power of listing coins into the hands of retail investors; I would call this an exchange revolution. Look at how the bear market has cooled down to the point where CEX spot transaction volumes have shrunk by over 20%. They have managed to create a new model of community co-governance—if project teams dare to slack off, users can vote to delist! This is far more stimulating than on-chain governance.
Just a few days ago, there was still a briefing session, and yesterday they officially released the new policy. This actually shows that Binance has long realized the problems existing in its exchange; it was just that during the bull market, they were pushed forward. Now that the market is quieter, all the issues have been exposed. Only through self-revolution can they achieve rebirth. GPS and Shell are examples of past mistakes; there will surely be another one next. These two are not the last ones, but who will be next? Let’s wait and see!
Here comes the most outrageous operation of this policy! Previously, listing fees were something exchanges earned while lying back, but later Binance introduced 0 listing fees. We’re not sure how that started, but now Binance is even subsidizing users for free airdrops. Holding over 0.01 BNB allows you to vote; small investors can also become the main party. Project teams wanting to list coins must prepare airdrops for the community first. This wave of value return truly embodies the spirit of Web3, and those second-tier exchanges still charging exorbitant listing fees must be turning green with envy.
If you ask me, the most ruthless aspect of this mechanism is that it forces project teams to deliver results. Development progress stalling? Team going dark? Token distribution chaos? You'll be monitored and displayed in the surveillance area in no time. Just yesterday, I saw a certain DeFi project thrown onto the watchlist just because it hadn't updated its code in three months. This dynamic elimination is far more substantial than any AMA grandstanding; retail investors no longer have to cry out for their rights.
Binance is blowing up this wave! While other exchanges are still playing with centralized black boxes, they have directly laid out the rules: the listing budget is fully transparent, the voting process is traceable, and even CZ has come out to say, "programmatic justice is above all!" This is true transparency. Those projects engaging in dark box operations must be panicking and rewriting their white papers overnight, right?
If you ask me, this is the way to break through the bear market—turning users from traffic into shareholders, transforming exchanges from casinos into DAOs. While others are still battling over transaction fees, Binance is already standing at the door of the next cycle. Friends, hurry up and lock up your BNB; the future is only going to take off!!
In a situation where all malicious project parties, market makers, etc., will not be spared, it’s just a matter of time. At the same time, I hope Binance continues to improve! Otherwise, what will happen to all those BNB they hold? Hahaha!
