逍遥XTony
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Last year, and this year, new coins on Binance have fallen, and many people have blamed Binance for it.
Everyone keeps saying Binance is cutting leeks,
But anyone with a bit of common sense knows that Binance is an exchange, and exchanges make money from transaction fees. They obviously hope for a good market; the hotter the market, the more fees they make. How could they possibly manipulate the chips to cut leeks?
Now, it’s not just new coins that have plummeted, the entire market is down, and Bitcoin has also dropped. Who should we blame now? Blame Satoshi Nakamoto?
From my observations, Binance has probably been scared of the criticism over the past six months, and their work intensity has exceeded the past, with their top executive always on the front line.
During the last X space event, a somewhat foolish user suggested that Binance should introduce the A-share limit-up system for new coins. When I heard this, I was speechless. If you love limit-up so much, why not just play with A-shares?
This ridiculous suggestion was even adopted by Binance for a trial operation, which shows how much Binance listens to user feedback.
Recently, Binance has been doing several things that are all based on the market and user feedback, making reforms, patching things up in this shaky market.
1. The listing of new coins has started to involve community governance, allowing users who hold BNB to vote on new coin listings and delistings, giving users a say.
2. The listing budget is being made transparent, with more rewards returned to the community and users; when project parties provide listing budgets, they will be fully disclosed in the listing announcement, and the tokens in the budget will be distributed to users through airdrops.
3. A strict crackdown on violations by project teams and market makers; for example, the RED project party temporarily changed the airdrop rules, delaying the RED listing and requiring the project party to update its community airdrop distribution plan; there was a market maker who was found to be manipulating the market in GPS and SHELL trades. Binance terminated their cooperation with this market maker and banned them from any market-making activities on the platform.
Don't even compare it to traditional financial markets; can you find an exchange that does it better than Binance? Which exchange can have all staff, from top executives to subordinates, as customer service, ready to respond 24 hours a day, 16 hours a day?
In this cryptocurrency space, everyone wants to make a quick buck and treat us like fools. Binance hasn’t followed the trend but has been continuously patching things up.
When losing money, instead of looking for problems within themselves, they blame the heavens, the earth, and the exchange. Without self-reflection, they cannot grow; without growth, how can they make money to buy ultra?
Everyone keeps saying Binance is cutting leeks,
But anyone with a bit of common sense knows that Binance is an exchange, and exchanges make money from transaction fees. They obviously hope for a good market; the hotter the market, the more fees they make. How could they possibly manipulate the chips to cut leeks?
Now, it’s not just new coins that have plummeted, the entire market is down, and Bitcoin has also dropped. Who should we blame now? Blame Satoshi Nakamoto?
From my observations, Binance has probably been scared of the criticism over the past six months, and their work intensity has exceeded the past, with their top executive always on the front line.
During the last X space event, a somewhat foolish user suggested that Binance should introduce the A-share limit-up system for new coins. When I heard this, I was speechless. If you love limit-up so much, why not just play with A-shares?
This ridiculous suggestion was even adopted by Binance for a trial operation, which shows how much Binance listens to user feedback.
Recently, Binance has been doing several things that are all based on the market and user feedback, making reforms, patching things up in this shaky market.
1. The listing of new coins has started to involve community governance, allowing users who hold BNB to vote on new coin listings and delistings, giving users a say.
2. The listing budget is being made transparent, with more rewards returned to the community and users; when project parties provide listing budgets, they will be fully disclosed in the listing announcement, and the tokens in the budget will be distributed to users through airdrops.
3. A strict crackdown on violations by project teams and market makers; for example, the RED project party temporarily changed the airdrop rules, delaying the RED listing and requiring the project party to update its community airdrop distribution plan; there was a market maker who was found to be manipulating the market in GPS and SHELL trades. Binance terminated their cooperation with this market maker and banned them from any market-making activities on the platform.
Don't even compare it to traditional financial markets; can you find an exchange that does it better than Binance? Which exchange can have all staff, from top executives to subordinates, as customer service, ready to respond 24 hours a day, 16 hours a day?
In this cryptocurrency space, everyone wants to make a quick buck and treat us like fools. Binance hasn’t followed the trend but has been continuously patching things up.
When losing money, instead of looking for problems within themselves, they blame the heavens, the earth, and the exchange. Without self-reflection, they cannot grow; without growth, how can they make money to buy ultra?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
