The number one lady of Binance said that even if BN does not list coins, other cex will list coins on a large scale.

Indeed, in the bull market, many projects have the demand for VC asset delivery and issuance, but can the current liquidity really support BN to list a coin almost every week or two for many months? Let's take a look at the historical data.

*All the following data comes from public channels, including BN official website, project token economics/white paper and coincoinmarketcap. It is not targeted at any third party and is only a list of data.

First, let's select a data slice. I chose a seven-month time span from September 20, 2023 to April 19, 2024. In these seven months, BTC rose from 27218 to 63466, an increase of 133.79%. A net increase of 36248. For comparison, let's pick a similar increase range from 2020 to 2021. I chose January 1, 2021 to November 8, 2021. In this period, BTC rose from 28976 to 67556, an increase of 133.76%, a net increase of 38580. It took nearly 11 months.

So, in a similar range of growth, what is the new data on BN? As can be seen in the chart, the MC of new tokens on BN in the two time periods is roughly the same (about 5 billion+), but the FDV of tokens in the 23-24 year slice time is almost 1.5 times that of 21 years, and this was completed within 7 months.

Some people may argue that for new coins, you only need to look at MC. What’s the point of speculating on coins if you look at FDV?

That’s true, but, Gul’dan, at what cost? The cost is that the average price of the tokens launched on BN in the 21-year slice period has fallen by more than 80% to date, and the FDV has shrunk by more than 85%.

This is a devastating blow to any investor who is new to the cryptocurrency market and believes in the logic of value investing (you can also say leeks), and it is tantamount to pulling out leeks by the roots.

Some tokens (I’m talking about you, NFP and ACE) have even gone through a bull-bear cycle of many tokens in just a few months (I want to give retail investors a complete life.jpg)

Under the premise that there is no significant increase in on-site funds (non-BTC), the final outcome of tokens with high FDV and low market value will inevitably be that their value will be reduced to zero.

If we are to stick to the old ways, referring to the trend of new tokens launched by BN during the slice period in the last bull market, shorting any new token launched by BN within a week of opening will yield a return of more than 80% in two years. (This is investment advice, please share your profits with me if you make money, thank you).

And this only captures the new tokens on the launchpool, and does not include the new tokens launched by BN that have been listed on other exchanges (such as wif, metis) and the tokens that are directly launched (such as TNSR, W, etc.).

In conclusion:

For a web3 universe exchange like BN, the process of listing coins must be a core secret, and outsiders, especially retail investors, have almost no way of knowing the details; for exchanges, listing fees and transaction fees for newly added tokens constitute the vast majority of their revenue.

But Binance is not just a leading exchange, it is a frontline fighter in the competition between web3 and web2. Traditional web2 companies will invest a lot of effort in CSR (Corporate Social Responsibility), and at this moment, BN is also in urgent need of introducing a CSR system.

For a leading exchange and a leader in the collision between crypto and traditional finance, simply “doing no evil” is far from enough. Having a detailed and thorough set of listing standards but no subsequent supervision and review will do more harm than good to users, the industry, and even the competition with web2.

It is not a qualified logic to only raise problems without proposing solutions. The bull market in 2024 is destined to be different from the previous bull markets. In the last bull market of the wild growth of cryptocurrencies, BN was still in its infancy. The engine of the last bull market was mainly due to the macro-level water release and the astronomical amount of new funds entering the market, which created round after round of myths.

Today, with the tightening of macroeconomic monetary policy and the constant risk of fundamental war, the funds flowing in after the ETF is approved are not allocated to other ALTCOINs. At this moment, BN's leading role becomes more prominent.

If at this time, BN can build a systematic internal control and risk control plan with multiple exchanges and establish a cross-exchange pan-industry user rights protection fund, using the commission income and project party's income to cover the bottom line for retail investors' funds, and evolve BN from a simple exchange to a role similar to the Securities Regulatory Commission in the currency circle, so as to protect the interests of the vast majority of retail investors (for example, project parties and VCs do have the need to make money, but they can't be too ugly, and the opening price can only drop by 50%, so as not to pull out the roots of retail investors), then BN will play a leading role in the CSR field and allow more off-site funds and users to enter the web3 and inclusive finance market without worries. This is a win-win situation for the market, retail investors, project parties, and VCs.