Announcement on Binance's New Community Co-Governance Mechanism for Listing
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Since Binance was founded in 2017, we have always put users first. Binance’s growth and success are inseparable from the community, and your feedback continues to help us grow. The community has recently provided us with many valuable suggestions. After trialing and evaluating, we are enhancing Binance’s listing mechanism as follows: When a project has a dedicated listing budget, we will disclose it in their listing announcements and will continue to distribute the budgeted tokens to Binance users through various forms of airdrops. Binance does not take listing fees.Introducing “Vote to List” and “Vote to Delist” mechanisms to enable greater community participation and give users a stronger voice in the listing process.Giving Binance Wallet-exclusive TGE (Token Generation Event) projects direct access to Binance Alpha Observation Zone. The purpose of enhancing Binance's listing mechanism is to provide users with more opportunities to better discover projects with potential while ensuring the projects meet quality, innovation, and regulatory compliance standards. Details are as follows: I. Community Co-Governance Mechanism Binance values community input and recognizes they are a key driving force in the course of our development. As part of our efforts to enhance our listing governance, we are introducing two community co-governance listing mechanisms: 1. Vote to List Users can vote for their favorite projects that they wish to be listed, and the ones receiving the highest votes and that pass due diligence will be listed on Binance. Binance will select projects from the market and the Alpha Observation Zone to enter into the voting pool. More details will be announced when the mechanism goes live. Voting Eligibility: Users must hold at least 0.01 BNB in their master accounts.For projects that have completed their TGE (Token Generation Event) for some time but are not yet in the Alpha Observation Zone, we will be introducing a self-nomination application method, with details to be announced at a later stage. 2. Vote to Delist Users can vote to delist projects in the Monitoring Zone. Projects that lack product development updates, have inactive communities and teams, fail to regularly update their progress, inflate the token supply without due process, or pose significant risks to users, will be placed in the Monitoring Zone. In the future, Binance will also move projects that fail to disclose relevant token information into the Monitoring Zone.Voting Eligibility: Users must hold at least 0.01 BNB in their master accounts.Details for how users can vote to delist projects in the Monitoring Zone will be announced when the mechanism goes live. II. Binance Listings 1. Launchpool Binance Launchpool allows users to earn new project tokens for free by locking BNB (including decentralized BNB assets stored in Binance Wallet) and other supported tokens. 2. Megadrop Binance Megadrop integrates Binance Simple Earn with Binance Wallet, allowing users to gain early access to carefully selected Web3 projects before they are officially listed on Binance. Users can lock BNB or complete Web3 tasks (such as interactions or transactions) to earn points, which determine their proportional token rewards. 3. HODLer Airdrops The Binance HODLer Airdrops distributes token rewards based on historical snapshots of users’ BNB holdings in Binance Earn and On-Chain Yields products, taken at random periods. By subscribing BNB to Fixed and/or Flexible Earn, and/or On-Chain Yields products, users automatically qualify for HODLer Airdrops rewards. 4. Direct Spot Listing Binance supports direct spot market listings for established or high-potential projects, offering them direct access and exposure to Binance’s vast user base. 5. Pre-Market Trading Binance Pre-Market trading provides early access to selected Launchpool tokens, allowing users to trade them before the official listing on Binance Spot. This lets users take an early position before a token’s spot market listing. While it offers strategic positioning and early profit opportunities, users should understand the eligibility requirements and potential risks. Additionally, Binance will remove the price limit restrictions (Price Cap Mechanism) previously designed for Pre-Market trading. By offering multiple listing options, Binance aims to help maximize opportunities for both users and project teams. We encourage projects that meet the following criteria: Undervalued market capitalization with growth potentialStrong product foundation with innovative technologySustainable business model with solid fundamentalsA robust and engaged communityLong-term vision with a strong sense of industry responsibility Interested projects can submit a Binance Listing Application Form online at any time. The Binance listing team will evaluate projects based on factors such as technological innovation, team background, market demand, compliance, and recommend the most suitable listing method. III. Binance Wallet Alpha Observation Zone The Alpha Zone consists of emerging and trending tokens in the market. Some tokens in this category may experience significant price fluctuations on-chain. Additionally, projects that conduct exclusive TGEs on Binance Wallet will gain direct access to the Alpha Observation Zone. The Binance listing team will continuously monitor the performance of Alpha Zone projects to assess their listing potential. Please note that Binance does not only assess projects in the Alpha Zone for listing consideration and will also evaluate projects from other sources, such as through Vote to List or Direct Spot Listing.Binance may remove multiple Alpha Zone tokens concurrently when their performance and demand decline, therefore users should be aware of the potential risks and engage with caution. Conclusion Binance's listing framework offers multiple participation opportunities through mechanisms such as Launchpool, Megadrop, HODLer Airdrops, Direct Spot Listings, Pre-Market Trading, and Community Voting. We aim to promote a sustainable industry by improving valuation models and token distribution, better aligning the interests of the community, retail investors, and projects. By supporting early-stage and mid-sized projects, we help them gain market exposure and visibility. We firmly believe that close collaboration with the community creates greater value for users and project teams. Vote to List and Vote to Delist returns power to the community.Emerging on-chain projects can gain traction at low costs, benefiting Binance’s on-chain ecosystem. We sincerely appreciate the community’s continued support and trust. Binance remains committed to providing high-quality services and is always expanding investment opportunities for global users. Together, let’s drive the future of the blockchain industry forward! Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2025-03-07
TapSwap, a Telegram-based "tap-to-earn" cryptocurrency project, has captured the attention of millions with its engaging gameplay and promise of token rewards. With over 67 million users and 18 million daily active participants, TapSwap has built a massive community eagerly awaiting the listing of its native token, $TAPS. Scheduled for a Token Generation Event (TGE) and listing on February 17, 2025, on exchanges like Bitget, TapSwap is poised to make a significant impact in the crypto gaming and decentralized finance (DeFi) space. This article analyzes the potential listing price range for $TAPS, drawing on market data, comparable projects, tokenomics, and community dynamics to provide an informed prediction. Background on TapSwap TapSwap operates on The Open Network (TON) blockchain, leveraging Telegram’s vast user base to offer a play-to-earn model where users earn tokens by completing simple tasks, such as tapping the screen or participating in community activities. Initially launched on Solana, TapSwap transitioned to TON for improved scalability and lower transaction costs, aligning with other successful Telegram-based projects like Notcoin and Hamster Kombat. The project’s total token supply is set at 18 billion $TAPS, with an estimated initial market capitalization projected between $700 million and $800 million, according to various analyses. The listing of $TAPS on major exchanges, starting with Bitget on February 17, 2025, marks a pivotal moment for the project. Community anticipation is high, but so is skepticism, given the mixed performance of similar tap-to-earn tokens post-listing. This article aims to cut through the noise and provide a data-driven estimate of the $TAPS listing price range. Methodology To predict the listing price of $TAPS, we consider the following factors: Tokenomics and Market Capitalization: Analyzing the total supply, circulating supply, and projected market cap.Comparable Projects: Examining the listing performance of similar Telegram-based tokens like Notcoin ($NOT) and Hamster Kombat ($HMSTR).Market Conditions: Assessing the broader cryptocurrency market sentiment in Q1 2025.Community Engagement: Evaluating the strength and activity of TapSwap’s user base.Exchange Listings: Considering the impact of listing on Bitget and potential additional top-tier exchanges. Analysis 1. Tokenomics and Market Capitalization TapSwap’s total supply is 18 billion $TAPS, a figure confirmed by the bitru and coingabber. Industry estimates suggest an initial market capitalization of $700 million to $800 million upon listing. To calculate the potential listing price, we use the formula: Price per Token=Market Capitalization/Circulating Supply However, the circulating supply at launch is not explicitly defined. If we assume that 20-30% of the total supply (3.6 billion to 5.4 billion $TAPS) is initially circulating common for new token listings the price range can be estimated as follows: Low-End Estimate: $700 million ÷ 5.4 billion $TAPS = ~$0.13 per tokenHigh-End Estimate: $800 million ÷ 3.6 billion $TAPS = ~$0.22 per token This initial range ($0.13 to $0.22) assumes a significant portion of tokens are unlocked at launch. However, tap-to-earn projects often lock a substantial amount of tokens to prevent dumping, which could reduce the circulating supply to as low as 1 billion $TAPS (5-10% of total supply), pushing the price higher: Adjusted High-End: $800 million ÷ 1 billion $TAPS = $0.80 per token 2. Comparable Projects To refine our prediction, we examine the listing performance of similar Telegram-based tap-to-earn tokens: Notcoin ($NOT): Launched in May 2024 with a total supply of 102.7 billion tokens, $NOT debuted at approximately $0.01 per token, achieving an initial market cap of around $1 billion. Which declines over time due to profit taking.Hamster Kombat ($HMSTR): Launched in September 2024 with a total supply of 100 billion tokens, $HMSTR listed at around $0.007, with an initial market cap of $700 million. It also saw a significant post-launch decline also.Catizen ($CATI): Launched in 2024 with a total supply of 1 billion tokens, $CATI opened at $0.30 to $0.40, achieving a higher initial price due to a smaller supply and strong community hype. TapSwap’s 18 billion total supply falls between Notcoin/Hamster Kombat and Catizen, suggesting a price range influenced by both high-supply and low-supply models. Given TapSwap’s larger community (67 million users vs. Notcoin’s 35 million peak) and strategic partnerships (e.g., Solus Agency, WUFFI), it may command a premium over Notcoin and Hamster Kombat but is unlikely to reach Catizen’s levels due to its higher supply. 3. Market Conditions The cryptocurrency market in Q1 2025 will play a critical role in $TAPS’ listing price. Historical trends suggest that Q1 can be bullish, driven by post-holiday optimism and institutional investment. If Bitcoin and major altcoins are in an uptrend, $TAPS could benefit from increased market liquidity and investor confidence, supporting a higher listing price (e.g., $0.10 to $0.20). Conversely, a bearish or volatile market could suppress the price, aligning it closer to $0.03 to $0.06, as predicted by some analysts. 4. Community Engagement TapSwap’s massive user base is a double-edged sword. With over 67 million users, including 18 million daily active participants, the project has significant demand potential. Community-driven buying pressure could push the initial price higher, especially if early adopters hold rather than sell. However, the experience of Notcoin and Hamster Kombat suggests that many tap-to-earn users dump tokens immediately upon listing, leading to price declines. TapSwap’s partnerships and planned utility (e.g., staking, gaming rewards) may mitigate this risk, supporting a price range of $0.05 to $0.15. Predicted Listing Price Range Based on the above analysis, the listing price range for $TAPS on February 17, 2025, is estimated as follows: Conservative Estimate: $0.03 to $0.06Rationale: Aligns with high-supply tap-to-earn tokens (Notcoin, Hamster Kombat), assumes significant token dumping, and reflects a single-exchange listing (Bitget).Moderate Estimate: $0.10 to $0.20Rationale: Balances TapSwap’s large community, TON blockchain advantages, and potential multi-exchange listings with the risk of post-launch selling pressure.Optimistic Estimate: $0.30 to $0.40Rationale: Mirrors Catizen’s successful launch, assumes strong community retention, robust utility, and a bullish Q1 2025 market. Key Influencing Factors Circulating Supply at Launch: A lower circulating supply (e.g., 1-2 billion $TAPS) due to lockups could push prices toward the higher end of the range.Market Sentiment: A bullish market could elevate the price, while a bearish market might suppress it.Post-Launch Behavior: If users hold rather than sell, the price could stabilize or rise; mass dumping could lead to a sharp decline.Utility and Adoption: Successful implementation of $TAPS utility (e.g., staking, governance) could drive long-term demand, supporting a higher initial price. Closing Thoughts TapSwap ($TAPS) enters the crypto market with significant potential, backed by a massive community and strategic positioning on the TON blockchain. While its listing price is subject to market dynamics and user behavior, a range of $0.03 to $0.40 encapsulates the spectrum of possibilities. The most likely scenario, balancing community strength with historical trends, suggests a listing price of $0.10 to $0.20, with potential for higher values if market conditions and adoption align favorably. We urge investors and TapSwap enthusiasts to monitor official announcements, exchange listings, and market trends leading up to February 17, 2025. While the project’s scale and partnerships offer promise, the volatility of tap-to-earn tokens warrants caution. TapSwap has the opportunity to redefine the genre, but its success will hinge on execution, community trust, and market timing. $NOT