Here's a rewritten version of the text in a more polished and professional English tone:

"Recently, some friends and I have been discussing the criteria for listing coins on Binance. I'd like to share my insights: the cryptocurrency market is a free market, where liquidity and trading volume are aggregated across various exchanges, including CEXs and DEXs. Binance is not a closed ecosystem, and even if we don't list certain projects, they will still exist and attract trading volume and funds elsewhere in the industry. This includes VC-backed projects, meme coins, local favorites, and capital pools, which will all find their way into the market. Once ETFs are approved, traditional finance will also enter the cryptocurrency space.

Regarding VCs, while some contribute to inflated prices, they typically operate on a 7-year lock-up period, collecting management fees and dividends. Many VCs in crypto are also at risk of bankruptcy, and their LP investments may return to zero. Projects with significant funding have a higher chance of surviving the bubble cycle, but token prices and governance models are determined by the project teams themselves, with no one-size-fits-all answer.

Therefore, before investing, it's essential to conduct thorough research on project tokens, including their application scenarios, release cycles, holding ratios, and initial circulation. The rise of DeFi has brought more liquidity and freedom to the industry, making it more challenging for CEXs to establish rules. However, this is the beauty of the free market in cryptocurrency. Always remember to do your own research (DYOR)!"