LIVEThe CEO of Binance reveals the selection criteria for listing a cryptocurrency.
this is my oppinion
I find this article very interesting because it gives us a glimpse behind the scenes of Binance, the world's largest cryptocurrency exchange platform. Binance CEO, Changpeng Zhao, reveals that the main criterion for selecting a cryptocurrency for listing is the number of users. He explains that if a token has a large number of users, then it will be listed, even if he personally doesn't understand the project.
I think this strategy is both logical and risky. Logical, because Binance aims to maximize its profits by listing the most popular tokens in high demand by the community. Risky, because Binance does not base its decisions on the intrinsic quality of projects, but on their popularity, which can be fleeting or manipulated. Indeed, some projects may resort to aggressive marketing techniques or bots to artificially inflate their user numbers.
I believe Binance should also take into account other factors, such as the technical strength of the project, its long-term vision, its contribution to innovation and decentralization, etc. I think Binance has a social and ethical responsibility towards its users and should promote projects that bring real added value to the cryptocurrency sector.
Among the projects I would like to see listed on Binance, there is, for example, Cardano (ADA), which is a smart contract platform aiming to be more scalable, secure, and inclusive than its competitors. There is also Polkadot (DOT), which is a network that allows different blockchains to connect with each other and create interoperable decentralized applications. Finally, there is Avalanche (AVAX), which is a platform that combines the advantages of traditional blockchains and validator-driven blockchains (DAG), providing high performance and low latency.
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