BINANCE WILL SUPPORT SMALL CRYPTO STARTUPS.
Binance's press office noted: in response to the problems caused by high FDV (fully diluted market capitalization) and low number of tokens in circulation for some cryptocurrencies, the platform will start prioritizing support for small and medium-sized startups. This includes direct listing on the exchange, as well as Launchpool, Megadrop and more.
The company will require project managers to reserve a large amount of tokens and actively allocate assets to community users. According to the press office, Binance is committed to promoting a healthy and sustainable market environment. The organization prioritizes the interests of users.
In recent months, Binance analysts have observed a trend of token launches with "high valuations with low initial turnover." Researchers studied it released a report on the topic a few days earlier. Experts said that in order to foster a healthy industry with multiple market participants, including projects with low and mid-cap valuations, Binance is taking a role in attracting such startups.
Experts said it will help develop the blockchain ecosystem by supporting developers that release products "with strong fundamentals, an organic community base, a sustainable business model and a dedicated team.