As interest in memecoin projects has been rapidly increasing recently, investors are trying to learn more about the listing processes of major cryptocurrency exchanges. Especially being listed on major platforms like Binance can be an important stepping stone for projects. However, Binance’s approach to these listing processes is not as simple as most investors think.
Binance Listing Criteria: Transparency, But No Guarantee
Binance’s marketing manager Rachel Conlan emphasized that there is no definitive formula or guarantee in her statements about the listing process. Conlan said that Binance uses a special research team to examine projects in detail. During these reviews, many factors such as the founders of the project, team structure, roadmap and community interaction are evaluated.
“It is not possible for a project to get on the list just by popularity and hype. Projects that offer real use cases and are actively supported by the community are given priority,” Conlan said, noting how important these criteria are for projects to be accepted by Binance.
Conlan acknowledged that memecoin projects are often criticized for having limited use cases, but he said he doesn’t think this is a long-term situation and predicts that more functional memecoin projects will come to the fore in the future.
“Memecoins with a usage area increase community loyalty and ensure that these projects last longer,” he said, giving important clues about the future of the memecoin trend.
This view is in line with criticisms of memecoins by former Binance CEO Changpeng Zhao (CZ), who argues that blockchain technology should not only be used for fun projects but also to develop real-world applications.
Bear Market: Projects With Great Potential
Conlan, who also made statements about the current state of the cryptocurrency market, stated that the bear market is the most suitable period for innovations and innovations in the sector. Conlan stated that the projects developed during this period will achieve significant potential with the improvement of market conditions. In the next 18-24 months, while communities are expected to grow rapidly, it is predicted that innovative projects will shape the future of the sector.