Binance launches public recruitment plan for coin listing projects | According to Binance @binance official announcement - Binance is committed to creating a healthy and sustainable market environment and always puts the interests of users first. In recent months, we have observed that tokens are issued with high valuations and low initial circulation. This trend is discussed and its impact is emphasized in the report "Observation and Thinking on the Current Situation of High Valuation and Low Circulation Tokens".
In order to cultivate a healthy industry with multiple market participants, Binance will take the lead in supporting small and medium-sized cryptocurrency projects. We sincerely invite high-quality teams and projects to apply for Binance coin listing projects, including: Direct Listing, #Launchpools, #Megadrops, etc. We hope to promote the development of the blockchain ecosystem by strengthening support for small and medium-sized cryptocurrency projects with good fundamentals, organic community foundation, sustainable business model and industry responsibility.
Importance:
Launching tokens with high fully diluted valuations and low circulation will lead to huge selling pressure when unlocked in the future. Such a market structure is not good for ordinary investors and loyal community members of the project. Binance is committed to reshaping this trend and creating a diverse market environment for our users and all market participants.
Projects Binance is looking for:
Industry: All projects are welcome to apply for listing on Binance
Valuation: Small to medium market capitalization relative to their respective tracks
Token economics:
Reserve a large amount of token allocation for community users (airdrops, community rewards, etc.)
Appropriate secondary market token circulation during TGE
Reduce allocation to non-community users
Business and products:
Good product-market fit (PMF)
Self-sufficient business model
At least one minimum viable product (MVP)
Those with technical innovation and design innovation are preferred
Social participation and community foundation:
Organic and real user base
Long-term sustainable user growth
Compliance:
Market participants who value regulation and compliance and are responsible
What are the benefits:
1. Promote more sustainable industry growth based on more reasonable valuations and token allocation models;
2. Align the interests of community users, ordinary investors and projects through a fairer issuance method;
3. Binance Launchpool and Megadrop can help increase market awareness and attention.
How to apply:
If your project meets the above conditions, please fill in the application form. The Binance team will contact the team that passes the initial screening. https://www.binance.com/zh-CN/my/coin-apply
