I saw many KOLs scolding Binance for having no vision and launching $DOGS, which is another junk project. The world's largest exchange does not want to contribute to crypto but instead launches a junk project.

I don't know if it's rubbish or not, the market value of the airdrop should be more than 500 million US dollars. I made more than 100,000 from a few telegram accounts of my own. I wanted to create more accounts, but the activity was stopped just after I executed it. I'm not destined to make a lot of money.

I have only a very small chance of taking over, so I will sell what I have first. If the total market value is less than $500 million, I might consider taking some. A project with many addresses holding coins, more than 3 million official followers (the same level as @dogecoin), and listed on many major exchanges, with a market value of less than $500 million, is worth considering. Dog-like MEMEs still have a market.$BOME

E. It has a market value of nearly 500 million US dollars now. I don’t think BOME has a strong cultural influence. It was just that it was listed on Binance for three days, which was quite impressive. Now DOGS is directly listed on Binance when it opens.

Now the pre-market trading price of OK is 0.0038U, with a total volume of 550 billion and a total market value of 2 billion US dollars. They are all zero-cost, and there are a lot of studios. The power to smash the market should be very strong. Now the copycat has no faith and the liquidity is not good. I don’t know if it can be taken up. There is a selling pressure of more than one billion US dollars at the beginning. Let’s see how the market will go.

But I disagree with the saying that Binance has no pattern in listing DOGS and only lists junk projects. I saw Xie Jiayin's words on Twitter from BG Exchange. He said that DOGS was too aggressive this time and the pressure was great. He hoped that everyone would withdraw more coins to BG. What does this mean? It means that the exchange really likes to rush to list DOGS.

DOGS was originally scheduled to be listed on the 20th, but was postponed twice because there were too many people who wanted to deposit funds to the exchange and withdraw coins. Later, too many exchanges came in to list DOGS, including BG and GATE, and now Binance has also joined.

What is the pattern? What is most important is to bring real new users to the exchange. These exchanges are all competing for it. They all want everyone to transfer their coins to their own exchanges and want to attract more new users. DOGS's announcement said that there are already 8 million accounts that want to transfer their coins to the exchange. 8 million accounts at once must be a record. Hundreds of thousands of new exchange users are not going away. Now everyone is competing for it. I list your coins, and you bring me so many new users. The exchange is very happy. If the exchange attracts new users by itself, the cost is very high, and each user costs hundreds of yuan. Why not do it?

Whether the project is rubbish or not is secondary. They are all MEME, so who is rubbisher than who?$WIF

If these are better than DOGS? Will they not fall after listing? Even if DOGS performs poorly, the new users are enough to impress the exchange. We are all businessmen. If the benefits are big enough, we must do it, and we must do it as soon as possible, otherwise it will be snatched away by other exchanges. Binance may regret that it acted too late. The pattern is nothing in front of the interests.

Binance has some structure. The market thinks that it has too many projects, which has caused liquidity shortage. The price of the currency has been falling. They haven't opened a new pool for almost two months. But the situation is that the market will fall even if they don't add new projects, and it fell more sharply than in the first half of the year. This is like blaming the earth for its lack of attraction when you can't poop. When the market is not good, they take responsibility for all the trivial matters.

Do Binance and those project owners have any responsibility for the bad market? Of course they do. But can you manage so many things? How fragile is the whole market structure to maintain it? Only behavior driven by interests is stable and reliable. The only thing that can really change the behavior of exchanges is the voting with feet of retail investors in the secondary market.

If you think the project is rubbish, you don’t need to criticize the exchange project owner for having no vision. They are all here to make money. Are you tired of talking about vision? Just don’t accept it. Just don’t accept it. Just like in July and August, the price of the currency fell all the way, and the rubbish project died. Binance’s IEO income is extremely low, BNB is no longer a golden shovel, BNB is not fragrant, and the price plunge is the thing that can really change Binance’s behavior. If you think VC coins are not good and DOGS is rubbish, just don’t accept it. There is no point in criticizing the exchange.

The behavior of the market ultimately depends on the market's regulatory mechanism, and the most important thing is the price signal.#新币挖矿DOGS