1. Is the monetary circle going to end?
Recently, a lot of posts in the industry that denigrate blockchain have become popular. Many people outside the industry ask me if the blockchain scam is over. People in the industry wonder if the industry is running out of steam. Where are we in the cycle? Compared to good news, bad news is more likely to make headlines, and bad news is also more likely to get more traffic and attention. What is more worthy of ridicule than people in the crypto community singing about the crypto community? These behaviors and emotions are constantly contagious and the traffic is getting more and more intense. Even the withdrawal of some OGs has been amplified as evidence that “the monetary circle is about to end.” Anxiety and confusion when conversing with me.
In fact, it is not only the monetary circle that is concerned. We live in this world, so we cannot do without the environment, water and air. Whether the investment market is active or not depends on the business cycle, whether the economy goes up or down will determine where the public budget is allocated. An ordinary person has enough to eat and clothes to eat. Only those who are warm will consider investing, so every news from the Federal Reserve is a baton for the direction of the market for high-level players in the monetary circle, especially for the market in general. The size of the monetary circle continues to expand, large financial institutions are participating in the industry, and the blockchain industry is gradually maturing, especially after the approval of BTC and ETH ETFs, as a "configurable asset" in the investment category, the currency market and the stock market have become two sides of the same coin.
In retrospect: What changes have taken place in the cryptocurrency community in the past ten years? I once compared the currency ring to the Wild West, so the first people to enter this industry were the first Western Nuggets. During the economic recovery, a little bit of funds overflowing into the currency ring can also cause the currency ring to grow exponentially. In the early days of the blockchain industry, when the industry was growing enormously, it was not uncommon to see hundreds or thousands of coins as long as you dared to play hard. This was the double blessing of the initial niche market and the Macroeconomics. In such an environment, today's Stud is wrong, tomorrow's Stud will be right, and it will come back. But as time goes by, the economy enters another cycle, consumption worldwide declines, more players join the Nuggets team, Nuggets players with shovels continue to upgrade their equipment, and professional players at the first and second levels of the traditional market are More and more, everyone will feel that "the money circle is not as profitable as before."
From countless people calling Bitcoin a “Ponzi scheme” over and over again, to being criticized countless times in mainstream circles, to the approval of ETFs for Bitcoin and Ethereum, it is of course a huge victory. Look at the rise of traditional finance and the trading scale of cryptocurrency-related products, such as the trading volume of CME and ETFs, which is constantly expanding. Yes, the big deal is coming, but the way it happens is different from the way everyone imagines capital taking over without thinking. Just as the Internet changed the publishing industry and the television industry, it didn’t happen overnight, but slowly and quietly, bringing about more than just the rise of Bitcoin.
2. Is Binance flat?
We are pigs in the spotlight, taking the pulse of the times and supporting users to get to where Binance is today. We hope that the blockchain industry will not be a playground for niche players. We hope that Binance can serve 1 billion users in the future. We hope that it can become the infrastructure of the future world. When we want to promote large-scale adoption of the blockchain industry, when we want to meet the needs of the majority of people, when we need to protect the rights and interests and asset security of the vast majority of users, it means that we must balance ideals and reality to find a balance between. Binance is no longer a child, so we need to reconcile with the world, we need compliance, anti-money laundering, and follow the existing rules of the traditional financial industry. History always repeats itself. Countless technological innovations appeared in the early days of the Internet, and the turning point was when companies that served the majority of people became today's Internet giants. The absolute liberalism in the early days of the Internet eventually moved to the dark web.
We have no way to predict the future, so we can only learn from history. Products must be able to serve the majority of people to become the financial infrastructure of the future world. Binance's products start with transactions, not just transactions. , Square, Pay, The emergence of web3 wallet. We hope to try to explore how we can bridge the gap and truly democratize blockchain technology so that ordinary people can use blockchain instead of just speculating on blockchain. They don't need to know what blockchain technology is, but to benefit from blockchain. just like your grandmother doesn't understand Internet technology, but can enjoy the convenience brought by mobile phones. Bubbles will burst, and those products that truly solve user needs will change the world and make history.
3. Is your coin listed on Binance?
There has been a lot of discussion in the community about the listing of coins on Binance these days. We have taken everyone's opinions seriously, whether we thought in the past that listing VC-invested coins on Binance was betraying the community, or whether we thought that listing MEME coins on Binance lowered the standards for listing, or judging that the TG game project on Binance is nonsense, and the criticism is all the players in the studio, including the Mouse Warehouse rumor mill, who are also involved in the research on it, and we constantly reflect on it "With deep love, deep responsibility", we don't mind people not spending time with you. Binance has relied on its users to get to where it is today, and every user's opinion will be taken seriously. Let me try to explain the basic framework and process of currency listing that everyone is clamoring for:
The Binance Coin List consists of four links: Company, Research Group, Committee, and Compliance Review.
Let me briefly summarize the aesthetic preferences held by previous committees, which can be roughly divided into:
1) Launch projects that users need, projects with users and traffic. Over the past two cycles, we made a lot of mistakes when listing coins. In the beginning, we didn’t pay enough attention to MEMEcoin, so on Shib, PEOPLE, PEPE, and even the recent MEME projects, everyone was belatedly investing in them after they had gone up so much that their faces were swollen. The experience and lesson here is that Binance, as a trading platform, can’t feel good about itself, but it needs users to feel good about it.
In the dispute between big and small netizens, it is also because of the criticism from the community that we reflect more on what a good MEME is. If the essence of the MEME community is another "anti-Wall Street movement", then the. Tokens will be highly concentrated and Pump will have blown up the price. I don't know when the bubble will burst. Is it still MEME? Or Pond's in MEME clothes? Therefore, several MEME projects with relatively dispersed tokens and low market value were selected. More than ten projects were initially selected, and many of them were due to compliance reviews and token concentration.
2) Launching projects that will last for a long time – at the beginning of the last two cycles, some traditional venture capitalists began to enter the monetary circle in a big way, making frequent and generous moves. Later, everyone discovered that the projects had a certain appearance. In the industry they were rising and the project owners took advantage of the venture capital side. After reaching a valuation of hundreds of millions or even billions of dollars, you have a lot of money on your hands to try to make mistakes and adjust directions. The prosperity of Matic infrastructure projects selling coins at low valuations is gone forever and you have a lot of cash on your hands. Who is still willing to sell their own coins for tens of millions of dollars? It is not Binance that determines the price of its tokens, but the token model, circulation, buying and selling. The high-value projects of these top teams have a large number of MMs around them who are willing to advise them to maintain a high market value. A lot of exchanges are flocking to it, especially AMMs, which has led to the rise of DEX. It is not impossible without a trading platform. But there is no denying that while other projects have risen and fallen, they have lived longer and had more opportunities.
Many people will say that this shows that Binance is losing its right to speak. Yes, of course there is no absolute right to speak. This is precisely the characteristic of the decentralization of the industry and the result of the joint effect of professional financial players and the rise of DEFI, and these two are the key to taking the industry to the next level. Without the participation of capital, how could cryptocurrency become a hot topic in the US election? Decentralization and the lack of absolute authority are the charms of this industry, aren't they?
3) There are projects with sound business logic on the Internet. In the past ten years, I often heard a saying: "Cryptocurrency projects do not need a business model. Once there is a business model, the valuation can be calculated." But I think that regardless of Web2 or Web3, the essence of entrepreneurship is to create what the world needs. Naturally, someone will pay for it, whether the customer is on the B side or the C side, the financing method will change, but the essence of entrepreneurship will not change. Since the madness of 2017, I have been conveying a concept: issuing coins is a lifelong responsibility, which is guaranteed by a long-term reputation. The community will support you, but your responsibility will also be greater if you sell the coins and retire directly, then a person The bankruptcy of a person's reputation is the real bankruptcy.
Because we like projects with solid business models and revenues, we hope to have a reliable team that has entrepreneurial potential and can take responsibility. We also hope that their valuation is not too high and that they can take care of the community and grow together. We hope that you can empower the tokens, because if you support your users, your users will support you. If any project meets these standards, please contact us, leave a message below this post or open an application at the link on the site. to complete the information.
Official contact information of TG business: @BResearchBD
In terms of the currency listing process and insider trading prevention, Binance as a system has considered all aspects of information isolation. Just like the outside world said, the Binance currency listing team has been bathed in blood for several rounds, and the people who are currently doing it. Binance Currency Quotes Research We don't talk about business, we talk about business terms, and we don't know which projects have entered the observation group. Everyone only knows the progress of the projects they are responsible for. IC vote, these projects still need to pass strict compliance review restrictions and may be canceled at any time.
In accordance with the exchange's compliance requirements, all Binance employees must complete relevant mandatory compliance training. At the same time, Binance has an independent internal audit team that specializes in investigating such violations. If it is verified that there is an information leak or suspicion of insider trading, Binance will immediately initiate legal proceedings and transfer relevant personnel to judicial authorities to face criminal liability.
We can set rules to restrict people, but it does not rule out that the current system or the system still has information blind spots, so we have given a high reward: everyone who knows of any reports involving currency quotes and other corrupt behavior, or any other blind spots in our If the "Coin Watch Indicator" is verified by the Binance team, we will keep your identity confidential and provide you with a security vulnerability reward of USD 10,000 to USD 5 million. Report email: audit@binance.com;
4. If we have different opinions, maybe you are right
In the past few months, I have rarely posted on social media. The more I read, the more ignorant I feel, and the more I am in awe of the world. We are all just a grain of sand in the torrent of the times, and various causes and coincidences have been washed away by the waves. Everything I have gained today is a product of the times, of the rapid economic development brought about by globalization, and the rise of flat information on the Internet is an opportunity that arises from scratch in the blockchain industry. It is not because of my own talent, but because in the early days of the industry, "there were no heroes to make Zhu Zi famous." This means: "I am not necessarily right", because according to the above-mentioned currency pricing logic, even if Bitcoin is born today, it may not be able to pass IC. My casual, incomplete, and inaccurate remarks may bring unnecessary misunderstandings and overinterpretations to the community, so the less expressive I am, I will still try to explain some misunderstandings when I see them, and everything will become more and more obscure.
The world that everyone sees is not the same. We may be the intersection of different parallel times and spaces. If my words move you a little, it may lead you to a better position in the blockchain industry. I am deeply honored that DYOR can make entrepreneurs willing to calm down and move forward. Everyone can only see their own future. Whatever they create, they will build it. We will continue to explore the future, just as we have just entered the day in this industry, thank you, comrades.
PS: The attached images are from the community, thanks to the creators of the community❤️
