Dear User:
Binance is committed to fostering a healthy and sustainable market environment and [始终将用户的利益放在首位](https://www.binance.com/zh-CN/blog/ecosystem/421499824684900755?lang=zh-CN). In recent months, we have observed tokens being issued at high valuations and low initial circulation. This trend is discussed and its impact is highlighted in the report [《高估值、低流通代币现状观察及思考》](https://www.binance.com/en/research/analysis/low-float-and-high-fdv-how-did-we-get-here).
In order to foster 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 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 models and industry responsibility.