As one of the world's largest centralized exchanges, Binance boasts excellent liquidity to ensure seamless and large-scale trading.
For every project, the issuer aims to list the coin on Binance, leveraging Binance's influence to enhance the project's attractiveness and trading activity, which has become the ultimate goal for project teams.
The maximum listing fee charged by Binance is 8% of the total token supply, and projects are required to purchase and stake BNB, which is returned upon delisting, equivalent to $5 million (other exchanges require deposits of $250,000 to $500,000 in stablecoins or their tokens).
From the statistics of 2024, among the 37 tokens listed on Binance in 2024, except for 5, the rest have fallen below the issuance price. Aside from NEIRO, which has risen 294% since its listing on September 16, only four other coins have prices higher than the issuance price.
More than half of the declines have been at least 30-80%, with the worst being AEVO, which has dropped over 88% since its first listing in February.
From the data, we may lose trust in every project listed on Binance.
If you invest in the new coins listed on Binance in 2024, the win rate is only 13.5%.
Listing on Binance seems to be the dream of every Web3 project. After passing the careful scrutiny from Binance's VC, accepting the market price test is the real display of strength.
As 2024 comes to an end, the results are less than satisfactory.
May all the assets you invest in be safe!!!!
