He Yi, the co-founder of Binance, who is known as the first sister in the currency circle, wrote an article yesterday to share her recent views on hot topics related to the currency circle and Binance, and responded to the community’s doubts about Binance’s currency listing strategy this year. (Preliminary summary: Binance refutes rumors: It has no intention to lead the trend of meme coins, and listed "lowercase Neiro" due to low market value and scattered currency holdings) (Background supplement: Binance listed lowercase "Neiro" soared by 754%, and the community questioned Binance currency listing strategy) He Yi, co-founder of Binance, the world's largest cryptocurrency exchange, wrote an article titled "If we have different opinions, then maybe you are right" on the Mid-Autumn Festival yesterday (17th), This article answers three major questions that have been hotly debated by the community in the currency circle and Binance recently: Is the currency circle going to end? Is Binance flat? Binance Listing Strategy The following is the key points of Sister Yi’s full text: 1. Is the currency circle about to end? Recently, many posts in the industry denigrating the blockchain have become popular. Many people outside the industry are asking me if the blockchain scam is over? People in the industry are asking whether the industry is running out of steam? Where are we in the cycle? Compared with good news, bad news is more likely to make headlines, and bad news is also more likely to gain more traffic and attention. What is more worthy of ridicule than people in the cryptocurrency community who sing down about the cryptocurrency community? These behaviors and emotions continue to be contagious, and the traffic is becoming more and more intense. Even the retirement of some OGs has been amplified as evidence that "the currency circle is about to end." Some staunch idealistic players in the industry will also reveal anxiety and confusion when chatting with me. In fact, it’s not just the currency circle that’s worried. 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 economic cycle. Whether the economy is going up or down will determine where the public's budget is allocated. As an ordinary person, we have enough to eat and clothing to eat. Only those who are interested will consider investing, so every news from the Federal Reserve is a baton for market direction for senior players in the currency circle. Especially as the overall market size of the currency circle continues to expand and large financial institutions participate in the industry, 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. Hindsight: What changes have occurred in the cryptocurrency community in the past ten years? I once compared the currency circle to the Wild West, so the early people who poured into this industry were the early Western Nuggets. During the economic upturn, a little bit of funds overflowing into the currency circle can also make the currency circle grow exponentially. In the early days of the blockchain industry, when the industry was growing wildly, it was not uncommon to see hundreds of times or thousands of coins as long as you dared to play hard. This was the dual blessing of the early niche market and the macroeconomy. In such an environment, today’s Stud is wrong, stud will be right once tomorrow and come back. But as time goes by, the economy enters another cycle, consumption around the world is downgraded, more players join the Nuggets team, Nuggets players wielding shovels continue to upgrade their equipment, and professional players at the first and second levels in the traditional market are increasingly The more there are, everyone will feel that "the currency circle is not as profitable as before." From Bitcoin being called a "Ponzi scheme" by countless people over and over again, to being criticized countless times in mainstream circles to the approval of Bitcoin and Ethereum ETFs, it is of course a great victory. At the same time, we can see that traditional finance The trading scale of cryptocurrency-related products is steadily expanding, such as the trading volume of CME and ETF. Yes, the big one is coming, but the way it comes is different from the way everyone imagines capital taking over without thinking. Just like the Internet changed the publishing industry and the television industry, it did not happen overnight, but slowly and quietly, bringing about more than just the rise of Bitcoin. Extended reading: Cryptocurrency in the eyes of Paradigm: Like the pioneering of Mars, a gambling table for speculators 2. Is Binance flat? We are pigs in the spotlight, stepping on the pulse of the times and standing with users to get to where Binance is today. It comes from the famous "Flying Pig Theory" (also known as the "Flying Pig Theory") (also known as the "Flying Pig Theory") by Lei Jun, the founder of Xiaomi: starting a business is to be a pig standing on the wind. If the wind is right, the pig can fly. We hope that the blockchain industry will not be a playground for niche players. We hope that Binance can serve one billion users in the future. We hope that it can become the infrastructure of the future world. We have been working hard towards this goal. When we want to promote large-scale adoption of the blockchain industry, when we want to meet the needs of most people, when we need to protect the rights and interests and asset security of the vast majority of users, it means that we need to balance ideals and reality. Find a balance between. Binance is no longer a child, so we need to reconcile with the world, need compliance, anti-money laundering, and follow the existing rules of the traditional financial industry. History always repeats itself. There were countless technological innovations in the early days of the Internet, and the turning point was when companies that served most people became today’s Internet giants. The absolute liberalism in the early days of the Internet eventually moved toward the dark web. We have no way to predict the future, so we can only learn from history. Products need to be able to serve most people to become the financial infrastructure of the future world. Binance’s products start from transactions, not just transactions. You will see Earn, Square, pay, The emergence of Web3 wallets. We hope to try and 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 have to know what blockchain technology is. , but benefiting from the blockchain, just like your grandma 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. Further reading: Binance Research Report: How far are we from mass adoption of Web3? 3. Is your currency listed on Binance? There has been a lot of heated discussion in the community about Binance’s listing of coins in the past few days. We have taken everyone’s opinions seriously. Whether in the past we thought that listing VC-invested coins on Binance was betraying the community, or we thought that listing MEME coins on Binance was lowering the price of listing. Standards, or judgments on TG game projects on Binance are all nonsense, and criticisms are all studio players, including the rumors of Mousecang, which are also involved in investigations. We are all paying attention and are constantly reflecting on it. "With deep love, there is deep responsibility." People who don't care won't spend time with you. Binance relies on 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 calls for: Binance currency listing consists of four parts: business, research group, committee, and compliance review Link composition. Let me roughly summarize the aesthetic preferences retained by previous committees, which can be roughly divided into: 1) Projects that users need, projects with users and traffic. In the past two cycles, we made a lot of mistakes in listing coins. In the early days, we did We don’t pay enough attention to MEMEcoin, so when it comes to Shib, PEOPLE, PEPE, and even these recent MEME projects, we only bet on them after they have risen so high that their faces are swollen. The experience and lessons here are that the currency As a trading platform, An cannot be considered good by itself, but must be felt by users. In the dispute between big and small neiro, it is also because of the criticism from the community that we are more reflective about what is a good MEME. If the essence of the MEME community is another "anti-Wall Street movement", then the tokens will be highly concentrated and the price will have been Pump blows up, but the bubble bursts at some point. Is it still MEME? Or Ponzi in MEME clothing? Therefore, several MEME projects with relatively dispersed tokens and low market value were selected. More than ten projects were initially screened, many of which were due to compliance review and token concentration. Further reading:...

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