According to Foresight News, according to Cointelegraph, Binance Chief Marketing Officer Rachel Conlan said at the 2024 Australian Cryptocurrency Conference (Aus Crypto Con): "The team has done a lot of due diligence on project founders, participants, and potential content on their roadmaps." "Community feedback and opinions, as well as observing community trends and insights, are absolutely important," and denied the idea that hype alone can drive listing. Due to its lack of practicality, memecoins have received "a lot of negative coverage." "But we know that there are upcoming memecoins that have this kind of practicality built in, and that's exactly what we need because we need this use case."