What is the difference between Binance's pre-market trading and other exchanges?

I roughly read the announcement, and there are a lot of criticisms under the announcement. It feels like they are all hard-core blackmail, saying that they cut the handling fee, sell air without spot, and cut leeks in cooperation with VC. They are all blackmailing for the sake of blackmailing.

What is the difference between Binance's pre-market trading?

1. Binance's pre-market trading is spot. Where does the spot come from? It is the coin mined by users from Launchpool. The token can be claimed in the first hour. Recharge is not allowed during pre-market trading. Other exchanges are either contracts or futures. Buy and sell first, and then deliver after the opening. There is a margin, and there are many cases of default.

2. Binance's pre-market trading fee is cheap, only the spot fee is charged. Other exchanges generally sell 2.5%, and buy 2.5%, which is 5% back and forth.

3. The depth of Binance's pre-market trading is definitely deeper than other exchanges. Now other exchanges' pre-market trading has no spot, and they are all selling based on their estimated airdrop quantity. The quantity is very small and there is no depth.

4. Binance pre-market trading is simple. Others require margin, delivery, minting, and even the total amount of trading currencies is not available before pre-market trading. The uncertainty is too high. For Binance, you only need to estimate the price and see if it is cost-effective, and then buy and sell.

At present, the coins traded on Binance pre-market are mined by Launchpool, which is equivalent to opening the market before airdrops and VC coins. If you want to sell, you can sell it in advance if the price is right. If you are optimistic about it, you can buy it first if the price is low. However, the coins traded before the market may have been fully traded before the market opens. Before, it was a bet on the opening, and now it is a bet on pre-market trading.

For those of us who use $BNB and $FDUSD to mine, it is definitely a good thing.