🎯 And that's also the reason
1️⃣There are many good projects with real products, but if they let low tier funds invest, the valuation will also decrease.
Worse, the token price plummeted, there was no liquidity & eventually investors were turned away ⚠️
2️⃣ On the contrary, there are many projects that seem very normal, but invested by Binance and a16z, they are warmly welcomed by the community 🥳
3️⃣ To access large funds such as a16z, Hashed, Paradigm, Animoca is very difficult.
The project must both have good products and be good at creating relationships to access good funds!
For example
Both are Fan tokens, but projects listed by Binance (LAZIO, SANTOS, PORTO, ALPINE) have capitalization and liquidity accounting for 50% of the total market share of the Fan Token market 👇
Chiliz's FT is on a much lower scale ⚠️
📌2.3/ Case Study of Coin98
Coin98 Case Study as shared by Mr. Le Thanh🙏
1️⃣ Initially, Coin98 was just a community group sharing knowledge in Vietnam, there was no backer, the global community did not know about it.
2️⃣ Even though there was a core product at that time, Coin98 Wallet, the market still had many big players like Metemask, Trust, SafePal,...
3️⃣ So how can Coin98 be listed on Binance Launchpad and invested by Binance Labs, Multicoin, Hashed, Spartan, ParaFi,...?
4️⃣ According to Mr. Le Thanh, in order to access large funds, Coin98 supported major projects at that time such as MakerDAO to develop the community in Vietnam for a long time & for FREE!
5️⃣ Since then, the Coin98 team has received support from international builders to introduce good relationships and expand globally before being noticed by Binance and listed on Binance.
🚀 If you pay attention to the project's Twitter followers before and after the Binance listing news (for small => medium sized projects), you will see 👇
One Binance listing post in 1 hour is equal to the project's entire year's marketing effort!
Not only did followers increase, but prices also increased ✅
The image above shows that most projects after being listed on Binance have good growth 👇