Today, I saw that everyone was saying that all the new VC coins on Binance have high market value and high valuation with relatively low circulation. Later, a lot of chips will be unlocked and shipped. If the community members give poor feedback, they will be listed, and the price will fall all the way after listing. However, the fully circulated community with strong cohesion and relatively low valuation is sometimes not considered. It is just to launch a contract to suck blood. Basically, we all know that if we don’t stop, 99% of the contracts will lose money. We will still play because it is really a small risk for a big gain, hoping to become that one percent.

The behavior of only listing contracts and not listing spot products is actually destroying the cohesion of the project community. For example, I like this project and want to participate, but I recognize Binance Exchange, but Binance Exchange does not have it, so I need to transfer the currency to other places with spot products to buy it. Binance sees the traffic and popularity of this currency and wants to list it, but there is no listing fee, and I don’t want to miss these traffic. Just listing a contract, only listing contracts without spot support, we all know that it is just air data. Community members who recognize this project and Binance will trade this coin on Binance. They think that if there is no spot, they can only open contracts, and it will be fine if they open double or triple. But the fact is that contracts are contracts, and it has nothing to do with double or triple. When there is a big fluctuation, the position will still be liquidated. It is not like the spot that can lie flat. As a result, it is found that when Binance only has contracts, users of these project communities will lose money no matter how they trade. There is no spot and the contract structure feels like a position is looking for liquidation. Finally, the believers of this project will lose money and may eventually be liquidated because they want to trade on Binance. Then there is qtmd, quit this project and no longer pay attention to it. In other words, projects that only launch contracts are actually indirectly sucking blood from these projects and forcing some people who are optimistic about the project to be forced to leave in the end, which is a factor that destroys the unity of the community.

However, after these two days of such a commotion, I personally feel that these projects may be given some opportunities. That is, Binance may slowly launch the spot of these currency projects that have contracts. #rats