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Understanding Binance from the Founder’s Perspective

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On May 1st, it was reported that the founder of Binance, CZ, spoke on Twitter Space and stated that I am not personally involved in the process of uploading Binance coins. There ar

Understanding Binance from the Founders Perspective

On May 1st, it was reported that the founder of Binance, CZ, spoke on Twitter Space and stated that I am not personally involved in the process of uploading Binance coins. There are also many projects on Binance that I cannot understand, and the first standard for uploading coins is the number of users. We will look at Token economics, and we don’t like tokens with very small circulation. From the user’s perspective, there is no guarantee that any specific token can be listed on Binance, nor is there any guarantee that a certain token will not be listed. Binance has an independent team to evaluate Shangcoin.

CZ: Individuals are not actually involved in any coin sharing work

As the world of cryptocurrency continues to grow, so do the number of exchanges available for traders. One exchange that has been making a name for itself in recent years is Binance. With its willingness to adopt new technologies and a user-friendly interface, Binance has garnered a large following among the crypto community.
However, there has been some confusion regarding the criteria for listing coins on Binance and how the evaluation process works. In a recent Twitter Space conversation, the founder of Binance, CZ, shed some light on the matter and provided insights into how the process works.

What Determines Whether a Coin is Listed on Binance?

CZ made it clear that he is not personally involved in the process of uploading coins on Binance. Instead, there is an independent team that evaluates each project before it is listed. The first standard for uploading coins is the number of users on the project.
However, CZ noted that having a large user-base isn’t enough. Binance will also evaluate the token economics of a project before deciding whether to list it. The team will look at the circulation of the coins and whether they believe the token is a viable project in the long run. Tokens with very small circulation might not be considered as they may not have enough market liquidity.

No Guarantee for Listing or Delisting a Token

From a user’s perspective, there is no guarantee that any specific token can be listed on Binance, nor is there any guarantee that a certain token will not be listed. The decision to list a token ultimately lies with the independent team that evaluates each project.
CZ also mentioned that there is no guarantee that a token that is already listed on Binance will remain listed. If a project does not perform as expected or there are any doubts raised by the independent team, the team could initiate the process of delisting the token.

Shangcoin Evaluation

During the conversation, CZ mentioned that there is a team dedicated to evaluating a project named Shangcoin. This team looks at the economics behind the coin and how it is being used in the real world. It is important to note that Shangcoin is just one project being evaluated, and Binance evaluates many projects before deciding whether to list them.

Conclusion

Binance’s evaluation process is constantly evolving, and the exchange has implemented strict measures to ensure that it lists only the best projects in the market. However, there is always some level of uncertainty when it comes to listing and delisting projects, as the market and user demands are constantly changing.
That said, Binance’s independent team of evaluators does their best to ensure that they are looking at the right projects and token economics to provide the best value to its users.

FAQs

**Q1:** What is the evaluation process for listing a coin on Binance?
A1: The independent team evaluates the number of users on the project and the token economics before deciding whether a project is a viable option to list.
**Q2:** Can a token that is already listed on Binance be delisted?
A2: Yes, it is possible for a token to be delisted if it does not perform as expected, or there are any doubts raised by the independent team of evaluators.
**Q3:** How can a project be evaluated for potential listing on Binance?
A3: Binance has an independent team of evaluators that evaluates projects. However, it is up to the project team to submit their project to Binance for evaluation.

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