Binance, the world's largest cryptocurrency exchange, released a " Binance Coin Listing Project Open Recruitment Plan " on May 20, stating that in order to cultivate a healthy industry with multiple market participants, it will take the lead in supporting small and medium-sized cryptocurrencies. project:
In recent months, we have observed tokens being issued at high valuations with low initial circulation... In order to cultivate a healthy industry with multiple market participants, Binance will be the first to support small and medium-sized cryptocurrency projects. We sincerely invite high-quality teams and projects to apply for Binance currency listing projects, including: Direct Listing, Launchpools, Megadrops, etc.
We hope to promote the development of the blockchain ecosystem by strengthening support for small and medium-sized cryptocurrency projects with good fundamentals, organic community foundations, sustainable business models, and industry responsibility.
"Binance Coin Listing Project Open Recruitment Plan" Application Requirements
According to Binance’s announcement, the application conditions for the “Binance Coin Listing Project Open Recruitment Plan” are as follows:
Industry: All tracks
Valuation: Small and medium-sized market capitalization relative to their respective tracks
Token Economics:
- Reserve a large amount of token allocation (airdrops, community rewards, etc.) for community users
- Appropriate secondary market token circulation during TGE
- Reduce allocation to non-community users
Business and products:
- Good product market fit (PMF)
- Self-sufficient business model
- Have at least a minimum viable product (MVP)
- Priority will be given to those with technological innovation and design innovation
Social participation and community foundation:
- Organic and authentic user base
- Long-term sustainable user growth
Compliance: A responsible market participant who values supervision and compliance
Binance added that the reasons for this are:
Launching a token with a high FDV and low circulation model will lead to huge selling pressure when it is unlocked in the future. Such a market structure is detrimental to ordinary investors as well as loyal community members of the project. Binance is committed to reshaping this trend and creating a diverse market environment for our users and all market participants.
Users who meet the above conditions can fill out the Binance application form to apply.
Which projects are expected to be the next ones to be listed on Binance?
According to Binance’s latest currency recruitment plan, the Web3 asset data platform RootData published an analysis on the social platform X yesterday (21st) stating:
A total of 20 projects listed on Binance Launchpool in the past three years have a final average valuation of approximately US$217 million in the primary market. Combining the investment data of the top ten VC institutions that are easiest to log into Binance Launchpool, they have 76 projects with a valuation of less than US$300 million may have priority in getting the opportunity to be listed on Binance.
After analysis, RootData pointed out more clearly that based on the projects jointly invested by the top ten VC institutions that are currently easiest to log into Binance Launchpool and the latest valuations of the projects: Puffer Finance, DappOS, Ultiverse, MyShell, Xterio... and other projects may be It is the next batch of potential currency listing projects.
