Binance, the world's largest cryptocurrency exchange, announced yesterday (16th) that it would list the dog meme coin $Neiro, once again putting its criticized currency listing strategy in this bull market at the forefront. The cause of the incident was Binance listed the capitalized $NEIRO perpetual contract as early as the beginning of this month, which once made investors think that Binance had recognized the legitimacy of NEIRO. Many investors also bought the token and bet on it being listed on Binance.
However, the spot trading pair listed on Binance yesterday was lowercase Neiro. Binance’s inconsistent currency listing logic caused dissatisfaction in the community. At the same time, a Chinese KOL exposed the rat position, saying that Binance without CZ is almost ruined. .
Note: After the death of Dogecoin’s prototype Shiba Inu Kabosu in May this year, the Japanese owner of Kabosu announced on the social platform The currency community is enthusiastic, and Neiro has been born on the Ethereum network one after another. In addition, there are also related meme coins on chains such as Solana.
Simplified Chinese KOL denounces Binance’s listing of lowercase Neiro
Binance’s actions have triggered varying degrees of protest, especially in the Simplified Chinese crypto. For example, KOL “San Francisco is not Paris” with 42,000 followers on Twitter directly stated that he suffered losses because of Binance:
I lost 250,000 on Binance!
Originally, I didn’t buy anything in uppercase and lowercase at all. Later, Binance added uppercase contracts and I started buying uppercase spot (if Binance didn’t offer uppercase contracts, I would never buy uppercase spot). I bought 20 ETH and just sold 13 of them.
Just now Binance announced the listing of spot. I thought that since the contract is in capital letters, the spot must also be in capital letters. I opened another 100% capital contract (because there was no spot on the exchange, and I was afraid it would be too late to buy it on the chain. Fortunately, I only opened it. More than double, I want to open 10 times and it will be even worse). Then about 40 minutes later, after Binance released the currency listing announcement, it tweeted @ lowercase again. I confirmed that it was lowercase, and then the meat contract lost another 1.8 10,000 U. Without Binance’s misleading:
1. I don’t know how to buy spot goods
2. I don’t know how to buy capital contracts
3. I will not lose money by buying.
To be honest, I lost 250,000 yuan and I can afford it now, but what about others?
1. What if it’s because Binance All In people who capitalized on Stud? Can they afford the loss?
2. What if it is because of Binance’s misleading that after signing up for the upper-case contract, they sold all the lower-case contracts and replaced them with upper-case contracts? Can they afford the loss?
3. What about those who saw the high-multiply All In liquidation of the contract after listing the spot? Can they afford the loss?
In addition, the trader "Chuan Mu" who is also a Simplified Chinese crypto KOL also posted a screenshot of a suspected Neiro rat warehouse, revealing that someone seemed to know the inside story of Binance's plan to list Neiro and TURBO in advance:
When cz was there, there were only three or four IEOs a year. I guess I was shocked. Now Binance is listing three coins a day. The rats and mistresses inside Binance probably know that he won’t be able to get the coins if he takes them out.
Arrange for your shit coin to be quickly listed on Binance.
Internal corruption, telling lies, and sooner or later a great company will be destroyed in the hands of this bitch.
Binance He Yi: No intention to lead the trend of Meme
In the face of heated market discussions, Binance He Yi also posted a response to clarification on Telegram yesterday, explaining that Binance has no intention to guide the trend of meme coins. The previous listing of uppercase NEIRO was indeed following the trend. The reason for listing lowercase Neiro this time is because of its currency holding address. Decentralized, relatively low market capitalization:
Binance has no intention of controlling the meme. The problem is that there is no hot topic right now. To sum up, there are three categories:
1) tg mini-games with many playing cards;
2) A large number of infrastructure projects and other token issuances are all highly valued VC coins;
3) Only meme coins are popular in the market. In the past, the contract did follow the trend of NEIRO, but the community reported that meme was becoming a currency, so I spent time to find some projects with relatively low market value and dispersed currency holding addresses to test the waters;
4) We also keep an eye on other types of projects. If you think there is a coin that you think is particularly good, you are welcome to recommend it;
However, Binance is a trading platform and will try its best to provide a variety of tokens needed in the market. However, investment is risky. We hope that everyone should DYOR as much as possible before buying or selling.
In this regard, Colin Wu, founder of Wu Blockchain Blockchain, also commented that Binance is now facing a dilemma:
There are popular coins and contracts that can draw commissions and make money. Compliance fines are very expensive. If you don’t make any money, it will be taken away by competing products.
However, users have expectations for Binance, and they scolded the platform if the currency they bought dropped. Referring to the previous list of high FDV plummets, they were too scared to list VC coins again.
But new projects in this cycle either have extremely high valuations, or are meme and ton. Just choose one of the two. what to do? Haha no way.
