Chainfeeds Introduction:
Binance co-founder He Yi responded to the community's doubts about Binance's recent frequent listing of Memecoin, and summarized the three types of projects that Binance prefers to list: projects with users/traffic, long-lived projects, and projects with solid business logic.
Source:
https://www.binance.com/zh-CN/square/post/13659356461810
Article author:
He Yi
Viewpoint:
He Yi: Binance listing consists of four links: business, research group, committee, and compliance review. Let me roughly summarize that the aesthetic preferences retained by previous committees can be roughly divided into: 1) Listing projects that users need, projects with users and traffic. In the dispute between big and small neiro, it is also because of the criticism of the community that we are more reflecting on what is a good MEME. If the essence of the MEME community is another "anti-Wall Street movement", then the tokens are highly concentrated, the price has been pumped up, and the bubble is unknown when the MEME is still MEME? Or is it a Ponzi wearing a MEME coat? So we listed several MEME projects with relatively decentralized tokens and low market value. There are more than a dozen projects screened in the early stage, and many of them fell due to compliance review and token concentration. 2) Listing projects that have lived for a long time. At the beginning of the last two cycles, some traditional VCs began to enter the crypto in a big way, frequently making investments and being generous. Then everyone found that the projects with a little bit of appearance in the industry were rising. After the project parties received valuations of hundreds of millions or even billions of dollars from the VC side, they had a lot of money in their hands to try and make mistakes and adjust their directions. The grand occasion of Matic's infrastructure projects that sold coins at a low valuation is gone forever. With a large amount of cash in hand, who is willing to lower their valuations of billions of dollars to sell their own coins for tens of millions of dollars? Many people would say that this shows that Binance is losing its voice. Yes, of course, there is no absolute voice. This is precisely the characteristic of the decentralization of the industry, and it is the result of the joint action of financial professional players and the rise of DEFI, and both of them are the key to bringing the industry to the next level. 3) Projects with solid business logic. In the past ten years, I often heard a statement: "Crypto projects do not need business models. Once there is a business model, the valuation can be calculated." But I think that whether it is Web2 or Web3, the essence of entrepreneurship is to create something that the world needs, and naturally someone will pay for it. Whether the customer is B-end or C-end, the financing method will change, but the essence of entrepreneurship will not change. Because we like projects with solid business models and revenue, we hope that the team is reliable, they have entrepreneurial potential, and can take responsibility. We also hope that your valuation is not too high and that you can take care of the community to grow together. We hope that you can empower tokens, because if you stand with your users, your users will stand with you.
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