Demands and game between Binance and TON Foundation

09-20

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On the occasion of the launch of $CATI, let’s talk about the needs and game between the TON Foundation and Binance, as well as the corresponding wealth opportunities.

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What are the needs of both parties?

Make money (Binance also has a core need $BNB ).

1/ TON Foundation

In order for the TON Foundation to make money, it needs to raise the price of the currency, and Binance's profits come from user fees and token lists.

In the current market, the most critical factor for currency prices is market attention.

Let's take Solana as an example. Solana has attracted a large number of users and liquidity into the ecosystem through the wealth effect of memecoin, making $SOL more popular than other Layer1. With high market attention, better fundamental data will make market participants more confident in holding the target and more willing to participate in the relevant ecosystem. This is a positive feedback loop.

Based on past experience, TON can only take this path. The TON Foundation also does this.

In short, people will only come to play if there is money to be made.

However, TON changed the idea of memecoin hype into Telegram games (others can’t learn this, TON has a big tree to lean on for shade). Compared with memecoin hype, Telegram games are more user-friendly, many games are free to play, and the risk of losing money is lower.

The wealth effect of ecological tokens comes from listing on exchanges. Listing on Binance is definitely the best choice for the TON Foundation. This is why $TON spot$NOT $DOGS $CATI $HMSTR was listed. In order to achieve these cooperations, the TON Foundation must have made a lot of efforts (my personal speculation).

Only by listing on Binance can more users participate in the TON ecosystem. For the TON blockchain, TVL is not the most important thing, the most important thing is the user's expectation of wealth opportunities.

Anticipation drives behavior.

After more projects are listed on Binance, the TON Foundation will have the opportunity to implement more plans, such as paying for small games, to cultivate user stickiness and payment habits. We can see this trend change in the airdrop of $CATI.

2/ Binance

Binance’s core need is also to make money, as well as the $BNB just added above.

In addition to providing a large number of rewards to Binance users (SuperEarn, IEO), the TON Foundation can also attract many new users to Binance.

For Telegram mini-game participants, due to the high participation threshold of the TON blockchain, more users prefer to send the airdropped tokens of mini-games directly to exchange accounts for cashing out. If Binance launches the corresponding token, most people will send the token to the Binance trading account. Because Binance is the place with the best market liquidity at present.

The return of old users and the joining of new users will bring higher profit expectations to Binance.

The same is true for the listing of memecoin today. The core of the exchange's operation is still the users.

To retain users, sufficient wealth effect is required.

3/ Last

An interesting point here is that Binance has been frequently listing tokens (mostly contracts) in the past two months. This operation is very similar to that in August, September, and October last year. If we are to look for the sword on the boat, we should be more optimistic about the market in Q4 this year.

As for where the opportunities are, I have personally made a very clear explanation above - think clearly about the needs of the TON Foundation and follow the trend.

(Individuals have positions and interests involved)

Finally, I would like to give a small advertisement to my paid group. Currently, there are about 450 people in it. It is jointly operated by me and Mantou. I mainly do investment research and fundamentals, and Mantou mainly looks at secondary + On-Chain meme related. We both look at Alpha content. The price is 3SOL/year.

TG Channel (previous market views are shared here): https://t.me/SleepinRain

Reading list: https://docs.google.com/spreadsheets/d/1JSmI-YDvbdxXJ1Tud2sK8mly33zh1VmcH8i5wUgSYs0/edit?usp=sharing

High-quality CT information flow: https://x.com/i/lists/1795371206344130752

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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