According to ChainCatcher, in response to the discussion on Binance's voting mechanism for listing coins, which was implemented in 2017, CZ, the founder of Binance, replied, "The voting was good at first. But later it tended to split the community, causing project teams to attack each other. It felt like PVP. Preventing cheating also became increasingly difficult over time. We need to keep changing the new model. Occasionally, it's still possible to do it."
CZ: The voting mechanism for listing coins works well in the early stages, but long-term development will tear the community apart and trigger mutual attacks
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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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