What is the standard for listing coins? How to protect the interests of IEO and retail investors? Does "Girlfriend Coin" really exist?
Finishing: Sunday
After 9 months since the pinnacle of Binance IEO, Stepn, Binance finally restarted IEO at the end of last year. However, it coincided with the bear market, and the performance of several IEO markets this year was not as good as previously expected, which caused some dissatisfaction in the community. The rumors of "Girlfriend Coin" are intensifying. In addition, Binance is one of the largest platforms in the industry. However, the new coins launched in the past six months are often under heavy selling pressure.
At the end of this week, He Yi, the co-founder of Binance, answered and responded to these questions and dissatisfaction of community users one by one on Twitter. Rhythm BlockBeats is organized as follows:
On June 4th, He Yixian made a unified response to recent market rumors and doubts in the community
1. Binance still cares about the wealth effect. You can count the projects that are listed on all platforms today, and see the percentage of each platform that fell below the price of the currency after listing. At present, our performance should be the best;
2. For the Launchpad project, the price we get for users is the lowest we can talk about, so users can basically earn money if they grab an IEO. But the price in the secondary market is not under our control. As for who buys cheap chips, who sells them early, Binance does not control, but the project party must unlock according to the announcement, and Binance will supervise;
3. Binance does not have any mouse warehouses, no relative coins, and no girlfriend coins; who do I need to take care of? I am already very busy looking after Binance. I came here to build a relationship before, but I didn’t manage to list coins on Binance, so I made up a few girlfriends and relatives jokes, isn’t it because I didn’t get listed on their project?
There are not many popular projects in the market. It is not uncommon to guess which hot spots are high. Project parties are now playing single-digit unlocking, which is beyond our control. People criticize Binance if it is not popular, and there is no warm-up project. If you don’t have cash in your hand, you will still criticize it. It’s not difficult to speak simply with data and make statistics from house to house.
4. Binance has small layoffs every 3 months, and big layoffs every 6 months. The number of bear market has doubled from last year to this year, and it will indeed do some elimination. The business will not be affected, but the efficiency will be higher. Thank you for your concern.
There was no Chinese communication channel for a long time before, and the Chinese public opinion trolls have posted more recently, and it is a familiar picture for 21 years, but the group is full of old friends, and it is still DYOR. Do your research and draw conclusions, thank you.
Response to user questions and questions in the community
Binance listing standards?
@web3xiaoba: Let me briefly summarize Yijie’s criteria for listing coins: don’t look at technology and innovation, only look at the wealth effect. To be honest, the Launchpad ’s issue price can only buy gods (and robots), and I can only wait for leeks to receive orders at the second level. Most of the time, they are jointly harvested by institutions and project parties.
He Yi: Is this called taking words out of context? What I replied was the wealth effect of everyone before, so I focused on the return on investment separately, and suggested that all platforms be pulled out for comparison. Technology and innovation are part of the evaluation system, but not all. No matter how sharp a knife is in the hands of thieves, it is only used for robbery.
@YourAirdropETH: Leaving aside education coins. For a project like Sei, which has only been established for one year, the test network is still unusable at all, but it can get the so-called 80 million financing. Can such a bad project be listed on Binance? Can you explain the relationship between Sei and Binance? What is the relationship between Multicoin, Jump and Binance?
He Yi: You see, there are many people who scold pepe for not being listed, and even more people scolding for being on pepe; many people think that Binance is stupid for not being listed on a certain project. Yes, there must be another circle of people calling Binance stupid; so Binance needs to find a balance point for listing coins. Everyone still needs DYOR to buy coins and invest, and use mathematics to calculate, instead of following the yelling and scolding, copying what others say, and being led into the ditch by others.
@YourAirdropETH: The secondary market has its own rules, but if the project itself has received so much criticism. Don't you think that Binance's strategy for selecting projects has gone wrong recently?
He Yi: In 2017, when Binance issued platform tokens for currency trading, there was a lot of criticism; sometimes it just looked at the direction a little earlier than the market found out. The listing on Binance is not decided by one person. The logic of listing on Binance is to take into account the needs of most users, but rumors and slander are more spread. Welcome everyone to pull out all the projects listed this year for analysis and comparison.
Not to mention that Sei has not yet issued coins and throws the pot to Binance. Even if they issue coins, the coin listing team will also look at Sei's community, data performance and user feedback. Every community has its own "value currency" standard, and even BTC is criticized by many people. The mood of the bear market is sluggish, which reminds me of 2019 and 2020, when the plates flew together, the patterns were rampant, and the exchanges were torn apart.
@Kareninyu: This logic is wrong, because the money you earn comes from these users, either you have a vision and take the correct regulatory route similar to Coinbase’s currency listing standards, but it may not be realistic at this stage; or cater to retail investors Like to list coins, according to the popularity of the community, it is true that many of these coins are air leek coins, but even so, these coins are selected by users themselves, and should not be selected based on your sphere of influence or preferences.
He Yi:
1) Whoever said that the listing on Coinbase is "orthodox", and you are welcome to compare the listing on Coinbase. According to the US regulatory logic, except for BTC and BTC 's forked coins, they are not "orthodox".
2) Binance makes money from users, so the underlying logic of Binance’s listing is to try to list projects that can live longer and bring returns to users. This is actually the gap between investment research capabilities and aesthetic differences. Which platform can last a long time? It is the core competitiveness of the platform to identify the appropriate currency project and timing, which platform users can live longer.
@Kareninyu: According to your logic, my investment research preferences are close to Coinbase, and your investment research preferences are close to the projects you launched. I really can’t refute this logic in the current currency circle; Binance itself is already a signboard, with market making The k-line of the existence of merchants does not look too bad after all; but in the end, the profit and loss of all retail investors together, and how much positive significance these projects have on encryption, there will always be a definite fact in the end.
He Yi: You don’t need to look at the current currency circle, you can start counting from the large number of altcoins on Coinbase. Which trading platform does not have a market maker? The established fact is that whoever is on the side of the user will achieve long-term success.
@RyanYeSan: If there is enthusiasm, Binance will also attend the meeting. I have not seen Binance's clear specifications or standard currency listing process. Shi’s technology up to now is like a dog gnawing. At the beginning, not all CEXs including Binance were listed.
He Yi: So, it’s a balance between quality and quantity. There are hundreds of coins on the platform, and you have to do your own research on what coins to buy, and don’t blindly follow the trend.
@BTCdayu: I have to emphasize again that Yijie and CZ are already financially free. They don’t care about making money through any project, so any reader should not judge with a small belly - this is just because Binance is still in 2019, allowing users to make money thinking. Can IEO users make money when these projects are listed? certainly. But why did the market’s evaluation of Binance decline? It is better to compare OKX. I can almost 100% predict the listing of OKX, such as which currency will be listed and which currency will not be listed - because I know that OKX's standards are absolutely neutral. What they care about is how the project is and whether it is worth listing. For example: Can pepe be on okx with this popularity? 100% up. At that time, I didn't think I could go to Binance, because according to Binance's logic, this kind of Pump and dump would hurt users-the subsequent surge also fell by 70% all the way.
He Yi: It’s a pity that it doesn’t 100% match your listing expectations. It’s just that many people complain that these single-digit unlocked tokens will be smashed when they go online. Binance can only check the token model. Unable to control the unlocking percentage, it has nothing to do with being controllable or uncontrollable, it has something to do with the token model and value model.
@who46504471: The token listing on Binance that you mentioned is ugly to say that it helps the project side cut retail investors (you can say that it is not intentional), but you earn the listing fee, and the project side earns it back from cutting retail investors. How did the project valuation come about? How many of them are real value valuations, with a market value of hundreds of millions or billions for retail investors to take over? When everyone has figured it out, your good days are coming to an end.
He Yi: Some small trading platforms do rely on listing fees to make a living, but Binance listing fees, are you talking about 2017? As far as a single project is concerned, there are many people who are not listed on some coins, and even more people are criticized when they are listed; many people think that Binance is stupid for not being listed on a certain project. Yes, there must be another circle of people who call Binance stupid; therefore, Binance needs to find a balance point for the currency listing, and there is really no way to be responsible for the performance of each project. Everyone still needs DYOR to buy coins and invest.
@fengxiao57131: Binance’s currency, once listed, has a market value of tens to tens of billions, isn’t it a bit too much? Old Binance users from 2017,
He Yi: At present, a large number of projects come from the last bull market, and are generally overly sought after by capital; therefore, the price of IEO projects on Binance is generally lower than the price of the previous round of capital investment; if the project is directly listed, the price is often based on the market price given by the user , We also feel that the market value is very unreasonable.
Sources of the above content
https://twitter.com/heyibinance/status/1665283110479486976
https://twitter.com/heyibinance/status/1665331086342094850
Girlfriends sector & market share doubts
@7thAnthony: The trading platform has a formal and orderly listing process; is it not good to have transparent and standard listing requirements? A project on the same track, a project with high popularity, no relationship, and uncompromising "kidnapping" of the exchange's listing on the exchange, and a project with no popularity but only relationships, which one is better for users? I'm not fud Binance, but all trading platforms have problems with listing coins.
Hook, no reason. A Gamefi platform with almost zero community activity. At that time, when Binance Launchpad , the DC daily activity was small, and the Twitter account was newly registered, with almost no fans. How did this kind of project get attention from Binance? There is no innovation, no popularity, and the current data is brought to him by Binance. What is the inside story of the Hook project? As far as I know, hook is indeed a girlfriend/relative project. Sorry I can't tell the source.
He Yi: For any project, there will be projects pushed by other people who are rejected. Some people with high attention in the stock market will scold: the project party is either technically stupid, or prevents excessive witches, or does not give AirDrop, or unlocks a single position Number, if it is not a ghost town, then Binance is stupid x; the projects in the incremental market are "relationship households", I have never heard of it, I don’t know, so Binance is stupid x; the so-called source of information is only where the butt is, whether I have a vested interest By.
@7thAnthony: My source of information is "Xiaomei" who has a close relationship with you. I will not say anything similar to "I heard..." in public. If I don't respond positively to your relationship with the Hook project, I will reveal more inside stories.
He Yi: Exposure is welcome. I don’t have any girlfriends, but there are many friends who claim to be my girlfriends, relatives, and CZ friends who are extremely active in the market. They use this to get investment quotas, or to be listed on Binance’s “managers” and “girlfriends” ;As for why some people believe it, of course it is inseparable from everyone's contribution? Please scold her directly next time.
Sources of the above content
https://twitter.com/heyibinance/status/1665326949827325954
@RobertWeb3Miner: After you became a leader in the Binance market, the market share has been declining all the way, which is a strong proof.
He Yi: I invested in Binance in 2017, and my market share has never fallen. I have more tricks than your FUD along the way. Keep your head down and do things, and be a man.
@RobertWeb3Miner: Deliver the trading platform system that was sold to us in 2017. After receiving the money, the system will not be delivered. Don’t do anything if you cheat money. Otherwise, the fire of your former colleague Justin Sun must be the destination of Binance led by you.
He Yi: Who did you contact to buy the trading system, and give me the payment record; I don’t know which exchange you belong to, but I haven’t received your money. I can check if Binance has received it. Lord; you can private message. It seems that you are also a member of the old currency circle, and you are full of resentment when you open your mouth. It seems that your luck is not good. It is recommended to curse others less, because it will backfire on yourself; and Justin Sun is not my ex-colleague, thank you!
Sources of the above content
https://twitter.com/heyibinance/status/1665307653759795200
About IEO and user benefits
@qkldaliang: Binance is the only big one, and has formed the habit of bullying customers. Binance IEO should have a dedicated Binance project development team, which is produced in an assembly line, and the development is a bit like Tencent games. In the early days, it was mainly acquisitions, and after the monopoly, it was mainly self-development. In addition, let me focus on IEO. What you describe is to protect the interests of users. To be correct, it is to protect the interests of long-term holders of BNB . Compared with those who did not hold BNB , or bought BNB to participate in IDO at that time, there is basically no profit. Word.
He Yi: IEO and Pool are the benefits of Binance users. Binance users can get initial offerings/early Tokens at a lower than market cost/free of charge. Users with BNB holdings who have made profits may know better, and there is also a large amount of online data that can be used as evidence. Since these projects are based on Binance for the first time, the team’s tokens will be more closely watched after the tokens are unlocked and listed on Binance. These projects are not controlled by Binance, nor are they operated and maintained by Binance, so you don’t have to imagine a business war. Binance has the best project resources in the currency circle. Once it is not enough, it will become the leader by itself, so what everyone feels is that Binance is uncontrollable.
@btcpiggy: In fact, the problem of small coins on Binance has been serious recently. You can see the ID on your exchange, the big v collectively called for orders, retail investors were cut off, and the project party organized it. ARPA plummeted. EDU opened AMA short-term plunge. Lina, I can understand, and the adjustments you made later are also very good. But the first three coins, can you explain? Is it possible to take off the shelves for malicious transactions or leek cutting by the project party?
He Yi: LPD project wallets and market maker accounts are monitored. LPD project tokens currently require multi-party custody of project tokens as part of mutual supervision.
@btcoldermnx: I believe you , the BNX and EDU I bought are all cut off.
He Yi:
1) Believe me, I started buying BNB in 2017, and I have said many times that Binance only recognizes BNB;
2) The comment on BNX is that BNX received JEX in 21 years. I advise you to hold JEX in early 2017 to exchange for BNX. From DeFi Summer BNX3, 4 US dollars rose to a maximum of 200 US dollars, and fell after the split;
3) The price of Binance IEO projects is generally lower than the financing price of capital parties, which is a benefit for Binance users; I reiterate, but I will not give any platform to projects other than BNB , please DYOR
Sources of the above content
https://twitter.com/heyibinance/status/1665277339209433088
https://twitter.com/heyibinance/status/1665310067606925315
Products & Others
@Bono47280966: Can you improve the intercommunication channel between web3 wallet and Binance, add Multichain, and make it more convenient for the exchange to transfer money to the blockchain?
He Yi: Yes, very good suggestion. Currently, the Binance web3 wallet is in the testing phase, and it continues to add Multichain. Thank you for your support.
@ccksbhaha: First sister, I was on the leader of the Arb ecology before GMX, can this wave of ZKS ecology be the leader sooner? I don't want to be a catcher anymore.
He Yi: So, some people still remember that ARB was brought up by the Binance listing this year?
@TooLooGAS: After going through some things, I feel that I can no longer dictate to some people or companies. I just ask objectively, will the future value of EDU and HOOK be positively reflected? How can ordinary people learn useful things from it, or what is its future significance for us? (I'm not asking about currency prices)
He Yi: Pay attention to the regular updates and business reports of the project party. The essence of Hook is an advertising platform. EDU depends on whether the income and user data of Tinytap are healthy. Finally, it depends on whether these two projects can make the users and income of non-currency circles more stable. Speaking of which, the currency circle is currently in a bear market. If the project party cuts leeks and the users are completely involved, the industry will only get smaller and smaller.
