Changpeng Zhao, one of the founding partners of Binance, touched upon the problems in Binance’s asset listing process on the social media platform. Zhao shared the problems in the process with the public through the test token of TST, which was prepared by the BNB Chain team for instructive purposes. The relevant token came to the fore with the use of Four_meme launchpad for the formation of memecoin.
CZ Listing Description
Zhao, Binance’s asset listing procedure from the announcement to list is quite short, he said. In this short period of time, price increases were observed in decentralized markets, and then the sales began on central platforms, he said. Sudden changes in transactions cause fluctuations in the market, he said.
“The Binance Listing process is a bit problematic. The announcement is made and the listing is made within four hours. During this time, token prices are rising in non -decentralized stock exchanges and then sales are realized in central exchanges. I say be careful because I have no clear suggestion about the solution. ” – Changpeng Zhao
Market and Token Effects
After the list of TST token, sudden price fluctuations were observed in the markets. Zhao, while evaluating the effects of sudden process and sudden increases in the token, this situation may pose a risk for investors. Opinions were revealed that it may be useful to keep the prior to the prior to listing process.
Zhao said that he did not support the TST list, but this did not take a negative attitude towards Tokena. He added that he did not include sports cars, art collections or NFT among his own investment preferences, but there was no opposition to these assets.
Zhao, former Binance CEO, was sentenced to the United States for violating the laws of fighting money laundering after leaving his post in November 2023. This process brought about Binance’s discussions that set an example to the sector in the listing procedure.
In line with the comments, it is recommended that investors be careful against sudden fluctuations in the market, while Binance’s discussions on the listing process are in progress.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
