Binance Declares Project Listing Public Recruitment... Emphasizes Supporting Small and Medium-Sized Projects

Binance Declares Project Listing Public Recruitment... Emphasizes Supporting Small and Medium-Sized Projects

Binance put forth a public recruitment plan to list projects through its official website. In this regard, Binance stated, "The industry has witnessed a problem where tokens with low initial liquidity are issued at high prices in the last few months. We have also released a report on this issue. To promote a vibrant industry with diverse market participants, Binance will initially support small and medium-sized crypto projects. Therefore, we are conducting public recruitment for projects to support Binance listing projects, including direct listing, launch pool, and mega drop. We will strengthen our support for small and medium-sized cryptocurrency projects with strong fundamentals, an organic community base, a sustainable business model, and a sense of industrial responsibility." Binance outlined the criteria for projects eligible for this plan as follows: · Sector: All sectors · Valuation: Apply medium scale based on the benchmark of competing projects in the sector · Tokenomics: - Allocate a significant amount of rewards to the community, such as airdrops - Allocate an appropriate amount of circulation to the secondary market at Token Generation Event (TGE) - Reduce allocations for non-community users · Business & Product: - High-quality products that align with market demand - Self-sustaining business model - Possess a minimum viable product (MVP) - Preference for projects demonstrating technological and design innovation · Social engagement and community base: - Organic real user base - Sustainable user growth model · Compliance: Responsible market participants who value regulatory compliance