Binance exchange, which continues on its way with firm steps despite the lawsuit filed by the US Department of Justice and the $4.3 billion fine paid, made an important statement. “Contact us,” the exchange said, calling on small and medium-sized projects to list new coins.
“We would like to invite such high-quality teams and projects to apply for our listing programs”
In the exchange’s statement, it was stated that Binance wants to connect with quality but small-medium-sized projects and said:
“To foster a healthy industry with a variety of market participants, including projects with lower to medium valuations, Binance is taking the lead to engage small to medium projects. We would like to invite such high-quality teams and projects to apply for our listing programs, including direct listing, Launchpools, Megadrops, and more. We hope to enhance the development of the blockchain ecosystem through our support to small and medium sized projects with strong fundamentals, an organic community base, a sustainable business model, and a dedicated team acting as responsible industry participants.”
What is required?
The statement also detailed the criteria for applications for the listings:
- Projects from all sectors can apply.
- Small to mid-sized projects with a much lower market capitalization than large projects within the industry can be included in the listing.
- The majority of the token distribution should be reserved for the community.
- Much fewer tokens should be allocated to non-community users.
- The technology or design of the project must be innovative.
- The user base must be organic.
- There should be substantial user growth.