Changpeng Zhao, co-founder of Binance, addressed the recent disruptions in the asset listing process on social media. He shared insights on the issues surrounding this process using a test token named TST, which was developed for educational purposes by the BNB ($841.88) Chain team. The related token gained attention through the use of the Four_meme launchpad aimed at creating memecoins.
CZ’s Listing Insights
Zhao noted that the transition from announcement to listing in Binance’s asset listing procedure is notably brief. During this short period, price increases were observed in decentralized markets, followed by sales on central platforms. He highlighted that sudden changes during transactions can lead to market fluctuations.
“The Binance listing process has some issues. An announcement is made, and within four hours, the listing happens. During this time, token prices rise on decentralized exchanges, followed by sales on centralized exchanges. Since I don’t have a concrete solution, I advise caution.” – Changpeng Zhao
Market and Token Impacts
Following the l...
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