Zhao Changpeng can’t stand the controversial Binance currency listing group?

Author: 1912212.eth, Foresight News

Recently, the overall market has fluctuated and continued to decline, and the MEME craze seems to gradually fade, but the meme coin TST on BNB Chain suddenly became popular.

On February 6, the market value of the TST was only US$500,000. On February 9, Binance announced its launch, and TST immediately soared to exceed US$500 million, and it rose by more than 100 times in 3 days. At present, TST has fallen from its highest point of $0.52 to around $0.17, with a retracement of more than 60%.

Originated from an educational video

Recently, the BNB Chain team created a video tutorial on publishing memes on the Four.meme platform. The video uses token TST as an example as a display. This detail was discovered and promoted by the savvy Chinese community KOL and soon welcomed. A significant increase.

After learning about the hype, the BNB Chain team quickly deleted the private key of the creator's address (0.13% of the total token held), and no one in its team, and Binance itself, held the token. Zhao Changpeng also kept clarifying on his tweets that it had nothing to do with himself and the team. Perhaps because of its "decentralized" characteristics, the statement did not cause the TST currency price to fall, but instead ushered in a hype climax again due to its popularity and voice.

However, just after it officially launched Binance, TST did not get out of the curse of "resuming falling when logging on Binance", and soon fell all the way. Another BNB Chain Ecological Memes launched with CHEEMS also couldn't escape the bad luck, falling from a maximum of US$0.001884 to US$0.0007.

After TST launched Binance, the smart whale chose to make profits and take profits. However, as the new currency launched by Binance once again ushered in a sharp drop, the crypto community once again questioned Binance's listing level and whether the BNB Chain ecosystem could take off.

Wealth effect is depressed, and the community refuses to pay for BSC

As a leading exchange in the crypto industry, Binance has won applause from the market in the past cycle with its strong wealth effect and currency listing effect. Nowadays, VC coins on exchanges are no longer popular in the market and are generally facing a survival crisis. On-chain meme coins have become a wealth holy place for users to rush.

This phenomenon causes altcoins on exchanges to generally rise weakly and are extremely fierce when they fall. Except for mainstream currencies, most counterfeits have experienced huge pullbacks in the past two months. The meme currency has also declined for a period of time after Trump's concept currency.

Binance is in a dilemma in its strategy of spot stocks. Tokens with higher market value often have low returns, and currency with too small market value is too high. The huge rise and fall may cause heavy losses to many investors. . In addition, since Binance has expanded globally, it has also been plagued by compliance issues, affecting the promotion of many businesses.

He Yi once said that Binance has a complex review process for listing coins, but TST, which was launched immediately this time, logged on to Binance in just a few days after its birth, which caused some community members to question: Does Binance really have detailed review? Or to support the BNB Chain ecosystem, a fast channel is chosen.

The BNB Chain that I can't help

CZ has been no longer allowed to participate in Binance's daily operations under the law since she was released from prison last year. As an influential figure in the industry, the scope of it can be covered is still quite wide. For example, the investment business and its public chain ecosystem. At present, Binance Labs has been officially renamed YZi Labs and transformed into a large family office. The investment scope has ranged from cryptocurrency expansion to AI and biotechnology. In its official announcement, It said that CZ will continue to play a key role in home investment activities, contact entrepreneurs directly and provide guidance.

In addition, the ecological progress on BNB Chain has also attracted much attention from CZ. Recently, Binance Labs has invested in its ecosystem to re-polize Kernel and DEX project THENA. The re-pled craze has not started again, and the trend of THE coin price shows that the community has not bought it, and the coin price has fallen from a maximum of US$4.18 to US$0.47. Another ecological project, CAKE, has recently fallen to around US$1.6, not far from the historical low of US$1.05.

Behind the crisis, BNB Chain launched an AI proxy solution this year and entered GMGN with the meme launch platform Four.meme, trying to catch the wave of memes and AI proxy. The embarrassment is that it is slow to react, and it is just a big market turn. fall.

BNB Chain performed well in the previous round, but this round was mediocre, and it could even be said to be far behind. The ecological project performed mediocrely, and the meme ecology did not improve. Compared with Solana and Base chains, the trend has declined significantly. As of January 30 this year, the number of daily active addresses on Solana network is 6 times that of BNB Chain, and even the number of daily active addresses of L2 rookie Base surpassed that of BNB Chain. About a year ago, the number of daily active addresses of BNB Chain 2 times that of Solana.

The ecological commission is sluggish and the wealth effect is scarce. As a storefront, CZ can no longer sit still.

On February 7, CZ launched the vote on "Whether BNB Chain should try to eliminate or actively reduce MEV issues" and said, "I hate any type of preemptive transaction, and MEV is like this behavior to me. In a In a decentralized world, no one can stop it completely. But there is still a way to reduce it."

Then CZ responded and forwarded TST-related issues and expressed his opinions on Twitter. TST's popularity soared rapidly in a short period of time, and some smart addresses bought early on made a lot of profits.

Following the meme, CZ once again talked about the issue of listing that the community is more concerned about. "As an observer, I think Binance's listing process has some problems. The platform first releases an announcement, and then goes online 4 hours later. Although the notification period is It is necessary, but during these 4 hours, the token price will be pushed up on DEX and someone will sell it on CEX."

In this regard, community members suggested that CEX can take measures such as providing initial liquidity, incentive liquidity plans, and docking with DEX liquidity pools to optimize the currency listing process. In response to netizens' suggestions, CZ said, "I think CEX should be automatically listed (almost) all tokens like DEX, but I am no longer responsible for operating CEX.

summary

If CEX really automatically launches almost all tokens like DEX, the CEX product positioning, coin listing effect, etc. involved will have a big question mark. CZ has frequently posted on Twitter recently involving issues such as BNB Chain and listing of coins, of course, in order to respond to community concerns, but judging from the current performance of some representatives, the results have been very little.

Perhaps the root of the problem is far more than Binance itself, but more deep-seated issues involving the entire crypto industry: crypto nihilism, one meme after another, lack of industry innovation, and selling coins has become the main business of the project party... …