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He Yi: Binance Alpha Doesn’t Ensure Listing on Binance
In a recent Twitter community space, Binance Co-founder He Yi addressed the misconceptions surrounding Binance Alpha’s role in ensuring listings on the primary Binance exchange. According to Yi, only a select few meme coins will survive, and many others will eventually return to zero. While this news may be disheartening for some memecoin projects, it is essential to understand that He Yi emphasized that being listed in Binance Alpha does not guarantee a full Binance listing.
Yi went on to clarify the risks associated with certain memecoin projects and how Binance Alpha aims to address these challenges. Furthermore, she highlighted the importance of focusing on the utility aspects of crypto tokens. According to her, “A project can only generate income and profit when it is beneficial to society, and its uses can be shared with users.”
It appears that some projects have been misinformed about Binance Alpha’s purpose. The clarification from He Yi comes amid concerns that the recent batch of memecoin projects listed in Binance Alpha will eventually end up being delisted or removed from the platform.
This development has sparked a heated debate within the crypto community, with many questioning the legitimacy of these new listings and their potential for success.
The uncertainty surrounding the future of these meme coins has led to considerable market volatility, with some investors and traders becoming increasingly cautious about investing in these types of assets.
It is crucial for project developers and stakeholders to understand that Binance Alpha does not guarantee a full listing on the main Binance exchange.
Source: http://www.cryptonewsz.com
