Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: libert19 on September 16, 2024, 01:15:25 PM
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
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I can say that indeed the quality of listed projects in launchpad has gone down. All those meme coins aint going to bring anything good. Wait till SEC decides to regulate meme-coins... If they really decides to do that, it would turn into huge problems for market. It seems that listing department is accepting everything that is trendy and pays. Dont think this is right for top1 exchange.
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Do you think Binance's listing quality has went down OR are you fine with these listings?
You can't expect any exchanges to list good new coins when they are simply not released anymore.
Most altcoins are crap anyway and they will die sooner or later, but I think Binance lost their compass after CZ was arrested and punished by US government.
I don't use Binance for a while so I don't care what they are doing so much.
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aren't the developers paying binance to list their tokens? so if a memecoin paid a large sum to make it to the biggest market, the team really is determined to make the project available for all. we may not know what their plans in the long run but i guess binance also have to do their job to warn the traders in their platform as to what is going on to the market of a token.
can't say all the listing is up to binance. as to this day its still a mystery why they are not listing TON in the spot market.
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The trust that the common people had in Binance is slowly starting to decrease. Many investors are losing their wealth due to listing of low quality tokens and those tokens are unusable in the long term. Here Binance has taken utmost care to warn their users to trade some tokens but I think that is a strategy to avoid their liability. They should refrain from listing low quality tokens. Previously the tokens were well monitored by Binance Labs but as of now it seems that lab is not functioning well or are they giving the highest priority in the business to survive in the market?
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It's simple on a business perspective, the more coins listed, the more new users, the more the income. In anyway, they can delist them later on once the users and trade decline for certain point.
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It's simple on a business perspective, the more coins listed, the more new users, the more the income. In anyway, they can delist them later on once the users and trade decline for certain point.
Whenever this happen you can only expect price of the coin to be so low for as long as it lives as it will only be paired to USDT. I have several of these tokens before when the price hits $0.05 I already sold them, it seems like the price only spikes at the bull market peak.
You will need to wait for another 4 years to see the price up again.
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If there are a large number of potential users who will trade the coin, Binance will certainly list them
Especially since most devs give part of their tokens to Binance to launch
Then Binance regularly eliminates coins that no longer have any trading volume
I find it hard to blame the “quality” of the coins, since even another "better" coins also end up suffering from competition or abandonment by the community and will not be of any use, just like most meme coins
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Binance lists the tokens that will earn the most. If the #DevelopmentTeam gives Binance 20% or more of the total supply and there is hype around the project, Binance will be happy to list the token no matter how bad it is or the project’s pumping will collapse. Therefore, the priority will always be profits and hype around the project more than protecting user deposits.
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Whenever this happen you can only expect price of the coin to be so low for as long as it lives as it will only be paired to USDT. I have several of these tokens before when the price hits $0.05 I already sold them, it seems like the price only spikes at the bull market peak.
You will need to wait for another 4 years to see the price up again.
For a new coin listed, this is somewhat reasonable and most coins came from that price, just increase once the demand booms. It's actually rare to see new coin to have decent price right after it got listed.
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I might be wrong here as I am not that much into altcoin scene, but my impression is that Binance was always listing tokencs/coins that were popular, no matter how dodgy they are actually are.
Having said that, that's not something that their competition is not doing as well, like for example who i think actually lowered their standards, probably in order to compete with the others.
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The trust that the common people had in Binance is slowly starting to decrease. Many investors are losing their wealth due to listing of low quality tokens and those tokens are unusable in the long term. Here Binance has taken utmost care to warn their users to trade some tokens but I think that is a strategy to avoid their liability. They should refrain from listing low quality tokens. Previously the tokens were well monitored by Binance Labs but as of now it seems that lab is not functioning well or are they giving the highest priority in the business to survive in the market?
Well, I don't think things are as serious as they seem, even though many tokens listed on Binance recently haven't had impressive price increases like in the bullrun 2021. There are many reasons to explain this.
1. CZ is no longer the CEO of Binance and can't help promote Binance and the latest IEOs.
2. Bitseason is ongoing, and most ALTs are not receiving inflows, including new tokens on Binance.
3. Binance has more IEOs than before, as a result, no project has become truly outstanding to attract investor attention.
At the same time, Binance Labs has left Binance to operate independently, but I still have faith in their assessments and investments in potential tokens in the market, including new tokens on Binance.
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I can say that indeed the quality of listed projects in launchpad has gone down. All those meme coins aint going to bring anything good. Wait till SEC decides to regulate meme-coins... If they really decides to do that, it would turn into huge problems for market. It seems that listing department is accepting everything that is trendy and pays. Dont think this is right for top1 exchange.
Meme coins brings fun, happiness, and great rewards when you trade or invest on them. It is a known facts that meme coins are without usercase or value but it has some excitements that makes the difference from other projects out there.
I don't think SEC we go after Meme coins because they don't poss any security risk to any persons or countries, they are just for fun and nothing more.
Exchange listing department does not list any coin because they are trending, these meme coins generate a lot of Hype on social networks before they even listed on exchanges.
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It's simple on a business perspective, the more coins listed, the more new users, the more the income. In anyway, they can delist them later on once the users and trade decline for certain point.
They delisted a bunch of coins and some of them didn't deserve that, like Monero for example.
But with this practices they didn't hurt monero, they actually helped development of more decentralized and non-kyc exchanges.
If CZ was really a good guy he would start building a real dex long time ago.
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Binance is losing trust because investors are losing money on bad tokens. Warnings are not enough Binance should only allow good tokens. They should prioritize user safety over making money. Binance used to carefully check tokens but not anymore. To regain trust Binance needs to be more careful open and honest and put users first.
Basically I don't like these coins and the reason is that they have no use case in the real life. Like NOT coin gave a tap to earn scenario. Like we have seen before walk to earn. Run to earn. Play to earn. And many more. So there are many and also coming more. The coin or token will survive which have a use case. Otherwise these tokens will lose our money.
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Binance is losing trust because investors are losing money on bad tokens. Warnings are not enough Binance should only allow good tokens. They should prioritize user safety over making money.
Any business is concerned about making profits and everything else is secondary for them so users are the one needs to be responsible for choosing their tokens for trading and they are not forcing people to buy new tokens its the users who get crazy hyped when they see a new token listed on Binance and went all it. Because no matter how good the token is in terms of utility it will get dumped from the early investors to make their profits so it's hard for every potential project to revive from that situation.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
The quality of their listing has actually gone down. Before now, binance do not list a coin less than $500m market cap but we have seen many coins been listed on binance without listing at that market cap. I feel they’re now concentrated on quantity over quality. The money they lost to SEC when CZ was arrested for compensation have really caused them a lot. This amongst the reason I fell they’re trying all means to get those money back and not minding listing any coin at any price. This has also provided them with many customers and that’s another aspect I feel they’re capitalizing on to list any project now.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
The quality of their listing has actually gone down. Before now, binance do not list a coin less than $500m market cap but we have seen many coins been listed on binance without listing at that market cap. I feel they’re now concentrated on quantity over quality. The money they lost to SEC when CZ was arrested for compensation have really caused them a lot. This amongst the reason I fell they’re trying all means to get those money back and not minding listing any coin at any price. This has also provided them with many customers and that’s another aspect I feel they’re capitalizing on to list any project now.
I think it's really the quality of the projects that really went down, of course Binance is a business enterprise and I do think that they will continue to accept any listing as long as it satisfies their rules and definitely if they can pay the money itself.
I'm disagree though about the money or supposedly money on the lawsuit. CZ is no longer at the top of Binance and he could have a lot of money at his disposal. So they will continue or had continue without CZ, when he was in jail and so they will continue even when he is out and still making tons of money as top tier crypto exchange.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
Sorry, what you wrote is MEME coin, isn't that right?
As far as I know, this Meme coin was created just for fun and there is no intention to improve or increase its quality because the Meme token is just for fun. There is no compulsion to buy Meme coins so everyone has the right to buy or sell them quickly.
If Binance lists the Meme coin, it seems that my assumption is because the marketcap/supporter/community of the Meme coin is very large and high, so trading on Binance is also very complex and large, this is what Binance expects so that Binance can take every trading fee with a lot of Meme coins. Cmiiw
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
Binance always listed basically every token, no matter the quality of the project.
This is how they grow big.
I remember using binance in 2017 to buy some coins which were only sold there...
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Binance always listed basically every token, no matter the quality of the project.
People keep forgetting that exchanges are businesses and they care mainly about the profit. And if you want to be picky, chances are that other exchanges will take part of your customers.
Coinbase used to be picky in the past, and now they are listing all kind of shitcoins as long as there is a demand.
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Binance always listed basically every token, no matter the quality of the project.
People keep forgetting that exchanges are businesses and they care mainly about the profit. And if you want to be picky, chances are that other exchanges will take part of your customers.
Coinbase used to be picky in the past, and now they are listing all kind of shitcoins as long as there is a demand.
Coinbase also listed BCH and was responsible for a lot of price manipulation in that btc fork drama.
I think being listed in big exchanges doesn't prove that the project is good or reliable... they are just after money, they will list any coin with potential trade volume
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Binance has gained much of its popularity by listing first some tokens that were much sought after, they were listing shady or crappy tokens all the time, it's just that what was considered bad in those times could be said it's gold compared to the crap we have now been added. And yes, the quality dropped like a stone and will continue to drop, Biannce makes money out of trades not out of the value of those coins, they are interested in making people buy and sell not anythign else.
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Binance has gained much of its popularity by listing first some tokens that were much sought after, they were listing shady or crappy tokens all the time, it's just that what was considered bad in those times could be said it's gold compared to the crap we have now been added. And yes, the quality dropped like a stone and will continue to drop, Biannce makes money out of trades not out of the value of those coins, they are interested in making people buy and sell not anythign else.
In the early days of the industry, Binance stop out, worked their reputation out and millions and billions of people trusted them. Based on the gathered trust and reputation, they now had the liberty to do any fucking thing because their reputation got them covered. The standard has dropped and Binance can now list any token even the one you won't believe. Yet, their reputation is not shaken because they carefully built it.
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In the early days of the industry, Binance stop out, worked their reputation out and millions and billions of people trusted them.
Billions? ;D Never!
Binance didn't have that solid reputation either from the start, they gained users by being cheap and having no limits and no KYC, even when they started they had way more tokens than anyone else, compared to Bitstamp or Coinbase, this is how they build traffic and volume, by being the first to list tokens while others took months.
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Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
I will not say Binance's listing quality has went down and neither will I say they are listing quality coins. You can see the coins that they listed in the past that were pumped but later dumped and the coins are not interesting to people anymore. An example is filecoin that went up to $230 when Binance listed it and it went down to $2.5. The price of the coin is still below $4now. Altcoins are generally risky. Just gamble with them and dump them.
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I will not say Binance's listing quality has went down and neither will I say they are listing quality coins. You can see the coins that they listed in the past that were pumped but later dumped and the coins are not interesting to people anymore. An example is filecoin that went up to $230 when Binance listed it and it went down to $2.5. The price of the coin is still below $4now. Altcoins are generally risky. Just gamble with them and dump them.
We can assume that the crypto market sideways movement has caused many newly listed tokens on Binance to undergo corrections and price drops instead of experiencing the strong gains seen by other tokens listed during bullrun. Anyway, we are still in the pre-bullrun phase, and there is plenty of time to prove the success of the tokens listed on Binance.
Binance remains the top CEX that many tokens aim for. Being listed on Binance can be considered a significant achievement for a new project in the crypto market. After paying a $4B fine to the DOJ, Binance certainly needs more funds to grow, but I believe Binance still adheres to certain criteria when listing tokens because they also don't want to have too much junk on their platform.
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This year many bad tokens have been listed on top exchanges like binance where many investors have lost money. In fact, some new investors trust binance and rush to buy a new token causing them losses. I always like to do research as this will lead your investment to the best profit market. Binance is an exchange platform that will list any token in exchange for money. Also you can never blame binance as they will evade responsibility by showing different tricks. op mentioned a few tap to earn telegram game tokens that went down the river after listing on binance.
In fact all these projects distributed a lot of tokens as airdrops. Where millions of people participated so not everyone will hold. Since a lot of people got free money from these schemes so everyone will be excited to sell. But those who foolishly buy these tokens at high prices are getting big losses.
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For me to appropriately respond to this thread, i will go by saying yes, because binance were not as before, they now accept listing any small capital fund projects to be listed on their exchange in as much as they are able to meetup their conditions, which to many of us, they are trying to be more self centered than what their own customers stand to risk or lose after seeing such from their platform.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
Since the stepped down of their CEO CZ that is how Binance quality has drastically went low and judging from how strict binance is about their listing you would understand, but I can see that there may be other law implemented which is affecting binance entirely. But I can't questions their decision and action of having him resign from the CEO.
Dogs and hamster is a shitcoin and doesn't have the value and quality to be listed on Binance because it's mostly like a pump and dump coin.
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It all depends on their listing criterial, some of these tokens would have existed in some exchanges before coming to binance for listing, i don't really know why they will have to pass through this same process in most situations, many of these coins and token are on uniswap, mexc among others before finding their way through on binance, but as i have perceived already, their criterial for listing is what matters mostly.
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It all depends on their listing criterial, some of these tokens would have existed in some exchanges before coming to binance for listing, i don't really know why they will have to pass through this same process in most situations, many of these coins and token are on uniswap, mexc among others before finding their way through on binance, but as i have perceived already, their criterial for listing is what matters mostly.
Binance announced they're listing tokens from projects that have high quality and strong user demand. The best part? The listing fee could be $0 if Binance thinks it's a win-win situation :)
I've been keeping an eye on the projects they've been listing lately, and they look really promising. The teams behind them are solid, and they've got some great solutions for the market. I know the token prices haven't been going up as fast as we'd like, but that just means it's a great time to buy more. Once the market starts to go up again, we'll be glad we stocked up. So let's keep accumulating these tokens :)
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It all depends on their listing criterial, some of these tokens would have existed in some exchanges before coming to binance for listing, i don't really know why they will have to pass through this same process in most situations, many of these coins and token are on uniswap, mexc among others before finding their way through on binance, but as i have perceived already, their criterial for listing is what matters mostly.
Do not mind Binance. It is not just their criteria for listing. It is more about money. Binance has higher trading volume than those exchanges. This make the exchange to charge more before they can list any coin. This will discourage some coin developers and first prefer listing on these exchanges.
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Do you think Binance's listing quality has went down OR are you fine with these listings?
It should be that if the coin listed on Binance will increase in price quickly but lately that has not happened, maybe because the hype from Binance has disappeared or there are already many trading pairs for the coin, for example on various exchanges.
It could also be that the current era is not for Binance and maybe it will be different again because I noticed that Binance has not yet released the latest Launchpool so I cannot conclude this statement correctly.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
From an investor's perspective, they'll likely be satisfied as long as it keeps pumping after listing. That said, listing too many memecoins isn't great unless there's sustained hype around them for days.
Based on my observation, many users here on Altcointalks aren't interested in memecoins, cos it's risky as if you burning your money.
Anyways, I assume they know what they're doing. I do kind of wish CZ was still running things, he'd bring some fun energy to Binance and probably keep things steady.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
From an investor's perspective, they'll likely be satisfied as long as it keeps pumping after listing. That said, listing too many memecoins isn't great unless there's sustained hype around them for days.
Based on my observation, many users here on Altcointalks aren't interested in memecoins, cos it's risky as if you burning your money.
Anyways, I assume they know what they're doing. I do kind of wish CZ was still running things, he'd bring some fun energy to Binance and probably keep things steady.
Yes, looking at CZ's stance [1] on memecoins, he doesn't seem to be fan of them and maybe if he was still driving things on Binance, there could be more sanity in coins getting listed there.
[1] https://x.com/cz_binance/status/1861306581758976434
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Quality?? The number one thing right now is not quality, but how much profit a company can get when listing new tokens on its exchange... Binance is too confident that its company is a big subject that can change the quality of ordinary coins into extraordinary ones because there will be a big influence that can make the marketcap of newly listed coins on Binance grow significantly...
The concept is like casting a wide net, the more nets you cast, the more opportunities you have to get tokens that have great potential... remember, every new coin or token has potential, and Binance can be a great platform to promote new tokens and get big traffic.
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Do you think Binance's listing quality has went down OR are you fine with these listings?
It should be that if the coin listed on Binance will increase in price quickly but lately that has not happened, maybe because the hype from Binance has disappeared or there are already many trading pairs for the coin, for example on various exchanges.
It could also be that the current era is not for Binance and maybe it will be different again because I noticed that Binance has not yet released the latest Launchpool so I cannot conclude this statement correctly.
I have read up somewhere on some dev feedbacks about Binance on getting that a huge chunk size of overall total supply on which they do said out that the main dumpers is Binance itself. We cant be able to prove out but if thats the case then its not shocking that price of newly listed coins in the platform will really be having some dive in terms of price. This is why i have observed that when it comes to hype and interest about a certain coin getting listed on Binance is that not as high compared as on the years passed because of this kind of behavior on which we cant prove out but this could be true or not. WE do know that there are still that top tier exchange that we do have in the market that we can choose on.
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Binance seems to be capitalizing on userbases some tokens/coins have than looking at the quality of coin.
Examples: DOGS, HAMSTER, CATIZEN, BABYDOGE, TURBO, NEIRO
Do you think Binance's listing quality has went down OR are you fine with these listings?
After the departure of CZ from Binance, the new CEO of Binance is listing a lot of new coins on Binance. This is because they want to push their own token BNB. BNB or FDUSD stickers are rewarded in each Launchpool due to which BNB and FDUSD are in high demand during the Launchpool which helps to attract a large number of new investors for these coins. But what Binance is doing is reducing their reputation day by day. Earlier all the coins listed on Binance could be invested freely but now it is very scary to invest. Binance should stop such early listings
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After the departure of CZ from Binance, the new CEO of Binance is listing a lot of new coins on Binance. This is because they want to push their own token BNB. BNB or FDUSD stickers are rewarded in each Launchpool due to which BNB and FDUSD are in high demand during the Launchpool which helps to attract a large number of new investors for these coins. But what Binance is doing is reducing their reputation day by day. Earlier all the coins listed on Binance could be invested freely but now it is very scary to invest. Binance should stop such early listings
What do you think there is no control of CZ the ex official CEO of binance?
I don't think so may be so the legal issues he resign from the post of the CEO but his control over Binance may be still stayed over the current CEO.
And about the token listing they gain at that popularity that even they listing the shits coins it won't harm their system although in the middle of the time they will also have a good amount of profit. And about the listed coins there is also a way for them if the performance of that won't good they can delisted that also.
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After the departure of CZ from Binance, the new CEO of Binance is listing a lot of new coins on Binance. This is because they want to push their own token BNB. BNB or FDUSD stickers are rewarded in each Launchpool due to which BNB and FDUSD are in high demand during the Launchpool which helps to attract a large number of new investors for these coins. But what Binance is doing is reducing their reputation day by day. Earlier all the coins listed on Binance could be invested freely but now it is very scary to invest. Binance should stop such early listings
What do you mean it's scary to invest? Look at the history of BNB and the whole chart.
As you can see it's already reach the ATH and got the new ATH. So why would you afraid of BNB?
Most of traders trading on Binance exchange so I don't see any reasons on using Binance exchange.