Do project support by CEX have impact on the price of a token?

[Kalustx]

Seeing projects like $KILO having gained momentum just days after listing made me look out for airdrops with support and backup from CEX.

Checking through, I saw this airdrop $STONE; an omnichain liquidity and staking protocol designed to optimize on-chain user experience, which spot live trade will be on the 3rd of April having millions of dollars support by Binance labs, polychain with bitget wallet being a kin supporter of the project since 2024 after the project developed 2023.

I’m yet to see Binance listing announcement, though bitget has already announced the listing of this token and to that fact, this would just be an early snip into this project..

Do you think project support is all that’s needed to make a gem?

[Amug123]

The $kilo project, with it omnichain,liquidity and staking protocol, has attracted a lot of attention,  for good reasons, the backing of reputable names like Binance labs polychain and Bitget wallet is undoubtedly a significant advantage, the fact that bitget has already announced the listing of the token, it's a positive sign. While having a strong project support is crucial, it's also not the only factor that determines a project success, a well designed token economy is essential for a long term sustainability and well underlying technology and innovation also plays vital role.