Do you think quality of tokens getting listed on Binance has went down?

[libert19]

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?

[bitbit97]

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.

[dkbit98]

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.

[electronicash]

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.

[Rubel007]

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?

[PX-Z]

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.

[target]

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.

[rdluffy]

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

[hugeblack]

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.

[PX-Z]

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.

[Rikafip]

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.

[MrSpasybo]

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.

[Bobcrypto]

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.

[dkbit98]

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.

[Themepen]

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.