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Author Topic: Do you think quality of tokens getting listed on Binance has went down?  (Read 5289 times)

Offline Findingnemo

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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #15 on: September 20, 2024, 11:00:49 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #15 on: September 20, 2024, 11:00:49 PM »

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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #16 on: September 24, 2024, 01:44:40 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #16 on: September 24, 2024, 01:44:40 PM »

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Offline Jating

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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #17 on: October 02, 2024, 03:51:03 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #18 on: October 06, 2024, 06:53:52 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #19 on: October 08, 2024, 04:24:46 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #20 on: October 10, 2024, 06:37:50 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #21 on: October 10, 2024, 06:53:35 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #21 on: October 10, 2024, 06:53:35 PM »


Offline Stompix

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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #22 on: October 11, 2024, 09:31:38 AM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #23 on: October 11, 2024, 11:49:57 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #24 on: October 12, 2024, 06:03:05 AM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #25 on: October 12, 2024, 05:14:45 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #26 on: October 13, 2024, 07:28:20 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #27 on: November 01, 2024, 06:00:21 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #28 on: November 02, 2024, 10:34:25 PM »
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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Re: Do you think quality of tokens getting listed on Binance has went down?
« Reply #29 on: November 03, 2024, 09:16:54 AM »
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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