Gate One: Meme Listing on Binance Aims to Strike a Dynamic Balance Between "Sufficient Trading Pairs" and "Platform Risk Control"

BlockBeats News, December 3rd, Binance Co-CEO He Yi discussed "Binance's Plan in the Meme Coin Space" in today's interview, stating, "From the perspective of the exchange platform, I do not want everyone to focus on my Twitter to launch a new Meme coin. This would put a lot of pressure on me. Casual memes could potentially turn into tokens. When they rise, everyone is happy, but when they fall, there will be blame. Sometimes this restricts expression. However, ultimately, everyone does not care who issues the Meme, or whether it is called He Yi, a dog, or a pig. What is truly needed is just an emotionally driven tradable asset."

"From Binance's perspective, of course, we hope that every token listed will rise, and we also hope that they never fall. But this is not realistic. Binance will try to communicate with the project team as much as possible, such as whether the Token Generation Event (TGE) pricing can be lowered, or whether an additional portion can be taken to provide airdrops to users. As a result, some project teams have said that Binance is 'greedy' for requiring so many coins for airdrops, ultimately leading to rumors of 'sky-high listing fees.'"

"Some memes almost have no fundamentals, and it is personally judged that they will fall sooner or later, but users are willing to buy and trade them. If Binance completely fails to meet this demand, it will lose market share and can only make a dynamic balance between 'providing users with enough trading assets' and 'the platform's risk control requirements.' This is an ongoing game in itself."