CZ: Token Listing on Binance is a Purchase Channel Only, Not Responsible for Token Performance

BlockBeats News, January 31st, Binance founder CZ spoke in an AMA response to recent market FUD, saying:

「I don't think qualifying for 'Alpha' status is very meaningful in itself, the listing standards for spot trading will be much stricter. Of course, from a different perspective, if Binance's Alpha channel does not provide this (early project) access path, then Binance is likely to lose users, and users will have to go elsewhere to have more exposure to the DeFi ecosystem. Therefore, Binance has solved this problem through this method (referring to Alpha).

And the external complaints are that, due to the large number of projects launched on Binance, some high-quality tokens, so-called 'gold' tokens, may lack liquidity. But this is actually a misunderstanding. Just because a token is launched on the blockchain, on the DeFi network, does not mean you have to buy it. Likewise, just because Binance provides a purchase channel does not mean everyone has to buy. Good projects will naturally attract more buyers, while bad projects will naturally attract fewer. Therefore, many people tend to think that as long as the Binance platform supports or provides access to a certain token, Binance is responsible for the performance of that token. I think this understanding is a bit distorted.

Just as not every stock on the Nasdaq performs well, not every stock on any trading platform is guaranteed. The responsibility of a trading platform or market is to provide access channels. Doing research and making choices is still your own job. That's my view on this.」