CZ: The token listing on Binance only provides a buying channel and does not imply responsibility for the token's performance

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

「I don't think being granted 'Alpha' status is very significant 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 issue through this method (referring to Alpha).

Outside complaints stem from the fact that, due to the large number of projects listed on Binance, some high-quality tokens, so-called 'golden' tokens, may lack liquidity. But this is actually a misunderstanding. Just because a token is launched on the blockchain or in the DeFi network does not mean you have to buy it. Similarly, just because Binance offers a buying channel does not mean everyone has to buy. Good projects will naturally attract more buyers, and poor projects will naturally attract fewer buyers. Therefore, many tend to believe that as long as the Binance platform supports or provides access to a certain token, Binance is responsible for that token's performance. 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. Conducting research and making choices is still your own job. That's my opinion on this matter.」