CZ: Individuals are not actually involved in any coin sharing work

On May 1st, it was reported that the founder of Binance, CZ, spoke on Twitter Space and stated that I am not personally involved in the process of uploading Binance coins. There are also many projects on Binance that I cannot understand, and the first standard for uploading coins is the number of users. We will look at Token economics, and we don’t like tokens with very small circulation. From the user’s perspective, there is no guarantee that any specific token can be listed on Binance, nor is there any guarantee that a certain token will not be listed. Binance has an independent team to evaluate Shangcoin.

CZ: Individuals are not actually involved in any coin sharing work

| Heading | Subheading |
|————————–|————————————————-|
| Introduction | A brief overview of CZ’s statement on Twitter Space |
| Binance and CZ | A background of Binance and its founder CZ |
| CZ’s statement | A detailed analysis of CZ’s statement on Token economics and Binance’s listing process |
| Token economics | An explanation of Token economics and its importance |
| Binance listing process | A detailed analysis of Binance’s listing process |
| Evaluation of Shangcoin | An overview of the independent team’s evaluation of Shangcoin |
| FAQs | Frequently Asked Questions about listing coins on Binance |
| Conclusion | A summary of the article and final thoughts |
# Table 2: The Article

On May 1st, CZ, the founder of Binance, spoke on Twitter Space

Binance, founded by Changpeng Zhao (CZ) in 2017, has become one of the world’s most popular cryptocurrency exchanges. In May 2021, CZ spoke on Twitter Space and shared his thoughts on Binance’s coin listing process and Token economics.

Binance and CZ

Before we delve into CZ’s thoughts, let’s take a quick look at Binance and CZ. Binance started as a small cryptocurrency exchange in China in 2017, but within a year, it became the world’s largest cryptocurrency exchange in terms of trading volume. CZ, the founder of Binance, is a well-known figure in the cryptocurrency industry and is often referred to as “CZ” by his followers.

CZ’s statement

During the Twitter Space event, CZ stated that he is not personally involved in the process of listing coins on Binance. He also expressed that there are many projects on Binance that he cannot understand, and the first standard for uploading coins is the number of users.
CZ emphasized that they pay close attention to Token economics and don’t like tokens with very small circulation. He noted that from the user’s perspective, there is no guarantee that any specific token can be listed on Binance, nor is there any guarantee that a certain token will not be listed.

Token economics

Token economics refers to the way an ecosystem is set up around a particular cryptocurrency. It includes factors such as token issuance, distribution, and usage. One of the key elements of Token economics is the circulation of the token. When a token has a small circulation, it can be highly volatile, making it risky for investors. Binance takes Token economics seriously and evaluates each token before listing it on the platform.

Binance listing process

Binance has a strict listing process when it comes to adding new coins to the platform. Before a token can be listed, it must go through a rigorous evaluation process. Binance has an independent team that evaluates potential tokens based on factors such as the team behind the project, Token economics, and market demand. Binance also has a reputation for being quick to delist tokens that are no longer viable or have become scams.

Evaluation of Shangcoin

During the Twitter Space event, CZ mentioned that Binance has an independent team that evaluates Shangcoin, a new cryptocurrency project. While CZ did not provide any further details, it is clear that Binance takes its evaluation process seriously and is committed to listing only legitimate projects.

FAQs

1. Can anyone get their token listed on Binance?
A: No, there are strict standards for listing on Binance. The team evaluates each project to ensure it is legitimate and meets Binance’s criteria.
2. How does Binance evaluate new projects?
A: Binance has an independent team that evaluates potential tokens based on factors such as the team behind the project, Token economics, and market demand.
3. How often does Binance delist tokens?
A: Binance is quick to delist tokens that are no longer viable or have become scams. The frequency depends on market conditions.

Conclusion

CZ’s comments on Twitter Space provided insight into Binance’s listing process and Token economics. Binance takes its evaluation process seriously and is committed to listing only legitimate projects. Investors must understand the evaluation process and Token economics before investing in any cryptocurrency. Make sure to do your own research before investing in any cryptocurrency.