He Yi also criticized the practice of directly listing projects based on market pricing given by users.
In addition, they are now requiring multi-party custody of tokens issued by project owners as part of mutual oversight.Īddressing recent Initial Exchange Offerings (IEOs) that quickly achieved multi-billion-dollar market capitalizations upon listing, He Yi highlighted that "a large number of projects come from the previous bull market, and are generally over-pursued by capital." Consequently, the price of IEO projects listed on Binance is typically lower than the price of the last round of investor investments. In response, Binance monitors the wallets of project owners and market makers associated with the Launchpad platform. He mentioned that some newly listed tokens have not performed well, while some lesser-known tokens have experienced drastic price fluctuations. In his tweets, He Yi also touched on issues related to coin performance and market volatility.
He stated that listing decisions aren't solely at the discretion of one person, including CEO Changpeng Zhao, but are a broader collaborative decision-making process. Binance Co-founder He Yi has recently taken to Twitter to discuss the criteria for token listings on the platform, emphasizing that Binance strives to consider the majority of user demands when listing coins.
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