Binance CEO Changpeng “CZ” Zhao on Monday shared tips to get projects successfully list their coins on the crypto exchange Binance. During an AMA session, CZ revealed that he is not personally involved in the listing process, with several people asking questions about whether the exchange is listing other meme coins such as PEPE.
Binance CEO Shares Listing Guidelines
Binance CEO “CZ” in a tweet on May 1 said he got 3 questions about listing requirements in the AMA session. He shared a blog by him with tips for listing coins on Binance.
Binance puts high-quality tokens with future use cases first while listing tokens on the crypto exchange. However, the Binance listing team conducts rigorous due diligence before deciding to list a token. Binance CEO is involved in the decision.
Firstly, projects can submit an online application form of direct listing or Launchpad/Launchpool when requesting to list their coins on Binance. Specifically, only the project founder or CEO can fill and submit the form, furnishing complete detail about the project.
“There is a 98% chance you won’t hear from us after you submit your application. This is the norm.”
Projects can have more chance of listing if updates are shared with Binance on a monthly or weekly basis. It shows commitment to the project and listing. Thus, Binance follows up with projects even after listing tokens.
Binance takes tokens on Binance Smart Chain (BSC), projects supporting BNB coin, and community supporting Binance into consideration when listing tokens.
Typically, Binance lists coins with a proven team, useful product, and large user base. During the AMA, Binance CEO didn’t disclose a number for listing as projects can fake their growth for listing on Binance. Projects should focus on user adoption.
BONE, PEPE, or FLOKI, Which Coin Will List First?
As per the recent listing of FLOKI by Binance’s US arm, the meme coin FLOKI has more possibility of listing on the exchange. However, Binance considers a global audience and demands from the community to list on the exchange.
As CoinGape Media recently reported, Shiba Inu lead developer Shytoshi Kusama can submit a listing application form for BONE in the absence of Ryoshi. It can help the Shiba Inu community list BONE token on the crypto exchange.
Meanwhile, PEPE is taking the market by storm and leaving behind SHIB and FLOKI in terms of trading volumes. The project even entered the top 100 listings today after PEPE coin gets listed on OKX crypto exchange.
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