So we all witnessed the first major exchange-run tokensale, the BTT tokensale at Binance. Binance has decided to list tomorrow and looking at the sentiments around the reply given, it may not be a good idea for future projects.
Many of CT believe it's just a mere manipulation by whales since they'll always by first. The BTT tokensale had just about 1000 buyers and people think that's where great manipulation will come from.
So how does this determine the future of other similar projects. Now, let's wait to see if it'll be a pump/dump scheme so that we can better conclude.
source:
https://twitter.com/cz_binance/status/1090572501476765697I just now learn about that ICOs were run by binance but i don't think it is a good idea unless they know those projects have some good future and find value for the tokens because of they run a failed ICO means their reputation will be disturbed and why they are doing this when they are at most preferred exchange by traders.