Post
Topic
Board Service Discussion (Altcoins)
Re: Binance in trouble over listing scam defi token
by
dunfida
on 12/09/2020, 22:22:07 UTC
Personally, I think projects like "SUSHI" don't have real use cases and real utilities. Traders only buy because of hype and instant profit, after the market collapse there are no fundamentals that are able to sustain the price which eventually drops like hell.

99% of all altcoins don't have any utilities and use cases. It's time to wake up.

On one hand I feel like it's not the exchange's fault that the coin team pulled an exit scam. Sometimes you strike a deal with a company and they bail on you. People are different some can be trusted and some can't.

On the other hand they should put more effort into screening these tokens or they'll become another shitcoin exchange like yobit.



Cz already posted that he has no information on who are the people behind the token, why is that? he asked KYC to all his traders why not the team of the coin they listed, they must prove that they are legit and Binance know who they are dealing, they are nothing less than Yobit who will list any coin right away for a fee without checking if the coin is worth listing in their platform and who are the team behind the project, so many exchanges are doing this and Binance is already like them.
Just take a look on the informations needed before a coin that would be listed out on the exchange which it do really ask lots of things and verifications for sure but
for money then its no surprise that they would simply make out exclusions.

They dont care that much as long they do able to get some liquidity and able to drag themselves to the hype then they wont really care but at least they do
give out some warnings but for a top exchange like this then its a behavior that isnt something that cant really be ignored.
Listing out projects which do have anonymous creators/owners?