particularly me when I see that a token or coin is listed on Binance that is synonymous with guaranteed success, Binance is listed as one of the best level 1A exchanges out there and with more confidence worldwide, and every token that enters like this can be considered as potential
people need to be very careful with this thought that Binance is only listing good altcoins, if you look closely at all altcoins that are on binance you will see that there are a lot of shitcoins that were listed a few years or months with prices that went up 10X but today they are down 20X because there is no demand, as they are illusory projects that in the long term had nothing to offer and people made a mistake with them, today such projects are 20X fallen. I will avoid enumerating names of such projects in that thread
Exactly, This project are just the product of hype and they are using the investors money that they accumulate on IDO just to list on Binance. Project like this spend so much money on the requirements of exchange listing and totally forgot the development process that result of slowly dying of the project due to lost of interest. Many scam project use big CEX as there end goal before they abandon the project and move to a next startup project.
More on quick profits, the developers are aiming for the project to be listed inside binance knowing that investors interest will flow and they will have a good chance of gaining a huge amount of profits, sad to say that this kind of developers mindsets is a temporal type of team who are just after the money and not to fully develop the project.
Like both of you, not all projects inside binance are solid project, there are assets that are just a product of hypes and quick ride pump.