Post
Topic
Board Altcoin Discussion
Re: Binance listing too much meme coin
by
justdimin
on 13/01/2025, 17:55:41 UTC
Binance is top 1 in terms of Cex ranking but Binance does not provide financial advice to anyone.  When Binance lists a token they charge a listing fee for it which is very profitable for them and they bump their BNB coins through the token's Launchpool. BNB is their own coin and they use Launchpool strategy to increase the marketcap and price of this coin and for this they are constantly listing new coins. so do a good analysis before investing in any coin because you always have to be responsible for your loss and that loss will weaken you financially.
I wish more people knew this. The reality is we are not going to end up with a much profit with investing based on just whatever Binance lists, that's the most important part, if you can do a good job with that then you are going to end up checking out what we are dealing with.

Of course it is not that easy to find other stuff, but Binance isn't listing tokens and coins and saying "look how great this is, put your money in!" they are just listing it, and letting you decide, which is why I believe that we are going to see this changing eventually and Binance will be responsible based on what they list as well, regulations will come for that but I am not sure how long it will take or when that will happen, this is why binance will not be able to list this easily.