Coin

<ul class="news-points">
 <li>&nbsp;Binance starts initiative against inflated token valuations</li>
 <li>Exchange seeks projects with strong fundamentals</li>
 <li>Initiative aims to protect retail investors</li>
</ul>
Binance, the world’s leading cryptocurrency exchange, has unveiled a <a href="https://www.binance.com/en/support/announcement/calling-for-project-applicants-95b023902fef42e6a630425170460656" target="_blank" rel="noopener noreferrer nofollow">new initiative</a> aimed at fostering a more balanced and equitable crypto market environment. The exchange seeks to address a growing concern: token launches with excessively high Fully Diluted Valuations (FDVs) and limited initial circulating supplies.
This strategy involves some projects releasing a small number of tokens at launch, creating an illusion of scarcity to inflate the price. These projects often hold a much larger reserve that could be released later, potentially exerting downward pressure on prices for retail investors.
In response, Binance seeks to empower promising small and medium-sized projects with sound fundamentals. The exchange outlined its proactive approach in a <a href="https://www.binance.com/en/research/analysis/low-float-and-high-fdv-how-did-we-get-here" target="_blank" rel="noopener noreferrer nofollow">recent report</a> titled “Low Float &amp; High FDV: How Did We Get Here?”
Binance is now inviting applications from high-quality teams and projects across various sectors with moderate valuations to participate in its listing programs. These programs encompass di…
The post <a href="https://coinedition.com/binance-revamps-crypto-listings-focus-on-fundamentals-not-hype/" rel="noopener noreferrer nofollow">Binance Revamps Crypto Listings: Focus on Fundamentals, Not Hype</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Binance Revamps Crypto Listings: Focus on Fundamentals, Not Hype

Coin Edition

Other articles published on May 20, 2024

Larian Studios Plans to Open 7th Studio in Poland for New RPGs

NexTech Week TOKYO Ready for Spring 2024, Opens Exhibitor Applications for Autumn 2024 & Spring 2...

The Secret Weapon for Bitcoin Investors in a Bull Run: Covered Strangle

Litecoin Whales Increase Accumulation Significantly

Crypto Market Rallies As SEC Reportedly Moves Forward With Ether ETF Process

2 Trillion Shiba Inu (SHIB) in 24 Hours: Shiba Inu (SHIB) on Verge of Surge?

Join our free newsletter for daily crypto updates!