On May 20th, the world’s largest cryptocurrency exchange, Binance, released a “Binance Listing Project Open Recruitment Plan,” stating that in order to cultivate a healthy industry with multiple market participants, it will first support small and medium-sized cryptocurrency projects.
According to the announcement, the application conditions for the “Binance Listing Project Open Recruitment Plan” are as follows:
Industry: All sectors
Valuation: Small and medium market capitalization relative to their respective sectors
Token Economics:
Large token distribution reserved for community users (airdrops, community rewards, etc.)
Appropriate secondary market token circulation during TGE period
Reduced distribution to non-community users
Business and Product:
Good product-market fit (PMF)
Self-sustaining business model
At least one minimum viable product (MVP)
Preference for technological and design innovators
Social Engagement and Community Foundation:
Organic and genuine user base
Long-term sustainable user growth
Compliance: Market participants who prioritize regulation and compliance and have a sense of responsibility
Binance also added that users who meet the above conditions can fill out the Binance application form to apply.
Which projects are likely to be the next listings on Binance?
According to the latest listing recruitment plan from Binance, RootData, a Web3 asset data platform, analyzed and concluded on the background of past listed projects. They identified Puffer Finance, DappOS, Ultiverse, MyShell, Xterio, and other projects as potential candidates for the next batch of listings on Binance.
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