Binance currency listing analysis! RootData: Puffer Finance, DappOS, Xterio, etc. may have potential

The world's largest cryptocurrency exchange Binance (Binance) released a "Binance Coin Listing Project Open Recruitment Plan" on May 20, stating that in order to cultivate multi-party market participation In order to cultivate a healthy industry with multiple market participants, Binance will take the lead in supporting small and medium-sized cryptocurrency projects: In recent months, we have observed tokens being issued at high valuations and low initial circulation... In order to cultivate a healthy industry with multiple market participants, Binance will Be the first to support small and medium-sized cryptocurrency projects. We sincerely invite high-quality teams and projects to apply for Binance currency listing projects, including: Direct Listing, Launchpools, Megadrops, etc. We hope to promote the development of the blockchain ecosystem by strengthening support for small and medium-sized cryptocurrency projects with good fundamentals, organic community foundations, sustainable business models, and industry responsibility.

Application conditions for the "Binance Coin Listing Project Open Recruitment Plan"

According to Binance's announcement, the application conditions for the "Binance Coin Listing Project Open Recruitment Plan" are as follows:

Industry : All tracks

Valuation: Relative to their respective tracks, small and medium-sized market capitalization

Token Economics:

• for the community Users retain a large amount of token distribution (airdrops, community rewards, etc.)

• Appropriate secondary market token circulation during TGE

• Reduce allocation to non-community users

Business and products:

• Good product market fit (PMF)

• Self-sufficient business model

• Have at least one minimum viable product (MVP)

• Have technical innovation, design Innovators first

Social participation and community foundation:

• Organic and real user base

• Long-term sustainable user growth

Compliance: Responsible market participants who value regulation and compliance

Binance added that by doing so The reason is: launching the token in a high FDV and low circulation model will lead to huge selling pressure when it is unlocked in the future. Such a market structure is detrimental to ordinary investors as well as loyal community members of the project. Binance is committed to reshaping this trend and creating a diverse market environment for our users and all market participants.

Users who meet the above conditions can fill out the Binance application form to apply.

Which projects are expected to be the next ones listed on Binance?

According to Binance’s latest currency recruitment plan, Web3 asset data platform RootData published an analysis on social platform The final average valuation of the primary market is approximately US$217 million, and combined with the investment data of the top ten VC institutions that are easiest to log into Binance Launchpool, the 76 projects they have with a valuation within US$300 million may be prioritized. Get this opportunity to be listed on Binance.

After analysis, RootData pointed out more clearly that based on the projects jointly invested by the top ten VC institutions that are easiest to log into Binance Launchpool and the latest valuation of the projects: Puffer Finance, DappOS, Ultiverse, MyShell, Projects such as Xterio... may be the next batch of potential coin listing projects.

The above is the detailed content of Binance currency listing analysis! RootData: Puffer Finance, DappOS, Xterio, etc. may have potential. For more information, please follow other related articles on the PHP Chinese website!