👍 Binance Prioritizes Smaller-Cap Projects After High FDV Trend
Binance, the world’s top cryptocurrency exchange, is changing its token listing strategy to prioritize small and medium-sized projects, with a focus on community allocations and sustainable market practices. This decision comes after concerns about the trend of low float and high fully diluted valuations (FDVs) projects negatively affecting investors, with over 80% of these tokens declining in value since listing.
Binance’s new strategy includes supporting projects through Direct Listing, Launchpools, and Megadrops. The new listing criteria emphasize sector inclusivity, reasonable valuations, and significant token allocation for community users. Binance believes this approach will mitigate the risk of overvaluation and subsequent depreciation, fostering a more diverse and resilient market environment.
#Binance