Binance launches open recruitment program for coin listing projects

According to the official announcement, Binance is committed to creating a healthy and sustainable market environment and always puts the interests of users first. In recent months, Binance has observed tokens being issued at high valuations and low initial circulation. This trend is discussed and its impact is highlighted in the report "Observations and Thoughts on the Current Status of High Valuation and Low Circulation Tokens". In order to cultivate a healthy industry with multiple market participants, Binance will take the lead in supporting small and medium-sized cryptocurrency projects. Binance sincerely invites high-quality teams and projects to apply for Binance listing projects, including: Direct Listing, Launchpools, Megadrops, etc. Binance hopes to promote the development of the blockchain ecosystem by strengthening support for small and medium-sized cryptocurrency projects with good fundamentals, organic community foundation, sustainable business models and industry responsibility. Importance: Launching tokens with high fully diluted valuations and low circulation will lead to huge selling pressure when unlocked in the future. Such a market structure is not good for 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 its users and all market participants. Projects Binance is looking for: -Industry: Projects in all tracks are welcome to apply for listing on Binance. - Valuation: Small to medium market capitalization relative to their respective tracks. - Token economics: Retain a large amount of token allocation for community users (airdrops, community rewards, etc.), appropriate secondary market token circulation during TGE, and reduce allocation to non-community users. - Business and products: Good product-market fit (PMF), self-sufficient business model, at least one minimum viable product (MVP), priority for technical innovation and design innovation. - Social participation and community foundation: organic and real user base, long-term sustainable user growth. - Compliance: Market participants who value regulation and compliance and are responsible.