Binance co-founder He Yi published an article on the Mid-Autumn Festival entitled "If we disagree, then maybe you are right", responding to three major issues that have been discussed in the currency circle and Binance recently: Whether the market is coming to an end, whether Binance is flat, and Binance’s currency listing strategy. The following is a summary of the key points of the article:
1. Is the currency circle coming to an end?
Recently, many people have badmouthed the blockchain industry and questioned whether blockchain is a scam. He Yi responded that the currency circle is not coming to an end, but is affected by the economic cycle.
She pointed out that changes in the economic cycle have affected the activity of the investment market, especially in the context of the Federal Reserve policy and the downgrading of global consumption, which has limited the growth space of the currency circle.
Although the currency circle has experienced explosive growth in the past, the current economic environment makes people feel that "the currency circle is not as profitable as before."
He Yi mentioned that the approval of Bitcoin and Ethereum ETFs marks the maturity of the blockchain industry, and the relationship between the currency circle and the stock market is becoming increasingly closer. Despite this, the currency circle is still an important area of financial innovation, and future challenges and opportunities coexist.
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2. Is Binance flat?
He Yi emphasized that Binance is not “lying flat”. She mentioned that Binance has always stood on the side of users and worked hard to promote the large-scale application of blockchain technology.
Binance is working towards compliance and following relevant anti-money laundering and financial industry regulations. She also pointed out that Binance is more than just a trading platform. It has also launched multiple products including Earn, Square, payment and Web3 wallets, aiming to bring blockchain technology to the public.
He Yi believes that future blockchain applications will gradually penetrate into people's lives like the Internet. Even if users do not understand blockchain technology, they can enjoy the convenience it brings.
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3. Binance’s currency listing strategy
In response to the community discussion on Binance’s currency listing strategy, He Yi explained Binance’s currency listing process, which includes four links: business, research group, committee, and compliance review.
She pointed out that the basic principle of Binance’s currency listing is to choose projects that have user needs, projects that can survive in the long term, and projects that have solid business logic. She specifically mentioned that Binance will give priority to projects with potential for long-term development when listing coins, and has strict requirements for project compliance and token decentralization.
In addition, Binance promises to strictly prevent insider trading and corruption, and has launched a high reward system to encourage reporting of violations involving currency listings.
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