• CZ revealed that he personally rejected the president of a rustic who requested for his token to be listed on Binance.
• Binance will instantly disqualify any mission that makes an attempt to make use of a third-party itemizing agent.
• The Trade has a transparent itemizing path from Binance Alpha to Futures to Spot primarily based strictly on advantage.

Binance founder Changpeng Chao (CZ) issued a stern warning about itemizing fraud and clarified that even world leaders don’t have any affect over the change’s choices.

In a current disclosure, CZ acknowledged that he personally turned down a private request from a rustic’s president to listing sure tokens, emphasizing that no particular person can circumvent the platform’s due diligence.

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“No shortcuts” coverage

This anecdote helps affirm the last word actuality of crypto tasks. CZ urged founders to deal with any promise of a “itemizing assure” as fraud. If the top of state is unable to affect the method, there isn’t any doubt that third-party “brokers” claiming to have inner connections are committing fraud.

The change stated the confusion surrounding the itemizing is fueling a cottage trade of spoofing. Because the market matures, scammers are more and more posing as Binance insiders and advisors to extort charges from devoted groups.

Binance has a zero tolerance coverage and any mission discovered to be utilizing intermediaries can be instantly disqualified.

Tips on how to truly get listed

Binance has outlined a multi-stage funnel for reliable tasks. Early-stage groups sometimes be part of through Binance Alpha, a program designed for token discovery and group constructing. This enables exchanges to check the mission’s traction earlier than opening the floodgates.

Because the mission matures, Binance could introduce futures contracts or spot buying and selling choices. Futures merchandise supply merchants hedging and directional methods with out holding tokens. Nonetheless, a spot itemizing permits for direct possession and long-term participation. Subsequently, every stage displays mission readiness and market demand.

Binance makes use of a number of standards to guage tasks. These embody product high quality, consumer development, token design, compliance requirements, and technical safety. Moreover, circulating tokens are topic to intense scrutiny concerning liquidity, valuation, and equity of distribution. Binance stated that no listings will obtain ensures or shortcuts.

Binance additionally famous the rise in pretend itemizing brokers. The change stated it could by no means appoint intermediaries or settle for functions by way of consultants. All itemizing discussions should contain verified core workforce members solely. Subsequently, founders should talk immediately and full id verification.

Importantly, Binance has said that tasks that use intermediaries can be disqualified. Nonetheless, groups that report scammers could obtain precedence evaluation. This coverage promotes transparency whereas discouraging unethical conduct.

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