Binance, the world’s largest cryptocurrency exchange, announced on May 20th the “Binance Listing Project Public Recruitment Program”. Web3 asset data platform RootData analyzed the background of past listed projects and identified Puffer Finance, DappOS, Ultiverse, MyShell, Xterio, and others as potential upcoming listing projects.
Background:
WSJ revealed that Binance allowed market manipulation by DWF and even fired the whistleblower. Binance claims that this is baseless and they have been strictly monitoring the market.
In order to cultivate a healthy industry with multiple market participants, Binance will prioritize supporting small and medium-sized cryptocurrency projects through the “Binance Listing Project Public Recruitment Program”. The application criteria for the program are as follows:
Industry: All sectors
Valuation: Small and medium market capitalization relative to their respective sectors
Tokenomics:
Significant token distribution for community users (airdrops, community rewards, etc.)
Appropriate secondary market token circulation during TGE period
Reduced distribution to non-community users
Business and Product:
Good product-market fit (PMF)
Self-sustaining business model
At least one minimum viable product (MVP)
Preference for technological and design innovators
Social Engagement and Community Foundation:
Organic and genuine user base
Long-term sustainable user growth
Compliance: Market participants who prioritize regulation and compliance and are responsible
Binance added that users who meet the above criteria can fill out the Binance application form to apply.
According to Binance’s latest listing recruitment program, RootData, the Web3 asset data platform, analyzed and concluded that potential upcoming listing projects could include Puffer Finance, DappOS, Ultiverse, MyShell, Xterio, and others. These projects were identified based on the analysis of the top ten VC institutions that are most likely to launch on Binance Launchpool and the projects’ latest valuations.
Related Reports
Telegram game Notcoin listed on Binance, OKX “new coin mining”, TON surged 10%, market cap surpassing Dogecoin
Binance’s new Launchpool: What is the liquidity staking protocol Renzo and the tokenomics of REZ? BNB briefly reached 620 USD
What are the highlights of BTC L2 project “BEVM” invested by Bitmain and collaborated with Binance?