In the world of big boy crypto listings, weâve got two takesâand both are spicy. ð¶ïž
First up, a Tier 1 project, fresh off a near nine-figure raise, spends over a year jumping through Binanceâs due diligence hoops. Just when they think theyâre in, Binance drops a little request: hand over 15% of your token supply. For context, thatâs a cool $50M to $100M just to secure a CEX listing. According to some, thatâs enough to give any projectâs chart a nosebleed. As they put it: somethingâs gotta change.
Then, enter Take #2. Imagine the opposite narrative: "These founders want to dump their âmagicalâ tokens onto retail, tied to a company with zero revenue." But Binance? Theyâre the gatekeepers here, apparently protecting the masses from vaporware and inflation. Their price? A pound of flesh, or rather, a chunk of token supply theyâll âgenerouslyâ redistribute to loyal BNB holders through their launchpad.
So whoâs in the wrong? Are we watching Binance bleed projects dry with brutal fees, or just seeing them serve justice on a silver platter? Because hey, if your coinâs only shot is Binanceâs distribution, guess whatâitâs time to pay up.
In the world of big boy crypto listings, weâve got two takesâand both are spicy. ð¶ïž
First up, a Tier 1 project, fresh off a near nine-figure raise, spends over a year jumping through Binanceâs due diligence hoops. Just when they think theyâre in, Binance drops a little request: hand over 15% of your token supply. For context, thatâs a cool $50M to $100M just to secure a CEX listing. According to some, thatâs enough to give any projectâs chart a nosebleed. As they put it: somethingâs gotta change.
Then, enter Take #2. Imagine the opposite narrative: "These founders want to dump their âmagicalâ tokens onto retail, tied to a company with zero revenue." But Binance? Theyâre the gatekeepers here, apparently protecting the masses from vaporware and inflation. Their price? A pound of flesh, or rather, a chunk of token supply theyâll âgenerouslyâ redistribute to loyal BNB holders through their launchpad.
So whoâs in the wrong? Are we watching Binance bleed projects dry with brutal fees, or just seeing them serve justice on a silver platter? Because hey, if your coinâs only shot is Binanceâs distribution, guess whatâitâs time to pay up.