Binance spoke about the principles of listing memcoins

Binance Exchange Marketing Director Rachel Conlan spoke about the principles the company follows when considering the possibility of listing a new memcoin. She spoke about this during the Aus Crypto Con 2024 event, writes Cointelegraph.

According to a top manager at Binance, there are no factors that can 100% guarantee that a token ends up on the platform. All talk about secret agreements and promotion of this or that asset has nothing to do with reality, the company representative emphasized.

There is a special research group that conducts a complete analysis of the token. We are talking about the structure of the project, the peculiarities of the functioning of its economy, the history of the developers themselves and other aspects, Conlan noted. The Company makes efforts to ensure the viability and potential of the asset and the absence of any questionable factors.

At the same time, Conlan stated that the project will not be able to achieve listing on Binance based on the hype on social networks and the crypto community alone. Fundamental arguments are needed in favor of this decision.

According to the exchange’s CMO, memcoins have faced some criticism due to their lack of “usefulness.” However, recently projects have emerged that contain some ideas that can give impetus to the development of the industry, Conlan believes.

Conlan believes that the crypto community will grow exponentially in the coming years. Therefore, companies should focus their attention on projects that have real use cases.

Previously, Binance co-founder Changpeng Zhao (CZ) called memcoins “a little strange.” The entrepreneur noted that he has nothing against memcoins, but such tokens to a certain extent deviate from the original ideas of the industry. CZ called for creating real applications based on the blockchain.

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