The former general director of the largest crypto -tank Binance Chanpen Zhao clarified his position on the excitement around TST token and the Memcoirs as a whole, and also told what cryptocurrencies are in his portfolio.

Changpeng Zhao mentioned the new Test (TST) token, created on the basis of the BINANCE SMART Chain blockchain. He wrote on the social network X that the token was added to BINANCE, but Zhao himself did not support TST and did not participate in deciding on his listing.

TST is just a test token used in the video tutorial, however, after each post with explanations, the popularity of this token for some reason only grew, Zhao said. He added that he often receives messages from people who complain that Binance enters the listing not the coins that users hold. To which Zhao replied:

“The truth is that these exchanges should compete for the listing of popular coins in terms of trading. If your coin is active and in demand by traders, you do not need to communicate with exchanges. Just work on your project. ”

The founder of Binance noted: he has not yet bought a single membain. However, this does not mean that he opens against meme tokens. Zhao said that he stubbornly worked for the development of many altcoins and crypto industry as a whole, so memcoirs also have the right to development.

“I am not fond of sports cars and do not collect art. I did not buy any NFT, I did not even buy most altcoins (I have BTC and BNB). But I am not against all of the above, ”Zhao wrote on social networks Kh.

He explained the popularity of memecoons in that in recent years, regulators have tightened control of utilitarian tokens, calling them securities. Therefore, many people invest in memotics, considering them a safer option. In addition, memcoirs are fun, and whole communities are being built around them.

Earlier, Zhao criticized the famous economist Nuriel Rubini for creating his own token, since Rubini often expressed herself against cryptocurrencies, and he called Zhao himself a “slow -witted bomb”.