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Ignas
@DefiIgnas
Subscribe to my DeFi blog to get ahead of the curve 👉 Co-founder of @PinkBrains_io DeFi Creator Studio
Joined February 2017
1.9K Following    164.4K Followers
Binance finally listed $HYPE on spot, but still no $LIT, $VVV or $FLUID CZ said "We list when your coin is popular enough. We follow our users" But that feels disingenuous when insider bundled/low liquidity memes keep getting listed on Binance and promoted through Alpha. Probably worst is that Binance is now 'sell the news' event. Teams have to provide tokens for airdrops and marketing that go to 1) BNB or 2) FDUSD holders who JUST DUMP those tokens as yield. No marketing is done this way. just pure sell pressure. Scroll allocated 5.5% of its total supply to Binance Launchpool. More recently Zama gave 45M ethereum:0xa12cc123ba206d4031d1c7f6223d1c2ec249f4f3 for 'future marketing campaigns.' Binance used to make their users rich, but now they are exit liquidity. it's a bull market so MAKE YOUR USERS RICH AGAIN.
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Interesting how irrelevant Binance has become to the crypto trenches. None of the major runners are listed on Binance and all price discovery happens onchain. And perp dexes taking their perp volumes too. Plus, tokenized stock meta requires licenses and regulations that Binance lacks so their regulatory arbitrage isn’t paying off in this meta. CEXs are mostly good for fiat onramp/offramp. But even for this Binance isn’t an option in the US and the EU.
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