{"id":102210,"date":"2024-11-30T03:46:08","date_gmt":"2024-11-30T07:46:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=102210"},"modified":"2024-11-30T03:47:02","modified_gmt":"2024-11-30T07:47:02","slug":"memecoin-listings-come-with-no-guarantees","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/memecoin-listings-come-with-no-guarantees\/","title":{"rendered":"Binance CMO: Memecoin Listings Come with No Guarantees"},"content":{"rendered":"\n

Binance CMO Rachel Conlan says\u00a0that “community feedback and input” are crucial considerations for crypto exchanges<\/a> when determining which cryptocurrencies to list, but nothing is “guaranteed.”<\/p>\n\n\n\n

\"Binance<\/figure>\n\n\n\n

The recent rise in memecoin popularity has heightened pressure on cryptocurrency exchanges to scrutinize projects and protect users, according to Binance's chief marketing officer, Rachel Conlan.<\/p>\n\n\n\n

Due Diligence on Listings<\/h2>\n\n\n\n

\u201cThe team does a lot of due diligence on the founders of the project, who is involved, and what\u2019s potentially on their roadmap,\u201d Conlan explained during an interview with Cointelegraph at Aus Crypto Con 2024.<\/p>\n\n\n\n

Conlan emphasized that there is no guaranteed formula when asked about the criteria for listing tokens on Binance.<\/p>\n\n\n\n

\u201cA few different factors are considered by this secret research team,\u201d she said, adding that \u201ccommunity feedback and input, as well as watching what community trends and insights are around this, are definitely important.\u201d<\/em><\/p>\n\n\n\n

\"Binance
Rachel Conlan spoke to Cointelegraph at Aus Crypto Con. Source: Cointelegraph<\/em><\/figcaption><\/figure>\n\n\n\n

While some believe hype drives listings, Conlan clarified that it is not the sole determinant. She acknowledged that memecoins\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> have faced criticism due to their limited utility but pointed out a shift in the space. \u201cWe know that there are up-and-coming memecoins that have that utility built in, which is really what we all need because we need that use case,\u201d<\/em> she said.<\/p>\n\n\n\n

Community and Long-Term Innovation<\/strong><\/h3>\n\n\n\n

Conlan predicts exponential growth in the crypto community over the next 18 to 24 months. This, she noted, would increase the importance of focusing on projects with real use cases.<\/p>\n\n\n\n

\u201cIt is born and frivolous at the beginning, but if you want to keep the community involved, it is critical,\u201d she said.<\/p>\n\n\n\n

Conlan also emphasized the importance of highlighting innovative developments in the industry, particularly those prepared during the current bear market.<\/p>\n\n\n\n

\u201cWhat we should be talking about more is the innovation that\u2019s going to come out, like the innovation that\u2019s been prepped in this bear cycle. What people are building,\u201d<\/em> she added.<\/p>\n\n\n\n

Memecoins: A Divisive Space<\/h2>\n\n\n\n

Conlan\u2019s perspective on utility aligns with that of Binance\u2019s former CEO, Changpeng \u201cCZ\u201d Zhao, who has expressed skepticism toward the memecoin ecosystem. <\/p>\n\n\n\n

In a Nov. 26 post on X, Zhao remarked that memecoins have shifted from being amusing to becoming \u201ca little weird.\u201d<\/em> \u201cLet\u2019s build real applications using blockchain,\u201d<\/em> CZ urged.<\/p>\n\n\n\n

Despite ongoing scams and rug pulls in the memecoin market, some traders have managed to achieve extraordinary returns. <\/p>\n\n\n\n

On Nov. 27, a Solana-based memecoin trader turned a $160 investment into millions<\/a> after purchasing tokens linked to a viral internet meme.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance CMO Rachel Conlan says\u00a0that “community feedback and input” are crucial considerations for crypto exchanges when determining which cryptocurrencies to list, but nothing is “guaranteed.” The recent rise in memecoin popularity has heightened pressure on cryptocurrency exchanges to scrutinize projects and protect users, according to Binance’s chief marketing officer, Rachel Conlan. Due Diligence on Listings […]<\/p>\n","protected":false},"author":56,"featured_media":102213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[326,376,984,650],"class_list":["post-102210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-memecoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Binance-CMO-Memecoin-Listings-Come-with-No-Guarantees.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=102210"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/102210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/102213"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=102210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=102210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=102210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}