Nothing is ‘guaranteed’ with a memecoin listing — Binance CMO
Binance CMO Rachel Conlan says that “community feedback and input” are important factors for crypto exchanges when deciding which cryptocurrencies to list, though nothing is “guaranteed.”
The surge in memecoin popularity in recent times has added extra pressure on crypto exchanges to weed out questionable projects and protect users, according to a crypto exchange executive.
“The team does a lot of due diligence on the founders of the project, who is involved, and what’s potentially on their roadmap,” crypto exchange Binance chief marketing officer Rachel Conlan told at Aus Crypto Con 2024.
Community feedback and input
As for what is the X factor that gets a crypto token listed on Binance, Conlan said there is nothing “guaranteed.”
“A few different factors are considered by this secret research team,” Conlan said.
“Community feedback and input, as well as watching what community trends and insights are around this, are definitely important,” she added, dismissing the idea that hype alone drives listings.
Conlan said that memecoins have had a “lot of negative coverage” because of their lack of utility.
“But we 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,” she explained.
Get to know Godleak
Godleak crypto signal is a service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.
It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.
Godleak crypto leak service have multiple advantages in comparision with other services:
- Providing signal of +160 best crypto vip channels in the world
- Using high tech bot to forward signals
- Without even a second of delay
- Joining in +160 separated channels on telegram
- 1 month, 3 months , 6 months and yearly plans
- Also we have trial to test our services before you pay for anything
For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features
Join for Free
☟☟☟☟☟
https://t.me/Godleakbot
Also you can check the list of available vip signal channels in the bot. by pressing Channels button.
‘Critical’ to keep the community involved
Conlan forecasted that the crypto community will “grow exponentially” over the next 18 to 24 months, which means there will be an even greater need to focus on crypto projects with real use cases:
“It is born and frivolous at the beginning, but if you want to keep the community involved, it is critical.”
“What we should be talking about more is the innovation that’s going to come out, like the innovation that’s been prepped in this bear cycle. What people are building,” she said.
Conlan’s comments on utility reflect a similar view to that of the former CEO of Binance, Changpeng “CZ” Zhao, who recently shared his growing distaste for the memecoin ecosystem.
In a Nov. 26 X post, he said that the memecoins are getting “a little” weird as opposed to being funny during their nascent stages.
“Let’s build real applications using blockchain,” CZ stated.
Despite the ongoing scams and rug pulls in the memecoin space, there have also been recent cases of users gaining extreme wealth.
On Nov. 27, Cointelegraph reported that a Solana-based memecoin trader turned a $160 investment into millions after buying tokens tied to a viral internet meme.
