Binance has released the latest introduction to its listing process, which can be summarized as follows:

1. A three-stage progressive listing framework

Alpha → Contract → Spot, where each stage evaluates the project's performance and potential before deciding whether to upgrade.

Only a very small number of projects that meet the necessary standards can be directly listed on the spot market.

2. Multi-dimensional upgrade criteria

Specifically, considerations will include: project fundamentals, secondary market indicators, user participation, compliance standards, etc.

3. Multiple product positions to meet listing demands

Different project stages and token statuses will connect with different products.

4. Project teams and communities should be vigilant against fraud risks

Binance clearly states: it does not accept third-party agents for listings; applications should be submitted by project founders/core members; it also reminds the community to be wary of "third-party fraud" impersonating Binance.