Binance has taken action! Those involved in 'listing agency' are doomed this time!
Today, Binance directly named and suspended 7 entities involved in the 'listing agency' scam, including several veterans in the industry, such as a company called BitABC. Even more outrageous is that the list also includes one called 'May/Dannie', whose team was exposed for creating a 'listing assembly line' that goes from 'VC' to incubator to market maker.
In simple terms, they first pretend to invest to get free tokens from project parties, then package the project, and finally inflate the price to sell off and harvest profits. This gray industrial chain has been uncovered.
What impact does this have on us?
My view is very straightforward: this is a tremendous good thing! Binance is clearly aiming to purify the game rules and eliminate these parasites that feed off information asymmetry and networks.
In the future, if a project wants to get listed on Binance, they must honestly adhere to the official evaluation criteria, such as product quality and user base, rather than secretly paying to get it done.
There will be significantly fewer chaotic 'listing news' in the market, and with information being transparent, ordinary people will have fewer chances of stepping on landmines.
What should we do now?
First, tighten your wallet and don't trust any so-called 'intermediaries' claiming they can help you get listed on Binance. Binance has stated that these are all scams.
Second, return to common sense; in the future, when trading coins, don’t take rumors at face value. Look closely to see if the project itself has real substance.
Third, watch and wait; this kind of housecleaning action may short-term expose some 'relationship coins', but in the long run, it will detoxify the market, and the value of good projects will become clearer.
The market always has opportunities; the key is to operate calmly. Tianji will continue to help everyone keep an eye on on-chain dynamics and move forward steadily together! Pay attention to Tianji, and participate in every offensive by Tianji villagers! Tianji will announce specific entry times and real-time news in the village every day!
