Changpeng Zhao, founder and CEO of crypto exchange Binance, talked about the possibility of listing the new meme token PEPE in his statement.
Speaking at an “Ask Me Anything (AMA)” event held on Twitter Spaces, CZ said that he could not comment on the listings and that he was not involved in this process.
In addition, he added that an altcoin is listed by Binance when it has a large number of users, is in demand and when the volume is high.
Again speaking specifically to PEPE, CZ announced that listing would not be possible if it expires in a short time like 2 weeks. He explained that the platform takes into account the coin listing requests sent to them by users, and if the interest remains high, altcoins are listed.
In addition, CZ said that he has never purchased meme tokens or NFTs so far.
He stated that Binance does not like coins with low circulating supply.
Binance CEO then said on Twitter that he received a lot of questions about listings at the AMA event and shared a link to the company's listing policy.
In the mentioned listing guide, CZ gives the following advice to coins that want to be listed:
“Use online application forms, which is the only way to apply to be listed on Binance. Direct listing and Launchpool are open to projects that have circulating tokens or have not yet issued any tokens, while Launchpad is limited to earlier stage projects.
Be sure to include all necessary information in the form.
The project founder or CEO should fill out the form himself, as he will be the key contact in case of problems.
Provide regular updates on the progress of the project to Binance and the community, preferably weekly or monthly.
Be responsive and professional in the due diligence process as this can speed up the process.
Do not ask for a status update on the application.
Do not ask for a contact person as Binance does not allow contacting the review team.
Do not advertise coins to CZ on social media. Instead, provide regular updates through the Binance listing application form.
Do not send white papers to CZ.
Sharing listing information is prohibited until Binance publishes the listing announcement.”
*Not investment advice.