Binance CEO has shared essential tips for projects seeking a listing on the leading cryptocurrency exchange. In a recent blog post, the CEO emphasized the importance of transparency, professionalism, and a strong user base while applying for a Binance listing.
The post starts with three essential tips on submitting listing applications. The only accepted methods are the direct listing application link and the Launchpad/Launchpool application. The CEO also clarifies the differences between direct listings, Launchpad, and Launchpool projects, and stresses the need for project founders or CEOs to fill out the application form.
The CEO explains that a 98% chance exists that applicants will not hear back from Binance after submitting their applications. However, constant updates and steady progress are highly valued by the exchange. Projects should update their progress to Binance and the community on a regular basis, even after listing.
Incorporating BNB & BUSD Helps Projects List On Binance
Several tips focus on Binance Smart Chain (BSC) projects. According to CZ, incorporating BNB/BUSD into their ecosystem, raising BNB/BUSD during the fundraising phase, and supporting Binance within their community help a project get listed on the exchange. Responsiveness and professionalism during the due diligence process can help accelerate the listing.
The CEO also cautions against contacting him for status updates. Not only that, but he also says that projects should now ask for a contact person or shill coins on social media. Instead, projects should focus on providing regular updates through the listing application form.
If a project passes the initial review, a Binance representative will get in touch. The CEO emphasizes the importance of email signature verification, checking the official Binance verification link, and maintaining confidentiality throughout the listing process.
Regarding evaluation, the CEO states that the exchange prefers coins with a proven team, useful products, and a large user base. Crypto projects without a minimum viable product should not apply for listing. Communication is a crucial part of the evaluation process, and poor communication could lead to a lower chance of getting listed.