Changpeng Zhao (CZ), the founder of Binance, has shared his thoughts on the influence of altcoin listings on token prices.
He emphasized that token prices should stem from the development of the project itself, not from being listed on exchanges.
In a recent response to a user on X, CZ acknowledged that listings do help increase liquidity, but he clarified that their effect is generally short-term, leading to brief price movements. He noted that while listings can influence prices in the immediate term, the long-term value of a token should be driven by the project’s development and its progress.
CZ Supports Decentralized Exchange (DEX) Model
CZ expressed his support for the DEX model, where all tokens are listed, and users are empowered to make their own trading decisions. He explained, “In the long term, prices should be determined according to the development of the project itself.” He reiterated that liquidity and the freedom of entry and exit on exchanges are important, but project progress plays a crucial role in determining token value over time.
CZ Responds to Coinbase Listing BNB Futures
In a separate post, CZ commented on Coinbase’s decision to list Binance Coin (BNB) in its futures market. He stated that there was no direct request for the listing and suggested that the development of BNB naturally led to its inclusion. “Nobody has applied for this. Focus on building. Listing comes naturally,” he remarked, reinforcing his belief that project growth should dictate market presence.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/binance-founder-token-prices-should-reflect-project-development-not-listings/