Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Binance launches small and mid-cap initiative

Market and Events: Binance launches small and mid-cap initiative

Cryptocurrency trading platform Binance aims to address the prevalence of tokens with low market capitalization compared to their fully diluted value (FDV). To address this issue, Binance is launching a new initiative to support new projects.

Binance officials highlighted the release of a recent publication titled "Low Float & High FDV: How Did We Get There?" that sheds light on the negative impact of new limited float and high FDV tokens on the industry.

In an effort to create a "strong and durable marketplace ecosystem," the Binance team decided to support small and medium-sized startups. These projects include tokens with sufficient supply for users and modest #capitalization compared to peers.

The platform will make it easier for these projects to register on Launchpool and Megadrop platforms and provide them with additional growth prospects. However, developers wishing to participate in the program must demonstrate the sustainability of their business model and a strong community, Binance said in a statement.

The exchange outlined specific criteria for participation, including:

  • Modest to moderate project valuation.
  • Significant token distribution to users.
  • Controlled token distribution during token generation events (TGE).
  • Strong product-market fit (PMF) and compliance with other conditions.

If a project meets the selection criteria, developers can express their interest in joining the new initiative by filling out a special form and sending it to Binance representatives.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: The Future of Finance: Digital Holdings Group’s Vision for Sustainable Bitcoin Mining
As the cryptocurrency market continues to mature, Bitcoin mining—once criticized for its environmental impact—is undergoing a transformative shift toward sustainability. Leading this change..
Artificial Intelligence (AI): Ilya Sutskever, Daniel Levy and Daniel Gross launched an AI startup
OpenAI Studio co-founder Ilya Sutskever, alongside his associates, has established a fresh AI venture named Safe Superintelligence (SSI). As per the announcement, the primary objective is..
Press Releases: These Altcoins Are Set to Break Records: Top 5 Picks
As we venture into 2024, investors are on the lookout for cryptocurrencies with substantial growth potential. Among these, PawFury, Bitcoin (BTC), Polkadot (DOT), and Injective (INJ) stand..
Press Releases: APU Apustaja: Official Sponsor of Matchroom Boxing Matias vs Paro
The management of the Apu Apustaja crypto token has announced that it will be sponsoring the Matchroom Boxing fight card between Subriel Matias and Liam Paro broadcast live on DAZN..