Coins listed on Binance through the community coin vote show 24% price decrease

[Xangle]

Coins listed on Binance through the community coin vote show a price decrease of an average 24% after 7 days
https://xangle.io/project/MBL/disclosures/5e53368aaa40c06ddf417e9f

Coins listed on Binance through the community coin vote had the highest earnings on the day of the announcement – after listing, token prices showed a tendency to decline. This shows the ‘Sell on News’ effect where price increases before official announcement and decreases after.
This analysis was conducted to investigate the effect of voting on listing, which is becoming a trend among exchanges.

According to crypto disclosure platform Xangle, MovieBloc announced that it was listed on Binance after a coin vote on the 21st. Six days after the listing, Moviebloc was down 41%.

Six coins, NKN, ARPA, CTXC, VITE, DREP, and MovieBloc, have been successfully listed on Binance through the coin vote.

The average price increase rate of the six coins on the day of the voting announcement was 60.08% higher compared to 24 hours ago. On the day of listing, the price fell 7.45%; after 7 days, it decreased by 24.07%. NKN was the only coin that showed a price increase.

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[TanakabZX]

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

[livingfree]

It's the community that voted it so that they'll be quick to dump it and afterwards, they'll eventually buy bitcoin or keep the profits to themselves. Actually, this community vote is good for those projects that doesn't have budget to list on Binance.

But somehow, this might be part of the cons that it has with the said feature.

[pageraji]

Indeed it usually happens in coin voting especially binance, if the winner is already visible then the price will rise and peak 1 or 2 days before listing, and when the listing will return to normal price. It was short term trading, sell before listing always safe to situation like this.

[Kvalentine]

Winning vote is normal thing, this doesn't guarantee the usefulness of the project that wins the vote, if a project is not good enough and still win the vote it will surely get listed on binance as promised, price will get pumped and later get dumped, only good projects deserves to get listed on binance

[jacafbiz]

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

This is true, most of these coins have no market maker that helps to sustain their prices above a price level for sometime, when you see Binance charge listing fees this is what the money is used for  as compared to free listing where you are left in the wild to die or survive

[bhabygrim]

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

I also agree with you and I also thinks that most of the voters only did it to dump their coins.
This is why I keep distance to the new listed coins specially if they got listed because of the votes.
They are holding their project's fund and depending on free listing.

[Rodeo02]

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

its actually depend on the situation , if the vote came from user's who recieve some giveaway in exchange for thier vote.
Thats bot good investment but if the community decide by thier own to vote this is only means that the project recieve more support from the community and the way they help them is to vote them.

[TheClownSong]

Indeed some of the coins that won the voting contest experienced a price reduction after listing but I think it is only temporary. Binance is one of the biggest exchangers and I think listing on Binance will increase liquidity and also the confidence of the investors and ultimately will affect the price

[WalkerIVIV]

Any coin that get listed through voting is not that great, they don't deserve binance in the first place and they manage to get listed freely through voting, I won't invest in such coin because the price will surely go down after a while

They were getting listed based on the how much vote that already received but remembers about those coins are not having the strong product. In my experience, if the binance listing will always become the place to sell and that will never become the place to buy before FOMO. That decreases has already shown to us if FOMO will be ended after it will enter the major market.

[thesmallgod]

I think most coins that are always getting listed through voting always end up this way. It is purely pumped and dump and after this happens, the potential coins among them will grow organically. Meaning when the project owner continues developing the project as presented in the roadmap and also making sure that there is a need for the purchase of the token to obtain a product or services. This to me is even better than most of the coins that are being listed on some exchange platform. It is almost impossible to profit if you buy the coin during token sales

[Balladtony77]

I won't expect anything else from such project than price decrease, they only manage to win the voting, nothing else and binance is very picky when they want to list projects on their exchange, not most project that get listed through voting deserve it

[leea-1334]

DUH what were people expecting? You list, you dump. The only way to survive listings is to have a normal project get so popular that exchanges on their own decide to list it because it is a good coin. But does this happen anymore nowadays? Ask Binance, of course not. Worse, Binance even delists their own IEO coins so that shows you just what they really think about those new project coins.

[masterrex]

What can you expect for free listing? It's a wrong perception that any project that listed on Binance is successfully skyrocketed its price, Thats not true I'm using Binance on a daily basis thats why I know what's happening in there. after it was successfully listed most of them are just dump on the first day alone. while other projects that have a good reputation will manage to grow its price but it is only a matter of a few days.

[rdluffy]

It's not an organic way to get listing, people vote to get the coin pumped and them they sell everything when it's at peak
In a mid term, the coins could be good, but only time will tell, it's better to just watch instead of trying to gain money this is because it's very risk, only the ones who are planning this pump/dump will gain money, and sometimes it's just a question of minutes to see a coins being dumped

[TrevorS]

What can you expect for free listing? It's a wrong perception that any project that listed on Binance is successfully skyrocketed its price, Thats not true I'm using Binance on a daily basis thats why I know what's happening in there. after it was successfully listed most of them are just dump on the first day alone. while other projects that have a good reputation will manage to grow its price but it is only a matter of a few days.

Of course, the price increase after listing on Binance is not an axiom, however, from time to time we all encounter this phenomenon, which used to be quite natural and regular, and today has become rare and exceptional. Nevertheless, a competent trader will never miss this rare phenomenon to make money on it.

[Pffrt]

This case seems to be an insider job which is very common in the coin listing. Initially before listing, either someone from the team or Binance had invested heavily and threw on face later.

[Chuky92]

It is a clear fact, the community voted so that they can dump, it is a win-win situation. During the voting process, the coin will surely pump that's for sure and once it eventually wins the voting and gets listed dump will follow suit. Therefore even if the coin is a good one and someone tends to buy and hold, it's better waiting for it to get listed and dump then buy after due diligence. Also, a careful look might also show that most of these coins don't have much to offer but once given the opportunity to participate in community vote, you will see them rising massively.

[betty11]

It appears MBL team dumped on the community, the community was waiting to Lambo, boom the team cash out immediately trade started on binance I sold at loss, and I will never visit MBL market again, because the circulating supply immediately increased after trading on binance started, when I questioned this on their telegram group, one of their admin removed me, I just went to the market and sold off. Stay goodbye forever.

[Bossfidelity]

I'm actually not surprised about the price reduction after the projects lists on binance. It's a known fact that after a surge in value, there's a huge possibility that the value of the tokens would face some level of correction which is experienced with a reduction in the value.