Is Binance indirectly manipulative by promoting Tokens?

[cryptoaddictchie]

I believe with Binance is top trusted exchange without manipulative when listing new coins, probably have with failed coins when listing on Binance but is not totally fault from Binance.

Actually they said its an experimental and will not be the automatic norm for every project out there. Plus this is a launchpool so Im not sure what would be the listing approach on 15th especially there are two coins to be listed at the same time. For me the 5mins break isnt that much of an issue if this token or project is gonna go beyond that then so be it. Or this is a chance to buy for some who wanted without that much higher pressure than 10x price.

[makishart]

Hello there,

I don't know how exactly to phrase it, nor do I know if what I say is accurate; it's just how I see it. Binance has been frequently indirectly promoting newly launched tokens on their platform, either by airdropping them, by completing quizzes, through pre-sales, or by farming them through their Launchpad. What are your thoughts on this? Could we claim that it's some sort of manipulation since a large number of these tokens that are listed through one of the previously mentioned ways are pumped the moment they are launched in the market and start being traded? I don't have many examples right now because I've stopped tracking how many new tokens are being added on a weekly basis, but for instance, Binance is now offering to farm CyberConnect and SEI, which I'm also farming myself. There's no information about their price, nor can they be traded on the platform yet, but I wouldn't be surprised if they're hyped the moment they're launched.

I have learned that from SUI, ID, or even arkham if binance will always become the last exchange that was opening the trade for those coins. You can check the price of SEI on bitmex. Even thought that was still future and it can be a good representation for you to specualte how much you will get from farming SEI. The price from cyber is still remain unknown at this moment but i think that will not be so far from the ico price which was around $1.8

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

It's a way for binance to get liquidit from the market by offering farm. It's also a way for binance to promote the token/coin gonna be lanched on the exchange site. It's not a kind of manipulation but i prefer to call that as a promotional effort by the project itself.
The developers of those coins already agreed to give some tokens to be farmed through launch pool.

[bussybuddy]

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

The fact is, in the modern world, power and influence are often used to achieve goals. It can be seen that there is a partnership between exchanges like Binance and crypto projects. Both parties benefit from this, with projects receiving high token values ​​after listing and exchanges having increased liquidity.

Despite concerns about the potential for manipulation, it is important to evaluate it from a variety of perspectives, including legal and psychological. This helps us to have an overall view and better understanding of this complex situation.

[bluebit25]

The general context of the current market when the money flow into the market is not much, and observing that most of the projects launched recently, they have a vestting schedule for the next 1 year, and I don't think there will be a pump strong enough to attract attention. There is still a lot of time and opportunity to prepare for accumulation, some recent names like CYBER and SEI I see they are both quality projects with good backers to build the project but it takes time to be able to thrive, moreover the community around I see just being interested in different airdrops from projects, and indeed as many things have happened in history I think this is the right time to launch a project and prepare for the next bullrun.

[o48o]

Hello there,

I don't know how exactly to phrase it, nor do I know if what I say is accurate; it's just how I see it. Binance has been frequently indirectly promoting newly launched tokens on their platform, either by airdropping them, by completing quizzes, through pre-sales, or by farming them through their Launchpad. What are your thoughts on this? Could we claim that it's some sort of manipulation since a large number of these tokens that are listed through one of the previously mentioned ways are pumped the moment they are launched in the market and start being traded? I don't have many examples right now because I've stopped tracking how many new tokens are being added on a weekly basis, but for instance, Binance is now offering to farm CyberConnect and SEI, which I'm also farming myself. There's no information about their price, nor can they be traded on the platform yet, but I wouldn't be surprised if they're hyped the moment they're launched.

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

You get airdropped tokens because team is airdropping them to wallets that are holding some other specific tokens. Cexes are not even distributing every airdrops, just the most anticipated ones. It used to be so that not every exchange even bothered to do the airdrops and kept the tokens airdropped themselves.

Farming is more complicated issue and i can't figure out how is that still legal in cexes. It's not price manipulation imho, and while i am not legal expert, it could break some other laws on securities and marketing. It might just be because regulations haven't catched up. And "staking", when it's not real staking is problematic.

Quizzes at least to my knowledge is part of dev team sponsored marketing to bring awareness about the coin, and the things that it's supposed to solve.

I see trading competitions, that are just volume competitions more blatant market manipulation and i don't know why that hasn't been dealt with yet by regulators

[fmz89]

anything thats has big fanbase support binance will list or part their ecosystem, and as i remeber, cz will list token/coin that has big community/supporter behind that
it should affect the price yea, is manipulative maybe yes and no, sometimes its just listing without any price movement before and after

[Ultegra134]

Image Source: https://twitter.com/binance/status/1689305543033376768

You mean like the picture above right? I can't say their activities are activities that indirectly manipulate, why? Is Binance a non-profit organization? of course not, right? So I think about pumping or influencing is a part of them, they do it because they will benefit from it. Talking about manipulation, where are they manipulating? it's part of the Binance partnership as well as related tokens.

Yeah, these are the latest two ones, there were also Arkham and Pendle coin a few days ago. They will also be listed on 15th of August if I remember correctly, thus, there should be some market hype at the moment they're launched for trading.

So, what are you expecting? Binance isn't to be blamed, but you're don't like them to promote those shitcoins, which one should be blamed then?

If you don't like Binance by doing this, you can stop using exchange and run a campaign to get awareness by supporting your movement. Most of cryptocurrency are pump and dump coins, Binance should have remove most of the listed coins since only few coins are definitely not pump and dump.

I'm not blaming Binance, nor am I a fanboy of them, it's just looking a bit manipulative to promote coins that are hyped the moment they're launched into the platform. It's business, however, their developers pay large amounts of money to be listed on Binance. It's no different from paying a digital marketing company for promotion.

Good impact what Binance rule regulation about 5 minutes pause time for selling coins above x10 from pre sale price, arkham is the first rule adopted by Binance with selling price x10 from pre sale but what possibility with new launcpool and there are not pre sale price. Usually all new coins when listing on Binance has potential growing up more than x10 exactly with Lauchpad coins with much profitable. Have weakness with Binance on launcpad reward allocation due investor have much money automatically have bigger reward coins allocation from launchpad or launchpool.

I believe with Binance is top trusted exchange without manipulative when listing new coins, probably have with failed coins when listing on Binance but is not totally fault from Binance.

Generally, a few of the coins that I've noticed being promoted weren't crap projects at least. CyberConnect and SEI don't look too bad themselves and have some potential and purpose in them. I'm not sure if that's been done on all their promotions of course, probably not.

I have learned that from SUI, ID, or even arkham if binance will always become the last exchange that was opening the trade for those coins. You can check the price of SEI on bitmex. Even thought that was still future and it can be a good representation for you to specualte how much you will get from farming SEI. The price from cyber is still remain unknown at this moment but i think that will not be so far from the ico price which was around $1.8

It's a way for binance to get liquidit from the market by offering farm. It's also a way for binance to promote the token/coin gonna be lanched on the exchange site. It's not a kind of manipulation but i prefer to call that as a promotional effort by the project itself.
The developers of those coins already agreed to give some tokens to be farmed through launch pool.

I'm quite surprised, I hadn't seen SEI being traded anywhere, but there it is, at approximately $0.20 per coin, not too bad and this number is expected to rise after it's listed on Binance.

[nakamura12]

It could be yes and it could be no unless you ask them and will tell you everything or what you wanted to know. If binance will earn from the coin or tokens if they promote it then why not. if you ask me what I think about them then this is my answer for that, what I think about binance is that it is a business which means whatever they can find that will be profitable for them then they will surely add it or promote it. It's a business after all that's why there's a lot of tokens that can be bought in binance and also they will add new tokens or coins in the future.

[kentrolla]

This has been modus operandi of Binance for a while now as they will have new tokens or tokens listed on other exchanges like gate.io etc and once the announcement is made about Binance listing the price of tokens sky rockets only to be dumped hard even to an extend less than what they were trending pre Binance listing. It's like playing with its users trust because we trust Binance and assume that if a token is getting listed in Binance then it would be worthy. We need to start doing more research instead of blindly following Binance.

[Rengga Jati]

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

What is clear, they do it to get profits and some other benefits. Listing coins or tokens on Binance is not cheap. Actually, the origin of a new token or coin that is listed on Binance can be considered quite serious because we may know a little about the description of the listing price there. So if they are promoting new tokens or coins, that is only part of the service they offer. Usually, the project will be hype there, this is one that new projects are looking for.

And on the other hand, whether it's truly legit or shit coins, it's clear that if the tokens or coins are ultimately unable to survive, they will also delist those tokens or coins. So that quality control on this one exchange is not so easy.

[KingsDen]

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

Probably yes, probably not, It's actually hard to tell.
I think Binance is making money by simply listing those new token because they know there's a demand and hype for it and there's a listing fee as well. This is not a manipulation though since they are the exchanges and its their job to list crypto so they can offer it to the public. This is cryptomarket and we cannot blame Binance for listing a new token and then later on, the price will dump because its driven by the demand and supply and not because of Binance itself.

We understand that it is the duty of binance to list coins because it is their business and from coin listing they will make their money. That is not a problem to the creator of the topic. But what I understood is that the topic creator is being anxious to understand while apart from listing the coin, binance goes further to promote such coins and also offer air drops and farm such coins. This means the owners of such a project paid more than money for listing. They must have entered into some kind of closed door partnership with binance and pay more money in order for their token to be hyped.

I cannot categorically accuse binance, but I know since everything is centralised. There are some kind of secret deal or conspiracy behind the scene which one of the reasons SEC is mad at them.

[Quidat]

Hello there,

I don't know how exactly to phrase it, nor do I know if what I say is accurate; it's just how I see it. Binance has been frequently indirectly promoting newly launched tokens on their platform, either by airdropping them, by completing quizzes, through pre-sales, or by farming them through their Launchpad. What are your thoughts on this? Could we claim that it's some sort of manipulation since a large number of these tokens that are listed through one of the previously mentioned ways are pumped the moment they are launched in the market and start being traded? I don't have many examples right now because I've stopped tracking how many new tokens are being added on a weekly basis, but for instance, Binance is now offering to farm CyberConnect and SEI, which I'm also farming myself. There's no information about their price, nor can they be traded on the platform yet, but I wouldn't be surprised if they're hyped the moment they're launched.

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

Its all business and it would really be just that normal on having the approach that they would really be dealing up with something specially if a certain project does have that huge community support or
something we do speak about hype because they do know that they could benefit from that on which it isnt really that shocking nor new anymore that they would really be having such behavior. If you do look that it is really that some sort of being manipulative then its your choice or impression which i dont really consider on arguing either because they would really be having all the rights and power on doing so if ever they would be deciding on recommending something or having those kind of launches and farming type. What matter the most is that if they do see that there's a huge engagement on the community or interest then they would really be grabbing that kind of opportunity for them to make money which its always been a business which it would really be a normal approach for something like
this and not new anymore.

[JeffBrad12]

anything thats has big fanbase support binance will list or part their ecosystem, and as i remeber, cz will list token/coin that has big community/supporter behind that
it should affect the price yea, is manipulative maybe yes and no, sometimes its just listing without any price movement before and after

listing based on popularity is outdated nowadays, many are preferring to list new project that they have already reviewed.
but its true that binance really like listing coin that have massive community behind them.
but for investors like us, investing in coins thats new, quite popular and also have the chance of increasing really fast like they are at initial stage of presale
is more beneficial, talking about binance manipulative behaviour, i don't think there's any, binance even limit the increase of certain coins when trade is open.

[SUPERSAIAN]

Binance profits from almost everything it does, and if you're in the finance business, it's all about profitability. They are very selective in their start-up projects and choose good projects, while they are listing, of course, not all of them, but usually they come out of the launchpads via binance and have made plenty of x projects. They don't collaborate with unpopular projects. plays like it should CZ

[Ultegra134]

What is clear, they do it to get profits and some other benefits. Listing coins or tokens on Binance is not cheap. Actually, the origin of a new token or coin that is listed on Binance can be considered quite serious because we may know a little about the description of the listing price there. So if they are promoting new tokens or coins, that is only part of the service they offer. Usually, the project will be hype there, this is one that new projects are looking for.

And on the other hand, whether it's truly legit or shit coins, it's clear that if the tokens or coins are ultimately unable to survive, they will also delist those tokens or coins. So that quality control on this one exchange is not so easy.

Certainly, crap or scam coins aren't easily listed on Binance, not only because they require an extravagant amount of money but also because they need to meet certain requirements. That perhaps means that these coins are relatively valid projects with a probable cause, which could maybe deem them decent investment opportunities.

We understand that it is the duty of binance to list coins because it is their business and from coin listing they will make their money. That is not a problem to the creator of the topic. But what I understood is that the topic creator is being anxious to understand while apart from listing the coin, binance goes further to promote such coins and also offer air drops and farm such coins. This means the owners of such a project paid more than money for listing. They must have entered into some kind of closed door partnership with binance and pay more money in order for their token to be hyped.

I cannot categorically accuse binance, but I know since everything is centralised. There are some kind of secret deal or conspiracy behind the scene which one of the reasons SEC is mad at them.

I don't really mind Binance doing this, as I'm not really after altcoins. My only involvement with altcoins is through Binance's promotions, BNB, in which I've invested, and some LTC, because I believe that it's showing potential. My thought is that these projects that are being promoted are at least somewhat legit to be let into Binance, and I'm hoping that they at least do some background checks to verify that they're not scam coins.

Binance profits from almost everything it does, and if you're in the finance business, it's all about profitability. They are very selective in their start-up projects and choose good projects, while they are listing, of course, not all of them, but usually they come out of the launchpads via binance and have made plenty of x projects. They don't collaborate with unpopular projects. plays like it should CZ

Right, the startup business is pretty similar, the startups that manage to receive funding are only a few out of hundreds of projects. Something similar perhaps occurs on Binance with token listings.

[Wexnident]

Hello there,

I don't know how exactly to phrase it, nor do I know if what I say is accurate; it's just how I see it. Binance has been frequently indirectly promoting newly launched tokens on their platform, either by airdropping them, by completing quizzes, through pre-sales, or by farming them through their Launchpad. What are your thoughts on this? Could we claim that it's some sort of manipulation since a large number of these tokens that are listed through one of the previously mentioned ways are pumped the moment they are launched in the market and start being traded? I don't have many examples right now because I've stopped tracking how many new tokens are being added on a weekly basis, but for instance, Binance is now offering to farm CyberConnect and SEI, which I'm also farming myself. There's no information about their price, nor can they be traded on the platform yet, but I wouldn't be surprised if they're hyped the moment they're launched.

What are your thoughts on this? Do you believe that it's a kind of manipulation and/or some sort of reward for Binance for promoting newly created tokens?

I don't think so. Binance is a platform for tokens/coins, so I reckon projects just pay Binance to promote said tokens after a regulatory check. Said regulatory check doesn't really give a damn about the use case of the project, so even if it wasn't cheap, as long as they pass some of the checks, then they'd probably be allowed to launch their tokens. In the end, Binance is still a platform aimed to make money, so it isn't really odd that they're trying to accept coins that they can actively promote and sell to others. They might also have a separate contract for when tokens are launched that they advertise, so more money for them as well.

In the end it isn't really manipulative of them if the users themselves know that Binance as a platform aims to market coins to them. Advertisements aren't a law that you need to follow, they're guides to what projects are actively trying to promote their project to big platforms.