Is Binance indirectly manipulative by promoting Tokens? - page 2.

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Quote from: Ultegra134 on August 10, 2023, 03:27:53 PM

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?

Last time on arkham they integrated a pause on price of the tokens for 5mins If im remember correctly. Not sure if this manipulative but to control the possible volatility sicne before the tokens are suddenly skyrocketed beyond and go down quickly. Maybe because to give way to more buyers.

I am farming these two as well and for sure this could be a good profits to some bnb holders and turns outvto be passive. Refering as promoting could be another way since its a launchpool and not a token sale program. You could say it is too and helps both parties by fees and marketing approach. No harm on that, and I cant see where the part they are manipulating it since its their right to list projects that they deemed worth listing.

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Quote from: Ultegra134 on August 10, 2023, 07:08:17 PM

Certainly, Binance isn't to blame for people trying to take advantage of these hypes, but to me, it looks like a poor and short-term way to promote and manipulate random tokens.

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.

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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.

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Quote from: Ultegra134 on August 10, 2023, 03:27:53 PM

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?

Most often, those promotions are not only for newly created tokens but also for already existing tokens that are finally coming to list on Binance. There was a time some years ago that I was moderating a project telegram group. That project submitted a listing proposal to Binance Exchange about twice, and it got rejected because they were unable to meet all the requirements of Binance Exchange before they could list the token. I know that Binance Exchange has several characteristics they consider in a project before they can actually agree to promote and list it, and before any project is promoted by Binance, they might have met the requirement. With that, I don't think Binance just manipulates the price of those new or old coins, but rather, with the approach of their airdrop, farming, and louchpad, they only make the coin really known by many people, and after it's finally listed, the price usually shoots up before it begins to correct because of the great number of people that are rushing to buy the token. Perhaps Binance gets paid for the service they offer, so after receiving payment, they make sure that the project gets wide exposure.

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Yes they do, Binance has the great ability to influence the price of many altcoins and tokens with low market capacities, and if it wants to, it can either through Launchpad or by showing it in the main menu. I remember that this is what happened with Shiba Inu coin. This currency is not much different from any other cryptocurrency other than that it has been promoted in a Good way, and I think they paid Binance for that or got a good percentage of it.

In terms of listing any cryptocurrency on Binance, developers pay for the inclusion of that currency, and then Binance makes great gains from listing, not to mention deals that may happen under the table.

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Quote from: Ultegra134 on August 10, 2023, 03:27:53 PM

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 never been a fair game. In the world today, people use their influence to get what they want. Binance is simply ising their influence to get these projects to launch on their platform. The projects get their token value fairly priced in (or should I say pumped) and binance takes plenty of that liquidity. Win-win situation. Can it be regarded as manipulation? I'm not entirely sure (i'm not a legal or psychology expert) but it looks more like a partnership vs manipulation.

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This is just marketing and a way for Binance to be doing business...now as to the question whether this can be manipulation well that is a huge thing to prove or disprove. Binance is a business entity and has to be making good profits all the time otherwise it would stop and file for bankruptcy. What it is doing is promotion and in our commercialized world promotions are found everywhere including the crypto industry. In case, a project promoted under the Binance platform can go down under then the responsibility is with the people behind the project and we can then ask Binance to vet well next time. I don't equate promoting to manipulation because right now we should be intelligent enough and maybe even experienced enough to determine which of the crypto assets - new or old - we should be supporting for and also make some profits from.

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I guess its just the demand that causes the price to be sky rocketing at the first second of listing, after all, if you farmed the coins you know how hard it is to get eligible, because the qualification for eligibility is rather enigmatic, and hard to predict.
i'd say maybe the increase might seem like its being manipulated, nowadays the coin that gets listed by them are always having that kind of first minute pump in which gonna increase massively that binance themselves have imposed the limit at how much the price could increase, they've already put a limit towards the coin increase itself.
therefore instead I think they are keeping the coin from being valued too much just to maintain equilibrium.

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Quote from: rhomelmabini on August 10, 2023, 05:16:18 PM

It's just business but likely you could be right on it, we don't know for sure but I think not all pumped the way it does for their listed tokens on the platform but mostly all as I see it as well. The thing is, they're not launching it frequently anymore unlike in the past that almost everyday there's a newly listed token.

That's true, they used to be listing tokens on an almost daily basis. They've stopped now, could it have something to do with the SEC lawsuit? Who knows.

Quote from: cabron on August 10, 2023, 04:50:29 PM

They wouldn't be promoting tokens if they are not profiting from it. the coinmarketcap itself is really one big stash of token promotion. Those trending tokens on top of its site are advertising the top gainers.

And they do have the launchpad as well which is kind of promoting a token that is still in the ICO phase. Investing in those tokens is pretty much worthwhile though, it does look like a guarantee for those token to succeed.

Certainly, in business, it's all about money. However, doesn't this resemble a pump-and-dump scheme? One of the coins I tried participating in during one of their launches was Alice. It was pumped the second it was officially launched for trading, but died down shortly after when the hype slowly decreased, and now it's barely surpassing $0.90. Certainly, Binance isn't to blame for people trying to take advantage of these hypes, but to me, it looks like a poor and short-term way to promote and manipulate random tokens.

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Quote from: Ultegra134 on August 10, 2023, 03:27:53 PM

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?

It's just business but likely you could be right on it, we don't know for sure but I think not all pumped the way it does for their listed tokens on the platform but mostly all as I see it as well. The thing is, they're not launching it frequently anymore unlike in the past that almost everyday there's a newly listed token.

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Quote from: riantolie on August 10, 2023, 04:25:00 PM

Of course they profiting from that. Token creators most likely pay them to be added and to make airdrops. Binance usually announces things like that and no one would do that for free.

They wouldn't be promoting tokens if they are not profiting from it. the coinmarketcap itself is really one big stash of token promotion. Those trending tokens on top of its site are advertising the top gainers.

And they do have the launchpad as well which is kind of promoting a token that is still in the ICO phase. Investing in those tokens is pretty much worthwhile though, it does look like a guarantee for those token to succeed.

Johnyz

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They are guys promoting the project so they can get something from it as well, this is business after all so profit will always be the priority. Though I don’t see manipulation with regards to its price movement, the market of Binance is huge that’s why the target of many good projects are to be listed on Binance. The airdrop, launchpad or whatever kind of strategy with Binance is part of their agreement for sure since Binance can’t do that alone.

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Quote from: Ultegra134 on August 10, 2023, 03:27:53 PM

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?

It's really hard to say as we don't have the proof, but if you look at it, it's all business my friend. If they can make money out of this tokens by doing the promotions that you have said, then it's up to us whether to fall for their trick or not.

Again, they have been accused of manipulation in the past, but CZ can put it as something that we can't do anything about it for now as they are the top exchanges, admit it or not.

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Quote from: Ultegra134 on August 10, 2023, 03:27:53 PM

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.

riantolie

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Of course they profiting from that. Token creators most likely pay them to be added and to make airdrops. Binance usually announces things like that and no one would do that for free.

Ultegra134

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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?

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