Is Binance indirectly manipulative by promoting Tokens?

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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?

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.

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Quote from: Rengga Jati on August 12, 2023, 05:12:10 PM

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.

Quote from: KingsDen on August 12, 2023, 05:34:45 PM

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.

Quote from: SUPERSAIAN on August 12, 2023, 06:38:05 PM

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.

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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

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Quote from: fmz89 on August 12, 2023, 08:15:06 AM

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.

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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?

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.

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Quote from: goaldigger on August 10, 2023, 04:30:22 PM

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.

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.

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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?

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.

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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.

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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.

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Quote from: MAAManda on August 11, 2023, 07:29:28 AM

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.

Quote from: Apocollapse on August 11, 2023, 08:36:14 AM

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.

Quote from: Oneandpure on August 11, 2023, 12:05:37 PM

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.

Quote from: makishart on August 11, 2023, 12:59:37 PM

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.

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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

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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?

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

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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.

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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?

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.

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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.

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

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 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.

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Quote from: Oneandpure on August 11, 2023, 12:05:37 PM

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.

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Quote from: cryptoaddictchie on August 11, 2023, 08:37:05 AM

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.

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.

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Maybe because they are benefiting from this, as long as there's no legal liability, they will continue to bolster their current position. They invested a lot of money in their exchange and even purchased CoinMarketCap, giving them a bigger influence on the overall market. So as investors, we have to be cautious and do our own research (DYOR), as that's necessary when investing in a high-risk market.

There are even rumors that Binance has been manipulating their trading volume, but up until now, they still haven't faced a legal battle related to it.

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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?

Binance is not a index or a regulating body. It's a profit driven business and it would certainly try anything to increase its profit. Be it luring naive investors and traders in buying some useless tokens. And yes binance directly and indirectly profits from it.
That's why every investors and traders should do their own research and consider every emails, web notifications and announcements from any of the exchanges as advertisements.

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Maybe yes or maybe no. It's really hard to know given that binance is the number one centralized exchange right now and project owners really strives launching their project or listing their tokens on that exchange because it's a big deal on their own communities. Most of project who are listed on their launch on binance receives a good support because we all know that mot every project can be listed or accepted by binance, it's an achievement for them to have binance with them. I think binance promoting them is somehow the support they give to the project or a promotion for their own platform. Launchpad or anyway that people interacts, binance is surely generating some money from it. It's hard to tell to be honest.

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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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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.

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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.

Ultegra134

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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.

rhomelmabini

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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.

cryptomaniac_xxx

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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?

Topic: Is Binance indirectly manipulative by promoting Tokens? (Read 208 times)