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If Binance is committed to this, then we should see more projects at the application layer getting listed in the coming months and that will broaden the market rally to a wider group of tokens. There are lots of good projects that have been starved of funding at the application…
and with that — low float, high FDV tokens are once again okay and will rampant in the industry until the next doomsday
UPDATE: @binance shifts focus to small and medium-sized tokens, prioritizing community allocations and sustainable market practices amid overvaluation issues. More details…↓ #Binance (By: @ComposableD) https://t.co/iY64zLOTYe
Recent discussions in the cryptocurrency community have focused on the challenges posed by low float, high fully diluted valuation (FDV) tokens. Concerns include the capture of value in private markets before public launch, leading to overvaluation. Binance has responded by promising to prioritize smaller projects and community rewards over high-FDV listings.