Changpeng Zhao, the co-founder of Binance, has sparked debate as soon as once more over the itemizing of Take a look at Token (TST) on the alternate.
The controversy started when Zhao shared a tutorial video involving the token, which led to a sudden surge in its value. Nevertheless, he rapidly clarified that his involvement was purely instructional, and he didn’t endorse the token.
Regardless of this, Binance went forward and listed TST, which drew criticism from the crypto group, questioning why a token with unclear fundamentals was allowed on the platform.
This case has raised questions on whether or not Zhao is altering his focus. Recognized for prioritizing essentially robust tasks, his help for the TST token, which some think about a meme coin, has left many questioning if he’s transferring away from his earlier stance.
Zhao responded by stating that he wasn’t concerned within the itemizing course of and defined that exchanges are below strain to record standard tokens with excessive buying and selling volumes. He emphasised that profitable tasks don’t have to depend on exchanges for visibility.
Zhao additionally addressed issues concerning the itemizing course of itself, which he admitted was flawed. He identified the volatility created by the four-hour window between itemizing bulletins and precise listings.
This typically causes tokens to surge on decentralized exchanges earlier than they seem on centralized exchanges. Whereas he acknowledged the difficulty, he agreed with strategies to align the itemizing occasions between CEX and DEX, although he famous that he not runs a centralized alternate.
