Crypto Chaos: CZ’s Laughable Listing Dilemma! 😂

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Oh, gather ‘round, dear readers! Have you heard the latest chatter from Changpeng “CZ” Zhao, the jolly co-founder of Binance? This week, he’s been wagging his finger at the discombobulated token listing process on those trusty centralized exchanges (CEXs). Imagine! A process so topsy-turvy that tokens are bouncing up and down like a rubber ball on a trampoline! 🏀

“As I sit back like a wise old owl, I must say, the Binance listing process is a smidge broken,” CZ quips. “They announce it, then poof! Four hours later, the token is listed! During that time, the prices skyrocket on decentralized exchanges (DEXs) faster than you can say ‘cryptocurrency,’ only for those cheeky souls to sell their stash on poor ol’ CEX afterwards.” What a kerfuffle! 🤭

But wait! There’s more—a maddening maze of muddled issues at play! 🤔

From User Numbers to Market Dynamics: What Gives? 🤷‍♂️

Once upon a time, CZ strutted about proclaiming, “We must have a LARGE number of users!” like a ringmaster at the crypto circus. But now? Now, if you blink twice, a project with a snazzy new token can watch its price soar on a DEX before the CEX crowd even wakes up! What’s happened to his beloved “large number of users”? Have they vanished into thin air? Poof! 🎩✨

With the crypto realm swarming with madly quick token launches—over a million every month, can you believe it?—the daily struggle for good ol’ “utility” is fading faster than a summer breeze. How could you, dear crypto enthusiasts, possibly commit to a sleepy utility-driven project when the allure of quick gains from the latest memecoins is beckoning like a glittering treasure chest? 💰

The Secretive CEX Listing Path: Like Navigating a Maze! 🐭

Now, fear not, getting a token listed on a DEX is a stroll through candyland! Just create a token and have it dance beside established assets like USDT or ETH. Simple as pie! 🍰 But just wait—scaling the heights of CEX? Oh, that requires a checklist longer than a Christmas shopping list! You’ve got to prove you’ve got the tech, the traction, and a community that’d rally behind you like a rowdy cheerleading squad. 📣

And oh, let’s not forget about those lumbering VCs lurking in the shadows! It’s like a game of Monopoly where only the lucky players get the fancy properties while everyone else is left scraping by! Thank you, very much! 🏦

Token Numbers and Liquidity: The Confounding Conundrum! 🔍

When CZ spoke of “users” back in the raucous days of 2021, tens of thousands of projects were popping up like daisies. Fast forward to 2024, and here we are with over 1.4 million new tokens sprouting up every month—talk about an explosion of creativity! 🌼


CEX Listing Impact: Oh What a Jumble! 💥

So here we stand, staring at this hodgepodge of token chaos! To list on both DEXs and CEXs, projects require liquidity like a hamster needs its wheel! But good luck finding that sweet liquidity in this mad rush—it’s a miracle waiting to happen! 🐹

CEXs once served as our trusty gatekeepers filtering out the dubious projects. But now? With Zelensky—um, I mean CZ—whining for reforms, overdoing it could lead to utter disarray! There, you have it! An adventure filled with laughs, twists, and maybe a few tears. Stay tuned for more, my friends! 😅

2025-02-14 18:47