Binance聯合創始人撕裂了平台的“破碎”令牌列表過程，呼籲類似DEX的“自動”列表

Binance聯合創始人兼前首席執行官Changpeng Zhao表示，加密貨幣交易所的令牌上市過程有缺陷，呼籲改進如何改善

Binance co-founder Changpeng Zhao (CZ) has called for improvements to how centralized cryptocurrency exchanges (CEXs) handle new listings, highlighting the flaws in the current system.

Binance聯合創始人Changpeng Zhao（CZ）呼籲改進集中式加密貨幣交換（CEXS）如何處理新列表，從而突出了當前系統中的缺陷。

Cryptocurrencies that get listed on major CEXs, such as Binance, Coinbase or Kraken, are usually in high demand by investors. This is because CEX listings provide a large amount of new liquidity, which can boost the coin’s price performance after listing. However, CZ said the listing process is broken.

投資者的需求量很高，這些加密貨幣（例如Binance，Coinbase或Kraken）列出的加密貨幣通常在很高的需求中。這是因為CEX列表提供了大量新的流動性，這可以在上市後提高硬幣的價格性能。但是，CZ說上市過程被打破了。

This is primarily due to the short time frame between the announcement and the listing itself. According to CZ, the announcement of a new listing typically leads to a surge in the token's price on decentralized exchanges (DEXs) in the lead-up to the CEX listing. However, traders then sell the token on the CEX once it gets listed, leading to a sharp drop in the token's price.

這主要是由於公告和列表本身之間的時間範圍很短。根據CZ的說法，新列表的宣布通常會導致在CEX上市列表中的分散交易所（DEX）的代幣價格上漲。但是，一旦列出，交易者就會在CEX上出售令牌，從而導致令牌的價格急劇下降。

CZ highlighted this dynamic in a Feb. 9 post on X, a decentralized blogging platform from the Four.Web domain, where he wrote:

CZ在2月9日在X上的帖子上強調了這種動態，這是他寫的四個Web域的分散博客平台：

“They announce, then list 4 hours later. The notice period is necessary, but in those 4 hours, the token prices go high on DEXes, and then people sell on CEX.”

“他們宣布，然後在4小時後列出。通知期是必要的，但是在那4個小時內，代幣的價格上漲了，然後在CEX上出售的人。”

CZ's remarks come shortly after Binance listed the Test (TST) token, which was picked up by investors as a meme token despite being initially created as part of the BNB Chain's tutorial.

Binance列出了測試（TST）令牌後不久，CZ的講話是在投資者將其作為模因令牌接收的，儘管最初是作為BNB Chain教程的一部分而被創建的。

TST/USD, market cap, all-time chart. Source: CoinMarket

TST/USD，市值，歷史圖表。資料來源：Coinmarket

The TST token surged to a peak market capitalization of about $489 million on Feb. 9 before falling over 50% to the current $192 million, CoinMarketCap data shows.

CoinMarketCap數據顯示，TST代幣在2月9日飆升至市值約4.89億美元，然後下跌了50％，至目前的1.92億美元。

The TST token's name was briefly uncovered for about one second in a BNB Chain tutorial video for its Four.Meme platform, which was created solely for testing purposes.

TST令牌的名稱在BNB鍊鍊教程視頻中的Fout.meme平台中簡要介紹了大約一秒鐘，該平台僅用於測試目的。

TST token in BNB Chain training video. Source: Lamaxbt

BNB連鎖培訓視頻中的TST令牌。資料來源：Lamaxbt

Despite CZ clarifying that the video was “not an endorsement” of the token, several China-based influencer communities started promoting it and driving up its market cap.

儘管CZ澄清說，該視頻不是代幣的“認可”，但幾個總部位於中國的影響者社區開始推廣並提高其市場上限。

Following the TST coin's surprising surge, CZ agreed that there is a need for improvement in CEX listing procedures.

在TST硬幣令人驚訝的激增之後，CZ同意需要改進CEX上市程序。

According to CZ, one potential solution would be for CEXs to implement automatic token listing procedures, similar to those used by DEXs. He said this could help reduce the time lag between a token's announcement and listing on a CEX.

根據CZ的說法，一種潛在的解決方案是使CEX實現自動令牌清單程序，類似於DEX使用的程序。他說，這可能有助於減少令牌公告和在CEX上列表之間的時間滯後。

CZ added that his remarks were made as an “outsider” who is “not involved in the listing process” on Binance or other CEXs.

CZ補充說，他的言論是作為“局外人”的“局外人”，他“不參與二心或其他CEXS的上市過程”。

However, CZ's comments may carry extra weight considering his role as co-founder of Binance, the world's largest cryptocurrency exchange by trading volume.

但是，考慮到他作為Binance的聯合創始人的角色，CZ的評論可能會帶來額外的權重，這是全球最大的加密貨幣交易所通過交易量進行的角色。