CZ批評Binance的令牌上市過程，稱其為“有點破碎”

Binance前首席執行官Changpeng Zhao（CZ）批評了該交易所的代幣上市流程，稱其對市場價格的影響“有些破壞”。

Changpeng Zhao (CZ), the former CEO of Binance, has taken to social media to criticize the exchange's token listing process, highlighting its impact on market prices and describing it as “a bit broken.”In a series of posts on social media platform X on February 9, CZ shared his observations on how Binance's practice of announcing token listings four hours before trading starts often leads to sharp price surges on decentralized exchanges (DEXs) before activity begins on the centralized exchange (CEX).

Binance的前首席執行官Changpeng Zhao（CZ）已進入社交媒體批評交易所的令牌上市流程，強調了其對市場價格的影響，並將其描述為“有些破壞”。在社交媒體平台上的一系列帖子中X在2月9日，CZ分享了他關於Binance在交易開始前四個小時宣布代幣清單的實踐的觀察，通常會導致分散交易所（DEX）在集中式交易所（CEX）開始之前的分散交易所（DEX）。

Specifically, CZ's comments were prompted by the recent Test Token (TST) listing on Binance. He clarified that TST was created by an exchange tutorial author as a test asset and had no official endorsement from Binance or himself. Despite this, the token saw a surge in price due to speculation before being traded on the CEX.

具體而言，最近的測試令牌（TST）列出了CZ的評論。他澄清說，TST是由交易所教程作者創建的，是一項測試資產，沒有義務或他本人的正式認可。儘管如此，由於猜測在CEX上進行交易，因此代幣的價格激增。

“As an observer, I think the Binance listing process is a bit broken,” CZ wrote. “The notice period is necessary, but in those four hours, token prices go high on DEXs, and then people sell on CEX.”

CZ寫道：“作為觀察者，我認為二元列表過程有些破壞。” “通知期是必要的，但是在那四個小時內，代幣的價格上漲了DEX，然後在CEX上出售的人。”

While acknowledging the challenges exchanges face in determining which tokens to list, he added: “Not sure if there is a solution for this though. Just beware.”

他在確定要列出的代幣時承認交流面臨的挑戰時，他補充說：“不確定是否有解決方案。只是當心。”

CZ also addressed broader concerns and explained why certain tokens get listed faster than others, highlighting the competitive pressure among exchanges. “Exchanges must compete to list popular coins (with trading volume) as early as possible,” he stated.

CZ還解決了更廣泛的問題，並解釋了為什麼某些令牌被列出的速度比其他代幣更快，從而突出了交流之間的競爭壓力。他說：“交流必須競爭以儘早列出受歡迎的硬幣（具有交易量）。”

“If your coin is actively sought after by traders, you don't need to talk to exchanges. As I always say, work on your project, not the exchanges.” This highlights the market-driven nature of token listings, where user demand and trading volume play a key role in determining which tokens make it onto major exchanges.

“如果您的硬幣是由交易者積極尋求的，則無需與交流進行交談。正如我一直說的那樣，在您的項目上工作，而不是交流。”這突出了以市場驅動的列表的性質，用戶需求和交易量在確定哪些代幣將其在主要交易所中起著關鍵作用。

CZ further responded to questions regarding his involvement in meme coins and his evolving stance on crypto assets. He clarified that he has not personally bought any meme coins and remains focused on fundamentals rather than hype-driven assets.

CZ進一步回答了有關他參與模因硬幣以及他對加密資產的不斷發展的立場的問題。他澄清說，他沒有親自購買任何模因硬幣，而是專注於基本面而不是炒作驅動的資產。

“I haven't bought a single meme coin so far,” he stated. However, he also emphasized that not investing in meme coins does not mean he disapproves of them, adding:

他說：“到目前為止，我還沒有購買任何模因硬幣。”但是，他還強調，不投資模因硬幣並不意味著他不贊成它們，並補充說：

“Not ‘into’ something doesn't mean I am against it. I am not into sports cars; I don't collect art; I haven't bought any NFTs; I also haven't bought most altcoins (I hold BTC and BNB).”

“不是'進入'並不意味著我反對它。我不喜歡跑車；我不收集藝術；我沒有買任何NFT；我也沒有購買大多數山寨幣（我持有BTC和BNB）。”

CZ's remarks have sparked discussions among traders and regulators regarding the impact of exchange listing practices on market prices and the potential for artificial price inflation on DEXs before CEX listings. While Binance has yet to comment on CZ's statements, these discussions may lead to calls for greater transparency and measures to ensure fair market activity.

CZ的言論引發了交易者和監管機構之間的討論，涉及交換上市實踐對市場價格的影響以及在CEX上市之前對DEX的人造價格通脹的潛力。雖然Binance尚未對CZ的陳述發表評論，但這些討論可能會導致呼籲提高透明度和確保公平市場活動的措施。