Binance联合创始人撕裂了平台的“破碎”令牌列表过程，呼吁类似DEX的“自动”列表

Binance联合创始人兼前首席执行官Changpeng Zhao表示，加密货币交易所的令牌上市过程有缺陷，呼吁改进如何改善

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联合创始人Changpeng Zhao（CZ）呼吁改进集中式加密货币交换（CEXS）如何处理新列表，从而突出了当前系统中的缺陷。

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.

投资者的需求量很高，这些加密货币（例如Binance，Coinbase或Kraken）列出的加密货币通常在很高的需求中。这是因为CEX列表提供了大量新的流动性，这可以在上市后提高硬币的价格性能。但是，CZ说上市过程被打破了。

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.

这主要是由于公告和列表本身之间的时间范围很短。根据CZ的说法，新列表的宣布通常会导致在CEX上市列表中的分散交易所（DEX）的代币价格上涨。但是，一旦列出，交易者就会在CEX上出售令牌，从而导致令牌的价格急剧下降。

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上的帖子上强调了这种动态，这是他写的四个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.”

“他们宣布，然后在4小时后列出。通知期是必要的，但是在那4个小时内，代币的价格上涨了，然后在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列出了测试（TST）令牌后不久，CZ的讲话是在投资者将其作为模因令牌接收的，尽管最初是作为BNB Chain教程的一部分而被创建的。

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

TST/USD，市值，历史图表。资料来源：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数据显示，TST代币在2月9日飙升至市值约4.89亿美元，然后下跌了50％，至目前的1.92亿美元。

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令牌的名称在BNB链链教程视频中的Fout.meme平台中简要介绍了大约一秒钟，该平台仅用于测试目的。

TST token in BNB Chain training video. Source: Lamaxbt

BNB连锁培训视频中的TST令牌。资料来源：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.

尽管CZ澄清说，该视频不是代币的“认可”，但几个总部位于中国的影响者社区开始推广并提高其市场上限。

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

在TST硬币令人惊讶的激增之后，CZ同意需要改进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.

根据CZ的说法，一种潜在的解决方案是使CEX实现自动令牌清单程序，类似于DEX使用的程序。他说，这可能有助于减少令牌公告和在CEX上列表之间的时间滞后。

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

CZ补充说，他的言论是作为“局外人”的“局外人”，他“不参与二心或其他CEXS的上市过程”。

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，考虑到他作为Binance的联合创始人的角色，CZ的评论可能会带来额外的权重，这是全球最大的加密货币交易所通过交易量进行的角色。