When it comes to getting listed on Binance, the process can be quite lengthy and demanding. In fact, it can take up to six months to prepare for and secure a listing on this popular cryptocurrency exchange.
One of the key things to note about Binance is that the main tokens listed on the platform are typically venture capital (VC)-backed. While this may sound promising, the reality is that the performance of these tokens has often been disappointing. Many VC-backed coins listed on Binance have experienced significant declines in value, with some dropping by as much as 50% or more.
If you were an early investor in a VC-backed coin that was launched on Binance, chances are you may have suffered significant losses. This goes to show that simply being listed on a major exchange like Binance is no guarantee of success.
As such, if you are considering listing your token on Binance, it is important to be prepared for a long and challenging process. Additionally, it is crucial to carefully evaluate the performance and potential risks associated with VC-backed coins before making any investment decisions.
