⏰ Placing coins is the last dignity left by Binance for the industry Recently, Binance conducted a vote to place its coins. Although the low threshold provided the project team with room for bribery, it was also seen as a proactive gesture of goodwill towards users. This measure of respecting user interests is not unpopular. Even though CZ said that 'listing on Binance should never affect the price', so far, 'whether it can be traded on Binance' still has a significant impact on the price of the coin. Once there is a price fluctuation, there will be some people happy and some people worried, so the operation of Binance voting to add or remove coins will attract criticism. However, from my personal perspective, adding or removing coins is beneficial to the market without any harm. These garbage coins from corpse vegetarian meals should be swept into the garbage dump Below, we will discuss in detail the situation, results, and future prospects of this coin voting campaign 👇 The First Coin War On April 1st, 22 currencies were sent to the guillotine, and on April 8th, the voting results were announced, with 14 projects ultimately sentenced to death. List the data first When the voting was open, all the tokens on the list did not unexpectedly fall, and by the end of the voting, they had basically been halved After announcing the results of the coin placement, all 8 surviving tokens experienced a slight rebound, with 7 gradually returning to stability, and Jasmy surprisingly broke through the price before the start of voting. Project side measures I have collected the movements of these 22 projects during and after the voting period, roughly divided into two factions. The shrinking turtle faction: If I don't vote on Binance, then I won't be banned, such as @ harvest_finance (HARD) @ UniLenddFinance (UFT), etc. The project team of this faction should have already poured out their chips, and the project is also in a state of basic shutdown. Have you been penalized? -What currency Dead skin shameless faction: After being delisted, they claim to be building for the long term. For example, @ beta_finance deeply apologizes (close comments) https://(((x.com)))/beta_finance/status/1909573028641722685 @BadgerDAO Don't Panic (Already Stopped) https://(((x.com)))/BadgerDAO/status/1909596054145622514 @Ethstatus long-term construction (declined reply) https://(((x.com)))/ethstatus/status/1909698229282734475 This type of project may not have spent all the investors' money yet and can still hire interns to post statements on Twitter, but it is unlikely to expect them to do anything practical. In short, these projects have no motivation to struggle, and no one even bought tickets. Lower the coin's residual power Many teachers on CT say they didn't expect Binance to release so many coins at once. In my opinion, not only can all 22 voting projects be removed directly without participating in voting, but most of the coins, including many of the top 50 coins in market value, are actually no different from these 22 coins. Removing them all is unjustified, as there are omissions in randomly removing half of them. For example: XLM ( @StellarOrg ) An outdated antique from the last century, a complete replacement for XRP. At present, the market value is 7.211 billion, and the trading volume in the past 24 hours is only 159.32 million. In 2017, there was an inflation vulnerability on the internet that unexpectedly created over 2 billion XLMs; A large-scale network outage occurred in 2019. The only possible explanation for the current high market value of this coin is that these are zero cost chips sent to themselves by the project team. HBAR ( @hedera ) Air public chain, false technology, bragging king, with a transaction volume of 10 times per second, can boast up to 10000 times. The market value is 7.019 billion, with a 24-hour trading volume of only 376 million. All nodes are controlled by the committee, and there is no reason to use this public chain or trade this token. In addition, there are also a large number of junk coins in the market. If you are interested, I can take you to continue inventory until next year. Welcome to Binance's coin placement team to read. Perhaps after cleaning up all this garbage, the bull market will return.