Following the criticism of Tst Memecoin, which ravaged the place, the explanation came from Binance founder CZ!

Binance’s founder Changpeng Zhao (CZ) responded to the criticisms following the list of TST, a token, a token that started as test coin but later turned into Memecoin.

CZ argued that he had nothing to do with TST

Referring to the speculation that the token is on the market, CZ said that TST was never supported by him or Binance.

CZ said in a statement, TST was initially created for a video training and announced that it had no official support. However, attempts to clarify the situation further increased the interest in the Token:

“I shared to clarify that TST was not supported by me or Binance. This was only a test token used in an educational video. However, every explanation shipment made it more viral for some reason. ”

CZ answered questions about whether he shifted his focus towards Memecoins from rooted projects. He explained that he was determined to develop the sector and did not personally invest in any Memecoin:

“I haven’t even bought a single memecoin so far, but that doesn’t mean I’m against them. In addition, I am not interested in sports cars, NFTs, or most Altcoine, except BTC and BNB, but I am not against any of them. ”

Responding to concerns about Binance’s TST listing TST, CZ said that the stock market has nothing to do with the listing process. Crypto para He announced that his stock exchanges compete to list popular tokens with a strong trading volume.

“People always ask why Binance lists certain coins, but not listing others. The truth is that if a coin is high in demand, the stock markets move quickly to list it. What is my advice? Focus on creating your project, not to be listed. ”

The CZ also speculated why Memecoins gained strength on useful tokens:

Regulatory Print: He claimed that the increasing regulatory examination on useful tokens has pushed projects to launch the memecoins instead.

Speculative Trade: Speculation on beings with a clear inner value is more difficult, whereas memecoins are successful in volatility.

Cultural Charm: The fun and community -oriented of Memecoins makes them attractive for investors.

Finally, CZ accepted the potential defects in Binance’s listing process and pointed out that prices often rise in the decentralized stock exchanges (DEXs) before a token is officially listed in Binance:

“They announce a listing and after four hours, the listing takes place. During this time, token prices are rising in Dex and then people sell on central stock exchanges. I’m not sure if there is a solution, but something to be aware of. ”

*It is not an investment advice.