cryptojournalist
According to Binance CMO Rachel Conlan, getting a memecoin listed on the exchange isn’t guaranteed—even with lots of community hype.
What Binance Looks For
Speaking at Aus Crypto Con 2024, Conlan explained that Binance thoroughly reviews projects, from the team behind them to their future plans. While community feedback matters, hype alone doesn’t make the cut.
Memecoins often face criticism for being pointless, but some newer ones are adding real-world use cases, which Conlan says is crucial for long-term survival.
Why Community Involvement Matters
Conlan believes the crypto community will grow massively in the next couple of years. To stay relevant, projects need to keep innovating and engaging their users. Without real use cases or community support, it’s hard to sustain momentum.
Former Binance CEO Changpeng Zhao shares this view. He recently criticized memecoins for losing their humor and urged developers to focus on creating useful blockchain projects.
Despite skepticism, memecoins can still bring massive gains. For example, a trader recently turned a $160 investment into millions by betting on a viral Solana token.
