On October 9th, Binance CEO Richard Teng wrote on the X platform: "I received a question about the Launchpool quota on X Spaces before. I hope this explanation will make it clear to everyone. The project quota in Launchpool is strictly for Binance users. Binance will not make profits from the quota that should be applied to users, and the final allocation of project quotas is determined by the project party.
We have implemented strict controls, including a maximum token holding limit for each Launchpool and Pre-Market user, which allows the project to reach users widely and provides protection. Of course, this also includes our rigorous token review process and a dedicated market monitoring team to monitor trading activity on Binance. "
Binance CEO: The project quota in Launchpool is strictly for Binance users, and Binance will not make profits from it
2024-10-09 14:38:13
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