@nambit

Best possible path forward for the alt-coin space is drastic reduction in Binance market share. 7D outflows looking like people have had enough. Almost everyone buying any alt-coins on Binance this cycle has lost so much money if they bought and held. One of the reasons for this is due to a co-ordinated supply controlled high valuation orchestrated to allow BNB holders to dump airdrops for yield in order to make BNB an attractive token. The listing process allows them to set up this model. This is at the expense of the industry, and retail investors. We can't have the primary exchange for price discovery and settlement running a business model that tricks retail investors into buying coins at completely fake valuations in order to extract value for their token. This will continue to make crypto look like a scam to any outside observer. We need price discovery on-chain. Lower market caps closer to real valuations is much healthier, less predatory, and offers far more opportunity for retail investors.

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