Ignas | DeFi
@ignas
Is Binance front-running token launches? They announced Scroll's pre-market trading for Oct 11 without an official statement. Binance whales get 5.5% of SCR's supply for 2 days of farming, which may lead to Pump& Dump before the real TGE. Feels like an expensive listing fee. https://x.com/DefiIgnas/status/1843594721329021304
1 reply
1 recast
25 reactions
JamesX
@jamesx
all the launchpool tokens were listing fee for Binance/BNB holders (100% unlock at TGE), the pre-market is just make it harder for MM to start the price at a very hign level, because all launchpool user can sell the token during the pre-market
2 replies
0 recast
2 reactions
Mikko
@moo
5% allocation for price discovery sounds expensive
1 reply
0 recast
1 reaction
JamesX
@jamesx
That’s the power for binance listing, and much more projects are willing to pay more for that listing
0 reply
0 recast
0 reaction