What does CZ say about Binance's controversial TST token listing?

The recent TST token event listed on Binance generated a lot of controversy in the community. CZ, the founder of Binance, shared his views on this and the process of listing on CEX, arguing that the current system is problematic.

Regarding the TST token, CZ insists it is only a test token, not endorsed by Binance or personally. However, the event made TST go viral and caught the attention of the community.

This raises the question of whether CZ is changing its mind, shifting away from tokens with underlying foundations to be more interested in meme coins.

However, in the post, CZ insists that he remains focused on basic platforms, and is not opposed to meme coins, but is not involved in them either. He takes for example that he does not collect sports cars, art paintings or NFTs, but that does not mean that he opposes them.

CZ stressed that the exchange must compete to list popular tokens and have a good trading volume, and that if a project has good liquidity, it will automatically be listed without the need for lobbying. He advised projects to focus on development rather than worrying about getting listed or not.

The introduction of TST on Binance has sparked much debate, not only about the rationality of the listing process, but also about how centralized exchanges are dealing with the rise of DEX.

CZ pointed out that Binance announced the token listing four hours before the transaction was officially announced, causing the token price to rise sharply on DEXs before users rushed to sell on CEX. This makes the market unbalanced, but he admits it is not certain that there is a solution to completely fix the problem.

Meanwhile, a user commenting below, Kerwin, has suggested that CEX should learn from DEX by listing tokens simultaneously with initial liquidity provision, which stabilizes prices and reduces volatility.

The person also stressed that if CEX implements liquidity incentive programs, users can participate in the market creation process, thereby helping the market to become stronger.

Another idea is to integrate liquidity directly from the DEX to ensure there is sufficient supply when the token is listed.

CZ later responded and agreed with this opinion, arguing that CEX should automatically list most tokens, just as DEX is doing. However, he also stressed that he no longer runs Binance, so has no right to change the process.

The community is still closely watching the next moves from Binance and how the platform will adjust its token listing strategy in the future.