Author: Riyue Xiaochu Source: medium

Binance has launched 4 tokens, indicating that Binance has begun a new route to list coins. It is a new idea for a large number of MeMe or project parties. I want to take a look at the data.

From the final results, the total number of votes: 185K, and the total number of participants: 119K. Since each person has 5 votes, the actual average votes are only 1.5 votes per person.

Binance's first step is to eliminate invalid voting, including the following 4 situations

1) fraudulent activities (e.g., false accounts, fraudulent activities)

2) batch operations (false voting through IP/equipment mining)

3) exploitation (tampering with Binance's code, system, or API)

4) illegal/harmful behavior (fraud, fraud, or malicious activity to attract votes)

How many invalid tickets are excluded? 12K, accounting for only 6% of the total votes. This shows that only 6% of Binance's actions excluded from fraud and other behaviors were eliminated.

So interesting is coming?

The second step excludes the voting of users who hold 0.01BNB.

Because on the voting page, it is very eye-catching to hold 0.01BNB during the voting period. In fact, 0.01BNB is worth $6, which basically doesn’t require any ordinary users.

But the result found that many people were judged to be invalid because of the 0.01BNB position requirement. According to the results announced by Binance, there are two methods

Method 1: that is, you hold 0.01BNB throughout the event

In fact, according to the rules written on the voting page, it is required that the account must be required during the entire voting time.Holds 0.01BNB, so the method-statistic method meets the requirements. However, the results were very bad as soon as the method was counted. The number of valid votes was only 62K, which was only 33%. In other words, only 6% were excluded from voting for accounts such as fraudulent batch operations. A small 0.01BNB requirement excludes 67% of the votes.

After excluding invalid tickets, the order of votes is:

MUBARAK: 8,275

BID: 8,082

BANANAS31: 7,937

TUT: 7,069

New path to listing Binance with data (CZ : 7,003

Myth: 6,547

Koma: 6,484

Why: 6,165

Broccoli: 5,034

We can see that these 4 items on Binance are in the top 5, which means that according to the voting ranking, except for BID.

It can be because Binance saw that there were too many invalid votes, so he counted Method 2. Method 2: Start calculating from the time of voting and hold 0.01BNB. The scenario of Method 2 is that you didn’t have BNB in ​​your original account, and then when you voted, you found that there was this requirement, so you went to buy it. But even in this case, the effective voting is still only 113K, excluding 35%.

The ranking of method 2 is quite different from method 1, and the final ranking of method 2 is also quite different from the final listing route. Therefore, Binance should be the part of the decision to list the currency according to the announcement.

The two trading volume data represent trueReal user wishes. Adding this indicator can effectively eliminate fraud by simply placing people to vote by voting, after all, the cost of people to be high. The following figure is to count the trading volume of Binance Alpha. It is obvious why the previous BID was lost. Because its trading volume is much smaller than others. Similarly, Why is the second most vote in the name, but the transaction volume on Alpha is only 879K, which is very low. There is also KOMA's trading volume, which is also relatively low.

If you count the trading volume of the Binance contract market, you can also get the same conclusion. With the trading volume on the 27th day (because the trading volume after listing on the 28th, MUBARAK is 350 million, BANANAS31 is 140 million, TUT is 70 million, BID is 17.58 million, and BROCCOLLI (CZ’s dog) is 30 million.

Look at the comprehensive evaluation criteria announced by Binance

1) Results of community voting activities (natural voting after spam activities are excluded; details are as follows)

2) Historical performance of tokens

3) Trading demand, especially the transaction volume of Binance contract market and Binance Alpha platform

4) Fundamental analysis

5) Compliance inspection

6) Risk Assessment

Although there are 6 items, the fourth, fifth and sixth items should be the same for all MeMes. Then there are 1, 2, and 3 left. The first and third are easier to quantify with data. Judging from the results, the results of the valid votes of the community have a great impact on the final listing.

1) Judging from the data, the community voting occupies a relatively large weight when Binance is launched this time. Basically, 4 of the top 5 valid tickets were all on. The BID has not been launched mainly because Binance ALpha's trading volume and contract trading volume are relatively low.

2) But in the voting, a large number of votes become invalid votes. One of these requirements is that it is required to hold at least 0.01BNB during the voting event. This settingAlthough some real users may be excluded, it is also very effective in preventing cheating and ticket swiping, because it is very likely that the project party will spend money and finally buy invalid tickets.

3) For real communities, if you consider future currency voting, it is recommended to hold at least 0.01BNB in ​​your account.