Binance CEO: The project quotas in Launchpool are strictly for Binance users, and Binance will not profit from them

ChainCatcher news, Binance CEO Richard Teng clarified the Launchpool project quota mechanism in a post on social platform X.

Teng emphasized that the project quotas in Launchpool are strictly for Binance users, and Binance will not profit from them. To protect user interests, Binance has implemented strict control measures, including setting a maximum token holding limit for each Launchpool and Pre-Market user.

In addition, Binance has established a rigorous token review process and has a dedicated market monitoring team. Teng stated that these measures aim to allow projects to reach users widely while providing protection, and Binance will continue to improve its products to meet user needs.