Binance CEO: Launchpool project quotas are strictly for users, and Binance will not seek profits from it

BlockBeats news, on October 9, Binance CEO Richard Teng posted on X: "I received a question about Launchpool quotas on X Spaces before. I hope this explanation will make everyone clear. The project quotas in Launchpool are strictly for Binance users. Binance will not make profits from these quotas that should be used for users, and the final allocation of project quotas is determined by the project party. We have implemented strict control measures, including setting a maximum holding limit for each Launchpool and Pre-Market user, which allows projects to reach users widely and provides protection measures. Of course, this also includes our strict token review process and a dedicated market monitoring team to monitor trading activities on Binance."