Some random thoughts about token listings (not an ad) CEX's requirements for token listings are basically to minimize mistakes and ensure greater growth potential. Most decisions are related to this. Looking at it the other way around, projects that get listed become a kind of pre-market observation for formal trading. Take Elsa as an example, used as the Day 1 perps target for ASTER recently. It’s now listed on Upbit and bn contracts. This actually validates what I said back in April last year: Pre-future = ASTER. Simply put, the precursor to Binance contracts is Aster. Successful delivery during the observation period means the project is on a successful path. The entire cycle creates positive feedback for listing decisions. Check out Aster's latest listing. To some extent, the listing team has done a serious screening process on behalf of regular retail investors, making it a forward base for both bn contracts and bn spot trading.