Against the backdrop of a sharp decline in liquidity, after CZ continuously opened meme PVP, Binance completely lowered the listing threshold, which is consistent with his previous thinking. Now listed on Binance can include: spot, contract alpha Listing of spot goods can be done through: direct listing, launchpad (subscription mode), launchpool (staking mode), wallet IEO (BSC on chain staking mode), Megadrop (airdrop mode), alpha voting (community interaction mode) Binance's operational strategy has also shifted from the past JD model to the Taobao model (consumer downgrading). Of course, JD is more trustworthy in terms of quality, and Taobao may be cheaper in terms of price, but the quality is hard to say. With the launch of a massive number of projects, the market value space of the projects has greatly decreased. In the case of insufficient liquidity, the primary task of the project team is still to pour money, and then to complete the work as much as possible and pass Binance's delisting assessment. The threshold has been lowered, and various project parties will rush to put their heads on the shelves, which was unimaginable before, after all, Binance's shell used to be very valuable. For us, the significance of project investment and research is no longer significant. The more prudent strategy is to directly engage in short-term sales and short selling.