Binance said that supporting small and medium-sized projects with strong fundamentals could enhance the development of the blockchain ecosystem.
Crypto exchange Binance has called on small and medium-sized projects to combat the low float and high fully diluted valuations (FDV) trend within the crypto space.
On May 20, Binance invited small and medium-sized projects to apply for its listing programs. The exchange said that the move to support small and medium projects with sustainable models will help enhance the crypto ecosystem. It wrote:
The move seemingly responds to a trend of projects launching at high market capitalizations while many tokens remain locked.
