Core Viewpoint - Yi He clarified that Chase is not the "listing manager" but belongs to the BD team, indicating a distinction between the listing team and BD team in Binance's project analysis and due diligence processes [1] Group 1 - The listing team does not directly communicate with project parties, and contract terms are handled by the BD team, which does not have decision-making authority [1] - The listing and BD teams report to different lines of authority, emphasizing the separation of responsibilities within Binance [1] Group 2 - Yi He noted that short-term prices are influenced by liquidity, traffic (attention), and token structure, but long-term sustainability depends on revenue, empowerment, and mechanisms for issuance and destruction [1] - Examples such as BTC, ETH, and BNB demonstrate how these cryptocurrencies have overcome the limitations of the first three factors [1]