BlockBeats News, April 1st, according to RootData, in this Binance Megadrop event, the upcoming project to be listed is KernelDAO (KERNEL), with liquidity provider Web3Port as one of the investors.

Previously, Binance disclosed two cases of improper conduct by new coin liquidity providers, took action to delist the misconduct in GPS and SHELL, and confiscated their related profits. They delisted the Movement liquidity provider and froze their related benefits.

On March 9th, CZ retweeted an exposé article about the liquidity provider Web3Port, which stated: Key figure May Liu and her team at Web3Port established a "Binance onboarding brokerage pipeline," starting from Spark Digital Capital to Web3Port, and then to Whisper. Initially, Spark operated under the guise of a VC, actually relying on outsourced marketing + FA business to have VC investment projects and receive free tokens for themselves. After the industry bubble in 2021 and 2022, project teams were no longer willing to give away tokens for free. They shifted to an incubator model and founded Web3Port, offering project packaging and VC connections in exchange for 1 to 3% of the tokens. However, relying solely on the incubator was not profitable, so they established the liquidity provider Whisper, using liquidity provision as a guise to create an exit window for the free tokens they held. In the end, this system became a complete pipeline from packaged fundraising to exit, with Binance retail investors becoming the ultimate buyers.