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Binance CEO dismisses DigiByte’s listing fee accusations

Chayanika Deka



Source: Unsplash

On September 20, DigiByte creator, Jared Tate posted a tweet stating he had been in discussions with Binance to have DGB listed on the exchange. He claimed they had asked for $300,000 and 3% of the total DGB supply to insure their customers against attacks.

Jared Tate allegedly responded by telling Binance that it would not be possible for a decentralized and transparent blockchain project like DGB to agree to such terms.

While Twitter members of the community were split on the matter, some of them asked founder and CEO of Binance, Changpeng Zhao, to pitch in. He dismissed the matter entirely.

According to a member of the DigiByte Awareness Team, Andy Race, DGB had won a Binance listing poll two years ago and were asked for to pay a fee for the listing back then too. They allegedly refused to pay as they could not afford the fee.

According to the Binance website, the process for listing a coin on their exchange is through an application form which involves signing a confidentiality agreement regarding all negotiations made between the coin’s team and Binance. An update made a year ago stated that all listing fees on the exchange will go to charity and that “Project teams will still propose the number they would like to provide for a ‘listing fee’, or now more appropriately called a ‘donation’.”

Tate had posted about this issue a year ago, including a screenshot of CZ asking for an apology from the DigiByte team members. However, with the Binance CEO having dismissed the issue entirely and Tate offering up no evidence with respect to his conversation with the Binance team, who to believe on this matter is still up in the air.

Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.

1 Comment

1 Comment

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    September 21, 2019 at 11:37 pm

    CZ and Binance will be getting a little visit by the SEC down the road. Such a fraudulent exchange, and their so called DEX is a lie as well. This is corruption at its finest in the cryptos.

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