Published On: September 21st, 2019Categories: Uncategorized
Binance CEO dismisses DigiByte’s listing fee accusations – AMBCrypto
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.
After explaining in lengthy detail we have zero funds & zero ability as a decentralized project to meet such a request they told us they would ‘get back’ to us. Tired of everyone asking me when Binance or coinbase. They are free to do as they wish.
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.
Shirly is a full-time member of the Editorial team of AMBCrypto. She is a Finance major and understands that blockchain is the key to a decentralized and equal market. Her previous work can be found on Medium, Blogger and Steemit. She held value in Bitcoin and Ether prior to being a writer here to “understand the FOMO” in the retail cryptocurrency space. Shirly is available at firstname.lastname@example.org.