Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD
The post Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD appeared on BitcoinEthereumNews.com. Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies. The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance. Binance Accused of Charging Exorbitant Fees for Crypto Listing On October 31, Dedic took to X with a claim that Binance demanded 15% of a project’s token supply for a listing. He used the example of an unnamed tier 1 project that raised nearly a billion, with the crypto exchange giving them a listing offer that included parting with between $50 million and $100 million for the service. Additionally, Dedic asserted that the listing offer came at the tail end of a more than year-long due diligence process. This claim sparked debate, with some observers like Mat Milbury arguing that such demands may harm projects rather than benefit them. However, Binance supporters countered these criticisms, with co-founder Yi clarifying that the exchange’s asset listing processes prioritize rigorous screening over the funds associated with a project, regardless of amount: “If a project does not pass the screening process, it cannot be listed on Binance regardless of the amount of money or tokens involved.” Dismissing the outcry as fear-mongering, or what is commonly known in crypto circles as FUD, short for fear, uncertainty, and doubt, Yi asked community members to do their own research and analyze Binance’s listings for themselves to see if there was indeed a 20% requirement for tokens as alleged by Dedic. She also pointed out that her company’s listing fees and token distribution policies are clearly documented, with the aim of protecting both projects and the platform’s users. Another exchange backer reiterated this point, suggesting that listing fees on Binance are meant to prevent “worthless” tokens…
The post Binance Co-Founder Clarifies Asset Listing Policies, Dispels FUD appeared on BitcoinEthereumNews.com.
Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies. The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance. Binance Accused of Charging Exorbitant Fees for Crypto Listing On October 31, Dedic took to X with a claim that Binance demanded 15% of a project’s token supply for a listing. He used the example of an unnamed tier 1 project that raised nearly a billion, with the crypto exchange giving them a listing offer that included parting with between $50 million and $100 million for the service. Additionally, Dedic asserted that the listing offer came at the tail end of a more than year-long due diligence process. This claim sparked debate, with some observers like Mat Milbury arguing that such demands may harm projects rather than benefit them. However, Binance supporters countered these criticisms, with co-founder Yi clarifying that the exchange’s asset listing processes prioritize rigorous screening over the funds associated with a project, regardless of amount: “If a project does not pass the screening process, it cannot be listed on Binance regardless of the amount of money or tokens involved.” Dismissing the outcry as fear-mongering, or what is commonly known in crypto circles as FUD, short for fear, uncertainty, and doubt, Yi asked community members to do their own research and analyze Binance’s listings for themselves to see if there was indeed a 20% requirement for tokens as alleged by Dedic. She also pointed out that her company’s listing fees and token distribution policies are clearly documented, with the aim of protecting both projects and the platform’s users. Another exchange backer reiterated this point, suggesting that listing fees on Binance are meant to prevent “worthless” tokens…
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