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Binance has announced that it will be disclosing all token listing fees and donating the funds to charity.
The world’s leading cryptocurrency a href=”https://medium.com/binance exchange binance-listing-fee-update-d512982722ce”> posted a “Listing Fee Update” in a blog post today. The announcement, written by the CEO Changpeng ‘CZ’ Zhao explains that if a project would like to be listed on the company’s platform, they need to propose a ‘fee’ for listing. According to the announcement:
“Project teams will still propose the number they would like to provide for a “listing fee,” or now more appropriately called a “donation.” Binance will not dictate a number, nor is there a minimum required listing fee.”
It was emphasized that bigger ‘donations’ will not ensure that a project gets listed on the platform:
“Binance will continue to use the same high standard for the listing review process. A large donation does not guarantee or in any way influence the outcome of our listing review process.”
In August, Christopher Franko – the CEO of cryptocurrency Expanse – claimed that Binance was charging 400 Bitcoin for him to list is project.
As a response, CZ tweeted shutting down the claims, stating that Binance would not quote fees via email. Since then, Franko and the company have been holding their own positions on the matter.
We don’t list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it’s your project! Focus on your own project!
— CZ Binance (@cz_binance) August 11, 2018