Binance “promised” to list DigiByte [DGB] several times; Jared Tate
Jared Tate, the founder of DigiByte [DGB], slammed Binance for their strict listing requirements on Monday after DigiByte refused to pay the listing fee of the exchange. Tate took to Twitter to throw allegations against the exchange and also to say that his company has refused to pay the listing fee since the last 12 months. The exchange had announced yesterday that they have decided to donate their listing fees to charity. The crypto companies which hoped to get a listing on the exchange proposed an amount they would like to give as the listing fee, according to the Binance website because the exchange didn’t have a set minimum limit for listing fee.
1/8 It’s time to set the binance record straight and let the world know the truth. The binance – DGB story starts with us refusing to pay the “listing fee” last summer/fall. And continuing to refuse to ever pay it for the last 12 months.
— Jared Tate (@jaredctate) October 8, 2018
Tate accused Binance of not listing his company after the exchange promised to list DGB on several occasions. “Many members of the DigiByte community repeatedly filled out multiple “applications” of listing for Binance jumping through many ridiculous and unprofessional hoops that are completely hypocritical considering projects they later added,” said Tate. Tate also wrote that he was ‘told’ this weekend that the exchange will consider listing DGB if he apologizes to Chanpeng Zhao, the CEO of Binance, for refusing to pay the bribe and accusing them of pump and dump activity.
Tate added that Binance has ‘added, pumped and dumped’ fraudulent ICOs throughout the fall of 2017 and the beginning of 2018. He put up a Medium post to prove his claims of the exchange’s involvement in pumping and dumping activity to drive the stock prices and volumes up. “Many of us realize this behavior is not sustainable on any exchange and holds back the entire industry from really thriving,” commented Tate.
Binance was embroiled in listing fee controversy in early August when it allegedly charged 400 BTC to list a blockchain startup Expanse’s native coin. Zhao denied these allegations although it was a time when the trade volumes and revenues of several exchanges were dropping owing to a struggling cryptocurrency market.
Image via Shutterstock
Join our Telegram group