As a seasoned researcher with a keen interest in the dynamic world of cryptocurrencies and blockchain technology, I find myself constantly intrigued by the ongoing debates surrounding centralized exchanges and their listing policies. Having closely followed the evolution of this industry since its inception, it’s clear that transparency and fairness are paramount for maintaining trust and fostering growth.
As a researcher, I am examining recent allegations made by the CEO of Moonrock Capital concerning Binance’s supposed demand for 15% of an unidentified project’s total token supply in exchange for listing on their centralized platform. In response to these claims, Binance co-founder Yi He has publicly denied this requirement and clarified the actual policies Binance employs when deciding which projects to list.
As per Binance’s co-founder, the company does not demand a portion of a project’s token supply nor a set fee for listing their tokens. Since 2018, Binance has made its listing fees clear and transparent, with all such fees being donated entirely to charitable causes, as per the policy. The policy reads:
“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.”
The Moonrock CEO’s claims sparked a debate about the listing fee policies of centralized exchanges — prompting Sonic co-founder and developer Andre Cronje to join the debate and make similar accusations against Coinbase.
Centralized exchanges losing ground to decentralized alternatives
As a researcher, I’d note that come September 2024, I observed a substantial decrease in trading volume across centralized platforms. Specifically, according to CCData, the spot trading volume for Binance dropped by approximately 23%, with other notable exchanges like OKX, HTX, Coinbase, Kraken, and Bybit seeing similar declines ranging from 20% to 30%.
Possible ways to rephrase the given sentence could be:
As a researcher delving into the dynamic world of cryptocurrencies, I recently came across the announcement made by Binance regarding the listing of Scroll — an innovative Ethereum layer-2 scaling solution — on October 11th. This decision by Scroll to join forces with Binance has sparked debate within the crypto community, who view this move as potentially undermining the decentralized ethos that Scroll aims to uphold.
After the announcement about adding a new listing, a user named Zeng Jiajun proposed to the community to consider a hypothetical situation where Vitalik Buterin (the co-founder of Ethereum) pays 5.5% to OKX for listing Ether (ETH). This statement is meant to highlight the criticism against centralized exchanges that require high fees or a percentage of the total token supply as a condition for listing new digital assets.
Read More
- CYBER PREDICTION. CYBER cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- SHIB PREDICTION. SHIB cryptocurrency
- LDO PREDICTION. LDO cryptocurrency
- COMP PREDICTION. COMP cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- FARM PREDICTION. FARM cryptocurrency
- DEEP PREDICTION. DEEP cryptocurrency
2024-11-03 21:11