Community members of DigiByte (DGB) cryptocurrency have been reportedly requesting project owners to list DGB token on Binance crypto exchange. But the founder of the token, Jared Tate recently claimed that the Binance team is demanding a $300,000 and 3% of the coin supply to list DGB on Binance. He said that DGB does not have the necessary funds to meet the exchange’s requirement of listing.
DigiByte v/s Binance
DigiByte (DGB) is still a new token in a crypto market, and the potential listing on leading exchanges like Binance will likely benefit the coin in terms of several traders, adoption, market volume and so on. However, on Sept.20, Jared took to twitter and claimed that he spoke to the Binance team about the potential listing of DGB token.
According to Jared, Binance team demands $300,000 and 3% of the total coin supply of DGB token for “insurance of their customers against blockchain hacks & defects.”
As the DigiByte defined itself as the genuinely decentralized blockchain, Jared allegedly responded Binance team that is not possible as the project doesn’t have necessary funds. Further, Jared wrote;
After explaining in lengthy detail we have zero funds and 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.
However, it’s worth noting that clashes between DGB founder and Binance aren’t the first of its kind. Previously, DigiByte won a listing poll on Binance, and reportedly Binance asked a fee to list DGB token, but as DigitByte couldn’t afford, there appeared to have clashes between the founders of both the firms.
Subsequently, the latest arguments have gotten the attention of Binance CEO, CZ who then responded, saying “I think he specifically doesn’t want DGB listed on Binance.’
On the other side, Digibyte (DGB) is performing pretty well in the crypto market. As TronWeeklyJournal reported in August this year, the leading blockchain-based travel booking firm Travala announced the integration of DGB token as a payment option. Notably, there are around 400 firms and merchants who have adopted DigiByte as a preferred payment method so far.
Looking at the current scenario, it’s uncertain whether or not Binance would ever list DGB now. As far as Jade’s claim is concerned, he hasn’t shared any solid proof of the conversation that he had with Binance team which have led the community to conclude the argument as “Jade’s attempt is merely a PR stunt.”
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.
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