Tuesday, May 26, 2020

CTO of DGB claims Binance asked for $300,000 along with $3% of all DGB for listing, CZ responds

The Takeaway:

DigiByte founder and CTO, Jared Tate tweeted that Binance team asked him to pay $300,000 and 3% of all DGB in circulation in order to get the coin listed on the Binance. Binance CEO responded to the tweet saying that he will not waste any more time on these guys.

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Founder and CTO of DigiByte coin Jared Tate yesterday took to twitter to call out Binance and alleged them for asking $300,000 and 3% of all DGB in supply in order to get the coin listed on Binance.

He wrote that he did a video call with Binance team a few weeks ago and they wanted $300,000 and 3% of all DGB for insurance for their customers against blockchain hacks & defects to list DGB. Jared told Binance that it is not possible with a truly decentralized blockchain like DigiByte. 

Binance CEO Changpeng Zhao, responded to the tweet saying that Jared does not want DGB listed on Binance and he is not going to waste any more time on these types of guys. 

The crypto community seemed split on the topic as some sided with Binance and some with DigiByte CTO. Two years ago, DigiByte team won in Binance listing poll and was all set to get listed on the platform, but Binance asked for a fee that they could not pay and lost the chance to join the platform. However, DGB founder did not provide any proof of the conversation and asked the community to take his word.


Community responds:

Let us know in comments what do you think about Jared Tate’s allegation against Binance. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

David Hayes
David Hayes
David got to know about bitcoin back in 2012 and has never looked back since, writing and exploring about cryptocurrencies or blockchain technology. He used to write for his own blog before joining ChainTimes as a writer and market research executive in 2017.

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