Binance Criticized Over Listing Fees Amid Changpeng Zhao’s Defense
Binance's founder, Changpeng Zhao, addressed recent controversies regarding exchange listing practices and fees. This follows criticism from CJ Tech about Binance's listing process.
- Zhao emphasized that strong projects should not need to pay for listings as exchanges will naturally seek valuable tokens.
- He advised projects to focus on building genuine user value instead of complaining about listing fees or airdrops.
- The criticism includes high trading fees, airdrop charges, and a $2 million security deposit in BNB.
- Binance faced backlash after struggling with transaction volumes during a recent market crash.
- Zhao discussed various listing models, including open, selective, and those requiring airdrops or deposits.
- He concluded by urging projects to concentrate on their development rather than criticizing competitors.
Binance's Response
- Binance responded to CJ Tech's allegations by asserting they do not profit from the listing process.
- The exchange claims all project token allocations go to users through marketing campaigns.
- Binance denied accusations of token dumping as untrue and criticized CJ for disclosing confidential communications.