Anewdebatehaseruptedinthecryptocurrencyindustryoverthecostsassociatedwithlistingtokensonmajorcentralizedexchanges(CEXs).
TheissuegainedfurtherimportanceafterMoonrockCapitalCEOSimonmadestrikingclaimsregardingatop-tierproject’sattempttolistonBinance.
AccordingtoSimon,theproject,whichraisedaroundninefiguresinfunding,wasaskedtoprovide15%ofthetotaltokensupplyinexchangeforlisting.
SimonClaimsListingFeesAskedbyExchangesCauseNewAltcoinstoFall
“AfteroverayearofduediligencewithBinance,theyfinallyreceivedalistingoffer.Binancewanted15%ofthetotaltokensupply.Imaginepaying$50-100millionjustforaCEXlisting.Notonlyisthisunaffordableforprojects,butitisalsothebiggestreasonthesetokensarefallingonthecharts.Somethingneedstochange,”Simonshared.
Thisstatementhassparkeddifferingviewpointswithinthecryptocommunity,especiallyafterCoinbaseCEOBrianArmstrongrespondedbyclaimingthatCoinbasedoesnotchargefeesforassetlistings.“AssetlistingsonCoinbasearefree,dropusanoteviaourAssetCenterandwe’llseeifwecanhelp,”Armstrongsaid.
However,AndreCronje,awell-knownnameinthedecentralizedfinance(DeFi)spaceandassociatedwithprojectslikeFantom(FTM),disputedArmstrong’sstatement.Recountinghispastexperiences,CronjeclaimedthatBinancedidnotchargeanylistingfees,whileCoinbasedemandedsignificantamounts.“Binanceaskedusfor$0.Coinbaseaskedusfor$300million,$50million,$30million,andfinally$60million.Ihavealotofrespectforyou.Butthisisabsolutelynottrue,”hesaid.
*Thisisnotinvestmentadvice.
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