Binance has decided to list cryptocurrency DigiByte (DGB) long after the creator of DigiByte accused the exchange of demanding a huge listing fee up to the tune of $300,000 and some shares of the DigiByte token.
Late 2019, DigiByte’s Founder Jared Tate said he did a video call with an unnamed member of the Binance exchange during which he was told to pay “$300,000 and 3% of all DigiByte coin, he alleged.
He said the alleged Binance representative demanded the 3% of all DigiByte funds as “insurance for their customers against blockchain hacks & defects”. While Jared Tate’s claim could not be ascertained, he said they could not yield to the demand of Binance because DigiByte is a decentralized blockchain. Shortly after, the the like of Binance America, TRON’s founder Justin Sun and Poloniex were involved in the tussle.
Jared Tate had called Justin Sun a “crook” and branded TRON as “the most blatant con job we saw after diving into hundreds of projects and blockchain protocols”. The founder of DigiBye also attacked Binance.US and suggested that the exchange be sent out of America because it appeared as infiltration of Chinese in the US cryptocurrency market.
After the allegation DigiByte founder Jared Tate made against Binance and TRON’s Justin Sun, Poloniex said it decided to delist DigiByte (DGB) on the ground that after several reviews, the digital currency did dot meet its discrete standard. However, rumors rife that Poloniex took the action in response to the allegations.
Justin Sun, who also has an investment in Poloniex, supported the action by Poloniex. But, Jared Tate and some sections of the crypto community quickly rose up to condemn the action.
Now, after over six months of abject fracas between Jared Tate, CZ, Justin Sun, and Poloniex, Binance Exchange has decided to list DigiByte and immediately open market trading for three pairs of DGB namely DGB/BTC, DGB/BNB, and DGB/BUSD.
To purge off the allegation that it demanded a listing fee, Binance stated in the update that it collected “0 BNB” from the DigiByte team.
DigiByte also confirmed that Binance did not demand anything from them to effect the listing, saying the voice of the DigiByte community reigned supreme.
Binance’s action today confirms the exchange’s positive response to calls from the crypto community who have been demanding that DigiByte be listed on the largest crypto exchange.
After the whole issue, DigiByte CEO Jared Tate thanked Binance CEO and said today is a big day in the history of cryptocurrency. He also confirmed that the crypto community did not pay anything to Binance to win the listing.
Today is a big win for everyone & the future of truly decentralized #blockchain Tech. To my surprise & many others @Binance freely listed #DigiByte w/o any requests/ stipulations just as any exchange can do. No permission required. Thank you @cz_binance, #Binance team & $DGB fam! https://t.co/eR5I53UGEZ
— Jared Tate ©️ (@jaredctate) June 22, 2020