DigiByte Founder: These Are Binance Requests to List Overpriced DGB Cryptocurrency
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Answer DigiByte Founder: These Are Binance Requests to List Overpriced DGB Cryptocurrency
The Binance trading platform has come under fire from the DigiByte Coin community after the founder of the project revealed that he was trying to list the coin for trading on Binance.
a statement Mr. Jared Tate, the founder of the project last Friday (September 20) said that he spoke with the Binance team about the possibility of listing DigiByte tokens on the Binancen platform and as a result of the meeting, the Binance team requested $300,000 and 3% of all DigiByte tokens to secure the exchange’s coins in the event of an accident. breakthrough.
For Jared to reject what was requested from the Binance team altogether.
Especially owning 3% of the project’s currencies, given that the entire project is based on decentralization, according to the founder’s statement.
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According to Jared, who stated:
“Zero money and zero capacity as a decentralized project to meet such demand”
A statement that prompted Binance to say that they will “return” to the DigiByte team later.
Considering the listing requirements requested by the Binance platform, we find that they are normal requirements in terms of price, but the unusual thing in the request is owning 3% of the circulating supply of DigiByte, which means that the Binance platform will receive 368,694,424 DGB, which is equivalent to a dollar value of about 2.9 million dollars, not to mention the impact The negative on the project because one particular party owns 3% of its cryptocurrency.
In the end, the listing process will be postponed until Binance re-examines its submitted terms and renegotiates again.
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