- Apr 10, 2020
- 3,303
- 866
Is this practise being done and if yes it is not very much ethical.
Does binance charge anything from coin developers to list the coin ?
- Thread starter achiever2011
- Start date
tb303
Supreme Member
- Dec 18, 2011
- 1,238
- 909
This is what CZ said in 2018 when some new startup called them out
Around the same time they said that any listing fees would be donated to charity.
Seems they listed a few shitcoins since then though lol
But anyway, it still says this on their website
https://www.binance.com/en/support/faq/053e4bdc48364343b863d1833618d8ba
BCF is pretty transparent. Here is a link to the Binance Charity Foundation wallet donations page.
https://www.binance.charity/project/old/binance-charity-wallet
If you wanted to spend the time you could follow the tx hashes on there and find any that seem to originate from Binance.
nersande
Junior Member
- Jun 9, 2014
- 192
- 66
They are simply protective of their customers. They will list good projects when they think it will provide volumne on their platform - aka their customers would want to truly buy them.
But just because you throw money around, you cannot simply buy access, otherwise the spammier the project, the easier it gets.
I know from lower tiered exchanges that is it easier to 'get listed' aka buy in.
Given also how much binance is a boost ('we got listed on binance') and the amount of new tokens every day, this is likely more of an administrative hurdle.
It's the same principle as in the book industry. The best available promotion machine with proven results is bookbub. To get a bookbub slot often guarantees you NYT bestseller status and more. Tons of paid and free downloads. And they charge a pretty penny. However - they will only list books which have the potential to do well with their audience. You cannot buy access, only pay for the privilige.
But just because you throw money around, you cannot simply buy access, otherwise the spammier the project, the easier it gets.
I know from lower tiered exchanges that is it easier to 'get listed' aka buy in.
Given also how much binance is a boost ('we got listed on binance') and the amount of new tokens every day, this is likely more of an administrative hurdle.
It's the same principle as in the book industry. The best available promotion machine with proven results is bookbub. To get a bookbub slot often guarantees you NYT bestseller status and more. Tons of paid and free downloads. And they charge a pretty penny. However - they will only list books which have the potential to do well with their audience. You cannot buy access, only pay for the privilige.