The founder of the blockchain platform Expanse claims he recieved offer for listing on Binance worth 400 BTC. Binance CEO argues that the email was sent by fraudsters, and Binance do not list "shitcoins even if they pay 400 or 4,000 BTC."
Hong Kong-based Binance, one of the largest cryptocurrency exchanges in the world, reportedly charge 400 bitcoins for listing on its platform. Christopher Franko, the co-founder of Expanse, wrote in his Twitter that he received a letter from a Binance employee with a price of almost $2.6 million in bitcoins.
Just got a new @binance listing quote. 400 BTC
— Christopher Franko ? (@FrankoCurrency) 8 августа 2018 г.
Expanse is a blockchain-based platform for decentralized applications, technically created as a fork of Ethereum blockchain.
Franko's message received ambiguos respomse from the community. Many followers wrote that they do not believe in it. After that Franko attached the screenshot of the email sent from the Binance domain. But even after that some readers continued to express their distrust.
Franko suggested that he did not rule out that someone had hacked the Binance mail.
So he is trying to say it was a spoofed email. But um.. it came from https://t.co/bTYQp6cgHK so either...
— Christopher Franko ? (@FrankoCurrency) 9 августа 2018 г.
1. He is lying to save face.
2. someone has hacked their servers and sending emails out from it.
3. he has a rogue employee
I literally have nothing to gain from this.. pic.twitter.com/ubfyuxREEs
Changpeng Zhao, Binance CEO, tried to dismiss all accusations. He wrote that Binance do not charge any fee for listing, since the main factor for listing is project's feautures. He also stressed that email, published by Franco, was a spoofed/scam email, not from Binance.
We don't list shitcoins even if they pay 400 or 4,000 BTC. ETH/NEO/XRP/EOS/XMR/LTC/more listed with no fee. Question is not “how much does Binance charge to list?” but “is my coin good enough?” It’s not the fee, it's your project! Focus on your own project!
— CZ (not giving crypto away) (@cz_binance) 11 августа 2018 г.
Also, the email Franko showed is a spoofed/scam email, not from Binance. Binance never quote fees in email, and not in BTC. Project owners should be able to spot email spoofing, those who can’t should not issue a coin. The communication process/method tells a lot about a coin.
— CZ (not giving crypto away) (@cz_binance) 11 августа 2018 г.
In March 2018, Business Insider published an investigation, according to which cryptocurrency exchanges charge from $50,000 to $1 million for listing of new tokens.
According to the information obtained from several projects, most exchanges demanded money for listing their tokens, but they did not name those exchanges. OKEx, Bittrex, Bitfinex, and Huobi reported that they do not charge any fee for listing.
At the same time, there are opposite information from intermediary companies which claim that they can contribute to listing of tokens on major cryptocurrency exchanges. Those intermediaries said that the listing on OKEx and Huobi was worth about $500,000, Cryptopia charged then 6 or 7 bitcoins, and listing on Coinrail costed 3.5 bitcoins.
