Binance CEO Says His Company Don’t List Shitcoins

Nishanth Shetty

August 13, 2018 6:14 pm

Crypto Scam

Binance CEO Says His Company Don't List Shitcoins | Coindelite News
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Changpeng Zhao, CEO of Binance, opposed the criticism of the exchange’s listing fees Saturday saying that commentators should focus on the quality of coins it chooses to list.

He tweeted to Expanse founder Christopher Franko, who had claimed that Binance had charged him 400 BTC ($2,600,000) for listing his altcoin token.

Zhao’sTweet claimed:

“We don’t list shitcoins even if they pay 400 or 4,000 BTC.”

He revealed that recommending few tokens that did not attract listing fee criteria would not work.

Zhao’s tweet included:

“[Ethereum, NEO, Ripple, EOS, Monero and Litecoin and 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!”

Twitter users joined Franko in denouncing Binance for its claimed fee. Franko had also uploaded a screenshot of an email from a Binance customer service representative about the rates, which was claimed to be fake.

Zhao Included:

“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.”

Recently, there was one more scam reported, which was claimed by an environmental project called Cyclean, it stated that the company got scammed by Binance or someone posing to be Binance, lost over 1 million USD to Binance Impersonator.

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