Former CEO of the exchange Binance Changpeng Zhao recalled that the trading platform did not rule out token XRP after Ripple was «attacked» by the US Securities and Exchange Commission (SEC).
He also emphasized that the exchange has included in the listing all coins with a market capitalization of over $100 billion.
He previously wrote that strong projects don’t need to pay for listing. Those who are resigned to «commissions» or airdrops should focus on creating «real value.»
In doing so, he responded to Limitless Labs CEO CJ Hetherington’s comments about non-negotiable demands. Binance to the listing, that is, access to spot trading on a popular trading platform.
Hetherington (@cjhtech) argued that projects should have given away 4% of the total token supply to users for free. Binance as a promotional airdrop. Another 1% of the tokens were to be distributed. Binance for marketing campaigns. In addition, Binance requires a $250,000 deposit and $2 million in BNB as collateral for spot listing.
Base creator Jesse Pollack also criticized Binance, writing that the token listing should cost $0.
CZ, however, attributed Hetherington’s «loser mentality» to the exchange, and also reminded that fees only apply to high-risk listings and that deposits are refundable.