Discussions in the cryptocurrency industry continue regarding allegations of high fees at Binance. This article highlights the key points of these allegations and the response from key market figures.
Allegations of High Fees
Recently, the CEO of Moonrock Capital shared an experience with Binance regarding the listing of a project. The claim suggested that after an extensive due diligence process, the project received a listing offer that asked for 15% of its total token supply. The CEO highlighted that these conditions create significant financial pressure on projects, estimated at $50-100 million, and could negatively impact token market prices.
Yi He Responds to Claims
Binance co-founder Yi He responded to these claims on X, emphasizing that such rumors are designed to create fear and uncertainty. She pointed out Binance's commitment to transparency and the importance of independent thinking, asserting that projects failing rigorous scrutiny will not be listed. Binance offers opportunities for collaboration in airdrop campaigns through its Web3 wallet, but automatic listings are not guaranteed.
Support from Industry Leaders
Despite the allegations, some industry leaders have supported Binance. Sonic Labs co-founder Andre Cronje stated that Binance charged $0 for his project's listing, noting that Coinbase reportedly requested fees ranging from $30 to $300 million. Tron founder Justin Sun also confirmed the absence of listing fees from Binance, highlighting the high deposit levels required by Coinbase for performance enhancements.
The allegations of high fees at Binance have generated significant discussion within the cryptocurrency community. While some accuse the platform of high fees, others support its transparency policy. These discussions continue to shape perceptions of listing practices in the industry.
