Binance Vs DigitByte – All You Need to Know About the Controversy

Jared Tate, Founder of Digibyte had recently alleged that Binance Team asked for an exorbitant amount of funds to list Digibyte on Binance. Here is the entire story behind the whole debacle which ensued.

DGB Community Members Accused Of Being Chinese Spies

The Binance Digibyte controversy started with DigiByte refusing to pay Binance’s listing fee. The latter even refused to pay in the following 12 months. 

Further, several members of the DGB community were accused of being Chinese spies and were even considered to be undermining CZ. Tate further alleged that those groups were never used by DGB members as none of them ever used WeChat. 

He then shared a private message screenshot in which CZ cleared all air about having any animosity with Digibyte and apologized for the accusations made on the DGB team. 

However, later Tate posted a tweet in which CZ denied talking to anyone on DGB’s team 

Later, DGB founder was blocked by CZ. 

He further posted screenshots of his chat with Ashley Ouyang, Director of Binance Development at Binance. The chat describes the latter telling that if in case the exchange passed the “ evaluation fees” criteria, then only will it be listed. 

When Tate asked the fee for listing, the reply was that Binance charges were a bit high. 

Further, Tate a few days back posted that the Binance team laid out the conditions, which included, $300,000 and 3% of all DGB for ”insurance for their customers against blockchain hacks & defects” to list $DGB. To which Tate said that it was not possible with a truly decentralized blockchain like DigiByte. 

Binance CEO, CZ laughed it off and said that it is indeed interesting (pun intended)  and it seems that Tate is keen on “not” getting DGB listed on Binance. 

Recently, Tate has asked CZ and Binance to apologize for the same and alleged that Binance is “a centralized point of failure”.

On the issue, CZ put the weight of blame on Tate and said that if it hadn’t been for him or what he had done, then DGB would most likely have been listed on Binance long ago.

This is not the first time that Binance has been accused of charging an extravagant listing fee. Last year, in August, Christopher Franko, the co-founder of blockchain platform Expanse, had revealed that Binance was charging as much as 400 BTC to list a token.

Do you think that Binance’s listing fees are extravagant and Jared Tate is in the right? Or is CZ to be believed on this issue? Share your views with us in the comments below!

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