Binance Exchange to Replace Token Listing Fees With Donations
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Binance Exchange to Replace Token Listing Fees With Donations

THELOGICALINDIAN - The accepted Binance barter has adjudge to alter its badge advertisement fees with donations The move follows a contempo beachcomber of able criticism adjoin cryptocurrency exchanges for the allegedly boundless fees they allegation projects

Also Read: Binance Wants to Invest in Africa, Reaches Out to African Projects

Donations Instead of Fees

Binance Barter to Replace Badge Advertisement Fees With DonationsThe Binance barter has appear today a above change to its badge advertisement fee policy. The aggregation appear that: “Starting immediately, and activity forward, we will accomplish all advertisement fees cellophane and accord 100% of them to charity.”

According to the new policy, leaders of any activity will be able to actuate their adapted fees (donations) themselves. Binance’s alms action will again acknowledge those sums to the public. The aggregation claims it will not behest any minimum applicable donation fees. “A ample donation does not agreement or in any way access the aftereffect of our advertisement analysis process,” added Binance CEO Changpeng Zhao.

400 BTC per Listing?

Binance Exchange to Replace Token Listing Fees With DonationsThis move can be apparent as allotment of Binance’s contempo drive to advance crypto acceptance into the alms scene. Back in July of this year the aggregation launched the “Blockchain for Charity” foundation, led by United Nations Goodwill Ambassador Helen Hai in affiliation with the admiral of Malta, with the declared aim of allowance the U.N. attenuated bottomward its Sustainable Development Goals allotment gap.

The change can additionally be apparent as a acknowledgment by Binance to a beachcomber of able criticism hitting all accepted cryptocurrency exchanges this year for the allegedly boundless fees they allegation projects, which badly charge such platforms to ability added investors. This affair has been on the apperception of the Binance administration for a while now and Changpeng Zhao has addressed it before. Back in August we appear that the CEO about denounced as a cheat a activity architect who claimed Binance accepted 400 BTC to account a token.

How should exchanges adjudge which tokens to list? Is it accepted to allegation a fee? Share your thoughts in the comments area below.

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