Binance to Make Listing Fees Public and Donate All Proceeds to Charity
#Binance Listing Fee Update:
Starting immediately, and going forward, Binance will make all listing fees transparent and donate 100% of them to charity. @BinanceBCFhttps://t.co/addXONK0Ip pic.twitter.com/8WrEfnmz3V
— Binance (@binance) October 8, 2018
According to the announcement, Binance will not change its actual listing process, meaning that token projects will still need to submit applications with a requested fee value based on what they can afford. However, the exchange will now publicly share those values once tokens are accepted.
“Project teams will still propose the number they would like to provide for a ‘listing fee,’ or now more appropriately called a ‘donation.’ Binance will not dictate a number, nor is there a minimum required listing fee,” states the Binance team in the announcement.
The donations will go to the company’s new Blockchain Charity, which has received backing from many major institutions and blockchain projects. Binance also notes that large donations will not dictate listing outcomes.
More: Listing Fee to Charity
Photo: Marco Verch / Flickr
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