Binance co-founder Yi He has addressed recent concerns about the exchange’s token listing policies, clarifying the process and dispelling rumors that have circulated within the crypto community. In a recent post on X, He emphasized Binance’s commitment to transparency, stating that the exchange does not charge a percentage of a project’s token supply for listing or a fixed fee. Since 2018, Binance’s policy has been to donate 100% of listing fees to charity. He also highlighted that the majority of token listing applications (approximately 98%) do not receive a response from Binance.
He acknowledged the challenges faced by the industry, including the prevalence of FUD and competitive gossip. However, she emphasized the importance of understanding the underlying mechanisms of the industry to foster independent thinking. She praised individuals like Andre Cronje, who speak the truth amidst the noise and deserve respect from the community.
His clarification comes in response to claims made by the CEO of Moonrock Capital, who alleged that Binance demanded a 15% share of an unnamed project’s token supply for a listing. By addressing these concerns and reaffirming its commitment to transparency, Binance aims to maintain trust within the crypto community and dispel unfounded rumors.
