Binance expands charity initiatives via listing update

Posted 08 October, 2018

Binance has started this week with the revision of listing rules. The platform has made all listing fee transparent and directed at charity.

"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 a listing fee," as the company press release reads.

The company commented that this step may boost their charity strategy indicating company position towards the application of the blockchain "for the greater good". 

It is worth mentioning that the exchange faced strong critics regarding its vague and expensive listing. According to the news reports, one of a company that planned to list on Binance stated that the platform asked 400 BTC, while Binance CEO commented that the projects were chosen in line with the quality rather than solvency. Moreover, he added that some projects paid no fees for listing. Moreover, additional accusation came from CyClean which said that Binance received money for listing but refused to complete the process.

According to the available information, the tokens under consideration can revise and update their applications in line with the new changes.

"Binance will continue to use the same high standard for the listing review process. A large donation does not guarantee or in any way influence the outcome of our listing review process," the company stated in the report.

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08 October, 2018 18:32

← Euro down affected by market concerns

The euro has weakened against the US dollar at the start of the week as the market sentiments are getting worse on the budget conflict between Italy and the EU. As the data shows, the euro-to-US dollar exchange rate decreased $1.1475, which quite close to the last-week bottom of 1.1463. At the same time, the US Dollar index improved to 95.57. The greenback rebounded vs the majors on generally positive economic reports. The euro has remained on the downward track fueled by the message of Deputy Prime Minister of Italy Matteo Salvini saying that EU's real enemies – Juan Claude Juncker and Pierre Moscovici. Moreover, an additional pressure came from the euro area economic reports with investors downgrading October outlook afterwards.

Euro down affected by market concerns

Next story

08 October, 2018 16:31

Binance Labs invests in CertiK project for smart-contract auditing →

Binance Labs announces investments in CertiK programme, which represents a smart-contract audit service that helps blockchain companies protect all decisions via their official verification. The exact amount of the funding is unknown, though the company representative noted a deal for several millions. As Binance Labs CEO stated, the project mathematically checks the security of smart contracts that is considered to be criticial issue faced by the blockchain industry, which may help to avoid manual detection restrictions.

Binance Labs invests in CertiK project for smart-contract auditing
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