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.