- Binance co-founder He Yi came to the exchange’s defense amid certain accusations.
- Yi reiterated Binance’s commitment to transparency.
- Coinbase also faced similar allegations as Binance.
Binance co-founder He Yi has refuted rumors that the crypto exchange recently asked a project to relinquish a certain percentage of its token’s supply to be listed on the platform.
Yi’s remarks were addressed to Moonrock Capital CEO’s October 31 X post, which claimed that Binance tried to obtain 15% of a Tier 1 project’s token supply ($50–$100M) in exchange for listing. The CEO alleged that Binance gave the nine-figure funded project a strings-attached listing offer after “wasting over a year of due diligence.”
Binance Co-Founder Responds
In an X post on November 3, Yi termed the rumor as a move aimed at creating fear, uncertainty, and doubt (FUD), which she said will never go away but will make the exchange “stronger” amid unfair competition practices.
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“Gossip is easy to get traffic, and business competition is always full of dark sides; When you understand the rules of how the world works, you will no longer be easily swayed by rumors, and you will have the ability to think independently,” Yi wrote.
The Binance co-founder reiterated the exchange’s commitment to transparency regarding airdrop and listing rules, noting that projects that fail a rigorous screening process can’t be listed on the platform regardless of the amount of money or tokens involved.
According to Yi, projects willing to give airdrops via Binance also don’t qualify for automatic listings. However, these projects can approach Binance’s Web3 wallet to collaborate on airdrop campaigns, subject to the exchange’s Launchpool rules.
Yi He further lauded Andre Cronje’s “courage” to speak the truth about the rumors. The Sonic Labs co-founder claimed that Binance charged the project $0 to list its token, while rival crypto exchange Coinbase asked for “$300m, $50m, $30m, and more recently $60m.”
Cronje commented in response to Brian Armstrong’s X post on November 2, asserting that Coinbase doesn’t charge for asset listings on its platform.
Stay updated on the BNB Foundation’s latest token burn:
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