In today’s video we discuss why a #Binance listing is not required for the success of #DigiByte #DGB.
Recently, Jared Tate lashed out at Binance via Twitter. In his post he said..
“1/8 It’s time to set the binance record straight and let the world know the truth. The binance – DGB story starts with us refusing to pay the “listing fee” last summer/fall. And continuing to refuse to ever pay it for the last 12 months.
2/8 Several key members of the DGB community were accused of being Chinese spies last fall in WeChat groups attempting to undermine CZ… Groups none of us were ever part of or aware of since none of us use WeChat. Major miscommunication here.
3/8 Binance used our social media attention for the Citibank Tech4Integiry event in 2017 to gain attention for itself after first launching. Several twitter polls were won for DGB and a listing was “promised” on several occasions.
4/8 Many members of the DigiByte community repeatedly filled out multiple “applications” of listing for binance jumping through many ridiculous and unprofessional hoops that are completely hypocritical considering projects they later added.
5/8 Throughout the fall of 2017 and beginning of 2018 several fraudulent ICO’s were added, pumped and dumped on binance. Further entrenching and frustrating many DigiByte community members.
6/8 Here is a detailed written example of specific isntances of this pump and dump activity:https://medium.com/@edwardpumps/sys-pump-dump-on-binance-21c54596bbad
7/8 Many of us realize this behaviour is not sustainable on any exchange and holds back the entire industry from really thriving. Nevertheless we attempted to “bury” the hatchet and encourage more positivity in the community.
8/8 I was told this weekend if I “publicly” apologized to CZ for my “mistakes” of refusing to pay a bribe and calling out P&D activity they “might consider adding DGB” in a few months.”
This statement has essentially sealed the fate for DGB never being listed on Binance, but will that matter in the long run? After all, DigiByte is already listed on multiple top exchanges.. some of which include..
1) Huobi
2) OKEx
3) UpBit
4) Change Hero
5) ABRA
6) SimpleSwap
7) Change Now
and most recently DX.EXCHANGE.
The future of DGB does NOT depend on a Binance listing, while it would be a short term positive, it is not relevant in the long run.
The future of #crypto trading will be conducted on decentralized exchanges that are free of trading fees. Such as DX.EXCHANGE, Stellar X, Robin Hood, etc. These types of exchanges will gain mass adoption and force exchanges like Binance to revamp their business model, or step aside and bow down to the power of decentralization and free trade.
LINKS:
https://cryptocurrencynews.com/daily-news/altcoins/abra-stellar-xlm-bitcoin-gold-btg-digibyte-dgb/
https://coincodex.com/crypto/digibyte/exchanges/
https://coinmarketcap.com/exchanges/volume/24-hour/
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