Listing at Binance for free? Yup!

[Raja_MBZ]

Binance just got even more interesting. Yesterday, the listed RavenCoin, and guess what, they've listed it for an absolute zero fee!



From now on, as they did with Ravencoin, they're most probably going to make the listing fee public of future coin listings, to increase transparency, and each & every penny of that listing fee (if there'd be any) will be donated to charity.

A bit of clapping for Binance!

[Slow death]

they made a good move because lately the scammers are asking for high amounts of money and the argument is that there are many costs to pay and one of these costs is for the listing of the currency in the exchange and how the many exchange have become greedy and many exchange think that if they ask 5 btc or more than 50 btc for that the projects are listed in their exchange we will have
many good projects. but the exchanges have been mistaken in this reasoning. I see lots of shit projects collecting millions

[OmegaStarScream]

There is no doubt that the decision they made a few days ago about giving 100% of listing fees to charity is good but I honestly hope projects continue to pay for listings because otherwise, we'll just have random coins everywhere and as reputable as Binance is, people will probably be buying whatever gets listed without even knowing what that coin is used for.

[enhu]

Yes. Traders will just keep buying it knowing an exchange like binance add it. Personally I don't know what RVN token is but its price may suddenly surge up later.  Did the team just get so lucky or they did some kind of agreement behind this?  If binance do this randomly, they'd better check each coin, there are also good coins to add that just need an opportunity to be noticed by big investors in the market.

[onrise]

Will need to watch out will that is it one of the instance of adding it for free of cost else how will binance make lot of money if they start listing the coins for free. As their trading fee is also less so they make money from this listings. But seems to be an interesting move.

[Raja_MBZ]

There is no doubt that the decision they made a few days ago about giving 100% of listing fees to charity is good but I honestly hope projects continue to pay for listings because otherwise, we'll just have random coins everywhere and as reputable as Binance is, people will probably be buying whatever gets listed without even knowing what that coin is used for.

Binance is no longer going to list coins without investigating them, no matter how much fee they pay for the listing (remember, the fee is going to get donated directly to charity, so Binance doesn't care about that fee anymore anyway). Looking at CZ's recent tweets, it seems like Binance is only willing to list altcoins capable of bringing something unique to the crypto industry.

[carlfebz2]

There is no doubt that the decision they made a few days ago about giving 100% of listing fees to charity is good but I honestly hope projects continue to pay for listings because otherwise, we'll just have random coins everywhere and as reputable as Binance is, people will probably be buying whatever gets listed without even knowing what that coin is used for.

Binance is no longer going to list coins without investigating them, no matter how much fee they pay for the listing (remember, the fee is going to get donated directly to charity, so Binance doesn't care about that fee anymore anyway). Looking at CZ's recent tweets, it seems like Binance is only willing to list altcoins capable of bringing something unique to the crypto industry.

This should how a good exchanger should done on listing up coins which do really have some criteria not just on adding up a coin which doesn't have a significant potential or value to the community.
Its good that they are showing off some transparency that they can able to list out coins with "zero fee".

[BitHodler]

Its good that they are showing off some transparency that they can able to list out coins with "zero fee".

I definitely get it that people like Binance's move in this specific case, but it comes after a long period of time where they had all the freedom to ask any fee they thought was fair to have ICO tokens listed.

Binance is somewhat forced to do this with how the bear market has left such a large hole in the pockets of many startups and vague projects, that they aren't able to pay a fee at all.

Binance is a business and for that reason will list any coin (even for free) if they think it will be able to generate enough volume to profit from. RavenCoin fits in that category. It generated over 1000BTC in 24H volume. Not bad.

[carlfebz2]

Its good that they are showing off some transparency that they can able to list out coins with "zero fee".

I definitely get it that people like Binance's move in this specific case, but it comes after a long period of time where they had all the freedom to ask any fee they thought was fair to have ICO tokens listed.

Binance is somewhat forced to do this with how the bear market has left such a large hole in the pockets of many startups and vague projects, that they aren't able to pay a fee at all.

Binance is a business and for that reason will list any coin (even for free) if they think it will be able to generate enough volume to profit from. RavenCoin fits in that category. It generated over 1000BTC in 24H volume. Not bad.

Got your point and its actually true that they would really need to make a move no matter what as long they can able to generate income and as you said we are on a bear market and they do feel that profits or revenue isnt the same when the market is still on bullish trend and as a business you will really do steps that would really benefit you and this step had been done for that reason.Just hoping they wont really add up any coins which doesnt really need at all or not being supported- normal they would target out high volumed coins.

[peter0425]

Its good that they are showing off some transparency that they can able to list out coins with "zero fee".

I definitely get it that people like Binance's move in this specific case, but it comes after a long period of time where they had all the freedom to ask any fee they thought was fair to have ICO tokens listed.

Binance is somewhat forced to do this with how the bear market has left such a large hole in the pockets of many startups and vague projects, that they aren't able to pay a fee at all.

Binance is a business and for that reason will list any coin (even for free) if they think it will be able to generate enough volume to profit from. RavenCoin fits in that category. It generated over 1000BTC in 24H volume. Not bad.

Its really a good move for Binance and RavenCoin generating 1000 BTC? yeah not bad after and it seems Binance move really payed off. So its a win-win for both Binance and RavenCoin. So let's see what coins Binance gonna list next because I'm sure that everyone is trying to get in before it's listed so that they can take advantage of the pump.

[buwaytress]

I'll always be suspicious of the motivations behind such moves, but hell, when every other exchange is demanding fees, and with Binance committing to donation all of any listing "donations" to charity, I don't see why they can't get a thumbs up from us. So yeah, good job Binance.

We may recall that this was how exchanges began life anyway, listing coins they felt were good and were worth their time. It's a pity that the proliferation of shitcoins meant that exchanges were saddled with broken blockchains, outdated wallets and inundation of support requests as a result. This necessitated fees, which then became the excuse to earn money from the boom.

As BitHodler points out though, this was probably just a business move. They've got nothing to lose, moneywise, though if they really will investigate and look into each project, they would have to have the right technical people on their payroll. Expect this policy to change once we get out of the woods.

[Pyrojason]

It seems like a win-win. No doubt though as others have mentioned binance will have to thoroughly research new projects coming to the table. I always thought the fee made sense just to help prevent spam but if the spammers are able just to 'buy' their way in then the fees are meaningless in that aspect. A good partnership works for both parties and no doubt a coin listed on binance will go higher considering binance frequently has better taste in coins than many other exchanges. Not to mention, binance will be making a killing on any coins listed with fees, despite the low fees. Find a good enough project that appears to be ready to skyrocket and I'd be surprised if binance wouldn't considering paying them or asking them to join first.  

[jossiel]

That gives proof on how CZ is true to his words. I remember last time when there are scams and false news about Binance listing fees and then CZ replied that they can even list a coin for free, and he really did!

Felt sorry that I didn't bought ravencoin when it's making a noise before it gets there.

[arranka]

binance does not have to donate to charity
binance has to donate to its own users, through raffles or competitions
donate to charity is used to launder money
those who hold binance are its users and these would have to be benefited from charity

[milewilda]

binance does not have to donate to charity
binance has to donate to its own users, through raffles or competitions
donate to charity is used to launder money
those who hold binance are its users and these would have to be benefited from charity

You cant do anything about it if they decide to give up on charity rather than into its users but still a good thing done by them and community does support on what they had made.

Felt sorry that I didn't bought ravencoin when it's making a noise before it gets there.

An inevitable thing for most investors which misses out an opportunity even it already gives out a hint but well,risk takers would always took the advantage.