[NEWS] Binance accused of demanding for protection money from Digibyte

[bbc.reporter]

The skeptical me would say that both Binance and Digibyte's Jared Tate are moving under their own hidden agendas. I reckon both of them know that once the coin is listed, it will be pumped. Binance only wants some money for costs of listing and some Digibyte coins to dump for all the work hehe.

Jared should cooperate hehehehe. He cannot dump his own coins if he does not play the Binance game.



Back in 2018, Binance overhauled its listing policy and released a statement claiming it would no longer be charging listing fees. However, if a recent tweet by Digibyte CEO Jared Tate is to be believed, this might not be strictly true.

According to the Digibyte founder, representatives at Binance tried to strong-arm the project into providing $300,000 plus 3% of all DGB in order to protect against hacks, thefts and other issues. It remains unclear exactly how the $300,000 would be used to accomplish this, though the entire move seems similar to requesting ‘protection money.’

Tate claims that this request was made during a video call with the Binance team several weeks ago. After being told that Digibyte didn’t have any funds and couldn’t simply hand over 3% of the total supply as a decentralized project, Binance claimed it would get back to Tate later — but apparently never did.

Read in full https://beincrypto.com/binance-begins-shaking-down-projects-for-protection-money/

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[akirasendo17]

The skeptical me would say that both Binance and Digibyte's Jared Tate are moving under their own hidden agendas. I reckon both of them know that once the coin is listed, it will be pumped. Binance only wants some money for costs of listing and some Digibyte coins to dump for all the work hehe.

Jared should cooperate hehehehe. He cannot dump his own coins if he does not play the Binance game.



Back in 2018, Binance overhauled its listing policy and released a statement claiming it would no longer be charging listing fees. However, if a recent tweet by Digibyte CEO Jared Tate is to be believed, this might not be strictly true.

According to the Digibyte founder, representatives at Binance tried to strong-arm the project into providing $300,000 plus 3% of all DGB in order to protect against hacks, thefts and other issues. It remains unclear exactly how the $300,000 would be used to accomplish this, though the entire move seems similar to requesting ‘protection money.’

Tate claims that this request was made during a video call with the Binance team several weeks ago. After being told that Digibyte didn’t have any funds and couldn’t simply hand over 3% of the total supply as a decentralized project, Binance claimed it would get back to Tate later — but apparently never did.

Read in full https://beincrypto.com/binance-begins-shaking-down-projects-for-protection-money/

wow thats big money in the past few months binance been targeted by hackers even with lots of security measures binance still been hit multiple times, that means someone or somewhere inside is giving the hackers a way in even with a good security , how will you expect them to pay 300k usd , for the tokens if your security is poor at the same time you say you will not ask for money for listing a coin/token , changing statement means something is wrong besides there is lots of transactions being made everyday, in that only bianance is profiting every single day, you can't blame digibyte talking now , its sure is some kind of scheme, but if both of them have hidden agenda's holders are waiting for the pump hehe me also

[bbc.reporter]

@akirasendo17. That is the price to pay to join the Binance game and have your cryptocoin pump hehe. Tezos did it and it had a small pump.

However, I reckon it might be better for Jared to wait for the bull market for a 10x pump hehehe.

[Red-Apple]

that is how big exchanges have always operated. they ask for "bribes" to let the coins be listed on their platform because they know certain type of developers (which is the most common case) are desperate for being listed there.
that is also exactly why they started IEOs! they wanted to get paid more to "allow" scammers to advertise their shitty tokens. i warned about their abuse of power when they were starting to become big, then again whey they started the IEO nonsense

[bitgolden]

I am afraid that binance is now beginning to go out of line if this is true, because I don’t see the security that you want to provide in an extra way that you cannot provide generally, which means binance is purposely leaving those accounts on their platform loosed while we have believed that they are protecting the wallet for us.

From this statement, it means that they are only willing to give maximum security to those that are willing to pay for it and I don’t know why they will not just protect their platform generally and give maximum security to all users against asking, this situation is more like cheating to me, why would they charge for security again when they ought to have put all that into the cost of listing the coin, binance better be careful not to lose its glory.

[Lanatsa]

I am afraid that binance is now beginning to go out of line if this is true, because I don’t see the security that you want to provide in an extra way that you cannot provide generally, which means binance is purposely leaving those accounts on their platform loosed while we have believed that they are protecting the wallet for us.

From this statement, it means that they are only willing to give maximum security to those that are willing to pay for it and I don’t know why they will not just protect their platform generally and give maximum security to all users against asking, this situation is more like cheating to me, why would they charge for security again when they ought to have put all that into the cost of listing the coin, binance better be careful not to lose its glory.

Their heads is starting to become big and I wouldn't be surprised that one day this exchange would be replaced up but others.
Issues left and rights seems to be fast for binance as of this year and if they wont able to shut off these things then no doubt its glory days would be over
just like on what we have seen on past top tier exchange that already lose out their popularity. Asking $300k for security enhance and 3% of the entire
supply of DGB? that's too much to ask but well it will depend on the founder if he would play the game or not because we know that coins being listed
on this exchange will really have the advantage when it comes to volume building.

[bbc.reporter]

@Lanatsa. However, if Jared Tate wants to play and dump his coins, he has to pay and there is no other way to be on the Binance pump game hehehe.

Also, why is Jared angry?

[bbc.reporter]

News update.

It appears Jared Tate might be very angry at other exchanges after Binance denied the listing of his coin hehehe. He is presently attacking Poloniex on social media hehe.

He should befriend people who own exchanges if he wants to pump his Digibyte agenda.  

Also, he should not bring in Satoshi in the argument. If he respected his vision he would not create a pump and dump coin.



Jared Tate, the founder of Digibyte, had some harsh words for cryptocurrency exchanges recently. He claims they are counter to what Satoshi Nakamoto would have wanted.

Jared Tate has been embroiled in a controversy that has left many in the cryptocurrency community divided. Recently, BeInCrypto reported, Tate publically said that Binance and Tron’s founder, Justin Sun, were “crooks.” Moreover, he said they were operating on borrowed time. In response to the drama, Poloniex decided to unilaterally delist Digibyte (DGB) from its exchange entirely.

However, new comments by Tate (@jaredctate) is adding more fuel to the fire. He recently took to Twitter to argue that exchanges were distorting the market with their greed and corruption. Moreover, he claims this was against Satoshi Nakamoto’s original vision.

Source https://beincrypto.com/digibyte-founder-continues-crusade-against-exchanges-claims-they-are-corrupt/

[Hallmader]

News update.

It appears Jared Tate might be very angry at other exchanges after Binance denied the listing of his coin hehehe. He is presently attacking Poloniex on social media hehe.

He should befriend people who own exchanges if he wants to pump his Digibyte agenda.  

Also, he should not bring in Satoshi in the argument. If he respected his vision he would not create a pump and dump coin.



Jared Tate, the founder of Digibyte, had some harsh words for cryptocurrency exchanges recently. He claims they are counter to what Satoshi Nakamoto would have wanted.

Jared Tate has been embroiled in a controversy that has left many in the cryptocurrency community divided. Recently, BeInCrypto reported, Tate publically said that Binance and Tron’s founder, Justin Sun, were “crooks.” Moreover, he said they were operating on borrowed time. In response to the drama, Poloniex decided to unilaterally delist Digibyte (DGB) from its exchange entirely.

However, new comments by Tate (@jaredctate) is adding more fuel to the fire. He recently took to Twitter to argue that exchanges were distorting the market with their greed and corruption. Moreover, he claims this was against Satoshi Nakamoto’s original vision.

Source https://beincrypto.com/digibyte-founder-continues-crusade-against-exchanges-claims-they-are-corrupt/

I agree with Jared somehow that existing major actors in the crypto exchange business are not on track with what Satoshi really desired. Decentralization was foremost in Satoshi's mind. This is not what the top exchanges are offering. They are actually promoting the exact opposite with their centralized systems and KYCs. DGB is not really a pump and dump coin. It cannot be just like that.

[leea-1334]

Of course both have their own agenda. They are both a profit company, whose primary aim is to make money,,, if anyone believed that Binance was really so kind to remove their fee listing, then why did they ever list Launchpad tokens (who surely paid them to be on launchpad) and they after that delisted so many of them at the same time? Contracts were ended, and people moved on, that is all. Digibyte is not an angel either.

[Hallmader]

Of course both have their own agenda. They are both a profit company, whose primary aim is to make money,,, if anyone believed that Binance was really so kind to remove their fee listing, then why did they ever list Launchpad tokens (who surely paid them to be on launchpad) and they after that delisted so many of them at the same time? Contracts were ended, and people moved on, that is all. Digibyte is not an angel either.

Neither of them are angels. Both of them are business companies that will leave the other once the other will have no help in their own agenda. Both of them do not have to start pointing fingers at each other because both of them have their own share of skeletons in their rooms. They have their own nice points but they will not absolve them of their own selfish interests either. No point coming as the cleaner one.