Original title: "Rumors are spreading, which one is true or false about Binance's sky-high listing fee?"

Original author: shaofaye123, Foresight News

Exchange listing fees have always been the focus of industry attention, and the discussion about whether there are really sky-high listing fees is not the first time. In 2018, Binance was questioned for charging a listing fee of $1 million for listing tokens. Other exchanges have also been involved in the topic, 10 ETH, 20 BTC, 500,000 Tokens, which is difficult to judge. Binance also issued an announcement in October 2018 claiming that the listing fee would be transparent and donated to charity. In 2022, due to the incident of MITH requesting the return of deposits, Binance's listing fee was once again caught in the whirlpool of public opinion. Recently, as the CEO of Moonrock Capital exposed the $100 million listing fee on Twitter, rumors and condemnations of Binance's sky-high listing fee have once again become the focus of discussion.

The whole story

On November 1, the CEO of Moonrock Capital, a cryptocurrency native consulting and investment company, spoke out on Twitter. He claimed that Binance required a potential project to provide 15% of its total token supply to ensure its listing on a centralized exchange, which accounted for 15% of the total token supply, worth about $50 million to $100 million.

The incident then began to ferment, with the number of views on the post exceeding one million, and more and more KOLs began to participate in the condemnation or support.

Coinbase co-founder Brian Armstrong also issued a statement on the matter, claiming: "Coinbase's listing is free."

Coinbase, which wanted to use this incident to show the spirit of decentralization and fairness, was quickly exposed. Not only did it charge a listing fee, but the amount was not small.

Sonic Labs co-founder Andre Cronje claimed on Twitter, "Binance does not charge listing fees, but Coinbase has repeatedly asked for fees and quoted $300 million, $50 million, $30 million, and the most recent offer was $60 million." This response triggered widespread discussion, and the incident intensified. Some people questioned that Andre might have contacted fake Coinbase listing workers, and Andre said that he could provide all the evidence for public identification. “I didn’t sign a non-disclosure agreement, so I’m happy to provide proof (the price request came from multiple Coinbase employees/departments over the years via email, Telegram, and Slack). Coinbase can argue that this is not a listing fee, but an Earn Fee, but this still translates into a listing cost for the project.”

He Yi responded

The discussion was so heated that Binance co-founder He Yi also responded, claiming that there is no so-called listing fee, and the airdrop ratio and rules for cooperating with the project party are clear and transparent, and the project party’s listing qualification will not be determined by whether the project party gives tokens. In addition, Binance has a strict listing screening mechanism.

He Yi said on Twitter,

· FUD If a project does not pass the screening process, no matter how much money or how much percentage of coins it has, it cannot be listed on Binance.

· DYOR Binance has clearly introduced the projects that have been listed in the token allocation column. Please analyze the percentage yourself to know whether there is a so-called 20%, 15% or something like that.

· The rules for airdrops on Binance's launchpool and other airdrops are transparent and clear, but it does not mean that all projects willing to airdrop can be listed on Binance. If you have 20% of tokens and want to cooperate with Binance for airdrops, you are welcome to cooperate with our Web3 wallet.

FUD will never disappear, but it makes us stronger. Gossip can easily gain traffic, and commercial 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 then you will have the ability to think independently.

People like AC who have the courage to tell the truth in the noise are the ones who are truly worthy of respect in the community. 」

As for the listing fee, KOLs and the public also have different views. Some people believe that listing fees are part of the operation of an exchange and can be used as a way to screen the quality of projects. Others believe that listing fees may hinder some promising but underfunded projects from going public, thus affecting the diversity and competitiveness of the market.

Looking at Industry Development from the Perspective of Listing Fees

In 2018, 2022, and 2024, it seems that the controversy over listing fees will be brought up again every once in a while. Cryptocurrency is centered on the spirit of decentralization, but the listing fees of centralized exchanges are always shrouded in mystery. From a business perspective, it may be reasonable for exchanges to charge certain listing fees because they need to invest resources to evaluate projects, ensure compliance, and maintain the operation of the platform. However, the collection of fees should be transparent and fair, and excessive fees should not become an obstacle to innovation.

The controversy over listing fees continues, and what we see is a strong demand for transparency and fairness from practitioners. The positive response from Binance has eased market concerns to a certain extent, which further highlights the need for exchanges to be more transparent and fair in their listing policies. However, the development of the industry should not stop at listing coins, and project parties should pay more attention to the quality and sustainability of their projects. The focus on listing fees at each stage is a demand for a fairer and more transparent market environment. This often means the emergence of a new turning point, and the industry needs truly valuable projects to stand out.

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