Post
Topic
Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign
by
Jumbley
on 14/03/2018, 21:25:10 UTC
What does Digibyte has to do with Binance? As far as I know DGB is a coin intended for using in micropayments and aims to be massively adopted, while Binance is a coin exchange? I don't see why there's conflict.

The problem is that Tima DGB wants to register to the binance exchanges.
But Binance set a high price to get into the exchange.

It seems the main issue stems from Binance possibly confusing DGB with an ICO. ICOs receive massive early cash infusions, so Binance appear to charge them a very high fee to list them. DGB, being a POW coin, of course doesn't have ICO level funds to work with and everything needs to be raised by community donations. $100,000 is really too much to expect the DGB community to raise. Especially as Binance don't guarantee listing us even if that amount is paid, and also reserve the right to de-list at any time for any reason. If we raised & paid that amount but Binance did any funny business imho it would irreparably damage the DigiByte community.

According to my suggestion, DGB Team does not have to force to enter binance exchanges.
Bittrex is also still good and will be supported by other exchanges that will help DGB progress in the future.

I guess Jared was just a little bit peeved about the apparent general lack of awareness, that all these massively upfront financed ICO’s are not even Blockchains in their own right but tokens running on someone else’s blockchain and therefore reliant on someone else’s infrastructure and security.
On a slightly different note, Binance seems maybe to have realized the difference and is introducing its own blockchain….
Wouldn’t be surprised at all to find DigiShield in that now.