Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][ZEN] ZenCash: Private, Secure, Resilient CryptoCurrency with zk-SNARKs
by
TheHas
on 22/05/2018, 03:36:31 UTC
Quote from: n0rd on May 21, 2018, 01:53:17 PM
Quote from: MedaR on May 19, 2018, 09:05:31 AM
Quote from: TheHas on May 19, 2018, 08:53:02 AM

Binance had Zencash as a 'Community coin of the month' option - twice - and it didn't get the votes needed from the community for the discounted listing. So it has had the opportunity to be listed, but for whatever reason, didn't pull enough votes from people like us.

It could still get listed through the regular channels, but obviously it would be more costly for zencash and might take longer.
This is true, and this is why community engagement is also very important. Support from community is crucial for success.

Unfortunatly as I have seen in the Crypto Community... They do nothing for Free Tongue
Reward each unique Voter with a Zen or Two and see Zen get Listed on Binance like in Yesterday Smiley
It sucks, but it is true.

I get where you're coming from, although buying votes with Zen would be very costly, and isn't really in the spirit of supporting a 'community coin'! Binance is essentially getting the listing fee of a 'popular' coin by going through this voting process. Every vote costs 0.1 BNB, which in USD is about $1.50. This is returned to Binance and adds an additional utility to BNB on top of the reduced exchange fees.

Really instead of coin developers paying for the listing fee, all the users who want the coin listed and are voting are paying the listing fee. Each of those 0.1 BNB adds up quickly!