Founder Of DigiByte Talks About Binance Listing Woes

Jared Tate is a guy known as the founder of DigiByte and a relatively popular crypto personality in the news. As of recently, he posted a tweet talking about Binance – something that turned to a pile of frustrated complaints about corruption and centralization in the crypto industry.

The pool of tweets resulted in an abrupt announcement for Tate, as his DigiByte was delisted from Poloniex. As the founder of DigiByte, he obviously did not like what his Twitter thread resulted in and sat down to discuss the latest cryptocurrency news with one media outlet.

Below is one of the first tweets that Jared Tate posted:

1/8 Im disgusted by all these #TRON trolls/bots attacking me & hyping a 100% premined & completely centralized network like its the most decentralized gift from god. Now #Poloniex has turned into a $TRX shill factory after making off w/ US customers sensitive data. Fact time:

— Jared Tate ©️ (@jaredctate) December 4, 2019

The acrimonous relationship between the founder of DigiByte and the larger forces of Binance (and Poloniex which is now managed by TRON) traces back to a different era in the crypto industry. In 2017, the Binance news showed that the exchange was growing by leaps and bounds and was on a way to become the most popular altcoin exchange in the world. Being listed on it was like having a license to print money.

This was when the founder of DigiByte saw a major opportunity and initially entered as a prospective listing on the new exchange. Tate advocated for its addition to the growing library of assets offered by Binance – and alleged that binance expected substantial fees in the hundreds of thousands of dollars to be paid for the privilege of listing DigiByte (DGB) on the popular new platform.

“It’s not that people were opposed to paying Binance’s listing fees — we flat out couldn’t. There was no marketing budget,” the founder of DigiByte said about back then.

If we go fast forward to fall 2019, we can see that Tate was again approached by Binance (as he said) about listing DigiByte on the new US-based trading platform.

“They said they would list us, respect us; that everybody would let bygones be bygones. They requested I get on a video call with them. I told the community, ‘Look if they make any crazy demands, I’m not going to go for it.’ I was told they wouldn’t make any crazy demands. Sixty seconds into the call, they’re asking for $300,000 and 3% of all DigiBytes.”

The founder of DigiByte is left in wonder why Binance would approach him after all. He said:

“90% of the crap that’s out there, they couldn’t list on the new Binance.US platform. So I think they were maybe using us to promote their new platform? You wonder, did they intentionally do that? They legitimately think this whole thing is nothing more than business. It’s a difference in values.”

As his final note, Tate said that the DigiByte community was overwhelmingly supportive since the incident.