The cryptocurrency exchange Binance has recently been accused by Moonrock Capital CEO Simon Dedic of charging exorbitant listing fees from project parties, claiming that Binance requires project parties to provide 15% of their total token supply as a listing fee. In response, Binance co-founder He Yi clarified that if a project does not pass the screening process, no matter how much money or what percentage of tokens are offered, they will not be listed on Binance. (Background: He Yi shared three core values of Binance, urging Wall Street to set aside prejudices and coexist with cryptocurrency) (Additional context: CZ and Binance's best relationship: mutual achievements after separation) Recently, Simon Dedic tweeted that he had a conversation with a Tier 1 project that raised close to nine figures. After wasting over a year conducting due diligence with Binance, they finally received a listing offer, but Binance asked for 15% of their total token supply as a listing fee: Imagine paying $50–$100 million just for a CEX listing. This is not only burdensome for the project parties but also a major reason for token price drops; some things need to change. I recently spoke with a Tier 1 project that raised close to nine figures. After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for 15% of their total token supply. Imagine paying $50–$100M just for a CEX listing. Not… — Simon (@sjdedic) October 31, 2024 Andre Cronje revealed: Binance charges no listing fee, while Coinbase charges high fees. In response, Coinbase CEO Brian Armstrong took the opportunity to promote his own platform, stating: Listing on Coinbase is free; you can leave us a message through the Asset Center, and we will see if we can help. Yes, DEX is also a good option (supported in our products). However, Andre Cronje, the founder of DeFi and Chief Technology Officer of Sonic Labs, directly rebutted Coinbase: Binance charged us $0 for listing, while Coinbase asked us for $300 million, $50 million, $30 million, and most recently $60 million. A lot of respect, but this (free listing) is simply not true. Binance charged us $0. Coinbase has asked us for; $300m, $50m, $30m, and more recently $60m. Lots of respect. But this is simply not true. — Andre Cronje (@AndreCronjeTech) November 3, 2024 Andre Cronje added that he did not sign a non-disclosure agreement, so he is very willing to provide evidence related to Coinbase's charges. Coinbase can argue that it is unrelated to listing fees but other costs, but this will still translate into the listing costs for project parties. He knows Coinbase might legally make some separations, but he is eager to disclose all evidence and let the public verify. He Yi responded to the listing controversy. After Andre Cronje spoke up for Binance, Binance co-founder He Yi also posted a response to FUD, emphasizing that Binance's airdrop rules are transparent and clear: If a project does not pass the screening process, no matter how much money or how many coins are offered, it will not be listed on Binance. The projects already listed on Binance have clear introductions in the token distribution column; please analyze the percentage to know if there is a so-called 20%, 15%, etc. The rules for airdrops in Binance's launchpool and other listings are transparent and clear, but that does not mean that projects willing to offer airdrops can be listed on Binance. If you have 20% of tokens you want to collaborate on an airdrop with Binance, feel free to work with our web3 wallet. FUD will never disappear, but it will make us stronger. Gossip easily attracts traffic, and business competition is always full of darkness; once you understand the rules of how this world operates, you will no longer be easily swayed by rumors and will gain the ability to think independently. People like AC, who bravely speak the truth amid noise, are the ones truly deserving of respect in the community. #4 If the project does not pass the screening process, no matter how much money or how many coins will not be listed. #DYOR Binance has listed projects in the token distribution column; please analyze the percentage to know if there is a so-called 20%. #Airdrop The airdrop… https://t.co/LYt3GU8nCr — Yi He (@heyibinance) November 3, 2024 However, Simon Dedic seems skeptical of He Yi's statement, replying: You can blindly trust what @heyibinance, Binance, and other CEXs are saying. Or, to play it safe, simply stick to trading on DEXs. Seems like a straightforward choice to me. You can blindly trust what @heyibinance, Binance, and other CEXs are saying. Or, to play it safe, simply stick to trading on DEXs. Seems like a straightforward choice to me. https://t.co/Utwv7fW3it — Simon (@sjdedic) November 3, 2024 Binance's listing strategy has attracted attention. Since the beginning of this year, there have been continuous criticisms of Binance's listing strategy, and Binance also...