“No ICO, community project, humble people, no listing fee.”
Binance has lengthy attracted a in all probability undue quantity of consideration for its apply of charging listing fees, even supposing it is a conventional aspect of the cryptocurrency global.
Recently it took a contemporary take at the apply despite the fact that, by announcing that it could be donating all listing fees to its personal charity, would let tasks be offering their very own selected listing rate quantity as a donation of varieties, and that Binance can be making public the listing fees charged to each and every coin.
Now Ravencoin (RVN) has grow to be the primary coin to head via the brand new procedure, effectively going in with none rate in any respect.
Based on previous statements from Binance CEO Changpeng “CZ” Zhao, this means he sees a large number of possible enlargement in Ravencoin.
For a undertaking to get through with zero listing fees, he says, it almost definitely wishes a strong product, many customers and a top likelihood of rising one day. It wishes a forged imaginative and prescient, a pleasing userbase and just right possible for adoption.
Or possibly it simply wishes a pleasing, humble group of customers and builders.
The marketplace have an effect on used to be speedy, with Ravencoin volumes briefly multiplying, and costs leaping through over 25% from about $zero.14 to $zero.20. Part of this may well be present hype, phase may well be long term hype and phase may well be other people stocking up now in expectation of every other even higher worth soar later when it is in truth indexed on Binance.
Ravencoin has a curious historical past for such an difficult to understand coin, discovering itself within the highlight on a number of events prior to now.
Its first push into the mainstream got here when Overstock CEO Patrick Byrne said he’d put a few million dollars behind it. And on the time it had already discovered a distinct segment function as one of the crucial profitable choices for smaller mining setups.
The undertaking itself fills a distinct segment too, as a proof of work tokenisation platform. It intends to deal with bitcoin’s basics whilst confidently packaging them right into a extra sustainable and effort environment friendly shape, and center of attention strongly on asset tokenisation by itself blockchain.
Now it has a minimum of yet another robust vote of self belief. Not best will or not it’s getting a Binance listing, however it is getting it with out the fees. It’s the primary coin to have its listing rate publicly introduced, so time will inform how commonplace that seems to be, however it might probably best be just right information for Ravencoin.
Disclosure: At the time of writing the writer holds ETH, IOTA, ICX, VET, XLM, BTC, ADA
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