CZ responds to the controversy over Binance's listing fees: If you don't want to pay, then don't pay; good projects don't need to ask others for listing.

Binance founder Zhao Changpeng (CZ) recently responded to community concerns about Binance charging high listing fees and token supply requirements, stating: “If you don't want to pay, then don't pay.” He emphasized that if a project is strong enough, it will naturally be sought after by exchanges for listing, and that the focus should not be on complaining about competitors or exchanges. He also pointed out that decentralized platforms offer more freedom as an alternative.

Controversy Trigger: CJ Exposes High Listing Fees of Binance

Recently, the community revealed that Binance charges high listing fees and airdrop requirements for new projects, including various conditions such as up to 5% to 8% of the total token supply.

Several project founders, led by CJ, the founder of the market prediction platform Limitless, pointed out that a total investment of $1.25 million to $3.25 million is required for the listing on Binance Alpha, contracts, and spot trading, part of which is refundable, including margin, liquidity, and marketing budget.

These allegations have led to criticism of Binance for being profit-oriented in its listing selection, resulting in some tokens plummeting after their listing, which has intensified external doubts about the review standards.

(Limitless founder reveals Binance listing conditions: 8% of the token supply must be provided for spot trading, CJ claims no non-disclosure agreement was signed )

CZ strikes back: A strong project doesn't need to seek help, businesses can decide their own business models.

CZ subsequently responded, stating: “If you don't want to pay, then don't pay.” He mentioned that truly capable projects will be actively listed by exchanges; if you still have to request to list your coin, then you should reflect on the reasons and consider who you are providing value to.

If you complain about the listing fees of competing exchanges, then you can set your own listing fee to 0 and just be happy.

He emphasized: “In a decentralized world, businesses can freely choose their own business models; no one forces you to adopt a certain model, and you can set the transaction fees to 0 as well.”

In addition, CZ suggested that token holders who are dissatisfied with the coin price should reflect their concerns to the project team or directly use the decentralized exchange (DEX), rather than blaming the centralized exchange (CEX).

CZ reveals three listing models of exchange ecology

CZ further categorizes the common listing models in the market into three types:

Fully open type: listing all on-chain Tokens, but most are only scams or failed projects.

Revenue model: The above coins serve as the main source of income, and small exchanges often adopt this model.

Security Guarantee Type: Requires airdropping or depositing collateral to users to prevent fraud and protect users.

He believes that these models do not have absolute rights or wrongs, but are merely differences in the choice of business models by exchanges.

Hyperliquid speaks out: Listing only requires Gas fees

As the controversy escalates, the decentralized derivatives platform (Perp DEX) Hyperliquid has also joined the fray, emphasizing that its listing process requires no review and only requires the payment of HYPE gas fees. Deployers can even choose to receive 50% of the transaction fees.

As the largest on-chain competitor, the platform challenged Binance's lack of transparency a few days ago with publicly available liquidation data, creating a tense atmosphere.

( Binance liquidation data is ridiculously low! Hyperliquid publicly challenges Binance's liquidation data? )

Binance's status is under scrutiny: from coin listing fees to one-stop services

During the bull market from last year to this year, Binance collaborated with PancakeSwap to create a complete industrial chain, from Binance Alpha to the listing of perpetual contracts and spot trading, indirectly encouraging project parties to pursue short-term monetization rather than long-term development, which undoubtedly impacted the credibility of the Binance brand.

(How Centralized Finance Destroys Market Confidence: The Truth Behind Binance's Flash Crash After $20 Billion Outflow Remains a Black Box)

However, there are voices in the community that believe that listing fees are one of the reasonable business models of exchanges. Whether it is cash, airdrops, or liquidity rebates, they are all results of free market competition, and both project parties and investors can choose whether or not to participate.

In this article, CZ responds to the controversy over listing fees at Binance: If you don't want to pay, then don't pay; good projects don't need to rely on others for listing. Originally appeared on Chain News ABMedia.