Digibyte (DGB) Proved its true Decentralization again with listing on Binance with Zero feeJune 22, 2020
It was a huge surprise for the entire Digibyte community when Binance, out of the blue, announced DGB coin listing on its exchange with zero listing fee on 22nd June 2020.
Binance will list DigiByte (DGB) and open trading for DGB/BTC, DGB/BNB and DGB/BUSD trading pairs at 2020/06/22 2:00 PM (UTC). Users can now start depositing DGB in preparation for trading.Binance.com
Binance which is known to be the largest crypto exchange to many has been known to list crypto coins and tokens for huge amounts which scare many communities. With the introduction of Binance research, the platform began extending its tentacles to see great innovations on the crypto space. The reason behind the zero listing fee wasn’t disclosed on the exchange’s announcement page, but speculations from Digibyte community revealed that it must be because the coin supports true decentralization which is had to find in most top cryptocurrencies today even bitcoin.
From the Founder
Jared Tate, the founder of Digibyte coin expressed his surprise for the announcement and appreciation to the crypto exchange for the kind gesture:
Today is a big win for everyone & the future of truly decentralized #blockchain Tech. To my surprise & many others @Binance freely listed #DigiByte w/o any requests/ stipulations just as any exchange can do. No permission required. Thank you @cz_binance, #Binance team & $DGB fam!@jaredctate
The announcement created a ripple effect in the Digibyte community, so much that it seems almost all supporters of the coin are talking about it. It had only been seven months when the coin was delisted from poloniex exchange. The event which many community members saw as a result of the shocking revelation the founder made about Tron whose founder is part of investors which acquired the exchange. Binance listing to Digibyte community has further solidified DGB holders’ believe in what the coin represents.
Digibyte’s True Decentralization Model
Digibyte coin is solving mining centralization problem by running a multi-algorithm which restricts more powerful miners from mining the coin. This discourages mining pools or farms and encourages lone miners since cheaper miners can be used. This has encouraged many people to mine the coin from all over the world. The Digibyte application layer is home to cool applications like DigiID, AutumnID, and ChangeAngel which have been used by many who enjoy security, privacy and decentralization.
The Digibyte Community appreciates the Gesture
Josiah Spackman a top Digibyte community member and Digibyte awareness Team member also appreciated the kind gesture from Binance:
Thanks for the 3x trading pairs too @Binance Thumbs up DGB/BTC, DGB/BNB and DGB/BUSD Smiling face with smiling eyes. They’re right too, there was no listing fee from @DigiByteCoin. Good stuffJosiah Spackman
This kind of listing has proven that decentralization is the core of Blockchain technology and that Binance is a big supporter of that vision.