Binance exchange, the launch of DEX of which could become one of the main events in the crypto currency space this will, allegedly used its influence to get information it is interested in from the projects willing to list their tokens on its platform, claims the author of YouTube channel Chico Crypto, ho told the story of Blocknet startup. Blocknet is working on creation of second layer protocol to ensure blockchain compatibility, it has its own decentralized exchange BlockDX. In August, 2018, Blocknet filled in an application for BLOCK token listing on Binance and undergone a standard procedure during which it was required to answer to several questions about the team, the product nature, target audience and etc. Binance sends this range of questions to all the projects interested in listing on the platform, but it wasn’t enough in case of Blocknet. Business development chief officer at Binance contacted the project and asked to answer additional questions. Blocknet developers filled in the forms and were waiting for the exchange to respond for a month. They smelled a rat and explored the questions one more time, after that their suspicions strengthened. In addition to some other requests, Binance wanted to get information about: Taking into account the fact that Binance announced its DEX in March, 2018, 5 months before Blocknet filled in its application, Chico Crypto wonders why the exchange is interested in startup technology so much. The list of people participated in negotiations between Binance and Blocknet regarding listing is also curious. The startup claims that several Binance developers asked the questions beyond the framework of a standard procedure. Additionally, the author suspects NEO chief technical officer Erik Zhang. Blocknet points out that Zhang asked for access to GitHub repository, was interested in the infrastructure and data storage solution. Answer to the last question could be interesting both for NEO who develops NeoFS data storage system and Binance which needs such a mechanism for its DEX. Zhang is Binance’s investor, this probably explains his interest to getting the data useful both for his platform and the exchange. However, provision of information didn’t help Blocknet to list the token and its application was rejected. Binance approved itself as one of the most reliable players of the crypto currency ecosystem. Nevertheless, its relationship with the startups success of which depends on listing on major exchange has repeatedly become foundation for such dubious stories. On the other hand, Blocknet, being aware of Binance’s intention to develop its own decentralized exchange, should have been more careful about reveling information of such sort. |
