Exposing Binance's Listing Fees | CJ Hetherington
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Welcome to Bankless, where today we are talking about centralized exchange token listing fees. There has been some drama on the crypto Twitter timeline as it relates to probably one of the more important subjects when it comes to, the release and liquidity of founder on tokens, newly launched tokens. This drama got started when the founder of a prediction market project on base released the details of an offering that he claimed he got from Binance about the token listing fees for what it would be required for to to launch his token on Binance. This token doesn't exist yet, but is in the proje
kind of a
big PR mistake from from finance. And it's it's like the 800 pound gorilla in the room who owns all the liquidity kind of going after the startup founder on on base. And so entertaining at the very least. And I think this is also a very important discussion for liquidity and fees when it comes to startup founders trying to find liquidity for their new token to attract investment. It's a pretty important conversation. I think CJ does a great job giving his perspective as a founder and just giving his advice to other founders in the space who are also going like him going through some of these c
Hey, David. How are you? Thanks a lot for for having me on the show.
You are the main character today, at least over the last forty eight hours on on crypto Twitter. How do you feel?
I I definitely don't want to be the main character, so that's not necessarily a bullish signal. Maybe that means I should turn it down a little bit.
Okay. So for listeners who aren't on on crypto Twitter, there's been an ongoing conversation about the role that centralized exchanges have in providing liquidity to tokens, especially when it comes to listing fees. And this concept of centralized exchange listing fees has kind of been this like nebulous topic that no one has ever been really able to define because no one knows what the true listing fees are. And, you know, Jesse from Base will go on Twitter and say, Coinbase has no listing fees. And then representatives from Binance will be like, Binance has no listing fees. But then in the b
Yeah. So, I I mean, the first thing I would love to say is I I really respect CZ, and I really respect Binance. And, you know, I I really hope that this is a window for not only Binance, but for centralized exchanges in general to be open to constructive feedback from the community. Like, yes, I'm a builder, but before I was a builder, I was a community member. And I think it's very important that this feedback is heard by centralized exchanges, and I think it's very important that if centralized exchanges want to exist five years from now, that they, you know, really take heed and and start t
Yeah. It's probably worth highlighting why this fee is allowed to exist in the first place and why founders historically have taken this fee. Whereas just like, you know, liquidity on Binance, which is also, you know, distribution distribution for your token is incredibly valuable. It can add tens, hundreds, perhaps even a billion dollars of market cap onto a project. And so, you know, what's 8% of a sacrifice if you're going to add 100 plus million dollars to your potential market cap? Granted, it might be a deal with a devil over the long term. But like so many founders are trying to just go
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