Crypto exchange platform Binance will make a change to its listing fee policy and will starting immediately, and going forward, make all listing fees transparent and donate 100% of them to charity in a bid to fight fraud and increase its charity activities.
According to the firm, “This change will further push Binance’s charity initiatives and increase the use of blockchain for the greater good. We will have further updates in this area shortly.”
Binance is yet to propose the amount it would like to provide for the “donation” and states that it will not dictate a number, nor is there a minimum required listing fee. For users whose coins are still in the listing review process, Binance is asking them to update their application with an appropriate number and a large donation does not guarantee or in any way influence the outcome of its listing review process.
Blockchain Charity Foundation (BCF) is dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development. BCF aims to transform philanthropy by developing the world’s first decentralized charity foundation to build a future where blockchain technology can be used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind.