Binance Decentralized Exchange (DEX) Announces Lower List And Issue Fees On The New Platform
Binance Decentralized Exchange (DEx) Announces Lower List And Issue Fees On The Exchange
Binance Decentralized Exchange (DEx) was launched earlier in the year raising the hopes of mass adoption of cryptocurrencies in the future.
The decentralized exchange has received its fair share of compliments and criticism after the successful launch. The DEx will allow users to exchange cryptocurrencies on a peer to peer platform without the need for a third party to complete the transaction.
— Binance DEX (@Binance_DEX) February 26, 2019
The Binance DEx issue and listing fees are a major cause of concern which has led to the exchange lowering the issue and listing fees on Tuesday this week. The announcement made through the official Binance community chat further stated that the existing fees will remain the same at the moment.
Token projects will now be required to pay 1000 Binance coins (BNB) fee to issue tokens on the DEx as the listing fee saw a reduction to 2000 BNB.
Users are now able to collect sufficient funds in aggregate as they can register 20 addresses to receive 200 faucet BNB tokens from the Binance Test net. This allows users to issue and list their tokens by themselves. Every proposal has to wait for at least 4 hours to receive a final vote result.