In what could be seen as an in-house war, the United States-based crypto-to-crypto exchange, Poloniex, has said that Digibyte (DGB) is ‘no longer worthy of being listed’ on its platform.
Poloniex tweeted the development of December 4, saying that “after a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced.”
The exchange failed to state precisely the qualifications which Digibyte was unable to meet, however, the sudden decision to delist the token could be related to the rift between Jared Tate, founder of Digibyte and Justin Sun, CEO of the Tron Foundation on the issue of centralization.
Jared Tate had criticized Tron to be 100% pre-mined & centrally controlled. According to him, Sun pre-issued about 100 billion TRX. At the moment, 66 billion TRX are in circulation; hence, Sun controls 34 billion $TRX after dumping $ millions on investors.
1/8 Im disgusted by all these #TRON trolls/bots attacking me & hyping a 100% premined & completely centralized network like its the most decentralized gift from god. Now #Poloniex has turned into a $TRX shill factory after making off w/ US customers sensitive data. Fact time:
— Jared Tate (@jaredctate) December 4, 2019
Also, he alleged that TRON’s 27 “Super Representative” nodes are being controlled by Sun and the Tron Foundation using DPoS. Jared claimed that Lucien Chen, the former Tron CTO had to quit because the network became excessively centralized.
Justin Sun Owns a Stake in Poloniex
After several denials, Sun opened up in November, that he indeed owns a stake in Poloniex exchange labeling himself as one of the investors who are helping Poloniex to grow.”
Following that revelation, Jared argued that Poloniex has turned into a ‘TRX shill factory’ that breaks into sensitive data relating to the US customers, a fact perhaps backed by Poloniex’s recent announcement that it would offer a free listing to Tron-based projects on its decentralized exchange.
Apparently, Jared’s complaints did not go down well with both the Poloniex and Tron community, resulting in the former revealing that they would delist Digibyte (DGB). Whether Justin Sun was behind the delisting decision or not is something one cannot say for sure, but the current development represents a blow for the Digibyte project whose coin has been listed on Poloniex for five years.
Recently, Coinfomania also reported that Digibyte fell out with Binance after the exchange allegedly asked for $300,000 and 3% of coin supply to list the cryptocurrency.
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