Recent community discussions have seen FUD (fear, uncertainty, and doubt) circulate around Binance Launchpad, sparked by a claim from the CEO of Moonrock Capital. The claim suggested that to list a potential project on Binance, the platform required 15% of the project’s total token supply.

In response, Binance co-founder Yi He publicly denied these allegations on social media, clarifying that Binance does not require new projects to provide a percentage of tokens or a fixed listing fee. She pointed out that all listed projects on Binance have clear token distribution details, inviting users to review these figures to confirm there are no hidden 20%, 15%, or similar allocations.

According to Binance’s listing policy, established in 2018, all listing fees are transparent, with 100% of these fees donated to charity. The policy stipulates that project teams propose a “listing fee” or, more accurately, a “donation” amount, with Binance having no minimum listing fee requirement.

Andre Cronje Challenges Coinbase’s Listing Fee Claims

The Moonrock Capital CEO’s remarks also led to discussions about listing fee practices across centralized exchanges. Coinbase CEO Brian Armstrong responded on social media, asserting that Coinbase does not charge listing fees. However, Andre Cronje, co-founder of Sonic, contested this, stating that while Binance does not charge listing fees, Coinbase has consistently requested substantial fees, with quotes of $300 million, $50 million, $30 million, and most recently, $60 million.

Despite Cronje’s assertions, some developers within the Base ecosystem defended Coinbase, stating that Coinbase’s listing team does not charge listing fees and that any fees associated with Coinbase Earn are optional. In response, Cronje clarified that he holds no non-disclosure agreement preventing him from sharing evidence of these requests, documented over the years across emails, Telegram, and Slack. He noted that while Coinbase might position these fees as “Earn Fees” rather than listing fees, they effectively translate into listing costs for projects.

Base ecosystem developers further explained that Coinbase’s listing team and Coinbase Earn team function independently. Participation in Coinbase Earn is optional and does not impact token listings, while Coinbase prioritizes regulatory compliance and does not indirectly charge listing fees. However, the Earn team may still promote its marketing programs.

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