Poloniex Delists Digibyte Following Tweetstorm Jonathan Ganor 2019-12-05 08:56:17 686 views

Will Digibyte Get Picked Up by Gemini Instead?

Earlier this week Digibyte founder Jared Tate vented some frustration regarding the cryptocurrency industry on Twitter. Tate took aim at Binance's CZ & TRON's Justin Sun in particular and even referred to them as "crooks".

Later Tate elaborated on how the two individuals were negative to the cryptocurrency ecosystem in his opinion. He claimed that ICOs, premined projects, and centralized DPOS models are the anti-thesis to cryptocurrencies goal of decentralization.

Poloniex Takes Action Against Digibyte

Purchased recently purchased by Polo Digital Assets, Poloniex was one of the larger exchanges offering Digibyte. Unfortunately for Digibyte, Polo Digital Assets is led by TRON's Justin Sun. In what can essentially be seen as a bitter move, Poloniex have announced that they are delisting Digibyte.

After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced. â Poloniex Exchange (@Poloniex) December 5, 2019

Poloniex's announcement drew a lot of confusion and criticism on Twitter. Digibyte has been listed on Poloniex for years, what move could have disqualified Digibyte from Poloniex's listing standards? Besides Tate's personal criticism of Justin Sun & TRON no major changes have been made to Digibyte.

Tate responded with a further scathing criticism of TRON & Poloniex.

By not qualified you mean #DigiByte is truly decentralized, was never an ICO and isnt 100% premined? Duly noted. #Poloniex is the new scammers paradise. The less $DGB in the possesion of the #TRON con job the better. https://t.co/unhsiZjzn5 â Jared Tate (@jaredctate) December 5, 2019

So far it seems that the majority of Twitter is siding with Tate at this point. Some have even gone as far as to request other exchanges list Digibyte as a result. Others claimed to have purchased Digibyte as following the conflict.

Moments like these can make or break a cryptocurrency. Should other exchanges add a listing of Digibyte, it could have a bright future. If it doesn't get listed and traded on other exchanges, it could slowly sputter out and fail, like Bitcoin Private.

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