DigiByte (DGB), a cryptocurrency whose founder is well-known for criticizing projects like TRON and Binance, has been delisted from Poloniex shortly after a Twitter thread on TRON’s centralization.
On social media, Poloniex announced the delisting “after careful review” as the cryptocurrency supposedly isn’t “qualified” per its listing standard. The announcement came mere hours after DigiByte’s founder Jared Tate published a thread accusing TRON of centralization and criticizing the investment of Justin Sun – TRON’s founder – on Poloniex.
In his Twitter thread, Jared Tate claimed TRON is a “100% premined & completely centralized network” and that Poloniex, shortly after spinning out of Circle and becoming an “independent international company” backed by a “major Asian investment group” has turned into a “TRX shill factory.”
Notably, TRON’s Justin Sun has admitted he was at least “one of the investors” who backed Poloniex, and the cryptocurrency exchange has been caught promoting TRON’s TRX. In a now-deleted tweet, Poloniex tweeted out “let’s buy TRON.”
Tate further claimed TRX is centrally controlled and alleged Sun still controls 34 billion TRX out of the 100 million preissued tokens. He added his motivation for the Twitter thread was being “royally pissed” his personal data, and that of his friends and family, is now in the hands of “this circus that is now Poloniex.”
9/9 This just came to my attention. Binance controls 56% of Tron voting power. So between CZ & Sun they can control 25 of 27 nodes. #blockchain cronyism at its finest. Centralized theater: https://t.co/IgNCEzajgY https://t.co/HS8S3ibDRg— Jared Tate (@jaredctate) December 4, 2019
Tate is notably well-known for criticizing Binance as well, as according to him DGB won community polls to be listed on Binance when the exchange was launched, but was never listed because it refused to pay a listing fee.
At press time, DigiByte’s price is down by over 5% against bitcoin, presumably over the delisting announcement from Poloniex. CryptoCompare data shows only about 9% of DGB’s trading volume is on Poloniex.
Featured image via Pixabay.