No, it’s just an excuse to take money from you. We have a recent example that when they want they can act immediately without anyone filling out documents. All CEX is just blackmail for money:
Binance announced support for Uniswap’s new UNI token around 90 minutes after the DeFi platform’s governance token went live on Ethereum.
The leading cryptocurrency exchange came under sustained criticism recently for listing SUSHI just days after it was announced. SUSHI is the token of a cloned Uniswap project run by an anonymous founder who made off with $14M before returning it. Binance has previously made much of its comprehensive listing process, but that appears to have been overtaken by its desire to keep up with events in the fast moving DeFi space.
They are rightly afraid of DEXs … All we need is access to DEX - far fewer people will lose their money in CEXs, we will protect many, many people if we focus only on DEXs:
We (and the entire crypto world) have a very bad history with the exchanges:
- MasterXchange - closed , how much MAID remained there? Unknown (do you remember that we paid them 150 MAID withdraw fee?)
- Cryptopia - hacked , how much MAID was stolen there? Unknown (I lost “only” a few thousand…)
- Bitker - stole MAID from the MaidSafe company, how much? around 250 000 MAID
- Poloniex - delist MAID, how much MAID remained there? Over 10 000 000 MAID! (and let’s not forget before that they changed the fees from 10 MAID to 80 MAID!)
- Chainrift - closed , how much MAID remained there? Unknown
- Open Ledger DEX - closed , how much MAID remained there? Unknown
- Altilly - exit scam , how much MAID was stolen there? Unknown