Poloniex, the US-based crypto exchange has decided to delist DigiByte digital currency after a ‘careful review’. The decision has been made after the founder of DGB, Jared Tate, made a strong criticism against the Poloniex and Tron CEO, Justin Sun.
Delisting of DGB
The exchange is in a defensive mood when the founder of DGB raised questions about the decentralization of Poloniex and Tron network; and called Tron totally centralized. After a strong exchange of comments over Twitter, the platform decided to delist cryptocurrency.
Both companies, Poloniex and Tron, are engaged and made an investment together. It is said that the exchange is in the process to become the super representative of Tron Network and is going to transform the TRXMarket into the platform’s DEX. Over the delisting tweet, Tate passed a very disturbing comment and called it a ‘Scammers paradise’.
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
— Jared Tate (@jaredctate) December 5, 2019
Various cases of delisting have been observed by the exchange in 2019 and the reasons behind were strict US regulations and liquidity issues of digital assets. But the recent activity by Poloniex raised many questions as it is based on the fight that happened on Twitter between both companies.
After the delisting of DGB coin from the platform, they have announced that they are planning to offer free listing of any TRON-based TRC-20 tokens.
Blockchain ‘Hijacked’ by Tron
Jared Tate is writing a book entitled ‘Blockchain 2035’ and in this book, he attacked many giant tech pillars such as the founder of Tron and Binance co-founder. He unveiled that blockchain technology has been hijacked by companies like Tron. According to him:
$TRX is 100% premined & centrally controlled. 100 billion TRX was preissued by Justin Sun & the Tron Foundation where he is CEO. Right now 66 billion TRX are in circulation. So Sun still controls 34 billion $TRX after dumping $ millions on investors.
Criticism over the Decision
Crypto analysts and experts have also shared their sentiments over the recent heat between two companies. However, the major criticism is on the Poloniex exchange.
Crypto is fucking surreal.
DigiByte founder posts a thread criticising TRON and its usurpation of Poloniex.
Hours later, Poloniex replies saying that DigiByte is going to be delisted from their platform after a miraculous and entirely coincidental "careful review".
— Cred (@CryptoCred) December 5, 2019
According to another crypto enthusiast on Reddit:
Poloniex delisting DGB proves Jared’s point. This was actually good for the DigiByte community, which is looking very strong and cohesive on Twitter. Ultimately DGB does not need Poloniex and I believe this flame war is going to bring in a new batch of DigiByte supporters.