{"id":127152,"date":"2025-04-14T15:29:26","date_gmt":"2025-04-14T15:29:26","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127152"},"modified":"2025-04-14T15:29:26","modified_gmt":"2025-04-14T15:29:26","slug":"bybit-denies-1-4m-listing-fee-school-promo-accusations-on-x","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127152","title":{"rendered":"Bybit denies $1.4M listing fee, school promo accusations on X"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Bybit has denied claims that it charges $1.4 million to list a token on its platform, following allegations made by a social media user with over 100,000 followers.<br \/>\nOn April 14, X user \u201csilverfang88\u201d accused the exchange of demanding millions from projects in listing fees. The user also alleged that Bybit used key opinion leaders (KOLs) to silence students who were given trial contracts through the platform\u2019s Campus Ambassador program.<br \/>\nBybit CEO Ben Zhou denied the allegations, asking the social media user to provide evidence backing the claims. Zhou added that the crypto space has been chaotic because of rumors posted without evidence.\u00a0<br \/>\nSource: Ben ZhouBybit denies $1.4-million listing fee accusation<br \/>\nIn a statement sent to Cointelegraph, a Bybit representative clarified the requirements for listing on the crypto exchange.\u00a0<br \/>\nAccording to Bybit, the exchange requires three things from projects: a promotion budget, a security deposit and an evaluation process.\u00a0<br \/>\n\u201cProjects are expected to allocate promotional funds for user engagement activities, though legal constraints prevent exchanges from holding tokens directly,\u201d the representative told Cointelegraph.\u00a0<br \/>\nBybit said it asks for a deposit of $200,000\u2013$300,000 in stablecoins to ensure promotional goals are met. Penalties may apply if the targets are not reached.<br \/>\nApart from the promotional funds, the exchange said its listing process includes form submissions, internal voting, research and a listing review meeting. The representative told Cointelegraph:\u00a0<br \/>\n\u201cEvaluations focus on fundamentals and risk controls, including onchain data, address authenticity, use cases, user distribution, project value, token valuation, value capture mechanisms and team credentials.\u201d<br \/>\nRelated: Bybit integrates Avalon through CeFi to DeFi bridge for Bitcoin yield<br \/>\nUser claims Bybit provided trial contracts to students<br \/>\nIn addition to the listing fee allegations, the X user claimed that Bybit had provided trial contracts to students under its 2024 Campus Ambassador program and used KOLs to suppress complaints.<br \/>\nThe account shared a Campus Ambassador program run by the trading platform in 2024 and said the issue was related to the program.\u00a0<br \/>\nZhou responded to those claims as well, again calling for proof. \u201cPlease show evidence if Bybit has done anything wrong,\u201d he wrote on X.<br \/>\nThe exchange has not responded directly to the specific claims related to its ambassador program at the time of publication.<br \/>\nMagazine: Memecoin degeneracy is funding groundbreaking anti-aging research<a href=\"https:\/\/cointelegraph.com\/news\/bybit-denies-1-4-million-listing-fee-rumors?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Bybit has denied claims that it charges $1.4 million to list a token on its platform, following allegations made by a social media user with over&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127152"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127152"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127152\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127152"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}