TL;DR
- Bybit denied accusations of charging a $1.4 million listing fee, clarifying that the process involves a deposit and an internal evaluation.
- Its CEO, Ben Zhou, requested evidence to support the accusations, noting that the platform allegedly used KOLs to silence students from the Campus Ambassador program.
- Bybit explained that the security deposit is intended to ensure projects meet their promotional goals, with penalties in place if the established requirements are not met.
Bybit has denied accusations that it charges a $1.4 million fee to list tokens on its platform. These allegations were made by an X user, who claimed that the platform asks projects for millions of dollars as part of its listing fees.
The user also accused Bybit of using key opinion leaders (KOLs) to silence complaints from students who participated in its Campus Ambassador program, where they were offered trial contracts.
1. 去哪个学校让学生交易合约了？证据拿出来。
2. 哪个法务举报友商了？证据呢？
3. 哪个币上币收了上币费了？证据？
币圈就是因为有你这种没证据造谣的傻逼天天喜欢意淫才这么乱。— Ben Zhou (@benbybit) April 14, 2025
In response to these allegations, Bybit’s CEO, Ben Zhou, asked the user to provide evidence supporting their claims. Zhou pointed out that rumors without proof are negatively affecting the crypto industry, which is already facing significant issues due to the spread of misinformation. In a statement, the exchange explained its listing policies and clarified that the process does not involve any fee as high as the one mentioned.
Bybit Explains Its Listing Model
According to Bybit, in order to list a token, the platform requires three things: a promotional budget, a security deposit ranging from $200,000 to $300,000 in stablecoins, and an evaluation process that includes an internal review.
The deposit is requested to ensure that the project’s promotional goals are met, and penalties may apply if the established objectives are not achieved. Additionally, the exchange detailed that the evaluation of projects includes aspects such as address authenticity, user distribution, token use cases, valuation, and other criteria.
Regarding the accusations about its Campus Ambassador program, Bybit also requested proof to support claims that it tried to suppress student complaints. The platform has not given an official response to the allegations about this program.
