Binance 70% Fee Discount? Updated After Technical Difficulties
Not everything its a scam or a hack
Seven months ago Binance didn’t exist. Since then, its 1.4 million-transactions-per-second capability have attracted 6 million users, making it the world’s largest crypto-exchange. “No decentralized exchange today can handle our volume, and none are as secure as we are,” says its founder, Changpeng Zhao, known as CZ. The market seems to buy it: Since its July initial coin offering, a Binance token has soared from about 10 cents to $13, giving it a market capitalization of $1.3 billion.
The pasts weeks Binance was travelling trough some technical difficulties as they said on their official Twitter, but to day, 5 hours ago to be precise, the Binance team let us this signifficant message:
Binance has completed its system upgrade and we expect all trading activity to resume at 10:00 AM (UTC).
In the 60 minutes prior to the commencement of trading, users will be able to cancel orders, process deposits, withdrawals, and use all other account related functions.
To show our gratitude for your unwavering support throughout the upgrade process, Binance will provide all users with a 70% discount on trading fees (0.03% on all trades, 0.015% with BNB) until 2018/02/24 00:00 AM (UTC).
We sincerely apologize for the inconvenience and your patience is greatly appreciated.
Thank you for your continued support.
As we know binance has deny any kind of hacking problems and attribute the problem on DDoS attacks. Because of this period of time that Binance wasnt working properly the agency offered a 70% of discount on trading fees to the affected users.