Exposing Binance's Listing Fees | CJ Hetherington | Bankless

The Bankless podcast features an interview with CJ Hetherington, the founder of Limitless, a prediction market on the Base blockchain. The discussion begins with the recent controversy surrounding Binance's token listing fees, which CJ publicly disclosed after receiving an offer without an NDA. CJ expresses respect for Binance but advocates for more equitable models and transparency in the industry. The conversation explores the reasons behind high listing fees, the incentives for founders to pay them, and the potential downsides of giving up a significant portion of token supply. CJ shares his vision for Limitless as a simple way for users to access high leverage trading and discusses the platform's traction, on-chain components, and future plans.

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Exposing Binance's Listing Fees | CJ Hetherington

Bankless

Centralized Exchange Token Listing Fees Drama

Introduction to CJ and the Binance Listing Fee Revelation

CJ's Perspective on Binance, Listing Fees, and Onchain Alternatives

The Value of Liquidity and the Hidden Incentives Behind Listing Fees

Onchain Capital Markets and Binance's Dominance

The Future of Markets and the Role of Centralized Exchanges

The Risks of Challenging Binance and Building on Base

Long-Term Value Alignment and Onchain Launch Strategy

Onchain Launch and the Litmus Test for Founders

The Dark Side of Crypto and the Need for Transparency

Introduction to Limitless Prediction Market

Implicit Leverage and the Trading Experience on Limitless

Understanding the Mechanism and the Vision for Limitless

The Trading Experience and the Vision for Limitless

Market Focus and Traction of Limitless

Onchain Component of Limitless

Censorship Resistance and User-Generated Markets

Exposing Binance's Listing Fees | CJ Hetherington

Bankless

00:03Centralized Exchange Token Listing Fees Drama

Centralized Exchange Token Listing Fees Drama

03:32Introduction to CJ and the Binance Listing Fee Revelation

Introduction to CJ and the Binance Listing Fee Revelation

07:57CJ's Perspective on Binance, Listing Fees, and Onchain Alternatives

CJ's Perspective on Binance, Listing Fees, and Onchain Alternatives

12:34The Value of Liquidity and the Hidden Incentives Behind Listing Fees

The Value of Liquidity and the Hidden Incentives Behind Listing Fees

17:10Onchain Capital Markets and Binance's Dominance

Onchain Capital Markets and Binance's Dominance

21:27The Future of Markets and the Role of Centralized Exchanges

The Future of Markets and the Role of Centralized Exchanges

25:18The Risks of Challenging Binance and Building on Base

The Risks of Challenging Binance and Building on Base

28:17Long-Term Value Alignment and Onchain Launch Strategy

Long-Term Value Alignment and Onchain Launch Strategy

32:33Onchain Launch and the Litmus Test for Founders

Onchain Launch and the Litmus Test for Founders

36:43The Dark Side of Crypto and the Need for Transparency

The Dark Side of Crypto and the Need for Transparency

41:38Introduction to Limitless Prediction Market

Introduction to Limitless Prediction Market

44:41Implicit Leverage and the Trading Experience on Limitless

Implicit Leverage and the Trading Experience on Limitless

48:33Understanding the Mechanism and the Vision for Limitless

Understanding the Mechanism and the Vision for Limitless

53:00The Trading Experience and the Vision for Limitless

The Trading Experience and the Vision for Limitless

57:21Market Focus and Traction of Limitless

Market Focus and Traction of Limitless

1:01:15Onchain Component of Limitless

Onchain Component of Limitless

1:03:12Censorship Resistance and User-Generated Markets

Censorship Resistance and User-Generated Markets