has that its users are now able to trade , a that is part of the newly-launched Cosmos . On Sunday, CEO Changpeng Zhao praised the project for managing to earn a listing on his exchange without asking. Additionally, Cosmos paid no listing fees, suggesting that is very interested in the project.
Here is a project that refused to even talk to an exchange about listing (and we have a good relationship with their tech guys), but we list it anyway.
Good tech wins!
— CZ (@cz_binance)
Why Binance Loves Cosmos
It isn’t surprising that is enthusiastic about Cosmos. Although Cosmos only went live last month, it was developed by Tendermint, which was well-known long before Cosmos’ mainnet launch. has also been using Tendermint Core and the Cosmos SDK to power its new , so it is natural that it is eager to support Cosmos.
However, it is quite a coincidence that and several other exchanges decided to list Cosmos’ ATOM over the past week. Some are skeptical of Zhao’s assertion that Cosmos didn’t ask exchanges to list its ATOM . Zhao, however, simply says “believe what you want to believe” and insists that Cosmos refused to ask for a listing.
Believe what you want to believe. They didn’t talk to us about it, in fact they refused to talk to us about it.
— CZ (@cz_binance)
In addition to listing ATOM, has also published a of Cosmos on its Research pages. This report provides general information about Cosmos as well as a list of various projects that are being built around the platform. This is a good sign that Cosmos is gaining traction just a month after its mainnet launch.
Cosmos vs. Tezos
Cosmos is largely focused on delivering cross-platform interoperability. However, it also offers a distinctive model: it will allow users to delegate to validators, which means that users will be able to profit by staking their ATOM —even if they don’t hold many . This is similar to baking system.
In fact, some critics are wondering why Tezos’ , which is a relatively established coin, hasn’t been listed on yet. Zhao has cryptically answered: “crowd intelligence.” Some have interpreted this as a slight against Tezos, but based on Zhao’s later tweets, it seems that he was asking his audience to speculate on why Tezos hasn’t been listed.
In any case, the two projects could become very close competitors. currently ranks Cosmos and Tezos as the 13th and 15th largest coins by market cap. Like most new coins, the price of Cosmos’ ATOM could decline over time, so it may eventually rank somewhat lower than it does now. However, it is certainly off to a good start.
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Published at Fri, 03 May 2019 20:09:25 +0000
