The increase in withdrawal fees from Binance on the Tron network did not find understanding among the crypto community. The innovation lasted for about a day.
On Friday, February 10, Binance, one of the largest cryptocurrency exchanges, announced an increase in fees for withdrawing a number of instruments on the Tron network: USDT, USDC, TUSD, BUSD, TRX, BTTC, JST, NFT, SUN and WIN. Rates have been raised up to 15 times in some cases, such as with Tron’s native token, TRX. The Binance fee increase came shortly after the Tron community released Proposal #83, which began dynamically calculating fees based on the energy consumption of contracts. The stated goal: to increase the cost of cheap and fraudulent transactions.
A little over a day has passed, and Binance on Saturday, February 11, provided an update on its official website:
“Following the feedback from the community on the Tron (TRX) network withdrawal fee adjustment, Binance, together with the Tron (TRX) project team, has come to the decision to lower the network withdrawal fees.”
The largest crypto-exchange returned the fees to their original levels. Recall that the developers of the Tron network proposed the idea of transitioning to a dynamic model for calculating commissions in early February.
Source: Bits
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