Poloniex announced plans to delist DigiByte from its exchange within hours of a public Twitter spat between DGB founder Jared Tate and one of the exchange’s new owners Justin Sun.

Tate blasted TRON, which Sun founded, in an 8-part tweetstorm beginning with:

1/8 Im disgusted by all these #TRON trolls/bots attacking me & hyping a 100% premined & completely centralized network like its the most decentralized gift from god. Now #Poloniex has turned into a $TRX shill factory after making off w/ US customers sensitive data. Fact time:

— Jared Tate (@jaredctate) December 4, 2019

Hours later, Poloniex tweeted its intention to delist DGB for failure to meet the exchange’s ‘listing standard’. The exchange’s ‘careful review’ was a quick undertaking, leaving many to wonder if Justin Sun was using Poloniex as a weapon against attacks on his person.

After a careful review, we decided #DigiByte is not qualified per our listing standard. We will delist $DGB soon. Details to be announced.

— Poloniex Exchange (@Poloniex) December 5, 2019

Tate left few wondering what his views of TRON and Sun were, with his tweets including reference to TRON’s use of ‘delighted proof of shenanigans’ as its consensus algorithm:

5/8 Chen said this: “Token distribution is centralized, Super Representatives are centralized, code development is centralized. Even the community is organized under centralization.” This is typical for DPoS projects, we call it "delighted proof of shenanigans" in the book.

— Jared Tate (@jaredctate) December 4, 2019

DigiByte is the 55th ranked cryptocurrency by market cap. Its 6th and 42nd most important trading markets were on Poloniex, for DGB/BTC and DGB/USDT, respectively. Combined, Poloniex’s DGB trading volumes amounted to a little over $100,000 a day. ZBG Global is easily DigitByte’s most important exchange by trading volume. 

Meltem Demirors, Chief Strategy Officer at CoinShares, noted that “exchanges are privately owned companies and are under no obligation to list or trade any asset.”

While that may be true, as important custodians of the industry, exchanges should be held to high standards of conduct if the digital asset economy is to mature. Poloniex’s delisting of DigiByte was, by any measure, a malevolent and personal act of sabotage.

With Tate’s tweetstorm having subsided, the team behind DigiByte has taken the decision in its stride. Crypto Briefing reached out to the DigiByte community, and Josiah Spackman responded by saying, “It’s been such a shame to see Poloniex going downhill over the last two years, and although they only accounted for 1% of DigiByte trading volume, I personally want to wish them the best in future. I sincerely hope they can turn things around and make the required structural changes to undo their own self harm. They had supported DigiByte since the early days in 2014, but we’ve seen exchanges come and go, it’s a shame it seems it’s Poloniex’ time.”

It was a diplomatic response from the team, with a sprinkling of deserved spite. As DigiByte moves on from the high-profile spat, they may be better off without Poloniex. The exchange has taken a credibility hit as a result of the actions of today. Its conduct is certainly unbecoming of former owner, Circle’s Jeremy Allaire.

Crypto Briefing reached out to Tate and Allaire for additional commentary, but did not receive a response at press time.

The post DigiByte Community Reacts to Sudden Poloniex Delisting appeared first on Crypto Briefing.

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