Binance founder and CEO Changpeng Zhao has earlier accused Chinese trading platform FCoin of taking advantage of its users with its "Trans-Fee Mining" model. The accusation comes as FCoin is already battling criticism for reportedly being behind a series of Sybil attacks that has congested the Ethereum Network recently.
In an interview with Fred Wang of Mars Finance, Zhao said that FCoin could not be compared to Binance, despite its great market performance, as the former was involved in a "volume fraud".
"We need to know that we need to compare apples to apples. A falsified transaction volume can't be compared with real ones. It’s like comparing air with gold. Two accounts can just with each other and it is easy to have 10 million or 100 million transactions a day.
From what I have observed, FCoin has been a stable platfrom along the 8 weeks I have been using and it does have a distinct advanatge over Binance, given FCoin pays you back 100% of the transaction fee in FT.
May the best platform wins.