Hey everybody. I am scripting this to warn the group concerning the arbitrary and non-transparent process behind the Binance "Collectively Initiative" compensation.
This isn't simply me complaining about "goodwill" cash. That is a few compensation program for the Oct 10-11 "abnormal ADL" failure (which Wintermute's CEO alleged), where Binance is publicly refusing to elucidate its own standards.
My Loss Ratio: **126%** (Max Severity - $24okay loss / $19okay belongings).The Program Vary: $Four to $6,000.My Payout: **$4,000**.My Question: Why did my 126% loss not qualify for the $6,000 Max Payout?Binance's Reply (after 5+ hours & Escalations Workforce): **They ADMITTED they use secret formulation and REFUSED to offer any particulars.**
The Full Story & Evidence
I am one of the victims of the Oct 10-11 liquidations. My 126% loss ratio proves I was some of the severely impacted.
Once I acquired only $4,000 (from a $4-$6,000 range), I contacted help (Case 149802630).
Half 1: The First Admissions (Case 149802630)
After hours of arguing, the agent (Gabriela) admitted my 126% calculation was right, but that my payout was low because of secret elements.
- Admission #1 (The Secret Elements): They admitted to using
"inner assessment incorporates multiple knowledge points and danger elements *past* just the web asset value". (The general public criteria wasLoss / Internet Belongings). - Admission #2 (The Smoking Gun): Once I asked for the formulation, they officially said:
"Pricey Consumer, we do not present mathematical calculation on this. I can't inform you on the components used."
Half 2: The 5-Hour Escalation Battle (Case CC8142784)
I was advised my first attraction was rejected (for an irrelevant "system error" cause). I started a new 5+ hour chat that went all the best way to the "Escalations Group" (Tavares).
His job was to silence me. For hours, he simply repeated "our determination is ultimate."
- He refused to reply why 126% loss gets the same as 30% loss.
- He refused to elucidate the standards for the $6,000 maximum payout.
- His last protection was responsible me:
"We're sorry that you simply interpreted our answers that means."
Half 3: The Public X (Twitter) Struggle & Silence
After being stonewalled internally, I took this public to X (Twitter). 1. I posted all of the evidence (126% vs $4k, "formulation refused"). 2. After 24 hours of strain, u/BinanceHelpDesk replied PUBLICLY. 3. Their official reply was **NOT** to help, but to dismiss me again: "our workforce defined to you concerning the last choice... We aren't capable of proceed further." Four. I replied one last time, proving their "rationalization" was a "REFUSAL." 5. Their last response? Complete silence. They might not answer, in order that they ran.`
Conclusion
Binance is operating a compensation program with a public $4-$6,000 range, but they have **formally admitted (and confirmed on Twitter) that the *actual* method is secret, inner, and won't be offered.**
This is not transparency. This isn't "rebuilding confidence." It's an arbitrary "black box."
Here is the gallery of all of the proof (my emails, and the important thing chat/Twitter screenshots): https://imgur.com/a/CILBey2
Watch out, everyone. Their "goodwill" isn't as truthful because it appears.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments