Hive Listing and the Potential Politics of Binance

Like most concepts in the Social Sciences, the word Politics has no universally accepted definition. Several scholars have defined Politics differently, as they perceive it.

But one of my favourite definitions comes from Harold Lasswell, a leading American political scientist and communication theorist who defined politics as, the study of who gets what, when, and how.

Politics cuts across every aspect of human life, continuing to shape the economic and political fortunes of the actors involved. Even in the crypto space that would strike one as a nonpolitical arena, politics loom large.

In the past few hours, the Hive token, which is a fork of Steem, has lost more than 50% of its value. And that's because some attackers, for political reasons most likely, are dumping the HIve token on the market. The idea is to cause panic, discredit the project and, if possible, sink the ship completely.

This writer believes that everything and anything that represents Hive will be virulently attacked in the coming days, all in the quest for annihilation. At this early days, Hive needs to get listed on prominent exchanges to allow for more liquidity, trading pairs, and catching the eyes of both long-term and short-term investors.

And in this regard, although Hive is already listed on Bittrex which is a giant in its own right, Hive needs to also get listed on Binance which is the largest exchange in the world. The recent acquisition of Coinmarketcap.com by Binance makes it the most powerful and influential crypto-based company in the world.

So, getting any project listed on Binance is a big deal, a very big deal for Hive in this case. Unfortunately, I am foreseeing the politics of Binance working against Hive or at best frustrating the listing efforts. This is because the CEO of Binance, CZ is a very good friend of Justin Sun, the new CEO of Steemit Inc, the company credited for the creation of the Steem blockchain from which Hive came to life.

CZ might assume, or be made to believe, that getting Hive listed on Binance, is a betrayal of his good friend Sun who had his Steem stake excluded from the Hive airdrop. Sun has recently responded by freezing the Steem account of @blocktrades, @gtg, and others who he thought orchestrated the fork. Unfortunately, the battle is far from over and it will very likely rub off on getting Hive listed on Binance.

The hope of this writer, nevertheless, is that Hive survives the political intricacies and get listed on Binance.