Binance Announces "Support" for HIVE
Binance has posted an announcement in the last hour entitled: Binance Will Support the Upcoming Steem Hard Fork and Distribute the New HIVE Token to STEEM holders
On the face of it, great news, but please read the article carefully.
We will take a snapshot of all STEEM tokens held by Binance users at the time of the fina Steem block prior to 2020/03/20 2:00 PM (UTC) and will distribute HIVE tokens at a ratio of 1 STEEM = 1 HIVE.
Notice that Binance will take its own snapshot of STEEM tokens held by Binance users. Nothing wrong with that.
STEEM tokens held in sub-accounts will be combined into the corresponding master account. Sub-accounts will not separately receive any HIVE tokens.
This clause may, in itself, create discrepancies between who owns how many HIVEs.
For the trading and listing of HIVE on Binance, HIVE will go through the same strict listing review process as Binance does for any other coin/token. Supporting this hard fork does not guarantee the listing of HIVE.
So, a very quick post just so that the large team working on Hive have a chance to form a response to these points. Plus also, to inform the community to read beyond the headlines.