Binance Delisting Bytecoin, Iconomi, ChatCoin And Triggers
Binance cryptocurrency exchange is conducting the first-ever massive delisting of digital assets. Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG) will disappear from the platform soon.
“To protect our users, the Binance team conducts periodic, comprehensive reviews of all digital assets on our platform to ensure they are of high quality,” the exchange writes. “If it turns out that a coin or token no longer meets our quality standards, it will be forwarded for further review and may be removed from the platform.”.
As evaluation criteria, Binance names the project team’s interest, the quality and level of developer activity, the stability of the network / smart contracts, the level of public communication and activity, responses to periodic checks of the exchange, evidence of unethical / fraudulent behavior, participation in the development of a healthy and sustainable cryptocurrency ecosystem..
What conditions were violated by the developers of the above assets, the exchange does not specify. All BCN, CHAT, ICN and TRIG trading pairs will be delisted on October 12th. The ability to withdraw assets will remain for another month – until November 12.
Going forward, Binance promises to continue to conduct periodic reviews of digital assets represented on its platform. Previously, Binance did not resort to the practice of delisting cryptocurrencies, with the exception of one case – about six months ago, against the background of the arrest of the organizers of the ICO Center, Binance decided to delist the CTR token issued by them..
All assets included in the announcement of the exchange this Tuesday lost 5-20% of their value. Particularly memorable was the listing of Bytecoin, which has tripled since Binance’s announcement in May. Over the past half hour, the price of cryptocurrency fell by 16%.
Events unfold the day after Binance announced that it will donate all listing fees it collects to charity.