Topic: Binance delists BCN, CHAT, TRIG, ICN for 4 different reasons. (Read 114 times)
I really like how binance pulled of a move like this. As number 1 exchanger, I expected them to make sure that projects listed over their domain are all legit projects with potential to develop more. Hope that's the way how every exchange accept projects. I know it's quite hard to get listed there and probably will take a long time but there is no problem with that as long as screening is very well implemented. It's not about payment listing but the project's potentiality. I'll love supporting binance. Good move by the way pump and dump coins exposed.
This is a great information. I support Bytecoin's removal from Binance. Most of the altcoins do not have the positive work and do not make great changes. That will make Binance's value go down and they are making the right decisions.
Lol that news has proven if BCN just a pump and dump coin. But i'm feeling a bit surprised about what has already happened with iconomi. I glad i have sold all of my chunks when it was worth $4 for each coin.
But binance has been giving the best reason to delist them all. I expected the new coins will come soon.
Yes, early news when the pump happened really said that its was a usual pump. I don't have these coins but that has great impact not only to the holders but to the community itself. I've been hearing a lot of good things about Iconomi as well and I've witnessed its launch few years ago so just respect the decision.But binance has been giving the best reason to delist them all. I expected the new coins will come soon.
Do not know why but I have see other exchanges like bittrex and cryptopia also announcing the delisting of some coins in the last few days. Hard to get out quickly before the selloff on news.
This is why you don't buy random coins that are being hyped.~snip~
You are still lucky for having that lost. Use that as a lesson with your future trades and be wise on how you trade. You want some encouragement? This is an old video that was shared to me as well when I lost.
Watch Me Lose $1500 Bucks in 3 Minutes DAY TRADING
So its clear now why BCN was pumped last time.
But binance has been giving the best reason to delist them all. I expected the new coins will come soon.
Do not know why but I have see other exchanges like bittrex and cryptopia also announcing the delisting of some coins in the last few days. Hard to get out quickly before the selloff on news.
This is why you don't buy random coins that are being hyped.~snip~
You are still lucky for having that lost. Use that as a lesson with your future trades and be wise on how you trade. You want some encouragement? This is an old video that was shared to me as well when I lost.
Watch Me Lose $1500 Bucks in 3 Minutes DAY TRADING
So its clear now why BCN was pumped last time.
Do not know why but I have see other exchanges like bittrex and cryptopia also announcing the delisting of some coins in the last few days. Hard to get out quickly before the selloff on news.
that was sad moment for me, i put my order to trig and forget it, when i check news and open my binance account i get dumped hard
losing money almost 20$
and after that im losing profit almost 20$ again because im trading in sh*tty exchange and their website going glitch,im selling at btc pair but im surprised i get ETH instead !
and yeah again i lose almost 60$ profit because im selling coin in another sh*tty market, i put my sell order at 24 but those b*!tch instantly sold my coin to highest buy order , i think its glitch problem tho
i never thought all would happen in one day like this,
but im glad i still get better than what i miss
losing money almost 20$
and after that im losing profit almost 20$ again because im trading in sh*tty exchange and their website going glitch,im selling at btc pair but im surprised i get ETH instead !
and yeah again i lose almost 60$ profit because im selling coin in another sh*tty market, i put my sell order at 24 but those b*!tch instantly sold my coin to highest buy order , i think its glitch problem tho
i never thought all would happen in one day like this,
but im glad i still get better than what i miss
Good news on the delisting of bytecoin. That scam should be exposed. Their development team lied to the community that they were the preferred cryptocoin in the darknet which they were not, they had a secret premine and were saying there was no premine and they might have cryptonote vulnerabilities discovered by the Monero developers.
Also, why is Poloniex continuing to support it?
Good article. Everyone read it.
BYTECOIN
POTENTIAL REASON: EVIDENCE OF UNETHICAL/FRAUDULENT CONDUCT.
The first coin of the four was Bytecoin. This coin has had a very rocky past dating all the way back in 2013. It has been accused of having an 82% premine after it’s creation. The developers and founders are anonymous and have been written about extensively. It’s good to see Binance take action to remove such a questionable coin from their platform.
The damage may have been done already as BCN bag holders may have to wait a while for break even on this one.
CHAT
POTENTIAL REASON: LEVEL OF PUBLIC COMMUNICATION AND ACTIVITY
I tweeted about Chat coin back on June 30th, 2018. At the time, the project had no active development and their social media had looked abandoned.
A month after my tweet, they started tweeting after August 30th to try and be more active. They’ve also added an update on their website.
Chat sent out a tweet earlier today declaring that they haven’t had any reason given to them by the Binance team.
TRIGGER (TRIG)
POTENTIAL REASON: Network / smart contract stability
Trig is an interesting coin based around the gun industry with a planned mainnet launch and the reason for delisting is unknown at this point, but they did potentially address it in a blog post here.
Bittrex had delisted Trig back in January of 2018 due to a lack of interest.
In fact, they were asked that specific question and they believed that they would not be delisted from Binance, but because they are not ERC20 compatible, Binance is following Bittrex.
We may see them relisted in the future after the mainnet swap to TrigX in Q4 of this year.
ICONOMI (ICN)
POTENTIAL REASON: BECOMING A SECURITY TOKEN
ICN delisting comes on the heals of ICN announcing their token will be converted into the eICN equity token. This equity token is also a security token, which most exchnages are not currently legally prepared to offer.
They had sent out a tweet before Binance had announced their tweet, giving token holders a heads up before it happened.
Read in full https://bitcoinist.com/binance-delists-four-coins-bcn-chat-trig-icn-for-four-very-different-reasons-ut-we-investigated-why/
Also, why is Poloniex continuing to support it?
Good article. Everyone read it.
BYTECOIN
POTENTIAL REASON: EVIDENCE OF UNETHICAL/FRAUDULENT CONDUCT.
The first coin of the four was Bytecoin. This coin has had a very rocky past dating all the way back in 2013. It has been accused of having an 82% premine after it’s creation. The developers and founders are anonymous and have been written about extensively. It’s good to see Binance take action to remove such a questionable coin from their platform.
The damage may have been done already as BCN bag holders may have to wait a while for break even on this one.
CHAT
POTENTIAL REASON: LEVEL OF PUBLIC COMMUNICATION AND ACTIVITY
I tweeted about Chat coin back on June 30th, 2018. At the time, the project had no active development and their social media had looked abandoned.
A month after my tweet, they started tweeting after August 30th to try and be more active. They’ve also added an update on their website.
Chat sent out a tweet earlier today declaring that they haven’t had any reason given to them by the Binance team.
TRIGGER (TRIG)
POTENTIAL REASON: Network / smart contract stability
Trig is an interesting coin based around the gun industry with a planned mainnet launch and the reason for delisting is unknown at this point, but they did potentially address it in a blog post here.
Bittrex had delisted Trig back in January of 2018 due to a lack of interest.
In fact, they were asked that specific question and they believed that they would not be delisted from Binance, but because they are not ERC20 compatible, Binance is following Bittrex.
We may see them relisted in the future after the mainnet swap to TrigX in Q4 of this year.
ICONOMI (ICN)
POTENTIAL REASON: BECOMING A SECURITY TOKEN
ICN delisting comes on the heals of ICN announcing their token will be converted into the eICN equity token. This equity token is also a security token, which most exchnages are not currently legally prepared to offer.
They had sent out a tweet before Binance had announced their tweet, giving token holders a heads up before it happened.
Read in full https://bitcoinist.com/binance-delists-four-coins-bcn-chat-trig-icn-for-four-very-different-reasons-ut-we-investigated-why/
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