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Topic: Binance upcoming delisting (Read 654 times)

full member
Activity: 2044
Merit: 109
July 16, 2020, 12:13:53 AM
#87
it only create hype to new investors or traders that want to speculate their money to get return. look at several coints which is participate in community voting, most of them will rise alot . but binance strictly to select project will listed there. developtment will always monitored by binance team , if listed project have no significant developtment they will add this project again to delist table.

I think it is a misconception whenever a specific altcoin is listed on Binance, they thought that every coin listed on Binance are good and promising and they are not aware that there are also shit coins there. If you will choose an exchange make sure it is reliable and trusted like Binance but if you will look for a coin make sure that it is not a shitcoin and it has a good volume and liquidity. Those coins that the Binance delisting are probably the coins that doesn't have high daily volume and the liquidity is not good.

You're right, it all depends on project developer itself, If they able to compete with various other projects of course they can survive and their tokens will also remain strong on the large Exchange. I am sad to see the Lunyr project, I think at beginning this project very good and gained a lot of trust from investors, But now Binance will delisting their tokens, very sad.

ofcourse binance have their own reason why delisting lunyrs. binance team have good qualification to filtered which project will accept in binance or will delist from their exchanges. so if any project success listing on binance they should not be happy , they must continue developt their project well or will delist like previous project.

You're right. Listing in large Exchange can be a successful step of the project. However, if after listed on Exchange, the team doesn't work too hard to develop the project then the project is done. It is not wrong to say that coins listed on large Exchanges are more reliable and have better potential than coins listed on small ones. However, we still have to look carefully at a specific coin to make a decision. Don't invest in any coin just because it's listed on Binance.

Indeed, being listed in a good exchange doesnt mean you dont need to do anything for your project because it will surely get a high demand. It needs a progress to see that its active to give the investors the satisfaction on why they will going to invest. I dont have these coins but becoming delisted to a big exchange will have an impact to the project itself and might be the start to turn bad.

It is a pain in the ass for all small project that prioritise to list on binance rather than focus resources on project development and marketing. The monthly on binance is incredibly high that's why many small project that listed there are struggling to continue there listing. Binance is a dead end for project marketing and I believe most project that listed are slowly dying.

The best thing to do if ever you are holding a coin that delisted was to cut loss. The project will slowly die in the long run and holding it will be too risky.

We have all seen and the fact that Binance is not a guarantee of success will in fact be a hell of a project failing, because the huge costs for listing, if you get blacklisted from binance it will make it worthless. Because of how much has been delisted from binance it ends up ashes
member
Activity: 1540
Merit: 22
July 15, 2020, 11:29:40 AM
#86
Binance plan to delist the following coins very soon, I believe they are doing this because the coins failed to meet their level of standard, if you are holding any of these coins I suggest you think twice about them

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following tokens at 2020/07/20 10:00 AM (UTC):

Aeron (ARN)
Etherparty (FUEL)
Lunyr (LUN)


This may be one of the strategies that Binance is implementing in terms of increasing comfort for its users and thanks for sharing information related to Binance planning to delete a few coins.
member
Activity: 448
Merit: 18
July 15, 2020, 11:28:26 AM
#85
Honestly this is one of the reasons I hate projects that got listed on binance exchange through voting, not all projects deserve to get listed on binance but if community voted for any coin they can get listed on there without any restrictions or deep look from binance team, in time many projects will still get delisted from binance
legendary
Activity: 3010
Merit: 1280
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July 15, 2020, 11:24:44 AM
#84
I can't find the source for that delisting, do you have a source for that news because I can't find it on their blog and no news yet about the delisting.
I haven't received an email too about this news you have shared.

You can find their announcement here : Binance Will Delist ARN, FUEL and LUN on 2020/07/20

I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time

That's given, especially those who bought during the bull run and continue to hold hoping for another bull run to come.

Aeron (https://coinmarketcap.com/currencies/aeron/) ATH almost $7, current price is $0.10
Etherparty (FUEL) ( https://coinmarketcap.com/currencies/etherparty/) ATH - $0.40 , current price $0.0024
Lunyr (LUN) (https://coinmarketcap.com/currencies/lunyr/) ATH - $58, current price $0.91

you can tell it's hard for them to recover from the current price as they dumped really hard.

Seems those coins were heavily pumped, I feel sorry to those who bought them at its peak.
full member
Activity: 783
Merit: 108
July 15, 2020, 11:21:38 AM
#83
I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time

That's given, especially those who bought during the bull run and continue to hold hoping for another bull run to come.

Aeron (https://coinmarketcap.com/currencies/aeron/) ATH almost $7, current price is $0.10
Etherparty (FUEL) ( https://coinmarketcap.com/currencies/etherparty/) ATH - $0.40 , current price $0.0024
Lunyr (LUN) (https://coinmarketcap.com/currencies/lunyr/) ATH - $58, current price $0.91

you can tell it's hard for them to recover from the current price as they dumped really hard.
Yes, I believe they will never restore the original price. That's why Binance has delisted them, hoping there won't be too many people stuck on these projects. It was really bad
member
Activity: 280
Merit: 11
July 15, 2020, 11:10:15 AM
#82
I'm sure that binance did the best to avoid some bad stain to their reputations, these projects must have slow developments or the team are less active right now, I just pity those who spend lots of money on the projects, I hope they make good money before dumps starts
sr. member
Activity: 569
Merit: 250
July 15, 2020, 10:50:37 AM
#81
I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time
These altcoins have no progress and that may become the main reason why binance has been deciding to delist them all instantly. It looks like those coins were getting traded at very low price,
So many people were still getting trapped.
hero member
Activity: 3038
Merit: 592
BTC to the MOON in 2019
July 15, 2020, 09:23:20 AM
#80
I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time

That's given, especially those who bought during the bull run and continue to hold hoping for another bull run to come.

Aeron (https://coinmarketcap.com/currencies/aeron/) ATH almost $7, current price is $0.10
Etherparty (FUEL) ( https://coinmarketcap.com/currencies/etherparty/) ATH - $0.40 , current price $0.0024
Lunyr (LUN) (https://coinmarketcap.com/currencies/lunyr/) ATH - $58, current price $0.91

you can tell it's hard for them to recover from the current price as they dumped really hard.
full member
Activity: 826
Merit: 104
July 15, 2020, 09:11:24 AM
#79
I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time
member
Activity: 238
Merit: 10
July 15, 2020, 07:49:09 AM
#78
I don't know much about those projects that got delisted from binance but it's not the end of the road if the team are still active, it's all about lack of development and good use case, some coins will perform very well in the beginning of their life circles and as time goes on they fade gradually
sr. member
Activity: 1988
Merit: 453
July 15, 2020, 07:45:16 AM
#77
Not just Binance, but the other exchanges also need to delist the shitcoins. We have far too many shitcoins in circulaition now, and a lot many of the good projects are getting negatively impacted as a result of this. How many of these shitcoins have any usage, other than for speculative investment? Anyway, I just hope that other exchanges such as Huobi and Gate.io will also take similar steps.
Binance exchange is a very creative exchange, top others exchange should follow their plans. Without Binance, only a few exchanges delisted the coin. I'm happy with the one feature of Binance exchange, you can convert all your small amount altcoins to Binance coin. With a single coin, you can buy other coins or can withdraw from exchange.

Binance is a market leader and therefore we can expect them to come up with strong measures. Talking about the competitors and the smaller exchanges, I am not sure whether they will follow suit. Binance is a very big exchange and there will be no impact on their revenues even if they delist dozens of coins. For the other exchanges that is not the case.
sr. member
Activity: 1372
Merit: 261
July 15, 2020, 06:59:24 AM
#76
People should always check the trading sites that they choose to leave their crypto on because of the constant delisting that would happen to the site.
You might even have a hard time to find some exchange for those delisted crypto if they aren't so active and only got few trading site that accepts them.
Back when I was a newbie I used to visit some faucet and collect them on a trading site but some of them just waste my time because they got delisted on the trading site that I used.
hero member
Activity: 2184
Merit: 513
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July 14, 2020, 08:37:06 PM
#75
Not just Binance, but the other exchanges also need to delist the shitcoins. We have far too many shitcoins in circulaition now, and a lot many of the good projects are getting negatively impacted as a result of this. How many of these shitcoins have any usage, other than for speculative investment? Anyway, I just hope that other exchanges such as Huobi and Gate.io will also take similar steps.
Binance exchange is a very creative exchange, top others exchange should follow their plans. Without Binance, only a few exchanges delisted the coin. I'm happy with the one feature of Binance exchange, you can convert all your small amount altcoins to Binance coin. With a single coin, you can buy other coins or can withdraw from exchange.
Other exchange sites have their own indicators regarding whether they need to delist such coin or not. it can't dictate and it doesn't mean another exchange site was also not doing what already done by binance.
Various major exchange sites were also actively delisting the crap coins too.
full member
Activity: 399
Merit: 100
July 14, 2020, 07:24:49 PM
#74
Not just Binance, but the other exchanges also need to delist the shitcoins. We have far too many shitcoins in circulaition now, and a lot many of the good projects are getting negatively impacted as a result of this. How many of these shitcoins have any usage, other than for speculative investment? Anyway, I just hope that other exchanges such as Huobi and Gate.io will also take similar steps.
Binance exchange is a very creative exchange, top others exchange should follow their plans. Without Binance, only a few exchanges delisted the coin. I'm happy with the one feature of Binance exchange, you can convert all your small amount altcoins to Binance coin. With a single coin, you can buy other coins or can withdraw from exchange.
hero member
Activity: 2842
Merit: 772
July 14, 2020, 07:18:19 PM
#73
This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

That's correct, inactive projects would affect the reputation of the business too, as much as possible Binance are getting rid of non active projects while giving a room for the new coins which has potential. When they will get delisted in Binance exchange, they already loss the reputation and the market as well and its price will be affected heavily as it's expected that people will dump.

And I think projects should also take that in consideration when they coins/tokens get listed on Binance. If they have low volume or the price really suffers, then chances are that they are going to be removed so they should be prepared for that and not blame Binance if they got delisted.

LUN (https://coinmarketcap.com/currencies/lunyr/) currently at $0.983153 USD per token, but I doubt it could still maintain that price when out in Binance, hopefully it would not be worthless and Huobi Global here will pick up that loss volume.


This is one case why I said the above, they are enjoying a good price, but if they got delisted can they maintain it? I highly doubt as well. As investors might move to the next big coins. Unless the project is really solid, devs are active and it has gain the support of the community.
hero member
Activity: 2744
Merit: 588
July 14, 2020, 06:54:45 PM
#72
This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

That's correct, inactive projects would affect the reputation of the business too, as much as possible Binance are getting rid of non active projects while giving a room for the new coins which has potential. When they will get delisted in Binance exchange, they already loss the reputation and the market as well and its price will be affected heavily as it's expected that people will dump.

LUN (https://coinmarketcap.com/currencies/lunyr/) currently at $0.983153 USD per token, but I doubt it could still maintain that price when out in Binance, hopefully it would not be worthless and Huobi Global here will pick up that loss volume.


That is one repercussion when a specific project is delisted in top exchange like Binance.
Decrease of price is always forthcoming. But the project owners should have see this scenario coming.
Because before any exchange delist a coin, not only BNB, the trading performance should be in bad shape before they totally delist a coin.
So if the project owners didn't do anything about it before the situation gets worse, then they don't have to blame the exchange.
And it shows also that even Binance will have crap projects on their platform from time to time.
The project's fate doesn't depend on the exchange but on the dev team managing the project.
hero member
Activity: 2856
Merit: 674
July 14, 2020, 06:27:19 PM
#71
This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

That's correct, inactive projects would affect the reputation of the business too, as much as possible Binance are getting rid of non active projects while giving a room for the new coins which has potential. When they will get delisted in Binance exchange, they already loss the reputation and the market as well and its price will be affected heavily as it's expected that people will dump.

LUN (https://coinmarketcap.com/currencies/lunyr/) currently at $0.983153 USD per token, but I doubt it could still maintain that price when out in Binance, hopefully it would not be worthless and Huobi Global here will pick up that loss volume.
full member
Activity: 1638
Merit: 122
July 14, 2020, 04:00:17 PM
#70
To be honest I never heard about Aeron (ARN, )Etherparty (FUEL) and Lunyr (LUN)! I don't know where you get all these tokens sometimes. For sure, they will be delisted because nobody trade with them anymore, nobody uses them, so maybe bad news for people who have these tokens, but for crypto it's good to clean the house sometimes. So I see this as a good move from binance, someone should deal with shit coins in one way or another.
If nobody is using them how did they get listed on binance in the first place? I think you getting the whole delisting thing wrongly, these projects are once active but later they've become real slacking, no more better demands and volume and probably teams are inactive

i think that was before when binance was still new on the exchange world  . i remember binance list tokens and alts with a low standard but now they are one of the leading exchange they need to act professional and delist those coins   . its okay for me because i dont have those coins anyway   , this way people will learn to foccus only on the core coins of cryptocurrency   .  theres no need for us to worry but we should be happy that binance are doing thier best to improve their service and to help crypto community clean
jr. member
Activity: 345
Merit: 4
July 14, 2020, 03:52:38 PM
#69
shit, I had fuel and lun, they were looking good TA wise. I was wondering why they dropped Cheesy

Oh well, made some money on lun recently, some comes, some goes.
member
Activity: 405
Merit: 19
July 14, 2020, 02:25:43 PM
#68
To be honest I never heard about Aeron (ARN, )Etherparty (FUEL) and Lunyr (LUN)! I don't know where you get all these tokens sometimes. For sure, they will be delisted because nobody trade with them anymore, nobody uses them, so maybe bad news for people who have these tokens, but for crypto it's good to clean the house sometimes. So I see this as a good move from binance, someone should deal with shit coins in one way or another.
If nobody is using them how did they get listed on binance in the first place? I think you getting the whole delisting thing wrongly, these projects are once active but later they've become real slacking, no more better demands and volume and probably teams are inactive
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