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Topic: Binance will delist POE and TNT (Read 325 times)

sr. member
Activity: 795
Merit: 251
November 09, 2020, 10:53:27 AM
#31
Binance is indeed the best trading platform, if the conditions of an altcoin project are not met, then it will be delisted,
yes, it's sad to delete POE, because the POE - BTC pair is an important pair to maintain liquidity.
Move on and go away from POE!
Yes, should remove POE, TNT from the investment list because the coins will have no good future when binance delist it. A coin doesn't have good liquidity, it isn't able to last long, very quickly no one will notice it.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
November 09, 2020, 09:21:26 AM
#30
Hello, Guys what's up!
Just got a notification from Binance that they are delisting two projects named POE and TNT on 12.11.2020. So you guys should withdraw your fund from Binance before the deadline according to their announcement. You may visit the official link to know more details.

Source: https://www.binance.com/en/support/announcement/725a176f230542c6be7704339a011030

Binance delisted it because maybe POE and TNT didn't meet the volume every week from what binance needed to them.
And this scenario was always happen in the majority of the exchange platform. But as long as Binance get any profit to all coins listed
to their platform now, for sure there's no reason for them to delist it, just simple as that.
There’s a terms and conditions if they really want to get listed on Binance and those token knows this one because they will not pay that much if they are not confident with their token but most of the time, after the hype of token they get delisted on many exchanges, and this is the future of those not active token. Sell your holdings before they totally gone you wont regret selling it now.
full member
Activity: 791
Merit: 139
November 09, 2020, 08:39:24 AM
#29
Hello, Guys what's up!
Just got a notification from Binance that they are delisting two projects named POE and TNT on 12.11.2020. So you guys should withdraw your fund from Binance before the deadline according to their announcement. You may visit the official link to know more details.

Source: https://www.binance.com/en/support/announcement/725a176f230542c6be7704339a011030

Binance delisted it because maybe POE and TNT didn't meet the volume every week from what binance needed to them.
And this scenario was always happen in the majority of the exchange platform. But as long as Binance get any profit to all coins listed
to their platform now, for sure there's no reason for them to delist it, just simple as that.
hero member
Activity: 1904
Merit: 510
November 09, 2020, 08:29:09 AM
#28
Binance is indeed the best trading platform, if the conditions of an altcoin project are not met, then it will be delisted,
yes, it's sad to delete POE, because the POE - BTC pair is an important pair to maintain liquidity.
Move on and go away from POE!
Have list on future both coin POE and TNT? most interested to get profit if  listed on future because short is the best way before delist from binance exchange. I am waiting when Binance delist coin have listed on future, I see all delist coin from Binance always with coin not list on the future. Binance get profit with coin listing on their exchange market and delist POE, TNT will give chance for other coin to list on Binance then will have the same cases with TNT and POE delist again.
full member
Activity: 1610
Merit: 103
The OGz Club
November 09, 2020, 07:20:53 AM
#27
Binance is indeed the best trading platform, if the conditions of an altcoin project are not met, then it will be delisted,
yes, it's sad to delete POE, because the POE - BTC pair is an important pair to maintain liquidity.
Move on and go away from POE!
sr. member
Activity: 2618
Merit: 439
November 09, 2020, 06:11:23 AM
#26
Hello, Guys what's up!
Just got a notification from Binance that they are delisting two projects named POE and TNT on 12.11.2020. So you guys should withdraw your fund from Binance before the deadline according to their announcement. You may visit the official link to know more details.

Source: https://www.binance.com/en/support/announcement/725a176f230542c6be7704339a011030
Hope this is the start of Binance in cleaning their exchange?there are many coins that must be delisted and not only these 2.

if they continue doing this then maybe bad impression will gone from those victims of scam coins listed on their platform.
hero member
Activity: 1834
Merit: 523
November 09, 2020, 04:47:35 AM
#25
For sure they have valid reasons why delisted that coins because maybe there is no demand of buying, I like Binance exchange because once they see the tokens or coins are not potential they will remove it to their exchange which is good because they prevent traders to buy the coins who is not potential because they care about their traders because they want them to earn their traders not to lose money.
full member
Activity: 1330
Merit: 100
C O M B O
November 09, 2020, 02:43:01 AM
#24
Hello, Guys what's up!
Just got a notification from Binance that they are delisting two projects named POE and TNT on 12.11.2020. So you guys should withdraw your fund from Binance before the deadline according to their announcement. You may visit the official link to know more details.

Source: https://www.binance.com/en/support/announcement/725a176f230542c6be7704339a011030

It's natural for POE to be delisted on Binance, because it has been 1 year that POE has not had any important announcements,
their social media has been down for a year, really disappointing, but take it easy you can sell it on Hitbtc and wazirx.
full member
Activity: 2548
Merit: 217
November 08, 2020, 11:39:00 PM
#23
You know what was the reason?

BTW They should delist coins much more often. 400 coins/tokens are now listed on Binance. I doubt that 100 are worth more than a penny.

yups there are tons of Coins/tokens that is not worth having in Popular Exchange like Binance and this will only Hold their reputation in future.
There are no need for many listed currencies if they are not even giving Good value for investors and for the market.



But thanks to OP for this update Couple of my Friends invested on that Scam POE so i assume that at least they still have
 some to sell off before the delisting.
legendary
Activity: 2394
Merit: 1131
November 08, 2020, 08:08:00 PM
#22
About what happens to the price, and the volume, it really depends if the coin is listed elsewhere. I see PIVX mentioned in the thread, that coin is traded on other exchanges, so that plays a role both in the volume on Binance and on its likeliness to stay on there.

About POE and TNT, trading will soon stop, but you still have time to get your coins, the deadline is : 2021/02/12 at 10:00 AM UTC.

So they will maintain a wallet until then.
I've checked on CoinmarketCap, both of those coins aren't tradeable on binance anymore. Seems they have stopped the trading and we are only allowed to withdraw or exchange thosw coins before the deadline.

I am tired of changing the small value tokens to BNB but thanks to the Binance team for this option to clear the dust from the trading balance on exchanges. The reputable and established exchanges can change the rules for any project, I prefer quality over quantity.
All we can do only click any coin/token we would to exchange to BNB coin, and it's done. How can it make you tired?
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 08, 2020, 06:54:38 PM
#21
I am tired of changing the small value tokens to BNB but thanks to the Binance team for this option to clear the dust from the trading balance on exchanges. The reputable and established exchanges can change the rules for any project, I prefer quality over quantity.

im not really familiar with those coins but if they will delist those coins, it means they have good reasons to do so. better clean their list and remove those crappy ones.
 unlike other exchanges, they have long list of dead coins but still in their list. should do the cleaning every once in a while to keep their lineup neat with quality projects. i guess this action should be done by every exchange so we will only see active coins in trading.

Finally, an abandoned project called tierion will be delisted from binance. All of the social channels were not active. The volume could not become the reason why binance will delist it.
The developers have gone with all of the money raised during the crowdsale.

No update on tg channel, tg chat and all of groups were getting abandoned.

i believe the major reason is the commitment of the team to the project. because if you will check their trading volume, they are not by any means the lowest.
so getting a snapshot from OP's link, the possible reasons -



now up to you how you will assess their respective situation here
hero member
Activity: 2548
Merit: 950
fly or die
November 08, 2020, 06:48:22 PM
#20
About what happens to the price, and the volume, it really depends if the coin is listed elsewhere. I see PIVX mentioned in the thread, that coin is traded on other exchanges, so that plays a role both in the volume on Binance and on its likeliness to stay on there.

About POE and TNT, trading will soon stop, but you still have time to get your coins, the deadline is : 2021/02/12 at 10:00 AM UTC.

So they will maintain a wallet until then.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
November 08, 2020, 06:41:19 PM
#19
Finally, an abandoned project called tierion will be delisted from binance. All of the social channels were not active. The volume could not become the reason why binance will delist it.
The developers have gone with all of the money raised during the crowdsale.

No update on tg channel, tg chat and all of groups were getting abandoned.
hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
November 08, 2020, 04:57:07 PM
#18
I am tired of changing the small value tokens to BNB but thanks to the Binance team for this option to clear the dust from the trading balance on exchanges. The reputable and established exchanges can change the rules for any project, I prefer quality over quantity.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
November 08, 2020, 04:30:12 PM
#17
the decision taken was very correct. this is the same as what was experienced by INMAX in several other markets, according to the token information, it is indicated to have carried out illegal transactions. for that a variety of quick actions such as that of binance signifies thoroughness. because customer priority is the most important in order to maintain the stability of the binance of various assets that have lost their quality value.
Respected/Reputable exchange will make a fair decision and should be with fact doing such action. POE and TNT didn't hit what Binance required, a little bit far from what they have shown earlier. The decision has taken just be sure that Binance will keep their name completely good. The delisting is the hardest part of these coins development but traders can still make a trade because there's exchanges accpeting it and they aren't yet delisting it just like what Binance did to them.
legendary
Activity: 2268
Merit: 1655
To the Moon
November 08, 2020, 12:51:22 PM
#16
I also got this notification and its always sad to see those great token before listing and now they are going to delist because for sure, that token didn’t meet the standard of Binance and there are many factors with regards to this one, not just the low volume of trades. Anyway, if you still have this token start liquidating now before the price of this token goes deeper.

Indeed, after Binance announces a coin that will be delisted from the exchange, its price drops sharply. But in the case of Tierion (TNT), this does not happen, the token moves in the usual price range, repeating the movements of the entire altcoin market. Obviously, this is because Binance is not the only exchange for TNT that is traded on 6 other cryptocurrency exchanges.
legendary
Activity: 3808
Merit: 1723
November 07, 2020, 11:19:48 PM
#15
Binance only takes advantage of the situation and seeks profit only when listing coins on their market. It was clear before that many coins were delisted from his market and now POE and TNT will be delisted from Binance. Binance only takes advantage of fees from coins that are listed on their market without thinking in the future whether this coin will really be profitable in the future or not, this is something Binance has never thought about so many investors are stuck with Binance coins because the price has dropped so much especially if there is one. information will be delisted from Binance. I wanna for the future Binance should selective if wanna list new coin on the market again and never give chance for fake and bad project to list on Binance although wanna pay higher fee, investor member is most important than get fee from new coin listing.

Most of their income is not from the listing fees that they charge certain coins or tokens. Most of their revenue is from trading fees, look at how large their trading volume is everyday. They are the largest exchange pretty much. I think the reason why they charge a large fee is to weed out the scam projects who might be a ponzi scheme or pump or dump.

These coins that they are delisting? Are they ERC20 or do they have their own blockchain? Because if they need a node to be powered, it might be because there are not enough nodes or the server node is just using up too much resources to make it worthwhile with the low trading volume. If its not that then maybe the dev team of those projects is shady somehow and they decided to delist instead of risk people losing funds.
sr. member
Activity: 1344
Merit: 270
November 07, 2020, 10:06:19 PM
#14
Binance only takes advantage of the situation and seeks profit only when listing coins on their market. It was clear before that many coins were delisted from his market and now POE and TNT will be delisted from Binance. Binance only takes advantage of fees from coins that are listed on their market without thinking in the future whether this coin will really be profitable in the future or not, this is something Binance has never thought about so many investors are stuck with Binance coins because the price has dropped so much especially if there is one. information will be delisted from Binance. I wanna for the future Binance should selective if wanna list new coin on the market again and never give chance for fake and bad project to list on Binance although wanna pay higher fee, investor member is most important than get fee from new coin listing.
hero member
Activity: 2688
Merit: 588
November 07, 2020, 08:23:44 AM
#13
Binance can't really handle a coins weight forever just because they listed it, I do not see any problems with binance delisting coins constantly, they could do that if they want to and they should be doing it when the volumes get low. I mean if you have a coin that has insanely low volume, that means it doesn't generate any trading fee income for binance and when it doesn't generate money for them, it is just a cost.

Think about all the cold storage, all the hot wallets, all the resources put into keeping one coin trading there, that has to worth something monthly to them and if it doesn't profit, why should they keep it there? This is why I disagree that binance can affect prices of coins, prices of coins affects binance if you ask me that seems more likely scenario here.
sr. member
Activity: 2156
Merit: 323
November 06, 2020, 11:31:06 PM
#12
Yup, Time to discharge the crap coins with no use case. This things must be done in routinely, this is the manner by which the clients know about the  the risks before contributing! YHowever Binance is one of the well known exchanging site, they should maintain the high level of standard since clients would prefer not to see such crap coin like POE, TNT. Prices are rolling down continuously as Binance decided to delist POE and TNT.
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