Binance will delist POE and TNT - page 2.

Distinctin

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Quote from: Rengga Jati on November 06, 2020, 06:58:27 PM

snip~

Quote from: Tytanowy Janusz on November 06, 2020, 01:53:14 PM

I don't think that low volume was the case. If so these are coins with the lowest trading volume:

Well, if it is what actually happens, so there may be an internal reason why they are delisted as what has been explained in the link above.

Is this the reason?

Source: https://coindar.org/en/event/tierion-tnt-delisting-tntbtc-trading-from-binance-30625

People are dumping their TNT now as they have heard the announcement that makes the price continue to dump. Social media announcement fueling such decline for just a few hours.
Really disappointing and sees how the cycle made as stated by LeGaulois. And I don't think also that it is about the low market volume of the platform but there is something behind internally.

Quote

When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
*Commitment of team to project
*Level and quality of development activity
*Trading volume and liquidity
*Network / smart contract stability
*Level of public communication
*Responsiveness to our periodic due diligence requests
*Evidence of unethical/fraudulent conduct or negligence.
*Contribution to a healthy and sustainable crypto ecosystem

https://www.binance.com/en/support/articles/725a176f230542c6be7704339a011030

Anyway, base on their reviews will show enough a reason to make such a decision but the sad thing is that this is also a reason that POE and TNT will suffer losses on their side and so their investors.

Rengga Jati

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At least, here are some reasons why a coin is delisted from Binance. They have the right for it whether it may give risks and also unfair to the team of the project that is delisted.
You can find the reasons in Binance official:
https://academy.binance.com/en/glossary/delisting

Quote from: Tytanowy Janusz on November 06, 2020, 01:53:14 PM

I don't think that low volume was the case. If so these are coins with the lowest trading volume:

Well, if it is what actually happens, so there may be an internal reason why they are delisted as what has been explained in the link above.

Is this the reason?

Source: https://coindar.org/en/event/tierion-tnt-delisting-tntbtc-trading-from-binance-30625

goaldigger

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Quote from: sujonali1819 on November 05, 2020, 08:47:12 AM

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

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.

Helpme_please

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Quote from: Tytanowy Janusz on November 06, 2020, 12:33:34 PM

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.

maybe they need to refresh their coinlist with new coins or token that have bigger trading volume in market. as an exchanges binance also calculate profits from trading volume , while they find coins have low trading volume and give small profit for them ofc this coin must replace with potential one.

Lordhermes

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As usual what causes delisting of coin from a particular exchange is dead team behind the project or failure of paying maintenance fee on the exchange, Binance delisting of token is not based on volume, maybe the team behind TNT and POE had refused to pay token maintenance fee. However project owners are giving warning to comply at a specific date and failure to do comply results to their token been delisted, so that's one of the major factor behind some coin delisting although volume may be applicable.

Tytanowy Janusz

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I don't think that low volume was the case. If so these are coins with the lowest trading volume:

Not TNT that had 6 BTC trading volume 2 days before announcement (its 250 now but only because of the fact that people are dumping hot potato)

Lanatsa

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Quote from: Tytanowy Janusz on November 06, 2020, 12:33:34 PM

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.

As usual stuff when an exchange do delist out some coins then definitely means that it doesn't have volume or liquidity which means its just a consume up on some space
and its better to open its doors to other coins that might really give out some revenue to them.

We know that platforms are indeed making revenue with trading fees so its just normal that they will really be listing out coins and retain to those who
really perform well in terms of volume.

So as for common sense, then if you do have POE and TNT then its just normal for you withdraw up those coins before they would totally delist it to avoid some headache later on.

electronicash

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Quote from: LeGaulois on November 06, 2020, 12:55:22 PM

@Tytanowy Janusz

If I'm correct it's because of the low volume on the platform since it's about dead shitcoins. Since Binance monetizes the trading with the fees, they don't make "enough" money.

You see what I mean.
https://coinmarketcap.com/currencies/poet/
https://coinmarketcap.com/currencies/tierion/

Isn't it funny, they charge to list a coin, pump the coin on Twitter and once it's dead they remove it, and the cycle continues lol.
They listed over 50 coins in the last 60 days, they should be more careful and do more research about the project (viability, coherence, etc)
Currently, they're ready to accept anything if it can make them money

the money they charge to get the coin listed will just be waste. there is still volume to the POE which is 20K+ and so it the Tierion (TNT). sadly the teams hasn't demanded for a chargeback whenever they decide to delist. binance isn't just removing pairs but the coin itself. both tokens though are listed on other exchange. HitBTC anyway is secure, the volume i guess will also be moving to hitbtc.

LeGaulois

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@Tytanowy Janusz

If I'm correct it's because of the low volume on the platform since it's about dead shitcoins. Since Binance monetizes the trading with the fees, they don't make "enough" money.

You see what I mean.
https://coinmarketcap.com/currencies/poet/
https://coinmarketcap.com/currencies/tierion/

Isn't it funny, they charge to list a coin, pump the coin on Twitter and once it's dead they remove it, and the cycle continues lol.
They listed over 50 coins in the last 60 days, they should be more careful and do more research about the project (viability, coherence, etc)
Currently, they're ready to accept anything if it can make them money

Tytanowy Janusz

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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.

sujonali1819

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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

Topic: Binance will delist POE and TNT - page 2. (Read 321 times)