https://news.bitcoin.com/cobinhood-delists-six-tokens-susceptible-to-pump-and-dump-limits-tether-pairs/
Cobinhood delists six tokens susceptible to Pump and Dump.
The exchange team explains that, “After careful consideration, we factored these criteria, while not exhaustive, as determinants of discontinuation. Limited trading volume on the exchange, which could potentially lead to trading malpractice (e.g. pump and dump). Poor community reception. Unestablished cooperation with the token team.”
Can anyone explain a bit more why this happened with Iconomi?
I have lost half my funds with icnCobinhood delists six tokens susceptible to Pump and Dump.
The exchange team explains that, “After careful consideration, we factored these criteria, while not exhaustive, as determinants of discontinuation. Limited trading volume on the exchange, which could potentially lead to trading malpractice (e.g. pump and dump). Poor community reception. Unestablished cooperation with the token team.”
Can anyone explain a bit more why this happened with Iconomi?
Cobinhood considers iconomi a scam?
I have no ideas. I am asking here. They deletisted it. I posted sentence where they described reasons to delist all 6 coins. But probably each coin have different reason. I do not see a word "scam" is mentioned.
So anyone knows?
ICN's initial marketing and whitepaper put it squarely in the security category in the US and likely most of the world. They changed bits and pieces, but the strongest case is that the returns to investors are dependent on the efforts of the management team, which still remains true. Exchanges are a bit hesitant to add tokens that look like securities due to regulatory pressures and because they don't have the necessary licenses to operate such exchanges for securities. Don't think this has anything to do with 'scam' though.
Yes a security. It is seen how serious exchange Cobinhood is. Poloniex or Bittrex knew exactly what ICONOMI is and never even think to add it.
