Why kucoin delisted Tenx (pay ) | Bitcointalksearch.org

IamAltcoinfan

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Quote from: Arkann on June 17, 2020, 07:55:15 AM

Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

Perhaps for comparison you need to look at information on how things are with Tenx on other exchanges, since KuCoin is one of the six exchanges where this coin was traded. but since March 2020 KuCoin officially announced Tenx delisting, without explaining the reasons, but they warned all their customers about the appropriate actions so that they could cancel their orders. thus, each client was warned relative to this situation. I believe that you always need to keep track of all projects whose coins are in your portfolio so that there are no such situations. In addition, it is worth noting the fact that almost after the official announcement of kucoin, Tenx coin soon fell by almost 30%, but over the past two months the price has returned to its previous levels.

For more information, read:Special Treatment Area

Now i got clear idea why this coin is delisted from Kucoin exchange after reading the special treatment article . So kucoin is monitoring token or coins which are holding in exchange so that mean whatever the coins or token which is delisted from kucoin exchange looks like not having potential growth but i belived in TenxPAy its disappointed me . Learnign never ends in crypto space we cant belive any project . Tenx app is having more than 100k Downloads and first crytpo real time use case cards introduced still its failed .

joshua123

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Quote from: Jocuserious on June 15, 2020, 02:22:49 PM

Delisting a coin without reason? i think totally impossible even i hope there investors and traders more decrease. Actually if a project no have much volume then why need stay tuned? In my opinion kucoin wanna delisting TENX right now because this project development sleeping.

Its impossible Kucoin did it without any valid reason at all. The reason could be lack of volume trades not only Kucoin have this criteria but every exchange. They are spending for maintenance on the platform and any coin/token that dont cotnribute might of course got delisted.

Thats an advantage of dex over centralized they have a system unlike dex even there is no volume you can still see it exist for a long time.

bussybuddy

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Quote from: OasisDre on June 16, 2020, 10:14:11 AM

There are many coins on kucoin that have low marketcap cap and volume when put head to head with tenx, I'm sure the delisting is not about volume or lack of enough trading, there must be some kind of disagreement between tenx team and Kucoin team

I also think so, in Kucoin there are many altcoins without volumes and they are still not delisted. And I was really surprised that this altcoin had a very good volume but was delisted, maybe they did not agree on a number of agreements and led to the current situation.

Arkann

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Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

Perhaps for comparison you need to look at information on how things are with Tenx on other exchanges, since KuCoin is one of the six exchanges where this coin was traded. but since March 2020 KuCoin officially announced Tenx delisting, without explaining the reasons, but they warned all their customers about the appropriate actions so that they could cancel their orders. thus, each client was warned relative to this situation. I believe that you always need to keep track of all projects whose coins are in your portfolio so that there are no such situations. In addition, it is worth noting the fact that almost after the official announcement of kucoin, Tenx coin soon fell by almost 30%, but over the past two months the price has returned to its previous levels.

For more information, read:Special Treatment Area

Nazmul012

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Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

Kucoin wouldn't do anything without any reason. Besides can't say TenX (PAY) is a shitcoin or scam because it still available trade on so many popular exchanges like okex, Huobi, bittrex (& so on) with around 200BTC/day trade volume.
So possible reason "Some conditions might be broken" between them.

matchi2011

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Quote from: TopT3ns on June 16, 2020, 10:36:10 AM

Quote from: OasisDre on June 16, 2020, 10:14:11 AM

There are many coins on kucoin that have low marketcap cap and volume when put head to head with tenx, I'm sure the delisting is not about volume or lack of enough trading, there must be some kind of disagreement between tenx team and Kucoin team

Possible causes could be like that, but many cases of exchanges that delete coins are listed at the exchange because I see the effect of trading volume that is not too much and there is no high demand to make the coin removed from the list of coins at the exchange.

Maybe also that KuCoin don't get enough liquidity and knowing that it's one of the source of funds coming from any exchange, without trading volume coins will be delisted from the system to give way for new coin to be listed and bring investors and traders inside the exchange, if there's any internal issue between TenX and KuCoin both parties are the only one who really knows it.

TopT3ns

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Quote from: OasisDre on June 16, 2020, 10:14:11 AM

There are many coins on kucoin that have low marketcap cap and volume when put head to head with tenx, I'm sure the delisting is not about volume or lack of enough trading, there must be some kind of disagreement between tenx team and Kucoin team

Possible causes could be like that, but many cases of exchanges that delete coins are listed at the exchange because I see the effect of trading volume that is not too much and there is no high demand to make the coin removed from the list of coins at the exchange.

acepro

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Quote from: OasisDre on June 16, 2020, 10:14:11 AM

There are many coins on kucoin that have low marketcap cap and volume when put head to head with tenx, I'm sure the delisting is not about volume or lack of enough trading, there must be some kind of disagreement between tenx team and Kucoin team

It seems so, but in the case of TenX it is purely from Low Liquidity because in other exchanges also experiencing the same thing. only in the okex exchange that coin has a large enough volume.

OasisDre

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There are many coins on kucoin that have low marketcap cap and volume when put head to head with tenx, I'm sure the delisting is not about volume or lack of enough trading, there must be some kind of disagreement between tenx team and Kucoin team

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Quote from: Moeda on June 16, 2020, 09:18:43 AM

Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

I see TenX's coin volume only on OKEx, while other exchanges are very minimal. If we look at the HitBTC exchange the volume is only 46 dollars (PAY/BTC), and 8 dollars (PAY/ETH). I think such a volume cannot be maintained by an exchange, because it would damage the reputation of the exchange. It is possible that the same thing happened to Kucoin.
At OKEx the volume is almost $2 million. So this coin does not occur evenly in volume. They only control the volume on OKEx.

even though registered exchanges also do not trade with small trading volumes. but in the trade of course it depends on the traders there. control is carried out related to promotions and events that should be carried out evenly. it can make token trading stronger.

Moeda

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Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

I see TenX's coin volume only on OKEx, while other exchanges are very minimal. If we look at the HitBTC exchange the volume is only 46 dollars (PAY/BTC), and 8 dollars (PAY/ETH). I think such a volume cannot be maintained by an exchange, because it would damage the reputation of the exchange. It is possible that the same thing happened to Kucoin.
At OKEx the volume is almost $2 million. So this coin does not occur evenly in volume. They only control the volume on OKEx.

Chuky92

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Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

I think one of the prominent reasons why an exchange will delist a coin is when the coin in question have low trading volume, at least the best I know about most exchanges. Also, I think before a coin is delisted from an exchange, the users will be informed as well as given reason why such is taking place. Now contrary to your opinion, the coin Tenx have good volume but yet was delisted, in this case only two parties knows what happened, Kucoin and Tenx, therefore ask in their respective groups to know more; if Kucoin delists Tenx without appropriate information to users then it's wrong.

StephenJH

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To tell the truth, l don't have any idea about that. But l don't think that you can find the answer to the question, as other members suggest, you should visit the telegram group of this project, of course, if there is the group. Maybe there are some problems with them. l have heard about it the first time through your topic, l can not find any news about that. But l will keep making research about this theme, it would be great to learn from their social groups like Telegram or etc.

serjent05

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The reason is here : https://www.kucoin.com/news/en-st-kucoin-delisting-of-some-projects-200325

Quote from: https://www.kucoin.com/news/en-st-kucoin-delisting-of-some-projects-200325

Dear KuCoin Users,
According to the [Special Treatment Rule] of KuCoin, the latest phase of the ST observation has ended. The following projects have been disqualified and the tokens will be removed from the exchange:

PAL Network (PAL)
SONM (SNM)
JET8 (J8T)
TenXPay (PAY)
SunContract (SNC)
Usechain (USE)

More or less Kucoin had not seen any potential gain for PAY so the moment the ST observation ended, they delisted it. You can also find another discussion here: https://www.reddit.com/r/TenX/comments/fx2fe4/why_is_kucoin_delisting_pay/

Jocuserious

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Delisting a coin without reason? i think totally impossible even i hope there investors and traders more decrease. Actually if a project no have much volume then why need stay tuned? In my opinion kucoin wanna delisting TENX right now because this project development sleeping.

amos77978

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Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

why not find this information either on kucoin telegram community or tenx pay telegram community.. wont that guarantee a quicker response instead of bitcointalk.. there are multiple reasons why an exchange would delist a coin..

Pumuckel21

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So I have known TenX for quite a time and i was invested as well. Lucky me I sold my tokens a long time ago. So as far as I know tenx wanted to bring a crypto card to pay with. Until now I have not seen their card in action or deliverd to people.

thesmallgod

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Quote from: Squezzi55 on June 08, 2020, 06:34:38 AM

You got it wrong, the real reason is probably because not enough people are trading it the coin on kucoin to make money... That's the only reason why kucoin will ever delist a coin off their exchange

Low trading volume is generally the reason why most exchange usually delist coin on their platform but in the case of tenx, I do not believe that is the issue because it is rated on coingecko as 345 also so in term of marketcap rank among listed coin which is an indication that it has more trading volume, However, I strongly believe the Kucoin must have delisted them because they fall in to the category called ST (Special Treatment) stated on their platform. the coin got delisted due to one of the reason listed here https://kucoin.zendesk.com/hc/en-us/articles/360003256193-Special-Treatment-Area

Pecunia non olet

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Among all the past ICOs that promised real working crypto cards, Crypto.com achieved the goals and provide really cool cryptocurrency card with many bonuses, like free Netflix and Spotify services, plus cashback and staking profit. I do not think that some other altcoin could give more than Crypto.com. Maybe Tenx realized this and stopped working on its solution? Roll Eyes

Twentyonepaylots

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Quote from: minairia3 on June 08, 2020, 06:53:17 AM

Quote from: IamAltcoinfan on June 08, 2020, 06:26:38 AM

The unfortunate things happening with me after long crypto break . Now tenx pay is delisted from kucoin even its having good daily volume also having fair amount marketcap now it’s delisted from exchange . I am not finding any proper reason for delisting. Are there in problem with tenx pay.

Its impossible a good project is delisted without much VALID reason. Probably they have been decreased on trading volume thats why they got off. This is not only on Kucoin but other major exchanges also do do delisting once they have reach a low volume. I like tenx but we cant really judge Kucoin for doing it.

There are many things to consider when delisting in an exchange. First is the maintenance cost, if the team behind the coin doesn't much have that money to keep up or generating less than what they have expected then it will be hard for them to keep their coin in the exchange. Second is the legal enforcement, some countries are very strict when it comes to cryptocurrency and some are not. There are times that government wants to prohibit the use of it, and there are also times that they want just to refuse, so it's either of this. Lastly, the competence of the team. This is the most crucial part of keeping your project to an exchange, is the team really dedicated to work for it? is the team really trying to?

Quote from: minairia3 on June 08, 2020, 06:53:17 AM

Its gonna be heart break for those who invested on tenx cause delisting is a major fud that investors can cause panic selling.

I don't know the coin, neither heard of it but yeah it's frustrating.

Topic: Why kucoin delisted Tenx (pay ) (Read 516 times)