Binance to delist four tokens

Starting October 24, the platform will stop trading all pairs of DNT, NBS, BTG, and TCT assets

13.10.2022 - 07:30

461

2 min

What’s new? Cryptocurrency exchange Binance has announced the delisting of four tokens: DNT, NBS, BTG, and TCT. On October 24, the assets themselves and all trading pairs with them will be removed from the platform, orders will close automatically, and deposits will become unavailable. Withdrawal of funds will be available until October 25, 00:00 UTC. Binance representatives noted that the company periodically reviews each digital asset to ensure that it meets high level of standards. If any asset no longer meets them, the exchange delists it.

Announcement on the Binance website

What is known about the projects? District0x (DNT) is a network of decentralized marketplaces and communities. New Bitshares (NBS) is a peer-to-peer (P2P) digital asset exchange. Bitcoin Gold (BTG) is a bitcoin hard fork that allows mining on regular GPUs. Token Club (TCT) is a platform for investing in crypto assets.

What factors does the exchange consider? When deciding on delisting, Binance pays attention to the following conditions:

Commitment of the team to work on the project
Level and quality of development activity
Trading volumes and liquidity
Stability and safety of the network from attacks
Network / smart contract stability
Level of public communication
Responsiveness to due diligence requests
Evidence of unethical/fraudulent conduct or negligence
Contribution to a healthy and sustainable crypto ecosystem

On August 11, Binance removed seven digital assets from the platform at once: EasiFi, QuantStamp, Bread, Nexus, Navcoin, Moeda Loyalty Points, and Spartan Protocol. EZ/BTC, EZ/ETH, QSP/BTC, BRD/BTC, BRD/ETH, NXS/BTC, NAV/BTC, MDA/BTC, and SPARTA/BNB trading pairs were also removed.

Author: