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Binance Deliseting Token: The most dangerous piece in crypto?

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  • Binance, the exchange of number one crypto in the world, has just launched the second tower of its Binance delimitation campaign.

    Seventeen tokens are on the cutting block, each marked with the feared “supervisory” label. This experience of liability fueled by the crowd aims to tighten the screws on transparency and to shake the way in which the registration decisions are taken.

    (Bnbusdt)

    Binance Delisting: tokens being examined

    The newly announced vote to bring the tour examines 17 tokens, including FTT, Jasmy, Zec, Voxel, GPS and Wing.

    The vote took place on April 10; We will know what else is struck off this week. Binance said that the vote is only open to the account holders checked with a minimum of 0.01 BNB during the vote.

    Each user can vote for up to five tokens, but Binance stressed that “community comments will not be the only decisive factor in the final decision”. Instead, the exchange will also assess measures such as commercial volume, liquidity, team engagement, development activity and compliance with regulatory requirements.

    Why the Binance cancellation tightens its registration standards

    The Voting To Delist campaign arrives in the middle of the wider efforts of Binance to the more strict list requirements. In the past year, the exchange has increased efforts to ensure that the tokens listed on its platform meet the standards of higher transparency, development and protection of users.

    For example, during his first vote to bring the tour earlier this month, 14 underperforming tokens – including BAL, CREAM and SNT – were deleted. Binance cited slow development, low negotiation activities and questions of conformity as key reasons for these decisions.

    (X)

    There were less than 3,000 during the 2017-2018 overvoltage. With more than 36.4 million altcoins in circulation, the market breaks out of seams and the binance tries to brake it.

    How users can vote on binance delisters

    Binance reserves the voting process for those who have verified accounts and just enough BNB to eliminate spam. The results are not final, but they affect the decisions of who remains and who obtains the boot.

    For tokens under the microscope, it is an alarm clock. Prove the value, increase measurements or disappear from the platform. For exchanges, this trend indicates a hierarchy of quality control over quantity, tightening the screws on a rapid ecosystem and housing.

    Explore: the XRP price jumps 11% after the progression of dry crypto unit tease xrp etf

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    Main to remember

    • Seventeen tokens are on the cutting block, each marked with the feared “supervisory” label. This liability experience fed by the crowd aims to tighten the markets.

    • Binance maintains the reins tight on his vote, reserving the process for those who have verified accounts and just enough BNB to eliminate spam.

    The Binance post-binance to decay: the most dangerous piece of crypto? appeared first on 99Bitcoins.

    Source link

    post url: https://altcoin.observer/binance-deliseting-token-the-most-dangerous-piece-in-crypto/

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