As a seasoned researcher with years of experience navigating the cryptosphere, I’ve seen my fair share of market fluctuations and exchange decisions. The recent announcement by Binance to delist five tokens, including Ren, OAX, SelfKey, IRISnet, and Gifto, is yet another reminder of the dynamic nature of this industry.
As a researcher, I’m sharing an update about my recent findings: I’ve noticed that Binance, the leading global cryptocurrency exchange, has decided to delist five significant tokens from its platform. This decision is part of their regular review process for assets they list. In a blog post, Binance disclosed that these tokens include Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN).
As a crypto investor, I’ve learned that my holdings in pairs like GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, and both OAX/USDT and REN/BTC, as well as REN/USDT, will be affected by Binance’s decision to delist certain trading pairs. This move, as stated in their announcement, is part of their continuous effort to uphold the quality and relevance of their exchange by regularly assessing listed digital assets based on stringent performance and compliance standards.
The projects affected by this span a broad range, each having distinct purposes and roles within the blockchain community. For instance, there’s Gifto, a platform that debuted in 2017 through Binance Launchpad, dedicated to designing and disseminating digital gifts using blockchain technology.
IRISnet serves as a decentralized platform designed to empower small and medium-sized enterprises by facilitating service provision across interconnected blockchain networks. SelfKey offers a decentralized identity solution, complete with a non-custodial wallet that enables users to safely manage their digital identities and assets.
In simpler terms, OAX, recognized for its work within the Polkadot network, created the OAX layer-2 protocol and parachains. On the other hand, Ren functions as a decentralized finance (DeFi) platform that focuses on making it easier for Ethereum, Bitcoin, and ZCash to interact. The REN token, which is based on ERC-20, helps in connecting these different networks.
Binance states that it removes tokens from its platform if they no longer align with their stringent quality or fail to adapt to market changes. By doing so, the well-known Binance (symbolized by black and yellow) strives to ensure user safety and provide more current services.
These delistings show that Binance is taking a proactive approach to making sure its platform is a trusted and competitive space for cryptocurrency trading. Users are advised to finalize any trades involving the affected pairs before they are removed to avoid any issues.
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2024-11-26 16:31