Binance announced that it will stop trading and delist Powerpool (CVP), Ellipsis (EPX), Fortube (FOR), LoomNetwork (LOOM), Reef (REEF), and VGXToken (VGX) at 11:00 on August 26, 2024 (Eastern Time).
Binance emphasized that it will regularly review the digital assets listed to ensure a high level of currency quality. When a token no longer meets the listing standards or there are major changes in the industry environment, Binance will conduct an in-depth project review and may delist it.
Specific to the reasons why these currencies are delisted, there may be many aspects involved. For example, the level of commitment of the project team, the level and quality of development activities, trading volume and liquidity, the stability and security of the network, the stability of the network and smart contracts, the degree of public communication, regular due diligence requirements, responding to evidence of unethical/fraudulent behavior or negligence, new regulatory requirements, and contributions to a sound and sustainable cryptocurrency ecosystem may affect Binance's evaluation and decision on a currency.
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