PowerPool responds to Binance's decision to delist CVP: completely unexpected, the team has not sold any token allocations
According to official news, PowerPool expressed regret for Binance's decision to delist its native token CVP, and responded as follows:
-This decision was completely unexpected for us, and Binance did not provide any information on the specific reasons or triggers that led to the delisting of CVP;
-PowerPool has been building protocols and communities, providing technical and marketing activities, including Binance CVP Learn and Earn;
-The PowerPool team provided a detailed report on development and other activities required by the team after listing on Binance;
-Binance did not provide feedback on the report or any other reporting activities, nor did it provide any information related to the reasons for being included in the monitoring label;
-The team has not sold any team token allocations (tokens were unlocked about a year ago);
-CVP has been listed on multiple CEXs (Gate, MEXC, etc.) and Uniswap DEX.
Yesterday, Binance announced that it will gradually delist and stop all related transactions of 6 tokens from August 19, 2024, Beijing time. These tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX).