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Today, #Binance , the leading cryptocurrency exchange by trading volume, announced the delisting of six altcoins: CVP, EPX, FOR, LOOM, REEF, and VGX. As a result of this decision, these crypto assets faced sharp declines in value.
Following this unexpected move, the team behind PowerPool (CVP), one of the delisted altcoins, issued a statement to address the situation. The key points from their message are as follows:
According to the official statement, CVP, the native token of PowerPool, will be removed from Binance on August 26, 2024. The team expressed their surprise at the delisting, stating that they were not informed of the specific reasons or triggers that led to this decision by Binance.
PowerPool's team emphasized that they had consistently provided detailed reports on their development activities, responding to all requests from Binanceโs post-listing team. Maintaining a strong relationship with Binance was a top priority, and they worked diligently to fulfill all requirements related to technical updates, marketing initiatives, community engagement, testnets, and AMAs.
When CVP was flagged with a watch tag, the team sought to understand the issues and made significant efforts to arrange a meeting with Binance to discuss potential improvements. Despite these efforts, the meeting never took place, with the team citing various reasons provided by Binance for the delays.
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