👍👍Developers Are Moving on the Altcoin That Was Delisted by Binance! They Made a Statement After 10 Months of Silence – But Doubt Prevails 👍👍

Ren Protocol’s official X account has broken its silence after a 10-month hiatus and announced its plans for the release of Ren v2.

This statement promises to create a “bigger and more sustainable impact on DeFi” compared to the previous version, Ren v1. However, this news came just a few hours after Binance announced on December 10 that it would delisted REN and several other tokens, which raised some suspicions.

Binance generally follows a policy of delisting inactive projects, and this announcement, made by Ren Protocol after a long period of silence, was interpreted by some analysts as aiming to create “exit liquidity”. Although the REN price initially reacted to the development with an increase, it later experienced a sudden drop.

In the statement made about the arrival of Ren v2, it was stated that a seven-person team focused on the project and that they are confident that it will have a bigger and more sustainable impact on the DeFi space than Ren v1. In addition, important protocol design and governance lessons learned through Ren v1, as well as important bottlenecks for the broader ecosystem, were highlighted. It was emphasized that these obstacles will be addressed with Ren v2.

Ren Protocol aims to gain more visibility by stating that it hopes to share future developments with the community. However, it seems unlikely that Binance will reverse its decision to delist Ren and other tokens.

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