Altcoin Delisted by Binance: CVP Team's Response đš
Today, Binance, the worldâs largest cryptocurrency exchange, shook the market by announcing the delisting of six altcoins: $CVP, $EPX, $FOR, LOOM, REEF, and VGX. This announcement led to a sharp decline in the value of these tokens.
In reaction, the team behind PowerPool ($CVP), one of the affected projects, released an official statement. Here are the key highlights:
- Delisting Date:** $CVP will be removed from Binance on August 26, 2024.
- **Unexpected News:** The team was surprised by the decision, as they were not provided with specific reasons for the delisting.
- **Compliance Efforts:** PowerPool emphasized their ongoing efforts to meet Binanceâs standards, including technical updates and active community engagement.
- **Communication Gaps:** Despite multiple attempts to resolve the issues and request a meeting, PowerPool received no response from Binance, citing various delays.
This development has sparked concern within the CVP community, as they navigate the next steps following Binanceâs decision.
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