Warning: Binance will delist GFT, IRIS, KEY, OAX, REN on December 10, 2024.
The world's largest cryptocurrency exchange's periodic review of each project is a positive action aimed at cleansing to high standards. It is known that these projects had previously been on Binance's 'watchlist'. Factors related to delisting include:
-Team commitment to the project
-Level and quality of development activity
-Trading volume and liquidity
-Stability and security of the network against attacks
-Stability of the network/smart contracts
-Level of public communication
-Ability to meet our periodic due diligence requirements
-Evidence of unethical behavior/fraud or negligence
-New regulatory requirements
-Contribution to a healthy and sustainable cryptocurrency ecosystem
This cleansing will create a higher quality trading environment in the future. It is also a warning to low-quality projects and poorly performing ones in the upcoming context of an increasingly fierce cryptocurrency race.
It is unfortunate that GFT, a Launchpad project that once held great expectations from investors when it reached a price of $2 in February 2023, later became embroiled in some rumors related to the management team.