$OMG some reasons that Why Coins Delisted from Binance:
Binance announced that it will delist OMG Network (OMG), Waves (WAVES), Wrapped NXM (WNXM), and Nem (XEM) on June 17, 2024..
- Binance periodically reviews digital assets to ensure they meet industry requirements.
- Factors considered for delisting include:
- Commitment of team to project
- Level and quality of development activity
- Trading volume and liquidity
- Network and smart contract stability
- Level of public communication
- Responsiveness to due diligence requests
- Evidence of fraud or negligence
- New regulatory requirements
- Contribution to a healthy and sustainable crypto ecosystem
- All spot trading pairs for these tokens will be removed.
- Deposits will not be credited to accounts after June 18.
- Withdrawals will not be supported after September 17.
- Delisted tokens may be converted into stablecoins, but this is not guaranteed.
