This Altcoin, Which Was Delisted by Bitcoin Exchange Binance, Made a Statement!

Binance, the world's largest cryptocurrency exchange by trading volume, made a new altcoin delisting decision as of today. Binance delisted 6 altcoins named CVP, EPX, FOR, LOOM, REEF and VGX in the morning hours and with this decision, the delisted crypto assets experienced sudden declines.

The team of the recently delisted altcoin named PowerPool (CVP) released a statement about this decision and mainly included the following words:

According to the official announcement, we regret to inform you that CVP, the native token of PowerPool, will be removed from Binance on 26-08-2024.

We have decided to provide detailed information to the PowerPool community about the recent withdrawal announcement from the exchange and to make a team statement.

This decision was completely unexpected for us, and Binance did not provide any information about the specific reasons or triggers that led to CVP being delisted.

The PowerPool team provided detailed reports on development and other activities requested by the Binance post-listing team.

Maintaining relationships with the Binance Post-Listing team was a top priority for the PowerPool team.

We provided all requested updates/reports to #Binance representatives upon request. We did this because Binance listing is crucial to CVP liquidity and community convenience.

The Binance Post-Listing team was thoroughly briefed on our technical, marketing, event activities, community metrics, testnets, AMAs, and everything else that was done.

When CVP received a watch tag, we tried to learn about the reasons and understand what needed to be improved; for this purpose, we spent about 1.5 months arranging to meet with someone from #Binance Post-Listing to understand what we could do.

Unfortunately, the meeting was never organized due to various excuses the post-listing team gave us. Although our side made great efforts for the possibility of talks, these calls were ignored.