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Today, #Binance, the largest cryptocurrency exchange by trading volume, made waves by announcing the delisting of six altcoins: $CVP , $EPX , $FOR , LOOM, REEF, and VGX. This move triggered a significant drop in the value of these tokens.
In response, PowerPool (CVP), one of the affected projects, broke their silence with a detailed statement. Hereâs what they had to say:
đŁïž Key Points from CVPâs Statement:
- Delisting Date: CVP will be removed from Binance on August 26, 2024.
- Surprise Announcement: The team was caught off guard, as they weren't informed of specific reasons for the delisting.
- Efforts to Comply: PowerPool's team highlighted their continuous efforts to meet all of Binanceâs requirements, from technical updates to community engagement.
- Missed Communication: Despite attempts to address the flagged issues and request a meeting with Binance, their efforts went unanswered, with Binance citing various delays.
#Write2Earn! #BinanceTurns7 #MarketDownturn #CryptoMarketMoves #BinanceUpdates