Binance has announced a major move—five tokens will be delisted in December due to compliance and industry-related concerns. If you hold any of these tokens, act fast to secure your assets!
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📉 Tokens Set for Removal
The following cryptocurrencies will be delisted on December 10 at 03:00 UTC:
1. Gifto (GFT)
2. IRISnet (IRIS)
3. SelfKey (KEY)
4. OAX
5. Ren (REN)
Affected Trading Pairs:
GFT/USDT
IRIS/USDT
KEY/USDT
OAX/BTC, OAX/USDT
⏰ Key Dates to Remember:
Spot Trading Ends: December 6, 2024
Deposits Halted: December 12, 2024
Withdrawals Close: February 12, 2025
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📊 Market Impact: Prices Plummet
The announcement sparked a sharp sell-off, with some tokens losing over 30% of their value:
Gifto (GFT): -30.6%, now at $0.01242
SelfKey (KEY): -29.7%, now at $0.00262
OAX: -37.2%, the hardest hit
Ren (REN): -36.1%, now at $0.03716
IRISnet (IRIS): -34.8%
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💡 Why Binance Is Delisting These Tokens
Binance’s decision stems from its strict evaluation process, considering:
Development and project progress.
Stability and security of the network.
Regulatory compliance and standards.
This ensures that Binance maintains a secure and high-quality trading environment for its users.
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📌 What Should You Do?
1. Withdraw Your Funds: Move affected tokens to external wallets or other exchanges before February 12, 2025.
2. Monitor Futures Positions:
KEYUSDT and RENUSDT perpetual contracts will automatically settle on December 3, 2024.
3. Be Prepared for Conversion: Binance may offer a token-to-stablecoin conversion after February 13, 2025, but this isn’t guaranteed.
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🌟 Stay Informed and Take Action
While delistings are part of Binance’s commitment to user safety, they can significantly impact your portfolio. Don’t wait—review your holdings, plan withdrawals, and stay tuned for further updates.
🔔 Follow Binance for more announcements and insights to navigate the ever-evolving crypto landscape effectively.
#GODINDataForAI #NotPriceSurge #GameFiOnTheRise #ETHPriceSurge #Write2Earn!