Binance regularly reviews listed assets to ensure they meet high standards. The decision to delist OMG, WAVES, WNXM, and XEM on June 17, 2024, is based on the following factors:
Team Commitment: Evaluation of the team's dedication to the project's success.
Development Activity: The level and quality of ongoing development work.
Trading Volume and Liquidity: Ensuring sufficient trading activity and ease of transactions.
Network Security: Stability and safety from cyber-attacks.
Smart Contract Reliability: Consistency and dependability of the network's smart contracts.
Public Communication: Transparency and frequency of updates from the team.
Due Diligence Responsiveness: The project's promptness in responding to Binance's review processes.
Ethical Conduct: Absence of unethical or fraudulent activities.
Regulatory Compliance: Adherence to evolving regulatory standards.
Ecosystem Contribution: Positive impact on the broader cryptocurrency ecosystem.
Assets not meeting these criteria are delisted to protect investors and support the community.