$BOND token has recently plunged to ATL of $1.268, a stark contrast from its ATH of $185.92, representing a staggering decline of approx. 99.32%. Initially listed on Binance in Nov 2020, BOND has a maximum supply of 10,000,000 tokens. The fully diluted market cap is currently $13,431,234, with a circulating supply of 7,910,262 BOND, resulting in a present market cap of $10.59 million.
The primary utility of the token lies in its innovative approach to yield farming. It facilitates the unbundling of yield farms into distinct risk tranches, enabling users to deposit stablecoins into either junior or senior farming pools, depending on their risk appetite. This structure allows for a tailored farming experience, catering to a range of risk preferences among investors.
On July 22 at 3:00(UTC), Binance will delist BOND, DOCK, MDX, and POLS adding another layer of concern for investors. Major exchanges typically delist cryptocurrencies for several reasons, including:
1. Low Trading Volume and Liquidity: If a token has consistently low trading volume, it can indicate a lack of interest from traders, making it difficult to buy or sell without significant price changes.
2.Regulatory Concerns: Tokens that might pose legal or regulatory issues can be delisted to ensure compliance with laws and avoid potential penalties.
3.Security Issues: Vulnerabilities or security breaches associated with a token can lead to its removal to protect users.
4.Project Viability: If the project behind the token is no longer viable, shows signs of poor management, or fails to meet development milestones, it can be delisted.
5.Market Performance: Prolonged poor market performance and failure to maintain a stable market presence can also be a reason for delisting.
The drastic price drops and delistings highlight the cryptocurrency market's volatility.
Stay informed, diversify investments, and manage risks carefully.
