ATTENTION CRYPTO INVESTORS! ๐จ
Critical Information About Upcoming Binance Delisters
On August 26, 2024, Binance will be delisting ForTube (FOR), Ellipsis (EPX), Voyager Token (VGX), PowerPool (CVP), and Reef (REEF) from the platform! This delister is part of Binanceโs process to purge assets from the platform that do not meet Binanceโs high performance and compliance standards. If you have invested in these coins, itโs time to take action!
About These Tokens to Be Delisted
- ForTube (FOR): FOR, which offers DeFi lending services, is trading at 0.00905 USDT, down 39.51%.
- Ellipsis (EPX): EPX, which focuses on stablecoin trading, is trading at 0.0000739 USDT, down 34.60%.
- Voyager Token (VGX): VGX, which trades at 0.0365 USDT, is down 33.64%.
- PowerPool (CVP): CVP, which provides governance power in the DeFi ecosystem, is down 32.23% to 0.2300 USDT.
- Reef (REEF): REEF, which aims to combine DeFi with centralized exchanges, is trading at 0.000917 USDT, down 21.08%.
What Should You Do Now?
1. Withdraw or Convert Your Assets: Withdraw or convert your assets to other cryptocurrencies before the delist.
2. Stay Up to Date: Follow Binance's announcements; wallet services may be affected.
3. Consider External Wallets: If you are going to continue storing these assets, transfer them to an external wallet.
4. Research Alternative Exchanges: Don't forget to explore other exchanges that support these tokens.
Reasons Behind Binanceโs Delisting Decision
- Low Trading Volume: Lack of interest and low volumes.
- Lack of Developer Support: Lack of innovative projects.
- Regulatory Issues: Assets that do not meet compliance standards.
- Market Performance: Dramatic price drops and future of projects.
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