Prominent cryptocurrency exchange, Binance has shocked everyone by adding 5 more unsuspecting altcoins to it’s de-listed category as they failed to come up to “the high level of standard we expect.”
Now, the de-listed digital currencies are looking for some answers and they are not pleased. All 5 cryptos have stated that they were either not aware of any such move by Binance or that they are disappointed but all said they wouldn’t stop the good work on their respective platforms.
Number one on the list is Wings which was not at all pleased by this decision, “These news have saddened us, as WINGS has been listed since the early days of Binance. As all the required information by Binance was always provided in a timely manner. The delisting was a big surprise for us, since we have not received any notification about the pending delisting, hence had no chance to resolve any issues they may have found with the project. In fact, up to this very moment we have no information why Wings specifically was picked, despite our repeated inquiries to Binance.”
Seems like these cryptos are not at all pleased with their removal!
Next, comes CloakCoin which issued this statement on their official website, “The news on Friday about Cloak being delisted from Binance has emotionally shocked me. As CloakCoin’s project manager this is an even harder hit for me because I very strongly identify myself with the project. Binance is a reputable player in the crypto scene. This unsubstantiated and incomprehensible message tarnishes CloakCoin’s reputation in a negative way. Looking back at the regular contact made with Team Binance previously, I hope for a detailed explanation regarding which of the points apply to CloakCoin.”
Substratum went as far as to make a list of their issues with the decision on Binance’s part and said, “This decision came as a surprise, with no advance warning. We are terribly disappointed in the decision and their handling of the delisting. To be specific:
- We were not questioned regarding any issue(s) to make sure the issue(s) is factual before making this decision.
- We were not given an opportunity to clear up any real/perceived issue(s), such as a probationary status or deadline to fix.
- We were not given any conditions for relisting.
Binance has since indicated that our delisting is due to the trading of ICO funds. We are attempting to reach out to Binance to provide them with documentation to show that is not the case.” They also added that, “The Substratum development team remains focused on delivery and our upcoming release. We will not be deterred or distracted by influences outside of our control. We remain vigilant in pursuing freedom of information to all – true net neutrality.”
Then comes Modum (MOD) which kept their statement rather diplomatic and rational when they said, “We were given no prior notice about this decision and have not received a satisfactory reasoning from Binance yet. We will update the community as early as possible (this) week,” they wrote in their Telegram channel.
Salt, however was not having it!
“SALT adamantly objects to Binance’s announcement which provides the basis for which it delists a token but does not make any specific allegation against the list of companies, thus creating false negative implications. Binance has not requested any information from SALT to enable Binance to make a decision relating to its now publicly listed criteria and acted irresponsibly in insinuating that any of the criteria is true of SALT.”
We await further information on how Binance handles these 5 varying criticisms, grievances and statements. They definitely have some explaining to do!