Binance to purge 14 tokens following ‘vote to delist’ process
Binance is set to delist 14 tokens from its platform on April 16, aiming to eliminate low-quality projects that fail to meet the exchange’s stricter listing standards. This decision follows a comprehensive evaluation process that included a community-driven ‘vote to delist’. Criteria for delisting included the team's commitment, development activity, trading volume, liquidity, network stability, and responsiveness to Binance’s due diligence requests. The tokens being removed include Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream Finance (CREAM), Cortex (CTXF), Aaelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend (UFT), and VIDT DAO (VIDT). This move is part of Binance's effort to enhance investor protections amid increasing regulatory scrutiny. The exchange has already extended its ‘cliff period’ to a minimum of one year, allowing newly listed tokens to remain unsellable for that period. Other exchanges are also adopting stricter listing requirements due to similar regulatory pressures.
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