Binance has completed its first Vote to Delist round, resulting in the decision to delist 14 cryptocurrencies.
List of Tokens to be Delisted
The first round of the Vote to Delist includes the following tokens:
1. Badger DAO (BADGER) 2. Balancer (BAL) 3. Beta Finance (BETA) 4. Cream Finance (CREAM) 5. Cortex (CTXC) 6. Aelf (ELF) 7. Firo (FIRO) 8. Kava Lend (HARD) 9. NULS (NULS) 10. Prosper (PROS) 11. Status (SNT) 12. Troy (TROY) 13. UniLend (UFT) 14. Vidt DAO (VIDT)
Price Changes of Tokens Post Announcement
Following the announcement of the voting results, the prices of the listed tokens began to decline significantly. For instance, the price of CREAM dropped by over 45%, while VIDT lost around 30% of its value, BADGER declined by around 10%, and FIRO fell by approximately 40%.
Criteria for Delisting Selection
The tokens were selected for delisting based on several factors, including:
* Vote to Delist results * Team’s commitment to the project * Development activity’s level and quality * Trading volume and liquidity * Networks’ stability against attacks * Projects’ level of public communication, community engagement, and transparency * Responsiveness to periodic due diligence requests * Unethical or fraudulent behavior * New regulatory requirements * Changes in project ownership structure or core team members * Community sentiments.
This decision by Binance on the token delisting is part of new initiatives aimed at increasing community involvement in cryptocurrency exchange processes.
