Binance.US, a leading crypto-asset exchange, announced that it will delist Helium (HNT) and JasmyCoin (JASMY) on March 21, 2023. Here are the details…
Binance.US has announced these altcoins
As we have also reported as Kriptokoin.com, Binance.US, the US arm of Binance, has made a new delist announcement. If a crypto-asset no longer meets these standards or there are changes in market or regulatory conditions, a more thorough review is underway to determine whether delisting is necessary, according to the exchange.
During the review process, attention should be paid to changes in the token’s risk profile, regulatory status, team commitment to the project, level and quality of development activity, trading volume and liquidity, stability and security of the network against attacks, smart contract stability, community participation levels, and the possibility of unethical or fraudulent behavior or neglect. is being done. Additionally, the asset’s contribution to a healthy and sustainable crypto ecosystem is also taken into account.
Binance.US has decided to remove Helium (HNT) and JasmyCoin (JASMY) from its platform after conducting its review. Deposits for HNT and JASMY will be closed on March 20, 2023, while trading pairs HNT/USD, HNT/USDT, JASMY/USD and JASMY/USDT will be removed on March 21, 2023. Withdrawals, on the other hand, will remain open.
The price of altcoins lost slight momentum
After the development, Jasmy (JASMY) fell from $ 0.005582 to $ 0.005424. Helium, on the other hand, dropped from $2,377 to $2.32. However, at the time of writing, both coins are changing hands with an increase of 2-3% in the last 24 hours. So, Binance.US’s announcement did not cause a big impact on cryptocurrencies. In the chart below, you can see the one-week charts of JASMY and HNT:
The Helium Foundation, which oversees the Helium network, responded to Binance.US’s decision by stating that it will continue to educate them about the network’s core initiatives and development roadmap. The Helium Foundation also expressed disappointment with this decision. However, he pointed out that they still understand Binance.US’ stance. Recently, the Foundation has been working closely with the core development teams within the Helium community, the Solana community, and the Solana Foundation to ensure the transition to Solana is successful and completed on time.
The transition will significantly scale network service and divert more resources towards the goal of creating a ubiquitous and cost-effective communications layer for all people and devices. Helium also recommended that all participants in its ecosystem withdraw their funds from Binance.US for their safety. It is recommended that users get their HNT using the open source Helium Wallet application or switch to one of the 20 other exchanges that currently support HNT trading pairs.
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