Huobi, one of the largest cryptocurrency exchanges in the market, announced that it will delist 14 altcoins, including Mirror Protocol (MIR).
Huobi removes 14 cryptocurrencies from the list
The Justin Sun-backed cryptocurrency exchange announced a collective delisting decision to “support the healthy development of the blockchain ecosystem” in a new announcement today. According to the official announcement, transactions will be suspended from February 3. According to Huobi’s detailed explanations:
As part of our continuous efforts to support the healthy development of the blockchain ecosystem, we are suspending BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC transactions. These cryptocurrencies will be delisted on February 3, 2023 at 11:00 am.
Huobi will be ceasing trading of BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC . These tokens will be delisted at 08:00 (UTC) on February 3rd, 2023. https://t.co/AYlfjyjE0M
— Wu Blockchain (@WuBlockchain) January 30, 2023
Why were they delisted?
Huobi has detailed its delist decision with the “Huobi Token Management Rules” guide. Accordingly, the delisting reason for BOO (SpookySwap), CNN (Content Neutrality Network) and QSP (Quantstamp) is as follows:
- The ST warning flag (if the token price is less than 10% of the initial price in the listing) is not removed within 30 days (natural day).
- If the average daily token trading turnover of the project team over the last 30 days is less than $50,000 or equivalent.
Remaining cryptocurrency projects ‘materially violated’ rules
Huobi, BFT (Bnk To The Future), BREED (BreederDAO), BP (BEYOND), FOX (Shapeshift), MOVEZ (MoveZ), MIR (Mirror Protocol), POKT (Pocket Network), RADAR (DappRadar), SRT (Smart) Reward Token), UPI (Pawtocol) and UNIC (Unicly) reported the following reasons behind profit:
- If the average daily token trading turnover of the project team over the last 30 days is less than $50,000 or equivalent.
- If the project team materially violates this Code or is exposed to higher risks by Huobi, etc. if detected.
The stock market, which we refer to as Kriptokoin.com, has been in the middle of intense FUD news in recent months.
Huobi users, beware of these
- When BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC are delisted, the deposit service will be closed, but the withdrawal service will remain open.
- All open orders for BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC must be canceled before 3 February.
- Any open orders for BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC will be automatically canceled after delisting and transferred to your Spot account via the respective cryptocurrencies.
- If you cannot see your BOO, BFT, BREED, BP, CNN, FOX, MOVEZ, MIR, POKT, QSP, RADAR, SRT, UPI and UNIC balances, please uncheck the “Hide small balances” option in your Spot account.
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