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Author Topic: Binance upcoming delisting  (Read 597 times)
omnik
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July 15, 2020, 02:50:37 PM
 #81

I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time
These altcoins have no progress and that may become the main reason why binance has been deciding to delist them all instantly. It looks like those coins were getting traded at very low price,
So many people were still getting trapped.
Gunday_07
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July 15, 2020, 03:10:15 PM
 #82

I'm sure that binance did the best to avoid some bad stain to their reputations, these projects must have slow developments or the team are less active right now, I just pity those who spend lots of money on the projects, I hope they make good money before dumps starts

robattfield
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July 15, 2020, 03:21:38 PM
 #83

I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time

That's given, especially those who bought during the bull run and continue to hold hoping for another bull run to come.

Aeron (https://coinmarketcap.com/currencies/aeron/) ATH almost $7, current price is $0.10
Etherparty (FUEL) ( https://coinmarketcap.com/currencies/etherparty/) ATH - $0.40 , current price $0.0024
Lunyr (LUN) (https://coinmarketcap.com/currencies/lunyr/) ATH - $58, current price $0.91

you can tell it's hard for them to recover from the current price as they dumped really hard.
Yes, I believe they will never restore the original price. That's why Binance has delisted them, hoping there won't be too many people stuck on these projects. It was really bad
serjent05
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July 15, 2020, 03:24:44 PM
 #84

I can't find the source for that delisting, do you have a source for that news because I can't find it on their blog and no news yet about the delisting.
I haven't received an email too about this news you have shared.

You can find their announcement here : Binance Will Delist ARN, FUEL and LUN on 2020/07/20

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following tokens at 2020/07/20 10:00 AM (UTC):

Aeron (ARN)
Etherparty (FUEL)
Lunyr (LUN)
Please note:

The exact trading pairs being removed are: ARN/BTC, ARN/ETH, FUEL/BTC, LUN/BTC.
All trade orders will be automatically removed after trading ceases in each respective trading pair.
To view your assets after trading ceases, please ensure you have not selected “Hide small assets” in your Funds page.
Withdrawals of these coins and tokens from Binance will continue to be supported until 2020/10/20 at 10:00 AM UTC.

I believe there will be a lot of people stuck with these altcoins, they are listed at Binance and are considered one of the best altcoins. But after a while, these altcoins are dead and make many people lose, it is true that we should be really careful with altcoins in this market. They can die and become scams at any time

That's given, especially those who bought during the bull run and continue to hold hoping for another bull run to come.

Aeron (https://coinmarketcap.com/currencies/aeron/) ATH almost $7, current price is $0.10
Etherparty (FUEL) ( https://coinmarketcap.com/currencies/etherparty/) ATH - $0.40 , current price $0.0024
Lunyr (LUN) (https://coinmarketcap.com/currencies/lunyr/) ATH - $58, current price $0.91

you can tell it's hard for them to recover from the current price as they dumped really hard.

Seems those coins were heavily pumped, I feel sorry to those who bought them at its peak.

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Skinny48
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July 15, 2020, 03:28:26 PM
 #85

Honestly this is one of the reasons I hate projects that got listed on binance exchange through voting, not all projects deserve to get listed on binance but if community voted for any coin they can get listed on there without any restrictions or deep look from binance team, in time many projects will still get delisted from binance

Gayong88
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July 15, 2020, 03:29:40 PM
 #86

Binance plan to delist the following coins very soon, I believe they are doing this because the coins failed to meet their level of standard, if you are holding any of these coins I suggest you think twice about them

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following tokens at 2020/07/20 10:00 AM (UTC):

Aeron (ARN)
Etherparty (FUEL)
Lunyr (LUN)


This may be one of the strategies that Binance is implementing in terms of increasing comfort for its users and thanks for sharing information related to Binance planning to delete a few coins.

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antsam
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July 16, 2020, 04:13:53 AM
 #87

it only create hype to new investors or traders that want to speculate their money to get return. look at several coints which is participate in community voting, most of them will rise alot . but binance strictly to select project will listed there. developtment will always monitored by binance team , if listed project have no significant developtment they will add this project again to delist table.

I think it is a misconception whenever a specific altcoin is listed on Binance, they thought that every coin listed on Binance are good and promising and they are not aware that there are also shit coins there. If you will choose an exchange make sure it is reliable and trusted like Binance but if you will look for a coin make sure that it is not a shitcoin and it has a good volume and liquidity. Those coins that the Binance delisting are probably the coins that doesn't have high daily volume and the liquidity is not good.

You're right, it all depends on project developer itself, If they able to compete with various other projects of course they can survive and their tokens will also remain strong on the large Exchange. I am sad to see the Lunyr project, I think at beginning this project very good and gained a lot of trust from investors, But now Binance will delisting their tokens, very sad.

ofcourse binance have their own reason why delisting lunyrs. binance team have good qualification to filtered which project will accept in binance or will delist from their exchanges. so if any project success listing on binance they should not be happy , they must continue developt their project well or will delist like previous project.

You're right. Listing in large Exchange can be a successful step of the project. However, if after listed on Exchange, the team doesn't work too hard to develop the project then the project is done. It is not wrong to say that coins listed on large Exchanges are more reliable and have better potential than coins listed on small ones. However, we still have to look carefully at a specific coin to make a decision. Don't invest in any coin just because it's listed on Binance.

Indeed, being listed in a good exchange doesnt mean you dont need to do anything for your project because it will surely get a high demand. It needs a progress to see that its active to give the investors the satisfaction on why they will going to invest. I dont have these coins but becoming delisted to a big exchange will have an impact to the project itself and might be the start to turn bad.

It is a pain in the ass for all small project that prioritise to list on binance rather than focus resources on project development and marketing. The monthly on binance is incredibly high that's why many small project that listed there are struggling to continue there listing. Binance is a dead end for project marketing and I believe most project that listed are slowly dying.

The best thing to do if ever you are holding a coin that delisted was to cut loss. The project will slowly die in the long run and holding it will be too risky.

We have all seen and the fact that Binance is not a guarantee of success will in fact be a hell of a project failing, because the huge costs for listing, if you get blacklisted from binance it will make it worthless. Because of how much has been delisted from binance it ends up ashes
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