Binance upcoming delisting

[bittick]

This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

True. those who will be delisted from binance have been performing so well at the early development progress but this time they have nothing to be proven as the result of the development.
The liquidity of those coins was getting decreased a lot since the release of product and that means their product didn't meet the expectation.

[masterrex]

Thats bad news for the token holders, I think there is a big reason why those tokens were being delisted on Binance, I have also experienced traded those tokens like fuel and Arn at Binance in 2019 at it give me some good returns during that time, but I'm wondering why it was being delisted in the one of the worlds most popular and largest cryptocurrency exchange like Binance.

[forexandcryptoauditor]

And this is what Binance and such exchanges are increasing confidence in its users. If a specific project is not meeting with the standards which are defined for the listing of any coin or token, delisting is one of the hard decisions for exchanges but necessary. There may be other scenarios that these coins are not trading much that Binance is not able to recover desired fees from it. However, for genuine projects is not a good thing from a future perspective.

[RabbiTANK]

There is no reason to keep holding tokens that's been delisted by binance because you've just been told that the team aren't are lacking behind big time, it's better to sell and move find into another project

[nutriagrigia]

I had some of these coins and I immediately sold them after the official news that the Binance will remove them from their exchange. the price will go down very sharply.

[Zotak337]

Binance needs to wipe their exchange clean of any not so good crypto projects, some projects rushed to get listed on binance when they don't have what it takes to keep moving up, I blame no one but the team of projects though, it shows they have been playing around only

[iv4n]

To be honest I never heard about Aeron (ARN, )Etherparty (FUEL) and Lunyr (LUN)! I don't know where you get all these tokens sometimes. For sure, they will be delisted because nobody trade with them anymore, nobody uses them, so maybe bad news for people who have these tokens, but for crypto it's good to clean the house sometimes. So I see this as a good move from binance, someone should deal with shit coins in one way or another.

[BitKongy]

To be honest I never heard about Aeron (ARN, )Etherparty (FUEL) and Lunyr (LUN)! I don't know where you get all these tokens sometimes. For sure, they will be delisted because nobody trade with them anymore, nobody uses them, so maybe bad news for people who have these tokens, but for crypto it's good to clean the house sometimes. So I see this as a good move from binance, someone should deal with shit coins in one way or another.

If nobody is using them how did they get listed on binance in the first place? I think you getting the whole delisting thing wrongly, these projects are once active but later they've become real slacking, no more better demands and volume and probably teams are inactive

[Vectra]

shit, I had fuel and lun, they were looking good TA wise. I was wondering why they dropped

Oh well, made some money on lun recently, some comes, some goes.

[imstillthebest]

To be honest I never heard about Aeron (ARN, )Etherparty (FUEL) and Lunyr (LUN)! I don't know where you get all these tokens sometimes. For sure, they will be delisted because nobody trade with them anymore, nobody uses them, so maybe bad news for people who have these tokens, but for crypto it's good to clean the house sometimes. So I see this as a good move from binance, someone should deal with shit coins in one way or another.

If nobody is using them how did they get listed on binance in the first place? I think you getting the whole delisting thing wrongly, these projects are once active but later they've become real slacking, no more better demands and volume and probably teams are inactive

i think that was before when binance was still new on the exchange world  . i remember binance list tokens and alts with a low standard but now they are one of the leading exchange they need to act professional and delist those coins   . its okay for me because i dont have those coins anyway   , this way people will learn to foccus only on the core coins of cryptocurrency   .  theres no need for us to worry but we should be happy that binance are doing thier best to improve their service and to help crypto community clean

[Sanitough]

This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

That's correct, inactive projects would affect the reputation of the business too, as much as possible Binance are getting rid of non active projects while giving a room for the new coins which has potential. When they will get delisted in Binance exchange, they already loss the reputation and the market as well and its price will be affected heavily as it's expected that people will dump.

LUN (https://coinmarketcap.com/currencies/lunyr/) currently at $0.983153 USD per token, but I doubt it could still maintain that price when out in Binance, hopefully it would not be worthless and Huobi Global here will pick up that loss volume.

[TimeTeller]

This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

That's correct, inactive projects would affect the reputation of the business too, as much as possible Binance are getting rid of non active projects while giving a room for the new coins which has potential. When they will get delisted in Binance exchange, they already loss the reputation and the market as well and its price will be affected heavily as it's expected that people will dump.

LUN (https://coinmarketcap.com/currencies/lunyr/) currently at $0.983153 USD per token, but I doubt it could still maintain that price when out in Binance, hopefully it would not be worthless and Huobi Global here will pick up that loss volume.

That is one repercussion when a specific project is delisted in top exchange like Binance.
Decrease of price is always forthcoming. But the project owners should have see this scenario coming.
Because before any exchange delist a coin, not only BNB, the trading performance should be in bad shape before they totally delist a coin.
So if the project owners didn't do anything about it before the situation gets worse, then they don't have to blame the exchange.
And it shows also that even Binance will have crap projects on their platform from time to time.
The project's fate doesn't depend on the exchange but on the dev team managing the project.

[Jating]

This should serve as a big warning to the project team that they are really lagging behind, binance team will only delist coins that aren't that active anymore, lacking in area like liquidity, volume and marketcap, it's not the end but it's left for the project team

That's correct, inactive projects would affect the reputation of the business too, as much as possible Binance are getting rid of non active projects while giving a room for the new coins which has potential. When they will get delisted in Binance exchange, they already loss the reputation and the market as well and its price will be affected heavily as it's expected that people will dump.

And I think projects should also take that in consideration when they coins/tokens get listed on Binance. If they have low volume or the price really suffers, then chances are that they are going to be removed so they should be prepared for that and not blame Binance if they got delisted.

LUN (https://coinmarketcap.com/currencies/lunyr/) currently at $0.983153 USD per token, but I doubt it could still maintain that price when out in Binance, hopefully it would not be worthless and Huobi Global here will pick up that loss volume.

This is one case why I said the above, they are enjoying a good price, but if they got delisted can they maintain it? I highly doubt as well. As investors might move to the next big coins. Unless the project is really solid, devs are active and it has gain the support of the community.

[jajorforce]

Not just Binance, but the other exchanges also need to delist the shitcoins. We have far too many shitcoins in circulaition now, and a lot many of the good projects are getting negatively impacted as a result of this. How many of these shitcoins have any usage, other than for speculative investment? Anyway, I just hope that other exchanges such as Huobi and Gate.io will also take similar steps.

Binance exchange is a very creative exchange, top others exchange should follow their plans. Without Binance, only a few exchanges delisted the coin. I'm happy with the one feature of Binance exchange, you can convert all your small amount altcoins to Binance coin. With a single coin, you can buy other coins or can withdraw from exchange.

[bitkanu]

Not just Binance, but the other exchanges also need to delist the shitcoins. We have far too many shitcoins in circulaition now, and a lot many of the good projects are getting negatively impacted as a result of this. How many of these shitcoins have any usage, other than for speculative investment? Anyway, I just hope that other exchanges such as Huobi and Gate.io will also take similar steps.

Binance exchange is a very creative exchange, top others exchange should follow their plans. Without Binance, only a few exchanges delisted the coin. I'm happy with the one feature of Binance exchange, you can convert all your small amount altcoins to Binance coin. With a single coin, you can buy other coins or can withdraw from exchange.

Other exchange sites have their own indicators regarding whether they need to delist such coin or not. it can't dictate and it doesn't mean another exchange site was also not doing what already done by binance.
Various major exchange sites were also actively delisting the crap coins too.

[Gotumoot]

People should always check the trading sites that they choose to leave their crypto on because of the constant delisting that would happen to the site.
You might even have a hard time to find some exchange for those delisted crypto if they aren't so active and only got few trading site that accepts them.
Back when I was a newbie I used to visit some faucet and collect them on a trading site but some of them just waste my time because they got delisted on the trading site that I used.

[Vishnu.Reang]

Not just Binance, but the other exchanges also need to delist the shitcoins. We have far too many shitcoins in circulaition now, and a lot many of the good projects are getting negatively impacted as a result of this. How many of these shitcoins have any usage, other than for speculative investment? Anyway, I just hope that other exchanges such as Huobi and Gate.io will also take similar steps.

Binance exchange is a very creative exchange, top others exchange should follow their plans. Without Binance, only a few exchanges delisted the coin. I'm happy with the one feature of Binance exchange, you can convert all your small amount altcoins to Binance coin. With a single coin, you can buy other coins or can withdraw from exchange.

Binance is a market leader and therefore we can expect them to come up with strong measures. Talking about the competitors and the smaller exchanges, I am not sure whether they will follow suit. Binance is a very big exchange and there will be no impact on their revenues even if they delist dozens of coins. For the other exchanges that is not the case.

[Inkdull]

I don't know much about those projects that got delisted from binance but it's not the end of the road if the team are still active, it's all about lack of development and good use case, some coins will perform very well in the beginning of their life circles and as time goes on they fade gradually

[ElmedoRator]

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

[Natalim]

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.