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Author Topic: Why have so many platforms delisted Polygon tokens?  (Read 244 times)
zasad@
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September 25, 2022, 10:09:47 AM
 #21

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network
Some tokens in the Polygon ecosystem are not available for listing on the exchange. I change the required tokens for Polygon on de-centralized exchanges, and then change Polygon on centralized exchanges if necessary. The crediting of coins is fast and the losses on the fall of the price are minimal

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September 25, 2022, 10:21:59 AM
 #22

I haven't noticed such a problem from the exchanges i have used so far, Polygon is not the worst network so why will your exchange or these platforms delist the stablecoin in polygon network? You should at least mention the names so that people can take note.
Maybe there is another reason behind the delisting of those coins/tokens not necessarily having to do with polygon network itself.
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September 25, 2022, 10:47:37 AM
 #23

I also did not see any such news where delisting is mentioned. But many are thinking that it might be due to regular maintenance. Moreover, if it was specifically mentioned which coins have been delisted and which exchanges then the matter would have been clear to everyone.

Looks like the OP is just bragging about this, none of us all responding to this topic got any information regarding the Polygon Chain delist. Moreover he was also never seen again after he created this topic.

Overall this Polygon chain is quite popular now and in future it will overtake Previous ATH. Moreover, the investment on this project is constantly increasing.

This is OOT (IMO), but I wanted to make a little statement about this.

Do you think Polygon can reach its ATH once again after The Merge that happened to Ethereum? A lot has changed in Ethereum, especially for Fees, since The Merge happened.

In the past, people moved to Polygon which is Layer-2 due to very high fees on Ethereum, but because of The Merge, fees on the Ethereum network are no longer high. For me, there is no more room for Polygon to rise.

R


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September 25, 2022, 01:20:13 PM
 #24

There doesn't seem to be any related issues discussed in this thread, and the info regarding the problem of missing some tokens in polygons I think I just heard, if this is true this is the first case I know of, that we also have to be careful with this problem, unfortunately I am looking for this information, there is absolutely no news related to the problem of some platforms deleting their tokens from polygons..

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September 25, 2022, 03:31:14 PM
 #25

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

maybe maintenance is going on, when you make a transaction, the feeling is there are no network problems matic for now, but why the exchange forbids Matic in their deposits / withdrawals, try to be patient everything will be fine later

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September 25, 2022, 04:51:50 PM
 #26

Do you think Polygon can reach its ATH once again after The Merge that happened to Ethereum? A lot has changed in Ethereum, especially for Fees, since The Merge happened.

In the past, people moved to Polygon which is Layer-2 due to very high fees on Ethereum, but because of The Merge, fees on the Ethereum network are no longer high. For me, there is no more room for Polygon to rise.

TBH, fee isn't the matter at all. According explorer data, i saw that arbitrum is having higher fee on swapping assets compare to etheruem. For example, arbitrum costs around $5 for swapping where ethereum only costs less than $3 after the merge . So it doesn't mean, arbitrum or other L2 will loss the position in crypto market. Talking about polygon, they already made huge partnership in recent time and it could make ATH if they continue the hard like current time, IMHO. Also it's best to have diversity in smart contract platforms. Wink

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September 25, 2022, 05:17:38 PM
 #27

sorry in advance give us the name of the polygon token what do you mean in this thread, if indeed there is no token on the polygon network that is not available on the exchange you can bridge the token on the polygon network to an available network for example ETH, if you say about stable coins like USDT is still available on binance usdt for polygon network, please check again

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September 25, 2022, 09:20:20 PM
 #28

TBH, fee isn't the matter at all. According explorer data, i saw that arbitrum is having higher fee on swapping assets compare to etheruem. For example, arbitrum costs around $5 for swapping where ethereum only costs less than $3 after the merge . So it doesn't mean, arbitrum or other L2 will loss the position in crypto market. Talking about polygon, they already made huge partnership in recent time and it could make ATH if they continue the hard like current time, IMHO. Also it's best to have diversity in smart contract platforms. Wink

The Merge just happened, it might take us a little longer to see its impact on the whole of L2. Sorry in advance, but I think this discussion will be really OOT if we continue, it's better if we finish the discussion regarding fees, The Merge and price predictions.

R


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September 25, 2022, 11:01:52 PM
 #29

Binance for once has been delisting/listing Polygon for the last couple of months.

https://www.binance.com/en/support/announcement/ffa74b47e870477a80deacee1fcab727

And probably the same reasons as others, there is a network issues so they have to delist them temporarily.

Perhaps they are also doing some schedule maintenance and upgrades, the usual for any projects. And in any case, there will be a announcement if ever there is a permanent delisting by exchanges to give time for users to withdraw or move their funds around.

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Jackl87
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September 25, 2022, 11:09:39 PM
 #30

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Hmm. This news are completely new to me as i have never heard before that a lot of exchanges are delisting polygon based tokens or stablecoins. The only thing of that direction that i heard was a few weeks ago when Binance announced that they would delist USDC and i think also other stablecoins. This had nothing to do with the polygon chain though. This was just a move to make the people use BUSD more, because that is the stablecoin that is minted and controlled by Binance itself so they are just using their market power in order to push their own stablecoin.
I think everything is alright with polygon and you don't need to worry.
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September 26, 2022, 12:00:57 AM
 #31

Just like others, I haven't found any article and stories about the delisting of polygon tokens on an exchange, Even small exchanges will make a news about it given that they can take a chance in making themselves on headline for a while but no one have did it. I think OP might have seen a maintenance or the exchange is fixing some problems regaeding polygon just like what binance is doing when there's a certain problem or a very very heavy traffic just like what they did on LUNA.

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Ayers
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September 26, 2022, 01:58:04 AM
 #32

Due to low fees I used to keep stablecoins and some other tokens in the Polygon network, but in the past few days, most of the exchanges de listed these stablecoins or tokens on the Polygon network and only accept deposit and withdrawal to Ethereum network

Hmm. This news are completely new to me as i have never heard before that a lot of exchanges are delisting polygon based tokens or stablecoins. The only thing of that direction that i heard was a few weeks ago when Binance announced that they would delist USDC and i think also other stablecoins. This had nothing to do with the polygon chain though. This was just a move to make the people use BUSD more, because that is the stablecoin that is minted and controlled by Binance itself so they are just using their market power in order to push their own stablecoin.
I think everything is alright with polygon and you don't need to worry.

i'm waiting for him to come back to his thread to provide more information, can see that no one can find the information OP is talking about, can't say exactly what problem he is having.  the issue of delisting usdc and other stable coins was announced by binance 2 weeks ago and it has nothing to do with the polygon he said. it makes me wonder if he is creating a FUD in order to create fear and anxiety as he doesn't provide any links or proof as to what he is saying

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September 26, 2022, 04:44:29 AM
 #33

I exactly don't know why some exchanges delist Polygon network as option although last time I checked cheapest way to send USDT was BEP20 Binance smart Chain network. Its far more popular as I can see so if don't wanna use Ethereum Blockchain you can prefer BEP20 always. Its hard for me to trust anything besides 3 biggest Blockchain networks. I still can't forget what happened to Solana's chain.
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