NoOneLt
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February 17, 2019, 10:48:58 AM |
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I wander how this will work out. Do binance must to clarify delist reason? Or it is up to them? GL Cloak team
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Mountain_Crew
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February 17, 2019, 11:46:49 AM
Last edit: March 26, 2019, 12:31:36 PM by Mountain_Crew |
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https://i.imgur.com/kOQmSg2.png
Dear Cloak Community,
The news on Friday about Cloak being delisted from Binance has emotionally shocked me. As CloakCoin’s project manager this is an even harder hit for me because I very strongly identify myself with the project. Binance is a reputable player in the crypto scene. This unsubstantiated and incomprehensible message tarnishes CloakCoin’s reputation in a negative way. I particular, it is perplexing to me that this has occurred when CloakCoin is a V-label verified project on Binance Info. This is the result of regular correspondence and careful observance of any requirements imposed by Binance. Looking back at the regular contact made with Team Binance previously, I hope for a detailed explanation regarding which of the points apply to CloakCoin. Below, I have answered and listed the general motivations of Binance from our point of view.
COMMITMENT OF THE TEAM TO PROJECT
Since the project was adopted in 2014, it has been fully funded from our own resources. It is in our own interest to drive the project forward and provide investors with the best possible privacy protection solution. We have participated regularly in events such as the Binance Conference in Singapore. In addition, we are always transparent across multiple channels and regularly share insights with our community on the progress of the project. These include both the regularly filled status reports to Binance as well as the monthly reports of each Cooridnator and other departments proving that all obligations are being fulfilled. Therefore, we see no issue with the team’s commitment to the project!
LEVEL AND QUALITY OF DEVELOPMENT ACTIVITY
All activities are recorded on Github by our devs and currently only stored in a private folder. Our goal is to publish a finished product on GitHub. Both our partners and our community were informed on a monthly basis about the current status of the development.
NETWORK STABILITY
CloakCoin has had a stable, functional and powerful network since the beginning. Cloak was never affected by past PoS attacks. In addition, there were no forks of any kind. The stability of the network is characterized by the blocks which are generated every 60 seconds and since our blockchain started there is no detectable failure of the network.
PUBLIC COMMUNICATION
We are in daily contact with the community and report on the current developments of the project. We consider it our duty to inform our community about progress and future plans. All lines of communication are actively operated through all of our social media channels.
RESPONSIVENESS TO OUR PERIODIC DUE DILIGENCE REQUESTS
As already described, we have always fulfilled all the duties that Binance have assigned to us. We have always delivered the required evidence of progress on time and do not see this point as a meaningful concern.
EVIDENCE OF UNETHICAL / FRAUDULENT CONDUCT
We reject any allegations of unethical behavior. There is no confrontation with theft, infidelity, fraud or corruption, money laundering or other competition violations. In addition, there is no deviant and counterproductive behavior. We live an open corporate culture and always maintain personal contact with the team and the community. Since CloakCoin is a self-financed project, we cannot be blamed for embezzling funds.
CONTRIBUTION TO A HEALTHY AND SUSTAINABLE CRYPTO ECOSYSTEM
CloakCoin has been an integral part of the rapidly growing ecosystem since 2014, helping to facilitate fast, secure and private transactions. In addition, CloakCoin has a finished product that is still being developed and improved. The product itself and the work of the coordinators is a healthy sign that the focus is placed on the expansion of partnerships and adoption.
I would like to reiterate that despite having no ICO, no premine and no raising of venture capital, CloakCoin has managed to build and deliver a working product that has been operating now for almost 4 years. CloakCoin is a robust implementation of proof of stake and a contributor to the PoS Alliance. Thanks to our development of the Enigma Payment System, it is also a unique privacy enhancing technology in that it maintains an auditable total money supply.
Cloak has stood the test of time and although the market cap does not currently reflect the years of hard work, we are more committed than ever as many regions hurtle toward becoming a cashless society, it is now more important than ever that privacy preserving cryptocurrencies enable fungibility and permissionless, peer to peer payments, without intermediaries. A truly private digital equivalent to cash that frees the individual of intrusive surveillance in order to maintain their autonomy and dignity.
I see no clear reasons for the delisting of CloakCoin. The request for a detailed justification from Binance has yet to be answered. Nevertheless, I hope that we will find a positive solution that will satisfy both the team and everyone involved. Finally, I would like to express my sincere gratitude to every member of the project who, despite this phase, stays with us.
We will keep you up to date!
Peace & Love
Stefan Kender - lasvegas83
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hadarian
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February 17, 2019, 04:48:36 PM |
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Those patents do not refer to anything related to Cloak.
Total BS
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NoOneLt
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Activity: 140
Merit: 10
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February 18, 2019, 07:10:11 PM |
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So, any off statement from Binance?
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yogibaer
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February 18, 2019, 07:39:56 PM |
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So, any off statement from Binance?
No, unfortunately not. |
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tradercouch
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February 19, 2019, 05:49:27 AM |
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Almost all altcoin catching btc ratio of all time high very soon but cloakcoin very bad days now a days.cloak all timd high is 0.0055  and its very far far away |
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hadarian
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February 19, 2019, 08:03:56 AM
Last edit: February 19, 2019, 08:26:32 AM by hadarian |
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So, any off statement from Binance?
No, unfortunately not. Who cares. I remember Dash was once delisted from bitfinex, I think in 2016. Cloak is a great coin! Keep doing the good job. |
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tradercouch
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February 19, 2019, 09:15:17 AM |
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So, any off statement from Binance?
No, unfortunately not. Who cares. I remember Dash was once delisted from bitfinex, I think in 2016. Cloak is a great coin! Keep doing the good job. Yes you are right many coin delisted from many exchanges in past years some for reason some for not. But this time binance decision for cloakcoin delisting something strange i can say very strange. cloakcoin is much and more active project and very professionally handling by cloakcoin team. |
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NoOneLt
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February 19, 2019, 10:36:06 AM |
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But it is highly shady practice to delist coin without clearly stating why... Actually it could be immediately considered as probable insider trading. While every move like this highly influences price, and if coin has no signs of problems before and was dilisted out ow nowhere.. really shady.
Even if coin breaks some of the rules it must be clearly stated to raise community awareness.
And when healthy coin looses 40% of the value just because someone had a bad day it is unacceptable.
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tradercouch
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February 19, 2019, 12:27:04 PM |
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Coinmarketcap cloakcoin ranking number is 450 i am really very upset about cloakcoin and about my investment on cloakcoin but i still trust on cloakcoin
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hadarian
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February 19, 2019, 12:32:59 PM |
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A good, healthy private coin is being delisted with no reasons. You know what? I've been busy filling my bags for the last couple of days on bittrex  |
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ansi
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February 20, 2019, 10:14:32 AM |
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This Delisting dilemma Binance i doing lately even for great projects seems so fishy, why desisting some of the great projects in crypto out there without any reasonable reason !!!
Binance is affecting crypto the bad way now, their ICO platform, now this Delisting bullshit is going to take it down sooner or later, people are sick of their Delisting bullshit lately.
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MedaR
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Merit: 1026
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February 20, 2019, 04:31:19 PM |
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hadarian
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February 20, 2019, 05:52:00 PM
Last edit: February 20, 2019, 06:08:42 PM by hadarian |
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I have a problem with withdrawals from bittrex. I downloaded os wallet and the withdrawal shows as invalid. Any idea why? edit: solved  |
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nadrojcote
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February 20, 2019, 06:18:37 PM |
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Has anyone considered the abnormal price action associated to Cloak as a potential reason for the delisting?
There's definitely been a pump group involved with the project for a long time.
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hadarian
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February 20, 2019, 06:51:03 PM |
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I have no idea but it is a great opportunity to buy more and I am actually doing my best to accumulate as much as possible.
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Piston Honda
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Merit: 1064
Juicin' crypto
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February 20, 2019, 07:13:50 PM |
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^lol...look at the fake noobs trying to prop up this original scam/shit/vaporware coin. which still is the same shit LOL.
rekt
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$ADK ~ watch & learn...
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bitpotter
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February 20, 2019, 07:22:21 PM |
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Cloak is one of the legendary coins since 2015 if not mistaken, the first beginning I saw on the bittrex exchange
I have done a lot of trading there for a number of years, finally binance was born since 2017 and has included such good cloak, the daily volume starts in 2018 yesterday. And now I don't know the news about the cloak, whether it is still there or has been delisted.
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Raja_MBZ
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Activity: 1862
Merit: 1505
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February 20, 2019, 07:30:22 PM |
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Cloak is one of the legendary coins since 2015 if not mistaken, the first beginning I saw on the bittrex exchange
I have done a lot of trading there for a number of years, finally binance was born since 2017 and has included such good cloak, the daily volume starts in 2018 yesterday. And now I don't know the news about the cloak, whether it is still there or has been delisted.
CLOAK is still present on Bittrex: https://bittrex.com/Market/Index?MarketName=BTC-CLOAKIt'll be de-listed from Binance though, on 22nd February. |
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