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Binance withdraws from the auction Bytecoin, Iconomi, ChatCoin and Triggers

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Binance Bitcoin Exchange announced the first major delist of digital assets, under which the cryptocurrency Bytecoin, Iconomi, ChatCoin and Triggers will be withdrawn from the auction.

The delisting of all trading pairs with BCN, CHAT, ICN and TRIG will be held on Friday, October 12, after which the possibility of withdrawing these assets will remain for another month.

“In order to protect users, Binance conducts a periodic comprehensive analysis of all digital assets represented on our platform, which ensures their high quality. If a coin or token does not meet these quality standards, they become the subject of further consideration and can potentially be removed from the platform, ”the exchange said.

Among the evaluation criteria, Binance lists the interest of the project team, the quality and level of developer activity, network stability or smart contracts, the level of public communication and activity, the speed of responses to periodic exchanges checks, evidence of unethical or fraudulent behavior, and a contribution to the development of a healthy and sustainable ecosystem cryptocurrency.

What exactly the conditions were violated by the developers of these asset projects, the exchange does not specify. Nevertheless, against the background of the announcement, they all noticeably slipped in price – Bytecoin fell by 17%, Iconomi – by 8%, ChatCoin – by almost 20%, Triggers – by more than 37%.

Note that before Binance only once resorted to the practice of delisting cryptocurrency, when removed from the auction token ICO Centra, the organizers of which were accused of fraud .

On the eve, the exchange team announced that it would send all commissions for listing new tokens to finance charitable initiatives.

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