Binance, many coins in standard transaction status into the innovation zone.
In the crypto ecosystem, there is an increase in cryptocurrencies that are rising and gaining popularity. However, on the other hand, cryptocurrencies that fell out of favor and disappeared have also increased a lot. Especially this year, many Cryptocurrency was delisted from exchanges.
in the morning Binancereported that many cryptocurrencies were removed from the standard zone and moved to the innovation zone. BinanceCEO CZ, if these coins do not improve He gave the message that he can be delisted.
#Binance will move the following assets into the Innovation Zone on May 10, 2023:
AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFIIhttps://t.co/IhPvXlmd0i
— Binance (@binance) May 10, 2023
Binance Downgrades Many Coins!
Binance offers users cryptocurrencies in two different categories as standard transaction and innovation zone. While cryptocurrencies operating in the standard region are more active, projects that experience a decline or have risk are in the innovation region.
In this context, the crypto exchange, which made a new move, 18 cryptocurrencies announced that it has moved its project to the innovation zone. declining and of CZThe cryptocurrencies that delist warns are as follows;
- AMB
- ARC
- BTS
- DREP
- FTT
- GFT
- JASMY
- LOOM
- MLN
- OAX
- OMG
- PERL
- PNT
- SNM
- SRM
- VGX
- WRX
- YFII
Many crypto money projects on the list have been in the ecosystem for quite some time. However BinanceAnd CZAccording to , these projects have problems with activity and progress.
Sharing on Twitter on the subject CZ, said:
Instead of direct delisting, as some of you have suggested, we’ll first move “non-progress projects” into the innovation zone. If they still don’t improve, we can remove them from the list. One more step.
As some of you suggested, instead of direct delistings, we will move "no-progress projects" to innovation zone first. IF they still don't improve, we may delist. One more intermediate step. https://t.co/YKfG8Xui7R
— CZ 🔶 Binance (@cz_binance) May 10, 2023
