Binance to purge 14 tokens following ‘vote to delist’ process
Factors such as team commitment, development activity and responsiveness to Binance’s due diligence requests were considered in the evaluation process.
Binance is planning to delist 14 tokens from its platform on April 16 in a move designed to purge low-quality projects that do not adhere to the crypto exchange’s tighter listing requirements.
The tokens are being delisted following a “comprehensive evaluation of multiple factors,” including the exchange’s first “vote to delist” results, where community members nominated projects with less than stellar metrics, Binance announced on April 8.
Other factors included the team’s commitment to the project, development activity, trading volume and liquidity, network stability, responsiveness to Binance’s due diligence requests and new regulatory requirements.
