"When Binance?" is one of the most important questions for any cryptocurrency project and its investors. However, some projects stop developing after being listed on Binance.
Instead of directly delisting non-developing projects, BINANCE has started giving a warning shot.
Innovation Zone or Non-Innovation Zone?
In the past, when decided to delist a project then it happened from one day to another. Usually, users had received a notification email only one day prior to the delisting from the trading platform.
CZ Binance mentioned in one of his latest tweets"As some of you suggested, instead of direct delistings, we will move "no-progress projects" to the innovation zone first. IF they still don't improve, we may delist. One more intermediate step."
Sounds strange that they move projects that stopped being innovative in the innovation zone. The innovation zone was initially meant to be for projects with higher volatility and a higher risk compared to other coins and tokens that are listed on Binance.
However, this warning shot is much better for investors than a direct delisting because once your coin or token has been delisted from Binance, you can have a hard time getting rid of them.
The First 18 Projects Have Been Warned
On the 10th of May, the first 18 projects have been moved into the innovation zone on . They are now marked as projects that stopped developing. Are these "non-progress projects" the next zombie blockchains and tokens?
Time will tell. These 18 projects and the according coins and tokens are:
AirDAO ($AMB)
Ark ($ARK)
BitShares ($BTS)
Drep ($DREP)
FTX Token ($FTT) Edit: When it comes to FTX, I already know that they stopped developing, and you should know it, too ;)
Gifto ($GFT)
JasmyCoin ($JASMY)
Loom Network ($LOOM)
Enzyme ($MLN)
OAX ($OAX)
OMG Network ($OMG)
PERL.eco ($PERL)
pNetwork ($PNT)
SONM ($SNM)
Serum ($SRM)
Voyager Token ($VGX)
WazirX ($WRX)
DFI.Money ($YFII)
If you are holding one or more coins and tokens from the list, you should consider getting rid of them as soon as possible.
In most cases, it will be hard to trade any of these tokens once they are delisted from Binance.
My Final Words
I hope that I could provide you with some useful and interesting information about Binance and potential delistings from the platform. I recommend keeping an eye on the projects that Binance is moving into the innovation zone.
If you are for some crazy reason not registered on Binance yet, you can use my referral link with the invitation code E3PGAJCE for signing up. When you use it, it will save you trading fees each time you perform a trade on Binance.
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