Panic Selling of BCN On Going As Binance Set to Delist 4 Coins Including $BCN

[fitload]

World’s largest crypto exchange Binance just announced via a tweet that the exchange will soon delist up to four cryptocurrencies, including Bytecoin ($BCN), ChatCoin ($CHAT), Iconomi($ICN) and Triggers ($TRIG).

Binance explains in the announcement that in order to maintain a high-level standard of quality, the projects are reviewed. Should the projects fall below this standard, they will be subject to further review and potentially delisted.

Factors mentioned for delisting include looking into the commitment of the team to the project, specifics of the development cycle, and the stability of the network itself, or smart contracts in the case of tokens on other blockchains.

Each coin listed on Binance’s platform is thoroughly researched in order to ensure that their customers have access to only the digital assets. However, as the crypto world is always changing and evolving, some coins are simply not capable of maintaining...

Read More: https://news.bitzamp.com/panic-selling-of-bcn-going-on-as-binance-set-to-delist-4-coins-including-bcn/

[JSD10M]

That is a good step done by Binance. This actually challenges all those who are currently listed and those planning to get listed to improve the quality of their platform