Binance Delisting TNT and POE Tokens Launched via ICO in 2017
Binance cryptocurrency exchange has announced the upcoming delisting of two tokens. Tierion (TNT) and Po.et (POE) will be removed from the platform on November 12.
Currently, both assets have only one trade on Binance: POE / BTC and TNT / ETH. All orders in matching pairs will be automatically canceled. Users are given time to withdraw funds to POE and TNT until February 12, 2021.
“At Binance, we periodically revaluate assets to make sure they continue to meet the high standards we expect them to be. When an asset ceases to meet these standards or there are changes in the industry, we conduct a deeper review and can potentially remove it, ”the exchange explains..
Po.et raised $ 10 million in an ICO in mid-2017 to develop a decentralized protocol for content ownership and monetization. POE currently has a capitalization of $ 3.2 million, which makes it only the 844th largest in the market. After Binance’s announcement, its price dropped by 25%.
Tierion also conducted an ICO in mid-2017 and raised $ 25 million at that time.The project created a universal platform for data verification. TNT capitalization is now $ 1.8 million.
Earlier, Binance CEO Changpeng Zhao admitted the possibility of mass delisting of assets attracting insignificant trading volumes.
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