Binance To Delist AION, MIR, ANC
Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of three tokens – Aion (AION), Mirror Protocol (MIR), and Anchor Protocol (ANC) – from its platform. The delisting will take effect on February 27, 2023, at 09:00 UTC.
#Binance will delist AION, MIR, ANC on February 27, 2023.https://t.co/Z87exr3SPM
— Binance (@binance) February 20, 2023
Token Delisting Criteria
In a statement released to its users, Binance cited a periodic review of its digital assets as the reason behind the decision. The exchange stated that it considers a range of factors before delisting a token, including the team’s commitment to the project, level and quality of development activity, trading volume and liquidity, stability and safety of the network from attacks, network/smart contract stability, level of public communication, responsiveness to periodic due diligence requests, evidence of unethical/fraudulent conduct or negligence, and contribution to a healthy and sustainable crypto ecosystem.
Warning Against Depositing Delisted Tokens
Binance has assured its users that all trade orders will be automatically removed after trading ceases in each respective trading pair, and users will be able to withdraw their coins and tokens from Binance until May 28, 2023, at 09:00 UTC. However, deposits of the delisted tokens will not be credited to users’ accounts after February 28, 2023, at 09:00 UTC.
The exchange has also informed its users that its other services, such as Binance Simple Earn, Binance Gift Card, and Binance Pay, will delist the aforementioned tokens at different times. Binance Simple Earn will delist the tokens on February 21, 2023, at 06:00 UTC, while Binance Gift Card will delist the tokens on February 27, 2023, at 04:00 UTC, and Binance Pay will delist the tokens on February 27, 2023, at 09:00 UTC.
Ensure Sustainability
Binance has advised its users to manage their Gift Cards containing these tokens in advance to avoid any inconvenience. It has also urged users to update and/or cancel their trading strategies before the cessation of strategy trading services to avoid any potential losses.
The delisting of these tokens by Binance is an indication of the exchange’s commitment to maintaining a high level of standards, protecting its users and contributing to a healthy and sustainable crypto ecosystem.
