Binance Delists Six Tokens Amid Review Process
Binance has announced that it will be delisting six tokens from its platform due to various reasons. The tokens set to be delisted include Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC). According to the exchange, these tokens have been subject to a thorough review process.
The review considered several factors, including the commitment of the project team, development activity, trading volume, network stability, public communication, community engagement, and transparency. The review also took into account any evidence of unethical or fraudulent conduct, as well as new regulatory requirements and changes in tokenomics.
Binance will cease trading on all spot trading pairs for these tokens on August 17 at 03:00 UTC. Binance Futures will close all positions and conduct an automatic settlement on the contracts of the aforementioned token(s) on August 7 at 09:00 UTC. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.