According to an announcement made by Binance on March 17, 2023, Binance will delist WABI on March 24, 2023!
Binance to Delist WABI
Binance, the world’s largest crypto exchange, periodically reviews whether its listed projects meet the high standards set by Binance. When a project or token no longer meets these standards or the industry changes, it conducts a more in-depth review and potentially delists it. With this governance principle, Binance aims to protect its users.
Binance considers various factors when making these checks. Here are some of the factors that determine whether Binance, one of the world’s most voluminous exchanges, decides to delist a digital asset:
- The commitment of the team to project
- Level and quality of development activity
- Trading volume and liquidity
- Stability and safety of network from attacks
- Network / smart contract stability
- Level of public communication
- Responsiveness to our periodic due diligence requests
- Evidence of unethical/fraudulent conduct or negligence
- Contribution to a healthy and sustainable crypto ecosystem
Things to Consider
Based on Binance’s recent reviews, it can be said that it has decided to delist and stop trading all trading pairs for Tael (WABI) as of 24.03.2023 03:00 (UTC). In an announcement on the official website of the Binance exchange, Binance shared that users should be aware of the following points:
- The trading pairs that have been definitively removed are: WABI/BTC
- All trade orders will be automatically removed after trading has stopped on each respective trading pair.
- To view your holdings after the trading halt, please make ensure that you have not selected “Hide small holdings” on your Funds page.
- WABI tokens will not be credited to your account after 25-03-25 03:00 (UTC).
WABI Token
- Withdrawal of WABI tokens from Binance will continue to be supported until 24.06.2023 03:00 (UTC).
- Binance Simple Earn will delist the tokens mentioned above as of 2023-03-24 06:00 (UTC). Users can choose to use their Flexible and Locked products in advance. Otherwise, these Flexible and Locked products will be automatically redeemed at the mentioned above time and then transferred to users’ Spot Wallets.
- Crypto Loans will delist and liquidate the mentioned above tokens as borrowable assets and collateral assets as of 22.03.2023 03:00 (UTC). Users are advised to manage their assets in advance to avoid any inconvenience.
- VIP Loan will delist and liquidate the mentioned above tokens as borrowable assets and collateral assets on 22.03.2023 at 03:00 (UTC). Users are advised to manage the assets in advance to avoid any inconvenience.
- Binance Gift Card will delist the tokens mentioned above as of 2023-03-24 03:00 (UTC). Users are advised to manage their gift cards consisting of these token(s) in advance to avoid any inconvenience.
- Binance Pay will delist the token(s) as of 2023-03-24 03:00 (UTC).
- Binance will discontinue strategy trading services for these spot trading pairs, where applicable, as of 24.03.2023 03:00 (UTC). Users are strongly advised to update and/or cancel their trading strategies prior to the termination of strategy trading services to avoid any potential losses.
What is WABI?
WABI is a blockchain-based service that connects consumers and brands. By rewarding users with WABI tokens, brands can generate new types of data for market research, testing, and strategic decision-making. With WABI, consumers can earn discounts, rewards, and cryptocurrency.
WABI Coin
WABI token is an ERC-20 token based on Ethereum standards. At the time of writing (before being Delisted), the value of the WABI token is 0.054. In addition, this project has lost approximately 49.13% in the last seven days.
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