Binance Delists QLC-2023

Recently, Binance, the world’s largest cryptocurrency exchange, announced that it would delist QLC and two more tokens.

Binance Delists QLC-2023

As of April 11, 2023, according to an announcement made by Binance, the world’s largest cryptocurrency exchange, the exchange has delisted QLC, NEBL, and AUTO tokens. Immediately after the announcement made by Binance, Kepple (formerly QLC Chain) announced the same news on its social media account. Kepple stated that they unfortunately delisted, but Kepple is determined to create a layer 2 crypto community-oriented service on BNB Chain.

Disappointment

Kepple, formerly known as QLC Chain, expressed his deep regret that he was delisted without notice in the middle of the process while waiting for token support.

Statement from the company’s social media account: ”The Kepple, formerly QLC Chain, team has been awaiting Binance’s decision for weeks, hoping to get support for the token swap. However, we were delisted without prior notice in the middle of the process. We would love CZ (Founder of Binance) to get in touch with us.”

Binance’s Statement

The statements made by the world-famous cryptocurrency exchange Binance were as follows: 

At Binance, we regularly review every digital asset we list to ensure it continues to meet the high level of standards we expect.

When a coin or token no longer meets this standard, or when the industry changes, we take a deeper look and potentially delist it. We believe this best protects all of our users.

We consider a variety of factors when conducting these reviews. Here are some of the factors that influence our decision to delist a digital asset:

• Team commitment to the project
• Level and quality of development activity
• Trading volume and liquidity
• Stability and security of the network against attacks
• Network / smart contract stability
• Level of public communication
• Responding to periodic due diligence requests
• Evidence of unethical/fraudulent behavior or negligence
• Contributing to a healthy and sustainable crypto ecosystem

As a result of all this, as a result of its latest reviews, Binance announced that it has decided to delist all trading pairs of some tokens. These tokens are the following:

1. Kepple (QLC)
2. Neblio (NEBL)
3. AUTO (AUTO)

SOURCE

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