Cryptocurrency exchange Bitget has decided to delist TokenFi (TOKEN), launched by the popular meme coin Floki (FLOKI), after detailed review.
Bitget came to the fore with a striking decision. In a statement made by the stock exchange on October 31, TokenFi of the project 27 October He emphasized that a comprehensive evaluation was carried out following the listing on 24.08.2019 and many non-conformities were detected.
The stock market is in this direction 31 October All TOKEN deposits and buying and selling services suspended and all pending orders cancelled:
In the statement, it was stated that the project team had access to liquidity pools of decentralized exchanges. from 2 thousand dollars increase the price by adding less tokens manipulate and TOKEN An opaque token economy It was stated that it was not:
After TokenFi’s (TOKEN) trading service launched, significant price fluctuations were noticed. It was also found that the project team only added less than $2,000 of tokens to the DEXs’ liquidity pool and was suspected of engaging in market manipulation by maliciously controlling the initial liquidity. Additionally, during further investigation of the project, more potential issues were discovered, such as a murky token economy and an unclear vesting schedule.
Bitget declared that Tether (USDT) payments will be made to users who have TOKEN in their accounts. This step taken user liability It was stated that it is important for:
In order to be responsible for its users, Bitget decided to delist TokenFi (TOKEN) after a thorough evaluation and initiate a buyback plan for users holding TOKEN on Bitget.
In this context, the highest traded price of the TOKEN on the stock exchange will be taken as basis. 1 TOKEN = 0.00605002 USDT Refunds will be given to users. Stock market buyback plan 7 November He emphasized that it will start on .
This new token launched by FLOKI created great excitement among investors in the first moments. But it seems that the team has more serious problems to solve in the name of transparency and reliability.
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Related article: Meme Coin FLOKI Launches a New Token: 42 Percent Increase in Price!
Bitget’s Delist for FlOKI’s Altcoin Project: Was There Manipulation in the Price? The article titled was prepared by Tugay Erdem and published on koinbulteni.com.
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