The world’s largest cryptocurrency exchange Binanceannounced that four altcoins were delisted as a result of his evaluations yesterday.
Among the delisted altcoin with a project Mithril (MITH)200,000 worth $53 million paid to Binance after Binance announcement Binance Coin (BNB) He said he wanted it back.
Mithril stated that they gave these BNBs to be listed on Binance in 2018.
of Mithril BNB responding to his statement on twitter Binance CEO CZ, He stated the following in his statement:
“I commented after seeing your post where you requested your BNBs.
Here is the contract clause we signed for reference to you and the community. We generally maintain contract confidentiality until you break the terms of the contract.
The insurance deposit for tokens is there to encourage developers to keep coming.”
MITH Explaining why the token was delisted, CZ said that there was no movement in both the price and community of the token, and he believed that Binance made the right decision about delisting:
“Your token price is well below trigger levels. We read the comments. Your website is offline.
You haven’t tweeted or updated your community in almost 2 years.
I believe that our team made the right decision and acted completely within our rights. Regards.”
In the contract terms shared by CZ, “If the price of the project’s token drops below 50% of $0.13 (“Price Trigger”) for 15 consecutive days, or if it has a material adverse impact on the token or the project, on the exchange or on users, Binance will be charged by the project. shall have the right to deduct all or any part of the insurance deposit deposited as an additional fee” he is writing.
I reviewed this after seeing your post. Here is the contract clause for your (and community) reference. We usually observe confidentiality, until you broke it. The Insurance Deposit is there to encourage builders to continue to build. 1/2 pic.twitter.com/OX34TOmD1g
— CZ 🔶 Binance (@cz_binance) December 16, 2022
After Binance’s delisting decision, it experienced a sharp drop of about 35%. MITHsaw the lowest levels of the last 2 years.
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