Turkish cryptocurrency exchange Bitci has taken an important decision regarding the FAN tokens traded on the exchange. Stock Exchange CEO Ahmet Onur Yeygün preferred a democratic method and submitted the decision to the votes of the stock market users. Yeygün shared that the decision was made based on the voting results of over 70 percent.
Bitcoin exchange took an important step as a result of voting
cryptocoin.comAs you follow, the crypto money exchange Bitci, which has an important position in the Turkish crypto world, has made a change in the parity of the FAN tokens traded on the exchange. Stock Exchange CEO Ahmet Onur Yeygün asked users their opinions on whether to continue with FAN Token / BITCI parities in the voting he started on Twitter yesterday.
According to the results released today, the majority voted in favor of delisting the pairs with 72.2%. After that, Bitci CEO Ahmet Onur Yeygün announced that the aforementioned pairs will be delisted on February 21, 2023. However, he stated that FAN Token / TL parities will be active in order not to victimize investors during the transition process.
In addition, Ahmet Onur Yeygün underlined that they will show similar reflexes in adapting in the rapidly changing crypto world by saying, “Our aim is to focus on developments in this process and to continue our lives as much as we can.”
Why does the stock market delist FAN Token/BITCI parities?
Meanwhile, calls from investors are in the background of the delist decision. Because the FAN Tokens traded on the exchange could only be traded in the local token of the exchange, BITCI parity. Investors using the stock market, on the other hand, expressed their discomfort, saying that it created a liquidity problem. Considering these complaints, the CEO of the stock market preferred to seek the opinions of investors on this issue.
However, BITCI investors are worried that the functionality of the token will decrease due to the delist. While the voting continues, Arif Paşalıoğlu, one of the followers, expressed his opinion in this direction and said, “Mr Onur, while this move is being made, the sustainability of the main-net toke of the Bitci exchange should be supported without being pacified. You will appreciate that as long as the token does not serve a purpose, it will not be attractive. Removing the inverse correlation won’t be easy. What is your formula?” posed the question. Yeygün answered the related question as follows:
Hello Mr. Arif. We plan to have stake options, launchpad opportunities, commission rates, Holders-specific utility and promotions. In both pairs. But since I care about the investor’s opinion, I did not want to take direct action.
Meanwhile, the decision had a positive impact on the price of the BITCI token. The token has increased by over 10% at press time.
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