First Statement From The Developers Of The Altcoin Delisted From Binance!

Recently delisted from Binance altcoin The developers released a statement on Twitter.

AUTO Altcoin Team Announces They Will Work To Relist On Binance

A decentralized finance (DeFi) platform with yield farming and automated portfolio management Autofarm (AUTO) The team behind it is the world’s largest cryptocurrency exchange expressed disappointment at Binance’s decision to delist the native token.

In a tweet on April 12, Autofarm said it has been in “close contact” with Binance lately and is “heartbroken” by the way things turned out.

The tweet comes after Binance announced that it will delist AUTO along with the other two tokens QLC and NEBL on April 18 due to low trading volume and liquidity.

Autofarm promised its community that it still maintains a good relationship with Binance and will do its best to be relisted after the release of version 3 (v3) vaults that are currently under audit.

The platform also indicated to its users that they can still AUTO trade on DeFi platforms or other centralized exchanges (CEXs) such as Crypto.com, Tokocrypto, Bitrue, and CoinEx.

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Announcement regarding Binance delisting: we have been closely in touch with Binance over the last period of time and are heartbroken that events turned out this way.

— autofarm.network (@autofarmnetwork) April 12, 2023

As Binance actively supports the growth of its ecosystem, the delisting of AUTO by the exchange is a rare occurrence for a BSC-based project.

However, some analysts have pointed out that Binance may face regulatory pressure from authorities around the world who review its operations and compliance standards.

*Not investment advice.