Mithril, one of the blockchain-based social media projects, is from the cryptocurrency exchange Binance. It requests 200,000 Binance Coins (BNB).
Binance has decided to delist four altcoins, including Mithril (MITH), on the grounds that they do not meet the standards of the stock market today. MITH, after this decision lost 20% of its value.
Mithril team exits Binance after MITH was delisted requesting a refund found. The Mithril team made the following statement on the subject:
“Binance announced today that it will delist MITH. Binance had requested a deposit of 200,000 BNB when MITH was to be listed, and this deposit was never returned. On behalf of the Mithril community, we demand that Changpeng Zhao return this money so Mithril can continue to operate.”
Binance added the MITH token to the stock market in November 2018. 200,000 BNB was worth about $1 million at the time.
The Mithril team has been with Binance for a long time, in addition to requesting refunds from Binance. they have cooperated also states. MITH was the first token to use Binance Chain, launched in April 2019. It also included MITH in the first pair listed on Binance’s decentralized exchange.
Although the Mithril team said that 200,000 BNB is required for the project to “continue operating”, the project has been inactive on social media for a while. MITH team is on Twitter if today’s share is not counted last post on January 7, 2021 made.
Binance management has not yet made a statement regarding Mithril’s request.