Binance to delist AirDAO, Clover and others on Feb. 24

Binance plans to remove several tokens from their lists on February 24 after a periodic examination reveals that they no longer meet the required standards.

In a recent notice For merchants, the main Crypto exchange said that he would withdraw five tokens from his lists, notably Airdao, Clover Finance, Stormx and quickly. The decision to bring them back intervenes after examining the periodic digital assets of the binance tokens.

“When a coin or token no longer meets these standards or the industry landscape changes, we perform a more in -depth examination and the radus potentially,” the exchange said in a statement.

The four tokens will be deleted from Binance Lists on February 24 at 3:00 am UTC. Until then, the trading pairs associated with the tokens will also be deleted, including AMB / USDT, CLV / BTC, CLV / USDT, STMX / TRY, STMX / USDT and quickly / USDT.

Deposits and withdrawals for the aforementioned tokens will cease after February 25 at 3:00 am UTC. However, Binance gives users a little hope that the tokens radiated always kept in portfolios could potentially be converted into stablecoins after April 25 at 3:00 am UTC.

On the other hand, the Binance financing rate arbitration rate will close all arbitration strategies and carry out an automatic regulation on Ambusdt and STMXUSDT symbols on February 20 at 05:30 UTC.

After the news of the distribution of tokens broke out, the four tokens experienced a slowdown in value. Quickly experienced the worst fall, lowering almost 45% a few minutes after the publication of Binance’s cancellation of cancellation. The native token of quickly Platform is currently in the process of exchange at around $ 0.0045.

Likewise, Airdao also experienced a clear drop after the notice of radiation. The token dropped 37% to $ 0.0025 in the last 24 hours. In the last month, Ambi fell by more than 60%.

Last year, Airdao was the victim of a pirate attack This led to a loss amounting to 126.5 ETH and 41.61 million AMB tokens. The stolen funds were then transferred to several exchanges including Mexc, Kucoin and Binance.

The Clover Finance, CLV token, experienced a decrease of more than 12.3% after the opinion. It is currently negotiated at $ 0.0417. Meanwhile, STMX dropped only 6.5% after its radiation from the exchange.

According to Coingecko, Binance is the largest contributor to the volume of negotiation for the four coins which should soon be dissuaded, representing more than 72% of all trading activities for Airdao and quickly.