March 29, 2024

Binance announced the delisting of four tokens

Article Reading Time:
1 min.

Binance announced the delisting of four tokens

The largest cryptocurrency exchange announced that MITH, TRIBE, REP and BTCST tokens failed verification and will be removed from the trading platform on December 22.

Binance will stop all transactions withtrading pairs MITH/USDT, TRIBE/BUSD, REP/USDT and BTCST/BUSD. After December 23, the entry of these tokens into user wallets should be stopped. They can be withdrawn until March 23. Starting December 16, the platform will stop using these tokens as borrowed and collateral assets. 

Mithril (MITH) token is used asrewards for content and to pay for various services in the decentralized ecosystem of social networks Mithril on Ethereum. The token rate fell by 35% after the announcement of delisting.

Tribe (TRIBE) is the governance token of the decentralized Fei platform, supporting the FEI stablecoin. After Binance announced the delisting, the token fell 7.5%. 

Augur (REP) is the Augur oracle and prediction token on Ethereum. The price of the token practically did not react to Binance’s announcement; over the past 24 hours its value has decreased by 3%.

Bitcoin Standard Hashrate Token (BTCST) isThe platform's native utility token, BEP-20, previously launched by Binance. Owning BTCST is equivalent to owning mining power. Placing BTCST gives you the right to receive rewards for mining in bitcoins. The token price fell by 44.7% after the announcement of delisting on Binance.

In September, Binance announced that it would stop trading USD Coin (USDC), USDP Stablecoin (USDP), and TrueUSD (TUSD) to improve liquidity and capital efficiency.